Moffett Nathanson began coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating on the specialty retailer’s stock.
Several other analysts have also recently commented on ORLY. Oppenheimer reiterated a buy rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. Robert W. Baird reiterated a hold rating and issued a $220.00 target price on shares of O’Reilly Automotive in a report on Friday, October 27th. UBS reiterated a buy rating and issued a $240.00 target price (up from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. Credit Suisse Group set a $193.00 target price on O’Reilly Automotive and gave the company a hold rating in a report on Thursday, October 26th. Finally, Citigroup upped their target price on O’Reilly Automotive from $276.00 to $283.00 and gave the company a buy rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. O’Reilly Automotive presently has an average rating of Buy and a consensus target price of $243.48.
O’Reilly Automotive (NASDAQ:ORLY) traded down $4.38 during trading on Monday, hitting $245.83. The stock had a trading volume of 1,000,500 shares, compared to its average volume of 1,311,909. O’Reilly Automotive has a one year low of $169.43 and a one year high of $286.57. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10. The firm has a market capitalization of $21,274.78, a P/E ratio of 21.74, a P/E/G ratio of 1.48 and a beta of 0.84.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.15 by $0.07. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm posted $2.90 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. equities research analysts predict that O’Reilly Automotive will post 11.91 EPS for the current fiscal year.
O’Reilly Automotive declared that its board has initiated a share repurchase program on Friday, September 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other O’Reilly Automotive news, SVP Scott E. Kraus sold 8,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $237.84, for a total transaction of $2,021,640.00. Following the transaction, the senior vice president now directly owns 4,959 shares in the company, valued at approximately $1,179,448.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas Mcfall sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 149,945 shares of company stock worth $33,756,392 over the last 90 days. Company insiders own 3.12% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of O’Reilly Automotive by 9.1% in the 2nd quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock worth $1,359,092,000 after purchasing an additional 520,626 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of O’Reilly Automotive by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock worth $1,334,868,000 after purchasing an additional 66,172 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of O’Reilly Automotive by 66.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after purchasing an additional 1,251,237 shares in the last quarter. Polen Capital Management LLC lifted its holdings in shares of O’Reilly Automotive by 29.4% in the 3rd quarter. Polen Capital Management LLC now owns 2,672,521 shares of the specialty retailer’s stock worth $575,581,000 after purchasing an additional 607,076 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of O’Reilly Automotive by 45.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock worth $556,331,000 after purchasing an additional 809,647 shares in the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.
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O’Reilly Automotive Company Profile
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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