O’Reilly Automotive, Inc. (NASDAQ:ORLY) saw a significant decrease in short interest in the month of July. As of July 14th, there was short interest totalling 6,134,907 shares, a decrease of 30.0% from the June 30th total of 8,759,782 shares. Approximately 6.9% of the shares of the company are sold short. Based on an average daily volume of 4,006,548 shares, the days-to-cover ratio is currently 1.5 days.

In related news, Chairman David E. Oreilly sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 145,568 shares of the company’s stock, valued at $36,473,518.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Raymond Murphy sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total transaction of $148,062.00. The disclosure for this sale can be found here. Insiders sold 26,640 shares of company stock worth $6,639,552 over the last three months. Insiders own 3.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Nikko Asset Management Americas Inc. purchased a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust increased 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 during the period. Proficio Capital Partners LLC increased 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 during the period. FTB Advisors Inc. increased 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 during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $177,000. Hedge funds and other institutional investors own 92.22% of the company’s stock.

A number of equities analysts recently commented on ORLY shares. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $210.00 price target (down from $295.00) on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Morgan Stanley lowered shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $200.00 to $195.00 in a research report on Thursday, July 6th. Deutsche Bank AG lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and lowered their price target for the stock from $315.00 to $273.00 in a research report on Tuesday, April 25th. Royal Bank Of Canada lowered their price target on shares of O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 25th. Finally, Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $249.61.

O’Reilly Automotive (NASDAQ ORLY) opened at 201.31 on Friday. The company has a market cap of $18.32 billion, a price-to-earnings ratio of 18.35 and a beta of 0.76. O’Reilly Automotive has a one year low of $169.43 and a one year high of $291.91. The company has a 50-day moving average of $205.26 and a 200-day moving average of $247.76.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, topping the consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 EPS. Equities research analysts expect that O’Reilly Automotive will post $11.74 EPS for the current fiscal year.

O’Reilly Automotive declared that its Board of Directors has approved a stock repurchase program on Wednesday, May 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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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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