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

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 issued to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive Stock Performance

NASDAQ:ORLY traded down $12.99 during midday trading on Tuesday, reaching $1,361.38. 438,001 shares of the stock traded hands, compared to its average volume of 398,940. The stock has a market capitalization of $77.58 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. O'Reilly Automotive has a 12-month low of $947.49 and a 12-month high of $1,458.37. The business has a 50-day moving average of $1,376.84 and a two-hundred day moving average of $1,304.52.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $9.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same period in the prior year, the firm posted $9.20 earnings per share. O'Reilly Automotive's revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts anticipate that O'Reilly Automotive will post 43.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several recent analyst reports. Guggenheim reissued a "buy" rating and issued a $1,475.00 price target on shares of O'Reilly Automotive in a report on Monday, March 10th. Morgan Stanley reaffirmed an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. Wells Fargo & Company lifted their target price on shares of O'Reilly Automotive from $1,425.00 to $1,550.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. BMO Capital Markets upped their price target on shares of O'Reilly Automotive from $1,450.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, DA Davidson raised their price target 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. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus target price of $1,414.56.

Insider Buying and Selling at O'Reilly Automotive

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

Institutional Investors Weigh In On O'Reilly Automotive

Several hedge funds have recently bought and sold shares of ORLY. CX Institutional grew its position in O'Reilly Automotive by 10.6% during the fourth quarter. CX Institutional now owns 261 shares of the specialty retailer's stock valued at $309,000 after buying an additional 25 shares during the period. AlphaMark Advisors LLC acquired a new position in shares of O'Reilly Automotive in the fourth quarter worth about $30,000. First Citizens Bank & Trust Co. purchased a new stake in shares of O'Reilly Automotive during the 4th quarter worth about $222,000. ETF Portfolio Partners Inc. grew its position in shares of O'Reilly Automotive by 75.0% during the 4th quarter. ETF Portfolio Partners Inc. now owns 350 shares of the specialty retailer's stock valued at $415,000 after acquiring an additional 150 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of O'Reilly Automotive by 15.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,604 shares of the specialty retailer's stock valued at $1,902,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors 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.