Brookstone Capital Management Makes New Investment in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Brookstone Capital Management purchased a new position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,440 shares of the specialty retailer's stock, valued at approximately $9,226,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive during the first quarter worth $26,000. HighMark Wealth Management LLC boosted its position in shares of O'Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of O'Reilly Automotive during the 4th quarter worth about $28,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of O'Reilly Automotive during the 4th quarter worth about $31,000. Finally, Piscataqua Savings Bank acquired a new position in shares of O'Reilly Automotive during the 1st quarter worth about $43,000. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of ORLY opened at $91.05 on Friday. O'Reilly Automotive, Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $97.22. The firm has a 50-day simple moving average of $90.76 and a 200-day simple moving average of $88.40. The company has a market capitalization of $77.83 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 2.49 and a beta of 0.58.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.04). O'Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

ORLY has been the subject of a number of research analyst reports. Mizuho upped their price target on O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a report on Friday, April 25th. Royal Bank Of Canada restated an "outperform" rating and issued a $98.00 target price on shares of O'Reilly Automotive in a report on Wednesday. Wells Fargo & Company upped their target price on shares of O'Reilly Automotive from $95.00 to $103.33 and gave the company an "overweight" rating in a report on Wednesday, April 16th. UBS Group upped their target price on shares of O'Reilly Automotive from $102.33 to $105.33 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Guggenheim restated a "buy" rating and issued a $98.33 price objective on shares of O'Reilly Automotive in a research note on Monday, March 10th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, O'Reilly Automotive presently has an average rating of "Buy" and an average target price of $94.38.

Insider Transactions at O'Reilly Automotive

In other news, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president owned 240 shares in the company, valued at approximately $21,767.20. This trade represents a 99.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Najera Jose A. Montellano sold 285 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,285 shares of company stock worth $3,022,386. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Company Profile

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

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