O'Reilly Automotive Inc (NASDAQ:ORLY) was downgraded by investment analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, Marketbeat Ratings reports.

ORLY has been the topic of a number of other research reports. UBS AG reissued a “buy” rating and set a $255.00 price target (down previously from $320.00) on shares of O'Reilly Automotive in a research note on Friday. Deutsche Bank AG reduced their price target on O'Reilly Automotive from $272.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday. Goldman Sachs Group, Inc. (The) raised O'Reilly Automotive from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $262.00 to $210.00 in a research note on Thursday. Credit Suisse Group lowered O'Reilly Automotive from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $262.00 to $195.00 in a research note on Thursday. Finally, Morgan Stanley lowered O'Reilly Automotive from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $200.00 to $195.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $261.57.

Shares of O'Reilly Automotive (ORLY) traded down 2.08% during trading on Friday, reaching $172.85. The company had a trading volume of 4,485,917 shares. O'Reilly Automotive has a 12 month low of $170.68 and a 12 month high of $292.84. The firm has a market capitalization of $15.73 billion, a P/E ratio of 15.76 and a beta of 0.76. The firm’s 50 day moving average price is $237.55 and its 200 day moving average price is $260.49. O'Reilly Automotive also was the recipient of some unusual options trading on Wednesday. Investors bought 112 call options on the company. This represents an increase of approximately 367% compared to the typical daily volume of 24 call options.

O'Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.88 by $0.28. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.22 billion. O'Reilly Automotive had a net margin of 12.29% and a return on equity of 69.69%. O'Reilly Automotive’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.59 EPS. Equities analysts predict that O'Reilly Automotive will post $12.09 EPS for the current year.

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In related news, Director John Raymond Murphy sold 600 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total value of $148,062.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the completion of the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at $2,017,657.76. The disclosure for this sale can be found here. Insiders sold a total of 26,640 shares of company stock worth $6,639,552 over the last ninety days. Corporate insiders own 3.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in O'Reilly Automotive during the fourth quarter valued at approximately $103,000. Nikko Asset Management Americas Inc. bought a new position in O'Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust raised its position in 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 during the period. Proficio Capital Partners LLC raised its position in 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 during the period. Finally, FTB Advisors Inc. raised its position in 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 during the period. 92.20% of the stock is currently owned by institutional investors.

O'Reilly Automotive Company Profile

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.

Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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