O'Reilly Automotive’s (ORLY) “Buy” Rating Reaffirmed at Credit Suisse Group
O'Reilly Automotive Inc (NASDAQ:ORLY)‘s stock had its “buy” rating reaffirmed by equities researchers at Credit Suisse Group in a research note issued to investors on Wednesday. They currently have a $262.00 price target on the specialty retailer’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 11.71% from the stock’s current price.
Other research analysts also recently issued reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $302.00 price target on shares of O'Reilly Automotive in a report on Wednesday, May 24th. Zacks Investment Research upgraded O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Atlantic Securities upgraded O'Reilly Automotive to an “overweight” rating and set a $307.00 price target on the stock in a report on Friday, April 7th. They noted that the move was a valuation call. Stephens set a $315.00 price target on O'Reilly Automotive and gave the company a “buy” rating in a report on Friday, April 28th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O'Reilly Automotive in a report on Thursday, June 8th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $300.89.
Shares of O'Reilly Automotive (ORLY) traded down 0.17% during trading on Wednesday, hitting $234.13. The company had a trading volume of 514,075 shares. O'Reilly Automotive has a 1-year low of $228.69 and a 1-year high of $292.84. The company’s 50 day moving average is $247.42 and its 200 day moving average is $264.83. The firm has a market capitalization of $21.31 billion, a P/E ratio of 21.34 and a beta of 0.64.
O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, April 26th. The specialty retailer reported $2.60 EPS for the quarter, missing the consensus estimate of $2.88 by $0.28. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.22 billion. O'Reilly Automotive had a return on equity of 69.69% and a net margin of 12.29%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 earnings per share. Analysts anticipate that O'Reilly Automotive will post $12.26 earnings per share for the current fiscal year.
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In other news, Chairman David E. Oreilly sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the transaction, the chairman now directly owns 145,568 shares in the company, valued at approximately $36,473,518.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Raymond Murphy sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total value of $148,062.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,600 shares of company stock valued at $10,537,062. 3.12% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of O'Reilly Automotive during the fourth quarter valued at $103,000. Nikko Asset Management Americas Inc. bought a new position in shares of O'Reilly Automotive during the first quarter valued at $108,000. Parkside Financial Bank & Trust boosted its position in shares of O'Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of O'Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares in the last quarter. Finally, FTB Advisors Inc. boosted its position in shares of O'Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.
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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