O’Reilly Automotive (NASDAQ:ORLY) Given “Buy” Rating at Roth Mkm

Roth Mkm restated their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report released on Wednesday morning, Marketbeat reports. The brokerage currently has a $1,337.00 price objective on the specialty retailer’s stock.

Other research analysts have also recently issued research reports about the company. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Evercore ISI raised their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, DA Davidson increased their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,206.87.

O’Reilly Automotive Trading Up 0.6 %

ORLY stock opened at $1,210.96 on Wednesday. The firm’s 50-day moving average is $1,142.14 and its two-hundred day moving average is $1,078.73. The company has a market capitalization of $71.32 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,221.05.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $10.22 EPS. On average, equities research analysts predict that O’Reilly Automotive will post 41.1 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares in the company, valued at approximately $5,698,978.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 in the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently added to or reduced their stakes in ORLY. JPMorgan Chase & Co. grew its position in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after acquiring an additional 376,167 shares in the last quarter. Global Assets Advisory LLC bought a new stake in O’Reilly Automotive in the first quarter worth $108,456,000. CCLA Investment Management acquired a new position in O’Reilly Automotive during the first quarter worth $95,481,000. Marshall Wace LLP raised its holdings in O’Reilly Automotive by 809.8% during the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after buying an additional 80,978 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of O’Reilly Automotive by 4.5% in the first quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock worth $2,024,604,000 after buying an additional 76,517 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

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.