O’Reilly Automotive, Inc. (NASDAQ:ORLY)‘s stock had its “hold” rating restated by research analysts at Robert W. Baird in a research note issued on Friday, October 27th. They presently have a $220.00 price objective on the specialty retailer’s stock. Robert W. Baird’s price target would indicate a potential upside of 2.60% from the company’s current price.
Other analysts have also recently issued reports about the company. UBS AG reiterated a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of O’Reilly Automotive in a research note on Thursday, October 19th. Barclays PLC set a $234.00 target price on O’Reilly Automotive and gave the company an “overweight” rating in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. 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, Royal Bank of Canada dropped their price objective on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. O’Reilly Automotive currently has an average rating of “Hold” and a consensus price target of $243.48.
O’Reilly Automotive (NASDAQ ORLY) traded up $3.34 during trading hours on Friday, reaching $214.43. The company’s stock had a trading volume of 851,000 shares, compared to its average volume of 1,332,907. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.72. The stock has a market cap of $17,948.50, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.25 and a beta of 0.80. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $286.57.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm posted $2.90 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. analysts anticipate that O’Reilly Automotive will post 11.91 earnings per share for the current year.
O’Reilly Automotive announced that its Board of Directors has initiated a stock buyback plan on Friday, September 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
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In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 5,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.40, for a total value of $987,000.00. Following the transaction, the director now owns 142,754 shares in the company, valued at approximately $28,179,639.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.19, for a total transaction of $205,077.60. Following the completion of the transaction, the senior vice president now owns 9,238 shares in the company, valued at approximately $1,821,641.22. The disclosure for this sale can be found here. Insiders have sold a total of 14,620 shares of company stock valued at $2,959,471 over the last three months. Corporate insiders own 3.12% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at about $100,000. Monetary Management Group Inc. raised its stake in shares of O’Reilly Automotive by 16.3% in the 2nd quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock valued at $102,000 after purchasing an additional 65 shares in the last quarter. Barrett Asset Management LLC raised its stake in shares of O’Reilly Automotive by 261.5% in the 2nd quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 340 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of O’Reilly Automotive by 1.0% in the 2nd 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 in the last quarter. Finally, Amica Retiree Medical Trust acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at about $107,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.
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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