O’Reilly Automotive, Inc. (NASDAQ:ORLY)‘s stock had its “buy” rating restated by equities researchers at UBS AG in a report issued on Tuesday, www.flashratings.com reports. They presently have a $230.00 price objective on the specialty retailer’s stock, down from their previous price objective of $255.00. UBS AG’s price objective would indicate a potential upside of 23.09% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on ORLY. Northcoast Research upgraded shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 target price for the company in a research report on Tuesday, July 18th. They noted that the move was a valuation call. Wedbush reiterated a “neutral” rating on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Deutsche Bank AG reiterated a “hold” rating and set a $190.00 target price (down previously from $272.00) on shares of O’Reilly Automotive in a research report on Friday. Morgan Stanley cut shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $200.00 to $195.00 in a research report on Thursday, July 6th. Finally, Bank of America Corporation cut shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $325.00 to $200.00 in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $252.56.

O’Reilly Automotive (NASDAQ ORLY) traded up 1.31% on Tuesday, reaching $186.85. 1,955,066 shares of the company’s stock were exchanged. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 17.03 and a beta of 0.76. The firm has a 50-day moving average of $209.11 and a 200-day moving average of $249.24. O’Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $292.84.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by $0.28. The firm 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 company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.59 EPS. On average, equities analysts expect that O’Reilly Automotive will post $11.74 earnings per share for the current year.

O’Reilly Automotive declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows 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 shares are undervalued.

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In related news, Chairman David E. Oreilly sold 25,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following 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 can be accessed through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total transaction of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at approximately $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 in the last ninety days. Insiders own 3.12% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parametrica Management Ltd purchased a new position in O’Reilly Automotive during the second quarter valued at $291,000. Russell Investments Group Ltd. raised its position in O’Reilly Automotive by 7.0% in the second quarter. Russell Investments Group Ltd. now owns 214,962 shares of the specialty retailer’s stock valued at $47,017,000 after buying an additional 14,012 shares during the last quarter. Harvey Investment Co. LLC raised its position in O’Reilly Automotive by 0.7% in the second quarter. Harvey Investment Co. LLC now owns 115,464 shares of the specialty retailer’s stock valued at $25,257,000 after buying an additional 770 shares during the last quarter. PGGM Investments raised its position in O’Reilly Automotive by 127.9% in the second quarter. PGGM Investments now owns 182,420 shares of the specialty retailer’s stock valued at $39,903,000 after buying an additional 102,383 shares during the last quarter. Finally, Gilbert & Cook Inc. purchased a new position in O’Reilly Automotive during the second quarter valued at $365,000. 92.22% of the stock is currently owned by institutional investors and hedge funds.

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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