O’Reilly Automotive (ORLY) Stock Price Up 6.8%

O’Reilly Automotive, Inc. (NASDAQ:ORLY) rose 6.8% during mid-day trading on Tuesday . The stock traded as high as $252.53 and last traded at $250.39. Approximately 1,990,900 shares traded hands during trading, an increase of 52% from the average daily volume of 1,309,797 shares. The stock had previously closed at $234.40.

ORLY has been the subject of several research reports. Citigroup raised their price target on O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. Bank of America reaffirmed a “buy” rating and set a $250.00 price target on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Oppenheimer reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. Robert W. Baird reaffirmed a “hold” rating and set a $220.00 price target on shares of O’Reilly Automotive in a report on Friday, October 27th. Finally, Moffett Nathanson initiated coverage on O’Reilly Automotive in a report on Monday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $243.48.

The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72. The stock has a market capitalization of $21,274.78, a PE ratio of 21.74, a P/E/G ratio of 1.48 and a beta of 0.84.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, topping the Zacks’ consensus estimate of $3.15 by $0.07. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business earned $2.90 earnings per share. O’Reilly Automotive’s revenue was up 5.3% on a year-over-year basis. sell-side analysts expect that O’Reilly Automotive, Inc. will post 11.91 earnings per share for the current year.

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

In related news, SVP Scott E. Kraus sold 8,500 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $237.84, for a total value of $2,021,640.00. Following the transaction, the senior vice president now owns 4,959 shares in the company, valued at $1,179,448.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. Insiders sold 149,945 shares of company stock worth $33,756,392 in the last 90 days. 3.12% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in O’Reilly Automotive by 9.1% in the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock valued at $1,359,092,000 after acquiring an additional 520,626 shares during the last quarter. Vanguard Group Inc. grew its position in O’Reilly Automotive by 1.1% in the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock valued at $1,334,868,000 after acquiring an additional 66,172 shares during the last quarter. JPMorgan Chase & Co. grew its position in O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after acquiring an additional 1,251,237 shares during the last quarter. Polen Capital Management LLC grew its position in O’Reilly Automotive by 29.4% in the third quarter. Polen Capital Management LLC now owns 2,672,521 shares of the specialty retailer’s stock valued at $575,581,000 after acquiring an additional 607,076 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in O’Reilly Automotive by 45.7% in the third quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock valued at $556,331,000 after acquiring an additional 809,647 shares during the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.

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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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