O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Investment analysts at William Blair increased their FY2017 earnings estimates for shares of O’Reilly Automotive in a note issued to investors on Thursday. William Blair analyst D. Hofkin now forecasts that the specialty retailer will post earnings per share of $11.90 for the year, up from their previous estimate of $11.80.
A number of other equities research analysts have also recently issued reports on ORLY. UBS AG cut O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Wedbush reiterated a “neutral” rating and set a $195.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 27th. BidaskClub upgraded O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research note on Monday. Oppenheimer Holdings, Inc. set a $220.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley cut O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $200.00 to $195.00 in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $245.54.
O’Reilly Automotive (NASDAQ:ORLY) opened at 203.93 on Monday. O’Reilly Automotive has a one year low of $169.43 and a one year high of $291.56. The firm has a market cap of $17.95 billion, a P/E ratio of 17.86 and a beta of 0.76. The firm’s 50-day moving average price is $203.57 and its 200 day moving average price is $246.13.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company posted $2.65 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of O’Reilly Automotive during the fourth quarter valued at $206,000. Macquarie Group Ltd. increased its stake in shares of O’Reilly Automotive by 41.7% in the fourth quarter. Macquarie Group Ltd. now owns 47,988 shares of the specialty retailer’s stock valued at $13,360,000 after buying an additional 14,116 shares in the last quarter. Rathbone Brothers plc acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at $18,160,000. Manning & Napier Advisors LLC increased its stake in shares of O’Reilly Automotive by 473.9% in the first quarter. Manning & Napier Advisors LLC now owns 144,450 shares of the specialty retailer’s stock valued at $38,977,000 after buying an additional 119,280 shares in the last quarter. Finally, Paradigm Financial Advisors LLC increased its stake in shares of O’Reilly Automotive by 2.5% in the first quarter. Paradigm Financial Advisors LLC now owns 1,585 shares of the specialty retailer’s stock valued at $427,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.
In related news, Director John Raymond Murphy sold 600 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total transaction of $148,062.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the sale, the senior vice president now owns 9,224 shares of the company’s stock, valued at $2,017,657.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,640 shares of company stock valued at $6,639,552. 3.12% of the stock is owned by corporate insiders.
O’Reilly Automotive declared that its board has approved a stock repurchase 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management 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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