Zacks Investment Research cut shares of O'Reilly Automotive (NASDAQ:ORLY) from a buy rating to a hold rating in a research report sent to investors on Friday, December 29th.
According to Zacks, “O’Reilly has been taking several initiatives to expand its presence in the United States and other contiguous markets. In the first nine-months of 2017, the company opened 162 new stores the United States. Further, it has plans to open 200 more outlets in 2018. It has also been acquiring businesses to expand its presence. It has also provided a positive earnings outlook for fiscal 2017. In the last three months, shares of O’Reilly have outperformed against the industry it belongs to. However, few headwinds the company has been facing include high fixed costs, increasing wage rates and increased investments. Also, a huge inventory is hampering the short-term liquidity of the company in periods of low sales.”
Other research analysts also recently issued research reports about the stock. Bank of America restated a buy rating and set a $250.00 price objective on shares of O'Reilly Automotive in a report on Tuesday, September 5th. BidaskClub lowered shares of O'Reilly Automotive from a sell rating to a strong sell rating in a research report on Tuesday, December 19th. Moffett Nathanson started coverage on shares of O'Reilly Automotive in a research report on Monday, December 4th. They set a buy rating on the stock. Citigroup lifted their target price on shares of O'Reilly Automotive from $276.00 to $283.00 and gave the company a buy rating in a research report on Friday, October 27th. Finally, Robert W. Baird reiterated a hold rating and set a $220.00 target price on shares of O'Reilly Automotive in a research report on Friday, October 27th. Twelve investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $249.45.
O'Reilly Automotive (ORLY) opened at $258.60 on Friday. The company has a market cap of $22,070.00, a price-to-earnings ratio of 22.01, a P/E/G ratio of 1.32 and a beta of 0.84. O'Reilly Automotive has a twelve month low of $169.43 and a twelve month high of $282.83. 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 posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.07. O'Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $2.90 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. analysts expect that O'Reilly Automotive will post 11.89 earnings per share for the current fiscal year.
In related news, Director Paul R. Lederer sold 1,130 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $211.00, for a total transaction of $238,430.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas Mcfall sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. The disclosure for this sale can be found here. Insiders have sold 159,945 shares of company stock worth $36,282,766 over the last quarter. 3.12% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in O'Reilly Automotive by 9.1% in the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock valued at $1,359,092,000 after purchasing an additional 520,626 shares in the last quarter. Vanguard Group Inc. increased its stake in O'Reilly Automotive by 1.1% in the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock valued at $1,334,868,000 after purchasing an additional 66,172 shares in the last quarter. JPMorgan Chase & Co. increased its stake in O'Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after purchasing an additional 1,251,237 shares in the last quarter. Polen Capital Management LLC increased its stake in O'Reilly Automotive by 29.4% in the third quarter. Polen Capital Management LLC now owns 2,672,521 shares of the specialty retailer’s stock valued at $575,581,000 after purchasing an additional 607,076 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in O'Reilly Automotive by 45.7% in the third quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock valued at $556,331,000 after purchasing an additional 809,647 shares in the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.
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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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