Stegent Equity Advisors Inc. Has $339,000 Position in AutoZone, Inc. (NYSE:AZO)

Stegent Equity Advisors Inc. raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 24.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106 shares of the company’s stock after buying an additional 21 shares during the period. Stegent Equity Advisors Inc.’s holdings in AutoZone were worth $339,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AZO. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone during the 3rd quarter valued at $36,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the 3rd quarter valued at $47,000. Crews Bank & Trust acquired a new stake in shares of AutoZone during the 4th quarter valued at $61,000. McIlrath & Eck LLC lifted its stake in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of AutoZone in the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AZO shares. BMO Capital Markets started coverage on shares of AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective for the company. Citigroup lifted their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Barclays lifted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Wells Fargo & Company lifted their price objective 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. Finally, TD Cowen lifted their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Performance

NYSE:AZO opened at $3,388.21 on Thursday. The firm’s 50-day moving average is $3,327.45 and its 200-day moving average is $3,212.80. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,484.42. The company has a market cap of $56.85 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $32.55 EPS. Equities analysts predict 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.