O’Reilly Automotive, Inc. (NASDAQ:ORLY) Given New $220.00 Price Target at Oppenheimer Holdings, Inc.
O’Reilly Automotive, Inc. (NASDAQ:ORLY) had its target price lowered by stock analysts at Oppenheimer Holdings, Inc. from $300.00 to $220.00 in a research note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 17.70% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. Barclays PLC set a $234.00 target price on O’Reilly Automotive and gave the company an “overweight” rating in a report on Thursday, July 6th. UBS AG downgraded O’Reilly Automotive from a “positive” rating to a “neutral” rating in a report on Tuesday, June 20th. Royal Bank Of Canada reduced their target price on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a report on Thursday, July 6th. Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Monday, April 24th. Finally, Raymond James Financial, Inc. reduced their target price on O’Reilly Automotive from $310.00 to $250.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. O’Reilly Automotive has an average rating of “Hold” and an average price target of $253.70.
O’Reilly Automotive (ORLY) traded up 1.13% during trading on Thursday, reaching $189.03. 1,167,219 shares of the company’s stock were exchanged. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of 17.23 and a beta of 0.76. The stock has a 50-day moving average price of $214.04 and a 200 day moving average price of $251.31. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $292.84.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by $0.28. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the business earned $2.59 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts forecast that O’Reilly Automotive will post $11.77 earnings per share for the current fiscal year.
O’Reilly Automotive declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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In related news, SVP Randy Johnson sold 1,040 shares of the business’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 owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David E. Oreilly sold 25,000 shares of O’Reilly Automotive stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the completion of the sale, the chairman now owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Insiders sold a total of 26,640 shares of company stock valued at $6,639,552 in the last three months. 3.12% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock valued at $1,628,852,000 after buying an additional 21,454 shares during the period. BlackRock Inc. boosted its stake in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares during the period. JPMorgan Chase & Co. boosted its stake in O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock valued at $505,202,000 after buying an additional 26,678 shares during the period. American Century Companies Inc. boosted its stake in O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock valued at $457,502,000 after buying an additional 8,988 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in O’Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock valued at $417,454,000 after buying an additional 9,846 shares during the period. Institutional investors own 91.55% 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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