O’Reilly Automotive, Inc. (NASDAQ:ORLY) had its price target increased by Citigroup Inc. from $276.00 to $283.00 in a research note issued to investors on Friday morning. They currently have a buy rating on the specialty retailer’s stock.
A number of other equities research analysts have also commented on the stock. Oppenheimer Holdings, Inc. restated a buy rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. Robert W. Baird restated a hold rating and set a $220.00 price objective on shares of O’Reilly Automotive in a report on Friday. Credit Suisse Group set a $193.00 price objective on shares of O’Reilly Automotive and gave the stock a hold rating in a report on Thursday. Wedbush restated a neutral rating on shares of O’Reilly Automotive in a report on Thursday, July 6th. Finally, Bank of America Corporation lowered shares of O’Reilly Automotive from a buy rating to a neutral rating and dropped their price objective for the stock from $325.00 to $200.00 in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $243.48.
Shares of O’Reilly Automotive (NASDAQ ORLY) opened at 217.04 on Friday. The firm has a market capitalization of $19.10 billion, a P/E ratio of 19.01 and a beta of 0.78. The firm’s 50-day moving average is $208.93 and its 200 day moving average is $218.38. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $286.57.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.07. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $2.90 earnings per share. Equities research analysts forecast that O’Reilly Automotive will post $11.87 EPS for the current fiscal year.
O’Reilly Automotive announced that its board has initiated a share buyback plan on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total value of $1,050,700.00. Following the completion of the transaction, the director now directly owns 77,562 shares in the company, valued at approximately $16,298,878.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $215.98, for a total transaction of $224,619.20. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock valued at $3,684,364 in the last three months. Insiders own 3.12% of the company’s stock.
Several large investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of O’Reilly Automotive by 1.0% in the 2nd 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 in the last quarter. Cypress Wealth Advisors LLC increased its position in O’Reilly Automotive by 1.3% during the 1st quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock worth $225,000 after purchasing an additional 11 shares in the last quarter. HL Financial Services LLC increased its position in O’Reilly Automotive by 1.4% during the 2nd quarter. HL Financial Services LLC now owns 2,005 shares of the specialty retailer’s stock worth $439,000 after purchasing an additional 27 shares in the last quarter. First Personal Financial Services increased its position in O’Reilly Automotive by 3.8% during the 2nd quarter. First Personal Financial Services now owns 1,049 shares of the specialty retailer’s stock worth $230,000 after purchasing an additional 38 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in O’Reilly Automotive by 1.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,053 shares of the specialty retailer’s stock worth $668,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 96.27% 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.
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