O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its price objective lifted by Evercore ISI from $1,265.00 to $1,275.00 in a report published on Thursday, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer's stock.
Several other brokerages have also recently weighed in on ORLY. Wedbush reaffirmed a neutral rating and issued a $1,100.00 price target on shares of O'Reilly Automotive in a research report on Thursday, April 25th. Wells Fargo & Company decreased their price objective on shares of O'Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating for the company in a research note on Thursday, April 25th. StockNews.com lowered shares of O'Reilly Automotive from a buy rating to a hold rating in a research note on Friday, May 3rd. UBS Group increased their price objective on shares of O'Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Finally, Mizuho started coverage on shares of O'Reilly Automotive in a research note on Tuesday, March 19th. They issued a buy rating and a $1,225.00 price objective for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $1,123.64.
View Our Latest Analysis on ORLY
O'Reilly Automotive Trading Up 2.3 %
NASDAQ ORLY traded up $23.92 during trading hours on Thursday, hitting $1,080.57. The company's stock had a trading volume of 722,888 shares, compared to its average volume of 395,863. O'Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,169.11. The company has a market capitalization of $63.63 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.94 and a beta of 0.89. The company's 50-day simple moving average is $1,019.71 and its two-hundred day simple moving average is $1,029.48.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.99 billion. During the same quarter last year, the firm earned $8.28 EPS. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts anticipate that O'Reilly Automotive will post 41.93 EPS for the current fiscal year.
Insider Transactions at O'Reilly Automotive
In related news, CEO Brad W. Beckham sold 6,032 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Brad W. Beckham sold 6,032 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares of the company's stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in O'Reilly Automotive in the 4th quarter valued at $671,384,000. International Assets Investment Management LLC boosted its holdings in O'Reilly Automotive by 89,319.3% in the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer's stock valued at $621,025,000 after purchasing an additional 652,924 shares during the period. Wellington Management Group LLP boosted its holdings in O'Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer's stock valued at $434,780,000 after purchasing an additional 397,108 shares during the period. JPMorgan Chase & Co. boosted its holdings in O'Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer's stock valued at $1,180,259,000 after purchasing an additional 376,167 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in O'Reilly Automotive by 15.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer's stock valued at $1,587,784,000 after purchasing an additional 183,296 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
About O'Reilly Automotive
(Get Free Report)
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.
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