O'Reilly Automotive (NASDAQ:ORLY) Shares to Split on Tuesday, June 10th

Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) are set to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be distributed to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive Trading Down 0.2%

ORLY traded down $2.38 during trading hours on Thursday, hitting $1,355.18. The company's stock had a trading volume of 14,806 shares, compared to its average volume of 376,839. The company has a 50-day simple moving average of $1,377.57 and a 200 day simple moving average of $1,305.28. The firm has a market capitalization of $77.23 billion, a PE ratio of 33.29, a PEG ratio of 2.34 and a beta of 0.64. O'Reilly Automotive has a fifty-two week low of $947.49 and a fifty-two week high of $1,458.37.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $9.35 EPS for the quarter, missing analysts' consensus estimates of $9.84 by ($0.49). O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm posted $9.20 earnings per share. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts expect that O'Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ORLY. Morgan Stanley reissued an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. Royal Bank of Canada lifted their target price on shares of O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Barclays boosted their price objective on shares of O'Reilly Automotive from $1,250.00 to $1,290.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. DA Davidson upped their price objective on shares of O'Reilly Automotive from $1,525.00 to $1,600.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Finally, UBS Group upped their price objective on shares of O'Reilly Automotive from $1,535.00 to $1,580.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive has an average rating of "Buy" and a consensus price target of $1,414.56.

Insider Buying and Selling

In related news, Director John Raymond Murphy sold 200 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $1,379.00, for a total transaction of $275,800.00. Following the transaction, the director now owns 304 shares in the company, valued at $419,216. This represents a 39.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ORLY. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive during the 1st quarter valued at about $25,000. HWG Holdings LP acquired a new position in O'Reilly Automotive during the 1st quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of O'Reilly Automotive in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC raised its position in shares of O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 13 shares during the period. Finally, Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive in the 1st quarter valued at approximately $30,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.