O'Reilly Automotive (NASDAQ:ORLY) Shares Gap Down Following Analyst Downgrade

Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) gapped down prior to trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $1,300.00 to $1,200.00. The stock had previously closed at $1,092.70, but opened at $1,020.00. Wells Fargo & Company currently has an overweight rating on the stock. O'Reilly Automotive shares last traded at $1,022.58, with a volume of 213,046 shares trading hands.

A number of other brokerages have also recently weighed in on ORLY. StockNews.com upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday. Barclays boosted their price objective on shares of O'Reilly Automotive from $954.00 to $986.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 4th. Royal Bank of Canada upped their price target on shares of O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. UBS Group boosted their price objective on shares of O'Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a "buy" rating in a research note on Wednesday, April 17th. Finally, Evercore ISI dropped their price objective on shares of O'Reilly Automotive from $1,240.00 to $1,220.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Moderate Buy" and a consensus target price of $1,108.94.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the company's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now directly owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now directly owns 5,533 shares in the company, valued at approximately $5,884,566.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Raymond Murphy sold 269 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the transaction, the director now owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,968 shares of company stock valued at $27,269,333. Insiders own 1.55% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Groesbeck Investment Management Corp NJ raised its holdings in O'Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer's stock valued at $1,306,000 after buying an additional 10 shares during the period. Lindbrook Capital LLC lifted its stake in O'Reilly Automotive by 3.9% during the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer's stock worth $251,000 after purchasing an additional 10 shares during the last quarter. Caprock Group LLC lifted its stake in O'Reilly Automotive by 2.4% during the third quarter. Caprock Group LLC now owns 475 shares of the specialty retailer's stock worth $432,000 after purchasing an additional 11 shares during the last quarter. Western Pacific Wealth Management LP lifted its stake in O'Reilly Automotive by 11.6% during the third quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer's stock worth $96,000 after purchasing an additional 11 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in O'Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer's stock valued at $418,000 after buying an additional 11 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Stock Down 3.5 %

The company has a market capitalization of $62.23 billion, a P/E ratio of 27.39, a PEG ratio of 1.98 and a beta of 0.86. The business has a 50 day simple moving average of $1,097.34 and a 200-day simple moving average of $1,014.62.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.99 billion. O'Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $8.28 earnings per share. Equities analysts forecast that O'Reilly Automotive, Inc. will post 42.1 EPS for the current fiscal year.

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.