O'Reilly Automotive (NASDAQ:ORLY) Receives "Equal Weight" Rating from Barclays

Key Points

• O'Reilly Automotive's stock has been given an "equal weight" rating by Barclays, with a price target of $86.00, indicating a potential downside of 12.18% from its current price.
• UBS Group recently increased their price target for O'Reilly Automotive from $105.00 to $115.00, reflecting a positive outlook with a "buy" rating.
• The company reported earnings of $0.78 EPS for the last quarter, matching analysts' expectations and demonstrating a 5.9% increase in quarterly revenue year-over-year.
• Insider trades saw a director selling 3,000 shares, which indicates some movement among company insiders, with a total of 33,285 shares sold in the last 90 days.

Barclays restated their equal weight rating on shares of O'Reilly Automotive (NASDAQ:ORLY - Free Report) in a research report released on Friday morning,Benzinga reports. Barclays currently has a $86.00 price objective on the specialty retailer's stock.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $98.00 price objective on shares of O'Reilly Automotive in a research report on Wednesday, July 2nd. Guggenheim lifted their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Friday. DA Davidson raised their target price on shares of O'Reilly Automotive from $101.67 to $106.67 and gave the company a "buy" rating in a research note on Friday, April 25th. Finally, Mizuho lifted their price objective on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $102.22.

O'Reilly Automotive Price Performance

NASDAQ:ORLY traded down $0.50 during trading hours on Friday, reaching $97.66. 5,511,084 shares of the company were exchanged, compared to its average volume of 4,425,804. The firm has a market cap of $83.48 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.65 and a beta of 0.58. O'Reilly Automotive has a 52-week low of $72.74 and a 52-week high of $100.10. The stock has a 50 day simple moving average of $91.30 and a 200 day simple moving average of $89.82.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the business earned $10.55 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that O'Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Ramon Parises Odems sold 30,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the completion of the transaction, the senior vice president owned 240 shares of the company's stock, valued at $21,767.20. The trade was a 99.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of the company'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. Insiders sold 33,285 shares of company stock valued at $3,022,386 over the last ninety days. Corporate insiders own 1.01% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. NorthRock Partners LLC increased its stake in O'Reilly Automotive by 1,354.5% in the second quarter. NorthRock Partners LLC now owns 9,425 shares of the specialty retailer's stock valued at $849,000 after acquiring an additional 8,777 shares during the period. Verdence Capital Advisors LLC raised its holdings in O'Reilly Automotive by 1,220.9% in the second quarter. Verdence Capital Advisors LLC now owns 3,989 shares of the specialty retailer's stock worth $360,000 after purchasing an additional 3,687 shares during the period. Atria Wealth Solutions Inc. raised its holdings in shares of O'Reilly Automotive by 817.8% during the second quarter. Atria Wealth Solutions Inc. now owns 20,228 shares of the specialty retailer's stock worth $1,823,000 after acquiring an additional 18,024 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of O'Reilly Automotive by 1,400.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 56,139 shares of the specialty retailer's stock worth $5,060,000 after acquiring an additional 52,398 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in O'Reilly Automotive by 1,389.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 73,825 shares of the specialty retailer's stock valued at $6,654,000 after buying an additional 68,870 shares during the last quarter. Institutional investors and hedge funds own 85.00% 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.