O’Reilly Automotive (NASDAQ:ORLY) Stock Rating Lowered by Citigroup

Citigroup lowered shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a neutral rating in a research report report published on Friday morning, BenzingaRatingsTable reports. The brokerage currently has $430.00 price objective on the specialty retailer’s stock, down from their previous price objective of $441.00.

Several other equities research analysts also recently weighed in on the stock. BidaskClub raised shares of O’Reilly Automotive from a buy rating to a strong-buy rating in a research note on Thursday, September 12th. Stephens cut their price target on shares of O’Reilly Automotive from $440.00 to $430.00 and set an overweight rating on the stock in a report on Friday, July 26th. Raymond James upped their price target on shares of O’Reilly Automotive from $435.00 to $460.00 and gave the stock a strong-buy rating in a report on Thursday, July 25th. Wells Fargo & Co restated a buy rating and issued a $435.00 price target on shares of O’Reilly Automotive in a report on Tuesday, August 20th. Finally, Royal Bank of Canada set a $428.00 price target on shares of O’Reilly Automotive and gave the stock a buy rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $407.57.

Shares of ORLY opened at $380.44 on Friday. O’Reilly Automotive has a twelve month low of $314.14 and a twelve month high of $414.63. The company has a market cap of $30.14 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.59 and a beta of 0.73. The company has a current ratio of 0.85, a quick ratio of 0.10 and a debt-to-equity ratio of 37.43. The company’s fifty day simple moving average is $383.18 and its 200-day simple moving average is $381.52.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.67 by ($0.16). O’Reilly Automotive had a net margin of 13.69% and a return on equity of 391.89%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the company posted $4.28 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Analysts predict that O’Reilly Automotive will post 17.54 earnings per share for the current fiscal year.

In other O’Reilly Automotive news, SVP Jason Lee Tarrant sold 651 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $370.69, for a total transaction of $241,319.19. Following the transaction, the senior vice president now directly owns 1,941 shares in the company, valued at approximately $719,509.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay D. Burchfield sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $381.08, for a total transaction of $381,080.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,773 shares of company stock worth $669,481. Company insiders own 2.52% of the company’s stock.

A number of institutional investors have recently modified their holdings of ORLY. Invesco Ltd. grew its holdings in O’Reilly Automotive by 74.8% during the 2nd quarter. Invesco Ltd. now owns 2,016,087 shares of the specialty retailer’s stock worth $744,582,000 after acquiring an additional 862,531 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in O’Reilly Automotive by 14.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,013,656 shares of the specialty retailer’s stock worth $1,475,299,000 after acquiring an additional 509,286 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in O’Reilly Automotive by 958.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 452,924 shares of the specialty retailer’s stock worth $167,274,000 after acquiring an additional 410,139 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in O’Reilly Automotive during the 2nd quarter worth about $140,345,000. Finally, FMR LLC grew its holdings in O’Reilly Automotive by 28.6% during the 1st quarter. FMR LLC now owns 1,496,125 shares of the specialty retailer’s stock worth $580,945,000 after acquiring an additional 332,297 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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