Shares of O’Reilly Automotive Inc (NASDAQ:ORLY) have earned an average recommendation of “Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $355.33.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Oppenheimer cut O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Credit Suisse Group restated a “hold” rating and issued a $318.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, February 5th. Raymond James set a $408.00 price target on O’Reilly Automotive and gave the company a “strong-buy” rating in a research report on Friday, December 14th. Finally, Zacks Investment Research upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $393.00 price target for the company in a research report on Tuesday, November 27th.
In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $387.35, for a total value of $3,873,500.00. Following the sale, the director now directly owns 28,290 shares of the company’s stock, valued at approximately $10,958,131.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Gregory L. Henslee sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $374.37, for a total value of $18,718,500.00. Following the completion of the sale, the chairman now directly owns 65,922 shares in the company, valued at $24,679,219.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,415 shares of company stock valued at $25,391,899. 3.07% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. HighPoint Advisor Group LLC boosted its stake in O’Reilly Automotive by 20.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 636 shares of the specialty retailer’s stock worth $244,000 after buying an additional 107 shares during the last quarter. APG Asset Management N.V. boosted its stake in O’Reilly Automotive by 1.0% in the 4th quarter. APG Asset Management N.V. now owns 323,424 shares of the specialty retailer’s stock worth $97,419,000 after buying an additional 3,300 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in O’Reilly Automotive by 26.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 71,458 shares of the specialty retailer’s stock worth $24,605,000 after buying an additional 14,804 shares during the last quarter. CI Investments Inc. boosted its stake in O’Reilly Automotive by 1.2% in the 4th quarter. CI Investments Inc. now owns 199,765 shares of the specialty retailer’s stock worth $68,785,000 after buying an additional 2,286 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC boosted its stake in O’Reilly Automotive by 7.6% in the 4th quarter. Pinkerton Retirement Specialists LLC now owns 9,703 shares of the specialty retailer’s stock worth $3,341,000 after buying an additional 683 shares during the last quarter. 84.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ORLY stock traded down $3.08 during mid-day trading on Thursday, reaching $380.50. The stock had a trading volume of 455,519 shares, compared to its average volume of 761,723. O’Reilly Automotive has a 12-month low of $217.64 and a 12-month high of $394.42. The stock has a market cap of $30.80 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a quick ratio of 0.09, a current ratio of 0.91 and a debt-to-equity ratio of 9.66.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). O’Reilly Automotive had a net margin of 13.89% and a return on equity of 318.99%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the business earned $2.90 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that O’Reilly Automotive will post 17.79 earnings per share for the current year.
O’Reilly Automotive announced that its board has approved a share repurchase program on Tuesday, November 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.
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