O'Reilly Automotive's (ORLY) "Outperform" Rating Reaffirmed at Royal Bank Of Canada

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $98.00 price objective on the specialty retailer's stock. Royal Bank Of Canada's price target would suggest a potential upside of 9.17% from the stock's previous close.

Several other research firms have also recently weighed in on ORLY. UBS Group boosted their price objective on O'Reilly Automotive from $102.33 to $105.33 and gave the stock a "buy" rating in a research report on Thursday, April 24th. BMO Capital Markets boosted their price objective on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Mizuho increased their target price on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Guggenheim reaffirmed a "buy" rating and issued a $98.33 price target on shares of O'Reilly Automotive in a report on Monday, March 10th. Finally, Wall Street Zen upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $94.38.

O'Reilly Automotive Trading Down 0.8%

O'Reilly Automotive stock traded down $0.73 during trading on Wednesday, hitting $89.77. 297,903 shares of the company were exchanged, compared to its average volume of 5,483,283. The company has a market capitalization of $76.74 billion, a P/E ratio of 32.98, a PEG ratio of 2.46 and a beta of 0.58. The business's 50 day moving average is $90.77 and its 200 day moving average is $88.29. O'Reilly Automotive has a 52 week low of $67.55 and a 52 week high of $97.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.04). O'Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The business's revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that O'Reilly Automotive will post 43.94 EPS for the current year.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the transaction, the director directly owned 4,560 shares of the company's stock, valued at approximately $419,216. The trade was a 39.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of O'Reilly Automotive 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 33,285 shares of company stock valued at $3,022,386 in the last 90 days. Insiders own 1.01% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

Several hedge funds have recently made changes to their positions in the company. HWG Holdings LP bought a new stake in shares of O'Reilly Automotive during the 1st quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new position in O'Reilly Automotive during the 1st quarter valued at about $25,000. HighMark Wealth Management LLC boosted its stake in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Elequin Capital LP purchased a new stake in O'Reilly Automotive in the first quarter worth about $30,000. Finally, Saudi Central Bank purchased a new stake in O'Reilly Automotive in the first quarter worth about $33,000. 85.00% of the stock is currently owned by institutional investors.

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.

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