O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its target price cut by Wells Fargo & Company from $1,300.00 to $1,200.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an overweight rating on the specialty retailer's stock.
Several other research analysts also recently commented on the stock. StockNews.com raised shares of O'Reilly Automotive from a hold rating to a buy rating in a report on Thursday. Barclays raised 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 report on Thursday, January 4th. UBS Group raised their price objective on shares of O'Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Wedbush reaffirmed a neutral rating and issued a $1,100.00 price objective on shares of O'Reilly Automotive in a report on Thursday. Finally, The Goldman Sachs Group raised their price objective on shares of O'Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $1,108.94.
Read Our Latest Report on ORLY
O'Reilly Automotive Price Performance
Shares of NASDAQ ORLY traded down $38.57 during midday trading on Thursday, reaching $1,054.13. The company's stock had a trading volume of 917,935 shares, compared to its average volume of 373,213. O'Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,169.11. The firm has a 50 day moving average price of $1,097.34 and a 200-day moving average price of $1,014.62. The stock 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.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O'Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. O'Reilly Automotive's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $8.28 earnings per share. On average, equities analysts predict that O'Reilly Automotive will post 42.1 EPS for the current year.
Insider Activity
In other news, Chairman David E. Oreilly sold 10,000 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director John Raymond Murphy sold 269 shares of the firm's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman David E. Oreilly sold 10,000 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On O'Reilly Automotive
Large investors have recently added to or reduced their stakes in the business. Fortune Financial Advisors LLC raised its position in O'Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer's stock worth $2,325,000 after purchasing an additional 57 shares during the period. SignalPoint Asset Management LLC raised its position in O'Reilly Automotive by 3.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer's stock worth $48,567,000 after purchasing an additional 1,642 shares during the period. NewEdge Wealth LLC raised its position in O'Reilly Automotive by 13.6% in the 4th quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer's stock worth $32,509,000 after purchasing an additional 4,101 shares during the period. HB Wealth Management LLC raised its position in O'Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer's stock worth $1,660,000 after purchasing an additional 114 shares during the period. Finally, LPL Financial LLC raised its position in O'Reilly Automotive by 10.8% in the 3rd quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer's stock worth $31,579,000 after purchasing an additional 3,385 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.
O'Reilly Automotive Company Profile
(
Get 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.
Further Reading
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