Oppenheimer began coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report released on Thursday, TipRanks reports. The firm issued a hold rating on the specialty retailer’s stock.
ORLY has been the topic of several other reports. Royal Bank of Canada boosted their target price on O’Reilly Automotive from $437.00 to $505.00 and gave the stock an outperform rating in a report on Tuesday, July 28th. Nomura Instinet boosted their target price on O’Reilly Automotive from $372.00 to $390.00 and gave the stock a neutral rating in a report on Wednesday, May 20th. Bank of America boosted their target price on O’Reilly Automotive from $375.00 to $415.00 and gave the stock a buy rating in a report on Monday, April 20th. UBS Group boosted their target price on O’Reilly Automotive from $430.00 to $470.00 and gave the stock a buy rating in a report on Friday, June 26th. Finally, Nomura Securities lowered their target price on O’Reilly Automotive from $360.00 to $350.00 and set a neutral rating on the stock in a report on Monday, April 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. O’Reilly Automotive presently has a consensus rating of Hold and a consensus target price of $441.42.
ORLY stock opened at $477.38 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.14 and a debt-to-equity ratio of 9.81. O’Reilly Automotive has a 12-month low of $251.51 and a 12-month high of $487.95. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.03 and a beta of 1.07. The business’s 50-day moving average is $428.48 and its 200 day moving average is $392.96.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.10 by $3.00. O’Reilly Automotive had a return on equity of 490.94% and a net margin of 14.45%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the firm posted $4.51 EPS. O’Reilly Automotive’s revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts forecast that O’Reilly Automotive will post 17.22 EPS for the current fiscal year.
In other news, SVP Carl David Wilbanks sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $445.82, for a total transaction of $4,458,200.00. Following the sale, the senior vice president now owns 10,807 shares of the company’s stock, valued at $4,817,976.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory D. Johnson sold 3,374 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total value of $1,350,612.20. Following the sale, the chief executive officer now directly owns 7,734 shares in the company, valued at approximately $3,095,920.20. The disclosure for this sale can be found here. In the last three months, insiders sold 25,213 shares of company stock worth $10,866,177. 2.43% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of ORLY. Asset Advisors Investment Management LLC purchased a new position in O’Reilly Automotive in the second quarter valued at $32,000. Meeder Asset Management Inc. increased its holdings in O’Reilly Automotive by 85.1% in the first quarter. Meeder Asset Management Inc. now owns 87 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 40 shares during the last quarter. Ellevest Inc. increased its holdings in O’Reilly Automotive by 100.0% in the first quarter. Ellevest Inc. now owns 88 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 44 shares during the last quarter. Paragon Capital Management LLC purchased a new position in O’Reilly Automotive in the first quarter valued at $30,000. Finally, Tarbox Family Office Inc. increased its holdings in O’Reilly Automotive by 514.3% in the second quarter. Tarbox Family Office Inc. now owns 129 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 108 shares during the last quarter. 81.97% of the stock is currently owned by institutional investors and hedge funds.
About O’Reilly Automotive
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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