Quent Long Short Global Small Cap Fund LP Takes Position in AutoZone, Inc. $AZO

Quent Long Short Global Small Cap Fund LP acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 207 shares of the company’s stock, valued at approximately $702,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AZO. Brighton Jones LLC lifted its position in shares of AutoZone by 14.4% during the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock valued at $356,000 after acquiring an additional 14 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of AutoZone during the 2nd quarter valued at $356,000. Guggenheim Capital LLC lifted its position in shares of AutoZone by 3.8% during the 2nd quarter. Guggenheim Capital LLC now owns 248 shares of the company’s stock valued at $921,000 after acquiring an additional 9 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of AutoZone by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 1,376 shares of the company’s stock valued at $5,110,000 after acquiring an additional 112 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of AutoZone by 52.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 11,763 shares of the company’s stock valued at $43,667,000 after acquiring an additional 4,039 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the transaction, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

AutoZone Stock Down 0.5%

AZO opened at $3,578.43 on Friday. The stock has a fifty day moving average of $3,559.13 and a 200-day moving average of $3,646.20. The firm has a market capitalization of $58.97 billion, a P/E ratio of 25.07, a PEG ratio of 1.84 and a beta of 0.41. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $28.29 earnings per share. On average, analysts expect that AutoZone, Inc. will post 148.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Evercore increased their price objective on AutoZone from $4,100.00 to $4,125.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Barclays increased their target price on AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Roth Mkm reduced their target price on AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Truist Financial reduced their target price on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, UBS Group set a $4,800.00 target price on AutoZone in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4,312.13.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.