Oppenheimer Holdings Weighs in on O’Reilly Automotive, Inc.’s Q2 2017 Earnings (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Investment analysts at Oppenheimer Holdings decreased their Q2 2017 earnings per share estimates for shares of O’Reilly Automotive in a research report issued on Thursday. Oppenheimer Holdings analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $2.87 for the quarter, down from their previous forecast of $3.12. Oppenheimer Holdings currently has a “Outperform” rating and a $220.00 target price on the stock.

Several other research analysts have also recently weighed in on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $190.00 price objective (down from $272.00) on shares of O’Reilly Automotive in a research report on Friday. Northcoast Research raised 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. Bank of America Corporation cut O’Reilly Automotive from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $325.00 to $200.00 in a research report on Friday, July 7th. UBS AG reaffirmed a “buy” rating and set a $255.00 price objective (down from $320.00) on shares of O’Reilly Automotive in a research report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) raised O’Reilly Automotive from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $262.00 to $210.00 in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $253.70.

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O’Reilly Automotive (NASDAQ ORLY) opened at 184.43 on Monday. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $292.84. The company has a 50-day moving average of $209.11 and a 200 day moving average of $249.24. The firm has a market cap of $16.78 billion, a P/E ratio of 16.81 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.88 by $0.28. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the firm posted $2.59 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year.

O’Reilly Automotive announced that its board has initiated a stock repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the sale, the chairman now owns 145,568 shares in the company, valued at $36,473,518.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Raymond Murphy sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $246.77, for a total value of $148,062.00. The disclosure for this sale can be found here. Insiders sold 26,640 shares of company stock worth $6,639,552 in the last 90 days. Corporate insiders own 3.12% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Rational Advisors LLC acquired a new stake in O’Reilly Automotive during the first quarter valued at about $688,000. Glenview Trust Co raised its stake in O’Reilly Automotive by 198.6% in the first quarter. Glenview Trust Co now owns 8,323 shares of the specialty retailer’s stock valued at $2,246,000 after buying an additional 5,536 shares in the last quarter. Highbridge Capital Management LLC raised its stake in O’Reilly Automotive by 7.1% in the fourth quarter. Highbridge Capital Management LLC now owns 53,000 shares of the specialty retailer’s stock valued at $14,756,000 after buying an additional 3,503 shares in the last quarter. First Trust Advisors LP raised its stake in O’Reilly Automotive by 9.7% in the first quarter. First Trust Advisors LP now owns 48,397 shares of the specialty retailer’s stock valued at $13,059,000 after buying an additional 4,292 shares in the last quarter. Finally, Brant Point Investment Management LLC raised its stake in O’Reilly Automotive by 18.5% in the first quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock valued at $7,686,000 after buying an additional 4,450 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

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.

Earnings History and Estimates for O`Reilly Automotive (NASDAQ:ORLY)

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