Savoir Faire Capital Management L.P. Sells 2,017 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Savoir Faire Capital Management L.P. decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 56.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,545 shares of the specialty retailer’s stock after selling 2,017 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in O’Reilly Automotive were worth $1,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC raised its holdings in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of O’Reilly Automotive in the third quarter valued at about $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive during the third quarter worth about $41,000. Crewe Advisors LLC acquired a new position in O’Reilly Automotive during the first quarter worth approximately $43,000. Finally, Kings Path Partners LLC acquired a new position in O’Reilly Automotive during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Up 0.3 %

Shares of O’Reilly Automotive stock opened at $1,216.67 on Tuesday. O’Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,255.30. The company has a 50 day moving average of $1,172.69 and a 200 day moving average of $1,096.96. The company has a market capitalization of $70.24 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.46 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.72 earnings per share. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ORLY shares. Barclays increased their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. TD Cowen lifted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, thirteen have given 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 “Moderate Buy” and a consensus target price of $1,242.13.

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.