O’Reilly Automotive (NASDAQ:ORLY) Upgraded to Hold by Zacks Investment Research

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Zacks Investment Research upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a sell rating to a hold rating in a research report sent to investors on Monday, Zacks.com reports. They currently have $425.00 price target on the specialty retailer’s stock.

According to Zacks, “Customer-centric business model and growing demand for high-quality auto parts are likely to drive O’Reilly’s growth in 2019. As such, the firm projects higher y/y earnings and sales for 2019. The specialty auto parts retailer is poised to benefit from store openings and distribution centers in profitable regions. The company has a track record of following a dual-market strategy by serving DIY and DIFM customers. The firm’s recent buyout deal with Mayasa Auto Parts bodes well. This marks O’Reilly’s first international expansion transaction. Strong cash flow and buyback program are other positives. However, the company is bogged down by high SG&A costs, which may dent margins. High capex and elevated leverage play spoilsports. O’Reilly’s earnings estimates for 2019 have been stable of late.”

Several other brokerages also recently weighed in on ORLY. Wolfe Research raised shares of O’Reilly Automotive from a peer perform rating to an outperform rating and set a $436.00 price target on the stock in a report on Tuesday, October 8th. BidaskClub downgraded shares of O’Reilly Automotive from a buy rating to a hold rating in a report on Wednesday, October 9th. Goldman Sachs Group assumed coverage on shares of O’Reilly Automotive in a report on Thursday, July 11th. They set a buy rating and a $440.00 price target on the stock. ValuEngine downgraded shares of O’Reilly Automotive from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, Stephens lowered their price target on shares of O’Reilly Automotive from $440.00 to $430.00 and set an overweight rating on the stock in a report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $408.93.

Shares of NASDAQ ORLY opened at $404.51 on Monday. The firm has a 50 day moving average of $394.58 and a 200 day moving average of $385.01. The company has a current ratio of 0.85, a quick ratio of 0.10 and a debt-to-equity ratio of 37.43. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.62 and a beta of 0.72. O’Reilly Automotive has a 12-month low of $314.14 and a 12-month high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.16). O’Reilly Automotive had a net margin of 13.69% and a return on equity of 391.89%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm posted $4.28 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that O’Reilly Automotive will post 17.54 EPS for the current year.

In other news, Director John Raymond Murphy sold 122 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $385.92, for a total value of $47,082.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jay D. Burchfield sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $381.08, for a total transaction of $381,080.00. The disclosure for this sale can be found here. Insiders have sold 1,773 shares of company stock worth $669,481 in the last ninety days. Insiders own 2.52% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ORLY. National Pension Service increased its position in O’Reilly Automotive by 4.8% in the second quarter. National Pension Service now owns 111,202 shares of the specialty retailer’s stock worth $41,069,000 after purchasing an additional 5,141 shares during the last quarter. Pennsylvania Trust Co bought a new stake in O’Reilly Automotive in the third quarter worth $213,000. Deane Retirement Strategies Inc. increased its position in O’Reilly Automotive by 1.3% in the second quarter. Deane Retirement Strategies Inc. now owns 5,524 shares of the specialty retailer’s stock worth $2,040,000 after purchasing an additional 73 shares during the last quarter. Profund Advisors LLC increased its position in O’Reilly Automotive by 11.8% in the second quarter. Profund Advisors LLC now owns 7,144 shares of the specialty retailer’s stock worth $2,638,000 after purchasing an additional 753 shares during the last quarter. Finally, Investec Asset Management North America Inc. increased its position in O’Reilly Automotive by 24.1% in the second quarter. Investec Asset Management North America Inc. now owns 4,185 shares of the specialty retailer’s stock worth $1,546,000 after purchasing an additional 812 shares during the last quarter. 85.80% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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