O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its price target lifted by Evercore ISI from $97.00 to $107.00 in a report published on Friday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer's stock.
Several other research analysts have also recently weighed in on ORLY. DA Davidson upped their price target on shares of O'Reilly Automotive from $101.67 to $106.67 and gave the company a "buy" rating in a report on Friday, April 25th. BMO Capital Markets upped their target price on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Royal Bank Of Canada restated an "outperform" rating and issued a $98.00 price target on shares of O'Reilly Automotive in a report on Wednesday, July 2nd. Wall Street Zen upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Finally, UBS Group restated a "buy" rating and issued a $115.00 target price (up previously from $105.00) on shares of O'Reilly Automotive in a research note on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $102.22.
Read Our Latest Report on O'Reilly Automotive
O'Reilly Automotive Stock Up 1.4%
Shares of ORLY traded up $1.35 during trading hours on Friday, reaching $98.68. The stock had a trading volume of 2,344,116 shares, compared to its average volume of 5,708,173. The company has a market cap of $84.36 billion, a P/E ratio of 35.28, a P/E/G ratio of 2.65 and a beta of 0.58. O'Reilly Automotive has a 52 week low of $73.11 and a 52 week high of $100.10. The firm has a 50-day moving average of $91.39 and a 200 day moving average of $90.01.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm posted $10.55 earnings per share. O'Reilly Automotive's revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts expect that O'Reilly Automotive will post 43.94 earnings per share for the current year.
Insider Activity
In other O'Reilly Automotive news, SVP Ramon Parises Odems sold 30,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Najera Jose A. Montellano sold 285 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Insiders sold a total of 33,285 shares of company stock valued at $3,022,386 in the last quarter. Company insiders own 1.01% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in ORLY. TD Asset Management Inc lifted its holdings in O'Reilly Automotive by 1,214.0% during the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock valued at $194,567,000 after purchasing an additional 1,994,449 shares during the last quarter. GAMMA Investing LLC raised its position in shares of O'Reilly Automotive by 175,115.6% in the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after purchasing an additional 1,821,202 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of O'Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock valued at $155,240,000 after purchasing an additional 1,573,010 shares during the period. Congress Asset Management Co. lifted its stake in shares of O'Reilly Automotive by 1,385.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after buying an additional 1,474,068 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of O'Reilly Automotive by 1,438.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock worth $125,150,000 after buying an additional 1,298,307 shares during the period. 85.00% of the stock is currently owned by institutional investors.
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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