Quent Capital LLC Purchases 41 Shares of AutoZone, Inc. (NYSE:AZO)

Quent Capital LLC boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 45.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 131 shares of the company’s stock after acquiring an additional 41 shares during the quarter. Quent Capital LLC’s holdings in AutoZone were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AZO. Petredis Investment Advisors LLC boosted its position in shares of AutoZone by 0.6% during the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock valued at $2,237,000 after acquiring an additional 4 shares in the last quarter. IVC Wealth Advisors LLC lifted its stake in AutoZone by 4.4% during the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after purchasing an additional 4 shares during the period. Allworth Financial LP boosted its holdings in AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after purchasing an additional 4 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of AutoZone by 1.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after purchasing an additional 4 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of AutoZone by 4.2% in the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock worth $312,000 after buying an additional 4 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AZO. Roth Capital raised AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company boosted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Argus increased their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. BMO Capital Markets started coverage on shares of AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Finally, Mizuho upped their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Up 0.6 %

Shares of AZO opened at $3,448.45 on Wednesday. The stock’s fifty day simple moving average is $3,297.17 and its 200-day simple moving average is $3,188.22. The firm has a market capitalization of $57.87 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,484.42.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the company posted $32.55 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.