Moffett Nathanson Initiates Coverage on O’Reilly Automotive (ORLY)

Analysts at Moffett Nathanson began coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the specialty retailer’s stock.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, August 9th. Bank of America reaffirmed a “buy” rating and issued a $250.00 price objective on shares of O’Reilly Automotive in a research report on Tuesday, September 5th. Citigroup boosted their price objective on shares of O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $220.00 price objective on shares of O’Reilly Automotive in a research report on Friday, October 27th. Finally, UBS reissued a “buy” rating and set a $240.00 price target (up from $230.00) on shares of O’Reilly Automotive in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Automotive currently has a consensus rating of “Buy” and an average target price of $243.48.

Shares of O’Reilly Automotive (NASDAQ:ORLY) opened at $250.21 on Monday. The company has a market cap of $21,290.08, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.48 and a beta of 0.84. O’Reilly Automotive has a 52-week low of $169.43 and a 52-week high of $286.57. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, beating the consensus estimate of $3.15 by $0.07. The business 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 firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.90 EPS. equities analysts predict that O’Reilly Automotive will post 11.91 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has approved a stock repurchase program on Friday, September 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other news, Director Paul R. Lederer sold 1,130 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $211.00, for a total transaction of $238,430.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman David E. Oreilly sold 70,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the transaction, the chairman now owns 135,776 shares in the company, valued at $29,910,095.04. The disclosure for this sale can be found here. Insiders have sold a total of 149,945 shares of company stock worth $33,756,392 over the last three months. Insiders own 3.12% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of O’Reilly Automotive by 1.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after purchasing an additional 5 shares during the last quarter. HL Financial Services LLC increased its stake in shares of 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 during the last quarter. First Personal Financial Services increased its stake in shares of 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 during the last quarter. Pacer Advisors Inc. increased its stake in shares of 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 during the last quarter. Finally, Monetary Management Group Inc. increased its stake in shares of O’Reilly Automotive by 16.3% during the 2nd quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 88.56% of the company’s stock.

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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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