O’Reilly Automotive, Inc. (NASDAQ:ORLY) Given Consensus Recommendation of “Buy” by Brokerages

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has earned an average rating of “Buy” from the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $1,390.81.

ORLY has been the subject of several research reports. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Barclays upped their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. UBS Group upped their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Finally, Guggenheim upped their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday, February 7th.

O’Reilly Automotive Stock Up 1.5 %

ORLY opened at $1,373.64 on Friday. O’Reilly Automotive has a twelve month low of $947.49 and a twelve month high of $1,378.76. The company has a 50-day moving average price of $1,264.60 and a 200 day moving average price of $1,209.61. The company has a market cap of $79.30 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, sell-side analysts expect that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Gregory L. Henslee sold 3,073 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the completion of the transaction, the chairman now owns 11,397 shares of the company’s stock, valued at approximately $14,988,764.55. This trade represents a 21.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at $364,375. The trade was a 64.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,894 shares of company stock valued at $10,409,618. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of hedge funds have recently added to or reduced their stakes in ORLY. Norges Bank acquired a new stake in O’Reilly Automotive during the 4th quarter worth approximately $867,190,000. Wellington Management Group LLP lifted its holdings in O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after buying an additional 728,040 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in O’Reilly Automotive by 205,600.0% during the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock worth $597,602,000 after buying an additional 503,720 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in O’Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock worth $5,393,000 after buying an additional 482,670 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in O’Reilly Automotive during the 4th quarter worth approximately $208,248,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.