O’Reilly Automotive (NASDAQ:ORLY) was downgraded by research analysts at Moffett Nathanson from a “buy” rating to a “neutral” rating in a research report issued on Monday.
Several other analysts have also recently weighed in on the stock. Wells Fargo & Co lifted their price target on shares of O’Reilly Automotive from $295.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, June 12th. They noted that the move was a valuation call. BidaskClub upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Friday, June 8th. ValuEngine upgraded shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Raymond James lifted their price target on shares of O’Reilly Automotive from $280.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, April 26th. Finally, Royal Bank of Canada cut their price target on shares of O’Reilly Automotive and set an “outperform” rating on the stock in a report on Tuesday, April 24th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive has a consensus rating of “Buy” and a consensus price target of $253.70.
NASDAQ:ORLY traded down $3.03 during trading hours on Monday, hitting $283.13. The company had a trading volume of 5,237 shares, compared to its average volume of 627,117. The stock has a market cap of $23.44 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 1.19 and a beta of 0.95. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $290.35. The company has a quick ratio of 0.11, a current ratio of 0.92 and a debt-to-equity ratio of 7.53.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 25th. The specialty retailer reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.03. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.28 billion. O’Reilly Automotive had a net margin of 12.89% and a return on equity of 175.10%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.60 earnings per share. analysts expect that O’Reilly Automotive will post 15.51 EPS for the current fiscal year.
In other news, Director Lawrence P. Oreilly sold 19,250 shares of O’Reilly Automotive stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $284.18, for a total value of $5,470,465.00. Following the completion of the transaction, the director now owns 136,740 shares of the company’s stock, valued at approximately $38,858,773.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman David E. Oreilly sold 30,000 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $259.60, for a total value of $7,788,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 212,870 shares of company stock worth $58,329,020. Company insiders own 3.12% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth about $148,000. Resources Investment Advisors Inc. raised its position in shares of O’Reilly Automotive by 66.5% in the 1st quarter. Resources Investment Advisors Inc. now owns 621 shares of the specialty retailer’s stock worth $154,000 after purchasing an additional 248 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of O’Reilly Automotive by 58.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 240 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in shares of O’Reilly Automotive in the 4th quarter worth about $183,000. Finally, Archford Capital Strategies LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth about $191,000. 87.60% of the stock is owned by hedge funds and other institutional investors.
O’Reilly Automotive Company Profile
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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.
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