Quent Capital LLC Has $419,000 Holdings in AutoZone, Inc. (NYSE:AZO)

Quent Capital LLC increased its position in AutoZone, Inc. (NYSE:AZO) by 45.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 131 shares of the company’s stock after purchasing an additional 41 shares during the period. Quent Capital LLC’s holdings in AutoZone were worth $419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone in the third quarter valued at $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone during the third quarter valued at $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone in the 3rd quarter worth about $47,000. Crews Bank & Trust acquired a new stake in AutoZone during the 4th quarter worth about $61,000. Finally, McIlrath & Eck LLC grew its stake in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AZO. Mizuho increased their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report 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. Roth Mkm restated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Wells Fargo & Company increased their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Citigroup lifted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Trading Up 0.6 %

Shares of AutoZone stock opened at $3,448.45 on Wednesday. The firm has a fifty day simple moving average of $3,297.17 and a 200-day simple moving average of $3,188.22. The stock has a market capitalization of $57.87 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 1-year low of $2,672.31 and a 1-year 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 for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $32.55 EPS. As a group, research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

About AutoZone

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.