Apollon Wealth Management LLC Buys 79 Shares of AutoZone, Inc. (NYSE:AZO)

Apollon Wealth Management LLC boosted its stake in AutoZone, Inc. (NYSE:AZO) by 20.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 474 shares of the company’s stock after acquiring an additional 79 shares during the quarter. Apollon Wealth Management LLC’s holdings in AutoZone were worth $1,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Venturi Wealth Management LLC raised its holdings in AutoZone by 2.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock valued at $513,000 after buying an additional 4 shares during the last quarter. Plancorp LLC raised its position in AutoZone by 3.0% during the 3rd quarter. Plancorp LLC now owns 136 shares of the company’s stock worth $345,000 after purchasing an additional 4 shares during the last quarter. Alcosta Capital Management Inc. lifted its holdings in AutoZone by 0.3% during the 3rd quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock worth $3,188,000 after buying an additional 4 shares during the period. Hohimer Wealth Management LLC grew its position in shares of AutoZone by 1.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 361 shares of the company’s stock valued at $917,000 after buying an additional 4 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of AutoZone by 3.8% during the fourth quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock worth $283,000 after acquiring an additional 4 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the transaction, the vice president now owns 910 shares in the company, valued at $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Eric S. Gould sold 2,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the transaction, the vice president now directly owns 910 shares of the company’s stock, valued at approximately $2,912,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,990 shares of company stock worth $50,335,193. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AZO shares. Evercore ISI lowered their price target on shares of AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Citigroup lowered their target price on AutoZone from $3,505.00 to $3,420.00 and set a “buy” rating for the company in a report on Tuesday. Truist Financial raised their price target on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,108.83.

AutoZone Stock Down 0.9 %

Shares of AZO stock opened at $2,962.52 on Thursday. The firm has a market cap of $51.31 billion, a P/E ratio of 20.86, a PEG ratio of 1.46 and a beta of 0.72. The company has a 50 day moving average of $3,056.63 and a 200-day moving average of $2,795.11. AutoZone, Inc. has a 12-month low of $2,277.88 and a 12-month high of $3,256.37.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the business posted $24.64 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts expect that AutoZone, Inc. will post 152.4 EPS for the current year.

AutoZone 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.