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

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report)'s stock is going 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 Trading Down 0.4%

O'Reilly Automotive stock traded down $5.50 during trading on Thursday, hitting $1,352.06. 300,198 shares of the company were exchanged, compared to its average volume of 377,731. The business's 50 day moving average is $1,377.36 and its 200 day moving average is $1,306.13. O'Reilly Automotive has a 52 week low of $950.60 and a 52 week high of $1,458.37. The company has a market capitalization of $77.05 billion, a P/E ratio of 33.25, a PEG ratio of 2.34 and a beta of 0.64.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced 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 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 company posted $9.20 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that O'Reilly Automotive will post 43.94 EPS for the current year.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of recent analyst reports. Barclays upped their price objective on O'Reilly Automotive from $1,250.00 to $1,290.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. BMO Capital Markets upped their price objective on 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. Wells Fargo & Company upped their price objective on O'Reilly Automotive from $1,425.00 to $1,550.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. DA Davidson upped their price target on O'Reilly Automotive from $1,525.00 to $1,600.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, Mizuho upped their price target on O'Reilly Automotive from $1,400.00 to $1,445.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive presently has an average rating of "Buy" and a consensus price target of $1,414.56.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director John Raymond Murphy sold 200 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $1,379.00, for a total value of $275,800.00. Following the completion of the transaction, the director now directly owns 304 shares in the company, valued at approximately $419,216. The trade was a 39.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.01% of the company's stock.

Hedge Funds Weigh In On O'Reilly Automotive

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of O'Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after buying an additional 75,125 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of O'Reilly Automotive by 20.8% during the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock valued at $2,757,148,000 after buying an additional 330,964 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of O'Reilly Automotive by 175,115.6% during the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after buying an additional 1,821,202 shares in the last quarter. FMR LLC raised its holdings in shares of O'Reilly Automotive by 0.8% during the 4th quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer's stock valued at $1,711,750,000 after buying an additional 11,039 shares in the last quarter. Finally, Invesco Ltd. increased its stake in O'Reilly Automotive by 6.2% in the 4th quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer's stock worth $948,460,000 after purchasing an additional 46,979 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

About O'Reilly Automotive

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.