O’Reilly Automotive, Inc. (NASDAQ:ORLY) insider Gregory D. Johnson sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $220.00, for a total transaction of $1,100,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up $0.83 during midday trading on Friday, hitting $220.49. 756,453 shares of the stock were exchanged, compared to its average volume of 1,320,380. The firm has a market cap of $18,810.00, a P/E ratio of 18.75, a P/E/G ratio of 1.27 and a beta of 0.80. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10. O’Reilly Automotive, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $286.57.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.15 by $0.07. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.90 EPS. equities research analysts forecast that O’Reilly Automotive, Inc. will post 11.91 earnings per share for the current fiscal year.
O’Reilly Automotive announced that its Board of Directors has initiated a share buyback program on Friday, September 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several research firms have commented on ORLY. Citigroup Inc. upped their price target on shares of O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $220.00 price target on shares of O’Reilly Automotive in a report on Friday, October 27th. UBS AG reaffirmed a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. BidaskClub raised shares of O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $243.48.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Trust LLC increased its holdings in shares of O’Reilly Automotive by 200.0% during the 3rd quarter. Atlantic Trust LLC now owns 843 shares of the specialty retailer’s stock worth $182,000 after buying an additional 562 shares during the last quarter. IFM Investors Pty Ltd purchased a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $551,000. Fieldpoint Private Securities LLC purchased a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $141,000. Marshfield Associates purchased a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $50,729,000. Finally, California Public Employees Retirement System boosted its position in shares of O’Reilly Automotive by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 246,388 shares of the specialty retailer’s stock worth $53,065,000 after purchasing an additional 6,188 shares during the period. Institutional investors and hedge funds own 97.98% of the company’s stock.
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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