O’Reilly Automotive, Inc. (NASDAQ:ORLY)‘s stock had its “hold” rating reiterated by Robert W. Baird in a note issued to investors on Friday, October 27th. They currently have a $220.00 price target on the specialty retailer’s stock. Robert W. Baird’s price objective suggests a potential upside of 1.90% from the company’s previous close.
Other analysts have also recently issued reports about the company. UBS AG reissued a “buy” rating and issued a $255.00 price target (down from $320.00) on shares of O’Reilly Automotive in a report on Friday, July 7th. Oppenheimer Holdings, Inc. reduced their price target on O’Reilly Automotive from $300.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, July 20th. Bank of America Corporation cut O’Reilly Automotive from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $325.00 to $200.00 in a report on Friday, July 7th. Deutsche Bank AG reaffirmed a “hold” rating and set a $190.00 price objective (down from $272.00) on shares of O’Reilly Automotive in a report on Friday, July 21st. Finally, Wedbush reaffirmed a “neutral” rating and set a $195.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $243.48.
Shares of O’Reilly Automotive (NASDAQ:ORLY) traded up $1.72 during mid-day trading on Friday, hitting $215.89. The company’s stock had a trading volume of 1,116,200 shares, compared to its average volume of 1,329,203. O’Reilly Automotive has a one year low of $169.43 and a one year high of $286.57. The stock has a market cap of $18,210.38, a P/E ratio of 18.61, a P/E/G ratio of 1.26 and a beta of 0.80. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72.
O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.07. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $2.90 EPS. research analysts expect that O’Reilly Automotive will post 11.91 EPS for the current year.
O’Reilly Automotive declared that its Board of Directors has approved a share buyback program on Friday, September 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the sale, the director now owns 72,562 shares in the company, valued at $14,575,528.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Lee Ellis sold 900 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $215.27, for a total value of $193,743.00. Following the sale, the senior vice president now owns 1,256 shares in the company, valued at approximately $270,379.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,345 shares of company stock worth $3,755,572. 3.12% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings in shares of O’Reilly Automotive by 1.0% during the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 5 shares during the last quarter. Cypress Wealth Advisors LLC grew its holdings in O’Reilly Automotive by 1.3% in the 1st quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock worth $225,000 after buying an additional 11 shares in the last quarter. HL Financial Services LLC grew its holdings in O’Reilly Automotive by 1.4% in the 2nd quarter. HL Financial Services LLC now owns 2,005 shares of the specialty retailer’s stock worth $439,000 after buying an additional 27 shares in the last quarter. First Personal Financial Services grew its holdings in O’Reilly Automotive by 3.8% in the 2nd quarter. First Personal Financial Services now owns 1,049 shares of the specialty retailer’s stock worth $230,000 after buying an additional 38 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in O’Reilly Automotive by 1.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,053 shares of the specialty retailer’s stock worth $668,000 after buying an additional 42 shares in the last quarter. 97.98% of the stock is owned by institutional investors.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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