Shellback Capital LP lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 66.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,664 shares of the specialty retailer's stock after purchasing an additional 6,664 shares during the quarter. O'Reilly Automotive accounts for about 2.3% of Shellback Capital LP's portfolio, making the stock its 10th largest position. Shellback Capital LP's holdings in O'Reilly Automotive were worth $23,873,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also 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. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive in the 1st quarter worth about $25,000. HighMark Wealth Management LLC raised its position in O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive during the first quarter valued at about $30,000. Finally, Saudi Central Bank acquired a new stake in shares of O'Reilly Automotive during the first quarter valued at about $33,000. Institutional investors own 85.00% of the company's stock.
Insider Buying and Selling
In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the sale, the senior vice president directly owned 4,234 shares of the company's stock, valued at $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 over the last 90 days. Company insiders own 1.01% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on ORLY. Wells Fargo & Company raised their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. DA Davidson upped their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. UBS Group raised their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Argus began coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price on the stock. Finally, Citigroup increased their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $104.40.
Read Our Latest Analysis on ORLY
O'Reilly Automotive Price Performance
Shares of ORLY traded down $1.81 during trading hours on Wednesday, hitting $105.11. The stock had a trading volume of 4,999,568 shares, compared to its average volume of 5,478,927. The firm has a market capitalization of $89.19 billion, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 2.81 and a beta of 0.60. O'Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $107.20. The firm has a 50 day simple moving average of $99.13 and a 200-day simple moving average of $93.69.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
O'Reilly Automotive Profile
(
Free Report)
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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