O’Reilly Automotive, Inc. (NASDAQ:ORLY) has earned a consensus recommendation of “Hold” from the twenty-two analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $240.67.
ORLY has been the topic of several recent research reports. Deutsche Bank AG cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and lowered their price target for the company from $315.00 to $273.00 in a research report on Tuesday, April 25th. Royal Bank Of Canada lowered their price target on shares of O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 25th. Credit Suisse Group set a $290.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Monday, April 24th. Oppenheimer Holdings, Inc. set a $300.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Thursday, April 27th. Finally, Stephens set a $315.00 price objective on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, April 28th.
In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the sale, the chairman now directly owns 145,568 shares in the company, valued at $36,473,518.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the sale, the director now owns 77,562 shares in the company, valued at $16,298,878.68. The disclosure for this sale can be found here. Insiders have sold 32,080 shares of company stock worth $7,754,807 over the last quarter. Insiders own 3.12% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Monetary Management Group Inc. raised its stake in shares of O’Reilly Automotive by 16.3% in the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after buying an additional 65 shares during the period. Barrett Asset Management LLC raised its stake in O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after buying an additional 340 shares during the last quarter. Proficio Capital Partners LLC raised its stake in O’Reilly Automotive by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after buying an additional 5 shares during the last quarter. Nikko Asset Management Americas Inc. purchased a new stake in O’Reilly Automotive during the first quarter worth $108,000. Finally, Parkside Financial Bank & Trust raised its stake in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after buying an additional 5 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.
Shares of O’Reilly Automotive (ORLY) traded down 0.40% during midday trading on Friday, hitting $200.77. 1,090,756 shares of the stock were exchanged. The stock has a market cap of $17.67 billion, a P/E ratio of 17.59 and a beta of 0.74. O’Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $288.67. The firm has a 50 day moving average of $195.05 and a 200-day moving average of $240.57.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.65 EPS. Equities research analysts anticipate that O’Reilly Automotive will post $11.88 EPS for the current year.
O’Reilly Automotive announced that its Board of Directors has initiated a share buyback program on Wednesday, May 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
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O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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