O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its price objective boosted by equities research analysts at Royal Bank Of Canada from $98.00 to $104.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the specialty retailer's stock. Royal Bank Of Canada's target price suggests a potential upside of 6.49% from the company's previous close.
Several other equities analysts have also issued reports on ORLY. Wall Street Zen raised O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Morgan Stanley reissued an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Evercore ISI increased their target price on O'Reilly Automotive from $97.00 to $107.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Barclays reissued an "equal weight" rating and set a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Buy" and an average target price of $102.22.
View Our Latest Research Report on ORLY
O'Reilly Automotive Stock Performance
Shares of O'Reilly Automotive stock traded down $0.50 during trading hours on Friday, hitting $97.66. The company's stock had a trading volume of 5,511,084 shares, compared to its average volume of 4,425,804. O'Reilly Automotive has a twelve month low of $72.74 and a twelve month high of $100.10. The firm has a fifty day moving average of $91.30 and a 200-day moving average of $89.82. The stock has a market cap of $83.48 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 2.65 and a beta of 0.58.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the company posted $10.55 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that O'Reilly Automotive will post 43.94 earnings per share for the current fiscal year.
Insider Transactions at O'Reilly Automotive
In other news, SVP Najera Jose A. Montellano sold 285 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the sale, the senior vice president directly owned 240 shares in the company, valued at $21,767.20. This trade represents a 99.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,285 shares of company stock valued at $3,022,386. Corporate insiders own 1.01% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in ORLY. Bank Pictet & Cie Europe AG increased its position in O'Reilly Automotive by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock worth $41,848,000 after buying an additional 1,208 shares during the period. American Century Companies Inc. grew its stake in shares of O'Reilly Automotive by 2.9% in the 4th quarter. American Century Companies Inc. now owns 5,682 shares of the specialty retailer's stock valued at $6,738,000 after purchasing an additional 160 shares during the last quarter. LPL Financial LLC grew its stake in shares of O'Reilly Automotive by 11.6% in the 4th quarter. LPL Financial LLC now owns 35,784 shares of the specialty retailer's stock valued at $42,432,000 after purchasing an additional 3,723 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of O'Reilly Automotive in the 4th quarter valued at approximately $31,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of O'Reilly Automotive by 6.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 94,766 shares of the specialty retailer's stock valued at $114,119,000 after purchasing an additional 5,699 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.
About O'Reilly Automotive
(
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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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