O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
Several other brokerages also recently issued reports on ORLY. Citigroup upped their price target on shares of O’Reilly Automotive from $916.00 to $983.00 in a report on Monday. Roth Mkm increased their price objective on O’Reilly Automotive from $940.00 to $995.00 and gave the company a “buy” rating in a report on Friday, May 12th. Wells Fargo & Company increased their price objective on O’Reilly Automotive from $985.00 to $1,075.00 in a report on Thursday. Morgan Stanley increased their price objective on O’Reilly Automotive from $830.00 to $900.00 and gave the company an “equal weight” rating in a report on Thursday, April 20th. Finally, Wedbush increased their price objective on O’Reilly Automotive from $820.00 to $920.00 in a report on Thursday, April 27th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $946.06.
O’Reilly Automotive Stock Up 0.4 %
Shares of NASDAQ:ORLY traded up $4.00 during trading on Friday, hitting $956.23. 1,043,873 shares of the company were exchanged, compared to its average volume of 444,726. The business’s 50 day moving average is $932.55 and its 200-day moving average is $878.31. The company has a market capitalization of $58.21 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. O’Reilly Automotive has a 1-year low of $665.45 and a 1-year high of $975.72.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its quarterly earnings results on Thursday, April 27th. The specialty retailer reported $8.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.00 by $0.28. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.58 billion. O’Reilly Automotive had a net margin of 14.90% and a negative return on equity of 176.66%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $7.17 earnings per share. As a group, sell-side analysts anticipate that O’Reilly Automotive will post 37.25 earnings per share for the current year.
Insider Transactions at O’Reilly Automotive
In related news, SVP Philip M. Hopper sold 2,058 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $929.66, for a total value of $1,913,240.28. Following the transaction, the senior vice president now owns 285 shares of the company’s stock, valued at approximately $264,953.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Thomas Mcfall sold 20,849 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $926.96, for a total value of $19,326,189.04. Following the transaction, the executive vice president now owns 5,901 shares of the company’s stock, valued at approximately $5,469,990.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Philip M. Hopper sold 2,058 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $929.66, for a total transaction of $1,913,240.28. Following the completion of the sale, the senior vice president now owns 285 shares of the company’s stock, valued at approximately $264,953.10. The disclosure for this sale can be found here. Insiders have sold 44,443 shares of company stock valued at $41,584,807 in the last 90 days. 1.55% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On O’Reilly Automotive
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in O’Reilly Automotive by 2.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,421 shares of the specialty retailer’s stock valued at $85,256,000 after buying an additional 2,586 shares during the last quarter. Meritage Portfolio Management purchased a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $6,399,000. Diversified Trust Co increased its stake in shares of O’Reilly Automotive by 75.5% during the 1st quarter. Diversified Trust Co now owns 951 shares of the specialty retailer’s stock worth $807,000 after purchasing an additional 409 shares during the last quarter. Brinker Capital Investments LLC increased its stake in shares of O’Reilly Automotive by 2.1% during the 4th quarter. Brinker Capital Investments LLC now owns 786 shares of the specialty retailer’s stock worth $663,000 after purchasing an additional 16 shares during the last quarter. Finally, M&G Investment Management Ltd. purchased a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 85.08% of the company’s stock.
About O’Reilly Automotive
O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.