UBS Group Raises O’Reilly Automotive (NASDAQ:ORLY) Price Target to $470.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective raised by UBS Group from $430.00 to $470.00 in a report published on Friday morning, Benzinga reports. UBS Group currently has a buy rating on the specialty retailer’s stock.

Several other research analysts have also recently weighed in on the company. Nomura increased their price objective on O’Reilly Automotive from $372.00 to $390.00 in a research report on Wednesday, May 20th. Bank of America increased their price objective on O’Reilly Automotive from $375.00 to $415.00 and gave the stock a buy rating in a research report on Monday, April 20th. Oppenheimer restated a hold rating on shares of O’Reilly Automotive in a research report on Friday, April 24th. Wells Fargo & Co raised their price target on O’Reilly Automotive from $425.00 to $450.00 and gave the stock an overweight rating in a research report on Friday, May 8th. Finally, Royal Bank of Canada raised their price target on O’Reilly Automotive from $330.00 to $409.00 and gave the stock an outperform rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $405.47.

Shares of O’Reilly Automotive stock opened at $422.39 on Friday. The company has a debt-to-equity ratio of 56.35, a current ratio of 0.91 and a quick ratio of 0.14. The company has a market capitalization of $30.84 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.83 and a beta of 1.06. The business has a fifty day simple moving average of $413.39 and a two-hundred day simple moving average of $393.77. O’Reilly Automotive has a 1 year low of $251.51 and a 1 year high of $454.31.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 22nd. The specialty retailer reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.86 by $0.11. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.47 billion. O’Reilly Automotive had a return on equity of 670.84% and a net margin of 13.41%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.05 EPS. As a group, equities analysts anticipate that O’Reilly Automotive will post 16.34 earnings per share for the current fiscal year.

In other news, CEO Gregory D. Johnson sold 3,374 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total transaction of $1,350,612.20. Following the sale, the chief executive officer now directly owns 7,734 shares of the company’s stock, valued at $3,095,920.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 10,000 shares of O’Reilly Automotive stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $425.74, for a total value of $4,257,400.00. Following the sale, the senior vice president now directly owns 10,807 shares in the company, valued at $4,600,972.18. The disclosure for this sale can be found here. Insiders have sold 22,540 shares of company stock worth $9,055,986 over the last three months. Insiders own 2.43% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of O’Reilly Automotive by 3.2% in the first quarter. JPMorgan Chase & Co. now owns 3,770,859 shares of the specialty retailer’s stock worth $1,135,217,000 after acquiring an additional 116,940 shares during the period. Principal Financial Group Inc. lifted its stake in shares of O’Reilly Automotive by 14.7% in the first quarter. Principal Financial Group Inc. now owns 1,865,913 shares of the specialty retailer’s stock worth $561,733,000 after acquiring an additional 238,435 shares during the period. Geode Capital Management LLC lifted its stake in shares of O’Reilly Automotive by 1.3% in the first quarter. Geode Capital Management LLC now owns 1,281,756 shares of the specialty retailer’s stock worth $385,220,000 after acquiring an additional 16,016 shares during the period. Bank of America Corp DE lifted its stake in shares of O’Reilly Automotive by 4.9% in the fourth quarter. Bank of America Corp DE now owns 1,112,607 shares of the specialty retailer’s stock worth $487,611,000 after acquiring an additional 51,632 shares during the period. Finally, Norges Bank acquired a new position in shares of O’Reilly Automotive in the fourth quarter worth approximately $335,631,000. 82.05% of the stock is currently owned by hedge funds and other institutional investors.

About O’Reilly Automotive

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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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