O’Reilly Automotive, Inc. (ORLY) Receives $240.67 Consensus PT from Brokerages

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have been assigned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $240.67.

A number of research analysts have recently weighed in on the stock. Credit Suisse Group set a $290.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Monday, April 24th. Royal Bank Of Canada reduced their target price on shares of O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 25th. Deutsche Bank AG downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and reduced their target price for the company from $315.00 to $273.00 in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. set a $300.00 target price 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 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, April 28th.

In other news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $204.44, for a total transaction of $212,617.60. Following the sale, the senior vice president now owns 9,232 shares in the company, valued at approximately $1,887,390.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman David E. Oreilly sold 25,000 shares of the firm’s stock in a transaction on 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 owns 145,568 shares in the company, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,080 shares of company stock valued at $7,754,807. Insiders own 3.12% of the company’s stock.

Several hedge funds have recently bought and sold shares of ORLY. Parkside Financial Bank & Trust boosted 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 valued at $112,000 after buying an additional 5 shares during the period. Proficio Capital Partners LLC boosted 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 valued at $105,000 after buying an additional 5 shares during the period. Cypress Wealth Advisors LLC boosted its stake in O’Reilly Automotive by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 11 shares during the period. Genesee Valley Trust Co. boosted its stake in O’Reilly Automotive by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 4,662 shares of the specialty retailer’s stock valued at $1,257,000 after buying an additional 14 shares during the period. Finally, Intellectus Partners LLC boosted its stake in O’Reilly Automotive by 1.1% in the first quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock valued at $460,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 94.39% of the company’s stock.

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O’Reilly Automotive (NASDAQ ORLY) traded down 0.40% during midday trading on Friday, hitting $200.77. The stock had a trading volume of 1,090,756 shares. O’Reilly Automotive has a one year low of $169.43 and a one year high of $288.67. The firm has a market cap of $17.67 billion, a PE ratio of 17.59 and a beta of 0.74. The stock has a 50-day moving average price of $195.05 and a 200 day moving average price of $240.57.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm earned $2.65 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that O’Reilly Automotive will post $11.88 earnings per share for the current year.

O’Reilly Automotive declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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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