AutoZone, Inc. (NYSE:AZO) Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,380 shares of the company's stock after selling 355 shares during the period. AutoZone accounts for about 3.8% of Lawson Kroeker Investment Management Inc. NE's investment portfolio, making the stock its 4th largest holding. Lawson Kroeker Investment Management Inc. NE's holdings in AutoZone were worth $20,513,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AZO. Headlands Technologies LLC bought a new stake in AutoZone during the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new stake in AutoZone during the fourth quarter valued at approximately $32,000. Harbour Investments Inc. grew its position in AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares during the period. Minot DeBlois Advisors LLC bought a new stake in AutoZone during the fourth quarter valued at approximately $45,000. Finally, Tradewinds Capital Management LLC lifted its holdings in AutoZone by 30.0% during the first quarter. Tradewinds Capital Management LLC now owns 13 shares of the company's stock valued at $50,000 after purchasing an additional 3 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Down 0.5%

AutoZone stock traded down $18.34 during mid-day trading on Friday, hitting $3,667.00. The company had a trading volume of 84,768 shares, compared to its average volume of 130,386. The stock has a market cap of $61.53 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.25 and a beta of 0.39. AutoZone, Inc. has a 1 year low of $2,802.79 and a 1 year high of $3,916.81. The business has a fifty day moving average of $3,701.69 and a 200 day moving average of $3,546.14.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The firm had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.41 billion. During the same quarter in the previous year, the company posted $36.69 EPS. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AZO shares. Morgan Stanley reissued an "overweight" rating and issued a $4,000.00 target price (up previously from $3,750.00) on shares of AutoZone in a report on Wednesday, May 28th. Evercore ISI set a $3,950.00 price target on shares of AutoZone in a research report on Monday, May 19th. Guggenheim boosted their price objective on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Bank of America upgraded shares of AutoZone from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $3,900.00 to $4,800.00 in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, AutoZone currently has a consensus rating of "Buy" and a consensus price target of $4,087.00.

Insider Buying and Selling at AutoZone

In related news, Chairman William C. Rhodes III sold 27,500 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the transaction, the chairman owned 8,546 shares of the company's stock, valued at approximately $31,696,515.78. This represents a 76.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP K. Michelle Borninkhof sold 750 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the transaction, the senior vice president directly owned 406 shares in the company, valued at approximately $1,460,434.78. This represents a 64.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,662 shares of company stock worth $131,999,089 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

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.