O’Reilly Automotive’s (ORLY) “Hold” Rating Reiterated at Deutsche Bank AG
O’Reilly Automotive, Inc. (NASDAQ:ORLY)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank AG in a research report issued on Friday. They currently have a $190.00 price objective on the specialty retailer’s stock, down from their previous price objective of $272.00. Deutsche Bank AG’s target price would suggest a potential upside of 0.96% from the company’s previous close.
A number of other research analysts have also weighed in on the company. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Stephens set a $315.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. Atlantic Securities upgraded O’Reilly Automotive to an “overweight” rating and set a $307.00 price target for the company in a research note on Friday, April 7th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) upgraded O’Reilly Automotive from a “sell” rating to a “neutral” rating and reduced their price target for the company from $262.00 to $210.00 in a research note on Thursday, July 6th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. O’Reilly Automotive presently has an average rating of “Hold” and a consensus price target of $253.70.
O’Reilly Automotive (NASDAQ ORLY) traded down 0.26% during midday trading on Friday, hitting $188.19. The stock had a trading volume of 2,212,144 shares. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 17.15 and a beta of 0.76. O’Reilly Automotive has a 1-year low of $169.43 and a 1-year high of $292.84. The firm has a 50-day moving average price of $212.51 and a 200-day moving average price of $250.86.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results 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. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.22 billion. O’Reilly Automotive had a return on equity of 61.79% and a net margin of 12.10%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.59 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive will post $11.74 earnings per share for the current year.
O’Reilly Automotive declared that its board has approved a share repurchase program on Wednesday, May 10th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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In other news, Chairman David E. Oreilly sold 25,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chairman now owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Insiders have 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 owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Nikko Asset Management Americas Inc. purchased a new position in shares of O’Reilly Automotive during the first quarter worth about $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 worth $112,000 after buying an additional 5 shares during 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 worth $119,000 after buying an additional 93 shares during the last quarter. 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 worth $124,000 after buying an additional 263 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of O’Reilly Automotive during the first quarter worth about $177,000. 91.55% of the stock is owned by institutional investors and hedge funds.
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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