O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $515.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by UBS Group from $470.00 to $515.00 in a report published on Thursday, The Fly reports. UBS Group currently has a buy rating on the specialty retailer’s stock.

A number of other analysts also recently commented on ORLY. Stephens reiterated an overweight rating and issued a $380.00 price objective (up previously from $350.00) on shares of O’Reilly Automotive in a report on Thursday, April 16th. Royal Bank of Canada increased their price objective on shares of O’Reilly Automotive from $437.00 to $505.00 and gave the company an outperform rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on shares of O’Reilly Automotive from $380.00 to $460.00 and gave the company a neutral rating in a report on Wednesday. Wells Fargo & Co reiterated a buy rating and issued a $525.00 price objective (up previously from $475.00) on shares of O’Reilly Automotive in a report on Wednesday. Finally, Nomura Securities cut their price target on shares of O’Reilly Automotive from $360.00 to $350.00 and set a neutral rating for the company in a report on Monday, April 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $441.42.

O’Reilly Automotive stock traded down $3.14 during midday trading on Thursday, reaching $477.38. The company had a trading volume of 656,013 shares, compared to its average volume of 581,051. The company has a market capitalization of $35.43 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.03 and a beta of 1.07. O’Reilly Automotive has a 12-month low of $251.51 and a 12-month high of $487.95. The firm’s fifty day simple moving average is $428.48 and its 200-day simple moving average is $392.96. The company has a debt-to-equity ratio of 9.81, a current ratio of 0.95 and a quick ratio of 0.14.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $7.10 EPS for the quarter, beating the Zacks’ consensus estimate of $4.10 by $3.00. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.60 billion. O’Reilly Automotive had a net margin of 14.45% and a return on equity of 490.94%. O’Reilly Automotive’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.51 EPS. On average, analysts expect that O’Reilly Automotive will post 17.22 EPS for the current fiscal year.

In other O’Reilly Automotive news, CEO Gregory D. Johnson sold 3,374 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $400.30, for a total value of $1,350,612.20. Following the completion of the transaction, the chief executive officer now owns 7,734 shares of the company’s stock, valued at approximately $3,095,920.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carl David Wilbanks sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $445.82, for a total transaction of $4,458,200.00. Following the completion of the transaction, the senior vice president now directly owns 10,807 shares of the company’s stock, valued at approximately $4,817,976.74. The disclosure for this sale can be found here. Insiders sold a total of 25,213 shares of company stock valued at $10,866,177 in the last quarter. 2.43% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. boosted its position in O’Reilly Automotive by 1.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,839 shares of the specialty retailer’s stock valued at $775,000 after buying an additional 24 shares during the period. Oppenheimer Asset Management Inc. boosted its position in O’Reilly Automotive by 0.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,545 shares of the specialty retailer’s stock valued at $1,068,000 after buying an additional 30 shares during the period. Eads & Heald Wealth Management boosted its position in O’Reilly Automotive by 0.7% in the 1st quarter. Eads & Heald Wealth Management now owns 4,753 shares of the specialty retailer’s stock valued at $1,431,000 after buying an additional 33 shares during the period. Hardy Reed LLC boosted its position in O’Reilly Automotive by 4.1% in the 1st quarter. Hardy Reed LLC now owns 898 shares of the specialty retailer’s stock valued at $270,000 after buying an additional 35 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in O’Reilly Automotive by 20.2% in the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 36 shares during the period. 81.97% of the stock is owned by 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, 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.

See Also: Hold Rating

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