Quantum Capital Management Has $385,000 Stock Position in AutoZone, Inc. (NYSE:AZO)

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Quantum Capital Management reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 355 shares of the company’s stock after selling 14 shares during the period. Quantum Capital Management’s holdings in AutoZone were worth $385,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. acquired a new stake in shares of AutoZone in the second quarter valued at about $26,000. Virtus ETF Advisers LLC acquired a new stake in shares of AutoZone in the second quarter valued at about $27,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of AutoZone in the second quarter valued at about $31,000. Quest Capital Management Inc. ADV acquired a new stake in shares of AutoZone in the third quarter valued at about $37,000. Finally, First Financial Corp IN acquired a new stake in shares of AutoZone in the third quarter valued at about $38,000. Institutional investors own 93.54% of the company’s stock.

Several analysts recently commented on the stock. Raymond James assumed coverage on shares of AutoZone in a research note on Monday, October 7th. They issued an “outperform” rating and a $1,250.00 price objective for the company. Wedbush restated an “outperform” rating and set a $1,240.00 target price (up previously from $1,100.00) on shares of AutoZone in a research report on Thursday, September 19th. Morgan Stanley lifted their target price on shares of AutoZone from $1,050.00 to $1,100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Co restated an “outperform” rating and set a $1,300.00 target price (up previously from $1,275.00) on shares of AutoZone in a research report on Monday. Finally, Nomura assumed coverage on shares of AutoZone in a research report on Thursday, November 7th. They set a “buy” rating and a $1,250.00 target price for the company. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,144.18.

AutoZone stock traded up $10.79 during trading on Wednesday, reaching $1,163.09. The company had a trading volume of 222,755 shares, compared to its average volume of 264,243. AutoZone, Inc. has a 12-month low of $798.41 and a 12-month high of $1,188.18. The stock’s 50 day moving average price is $1,149.87 and its two-hundred day moving average price is $1,113.62. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.48 and a beta of 0.62.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 24th. The company reported $22.59 earnings per share for the quarter, beating the consensus estimate of $21.80 by $0.79. AutoZone had a net margin of 13.63% and a negative return on equity of 98.67%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the firm earned $18.54 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts expect that AutoZone, Inc. will post 65.28 earnings per share for the current year.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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