O’Reilly Automotive, Inc. (NASDAQ:ORLY) has been assigned a consensus recommendation of “Hold” from the twenty-three ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $243.44.
Several equities analysts recently commented on ORLY shares. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $210.00 price objective (down from $295.00) on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Morgan Stanley lowered shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $200.00 to $195.00 in a research report on Thursday, July 6th. BidaskClub lowered shares of O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Northcoast Research raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price objective for the company in a research report on Tuesday, July 18th. They noted that the move was a valuation call. Finally, UBS AG reaffirmed a “buy” rating and issued a $230.00 price objective (down from $255.00) on shares of O’Reilly Automotive in a research report on Tuesday, July 25th.
O’Reilly Automotive (NASDAQ:ORLY) traded down 1.35% on Wednesday, hitting $196.41. 939,991 shares of the stock traded hands. The company has a market capitalization of $17.29 billion, a PE ratio of 17.20 and a beta of 0.76. O’Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $286.57. The firm has a 50-day moving average price of $199.21 and a 200-day moving average price of $232.62.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. O’Reilly Automotive’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $2.65 EPS. Analysts forecast that O’Reilly Automotive will post $11.87 earnings per share for the current year.
O’Reilly Automotive declared that its board has authorized a stock repurchase plan on Friday, September 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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In other news, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the completion of the transaction, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the transaction, the director now directly owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,120 shares of company stock valued at $3,687,235. Insiders own 3.12% of the company’s stock.
Large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in shares of O’Reilly Automotive by 1.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 5 shares in the last quarter. Monetary Management Group Inc. grew its stake in O’Reilly Automotive by 16.3% in the 2nd quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock valued at $102,000 after acquiring an additional 65 shares during the period. Barrett Asset Management LLC grew its stake in O’Reilly Automotive by 261.5% in the 2nd quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 340 shares during the period. Proficio Capital Partners LLC grew its stake in O’Reilly Automotive by 23.1% in the 1st quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after acquiring an additional 93 shares during the period. Finally, FTB Advisors Inc. grew its stake in O’Reilly Automotive by 108.2% in the 1st quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after acquiring an additional 263 shares during the period. 96.69% of the stock is owned by hedge funds and other institutional investors.
About O’Reilly Automotive
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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