O’Reilly Automotive, Inc. (ORLY) Stock Rating Reaffirmed by UBS AG
O’Reilly Automotive, Inc. (NASDAQ:ORLY)‘s stock had its “buy” rating reiterated by analysts at UBS AG in a report issued on Thursday, www.benzinga.com reports. They currently have a $240.00 price target on the specialty retailer’s stock, up from their prior price target of $230.00. UBS AG’s price objective would indicate a potential upside of 14.67% from the company’s current price.
ORLY has been the topic of a number of other reports. Wedbush reissued a “neutral” rating on shares of O’Reilly Automotive in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $220.00 price objective on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada dropped their price objective on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a report on Thursday, July 6th. BidaskClub lowered shares of O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) raised shares of O’Reilly Automotive from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $262.00 to $210.00 in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $242.74.
Shares of O’Reilly Automotive (ORLY) traded down 1.73% during mid-day trading on Thursday, reaching $209.30. The company’s stock had a trading volume of 1,734,596 shares. The firm’s 50 day moving average is $207.69 and its 200 day moving average is $220.40. O’Reilly Automotive has a one year low of $169.43 and a one year high of $286.57. The firm has a market cap of $18.42 billion, a PE ratio of 18.33 and a beta of 0.78.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company earned $2.65 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that O’Reilly Automotive will post $11.87 earnings per share for the current fiscal year.
O’Reilly Automotive declared that its Board of Directors has initiated a share buyback plan on Friday, September 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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In related news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.19, for a total value of $205,077.60. Following the completion of the transaction, the senior vice president now owns 9,238 shares in the company, valued at approximately $1,821,641.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence P. Oreilly sold 5,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.40, for a total transaction of $987,000.00. Following the completion of the transaction, the director now owns 142,754 shares of the company’s stock, valued at approximately $28,179,639.60. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock valued at $3,684,364 in the last quarter. 3.12% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Brant Point Investment Management LLC boosted its position in shares of O’Reilly Automotive by 18.5% during the 1st quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock valued at $7,686,000 after purchasing an additional 4,450 shares in the last quarter. Principal Financial Group Inc. lifted its stake in O’Reilly Automotive by 14.6% during the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock valued at $387,935,000 after buying an additional 226,450 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in O’Reilly Automotive during the second quarter valued at about $3,667,000. Schwab Charles Investment Management Inc. lifted its stake in O’Reilly Automotive by 5.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 303,223 shares of the specialty retailer’s stock valued at $66,327,000 after buying an additional 14,745 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in O’Reilly Automotive by 2,327.8% during 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 in the last quarter. Institutional investors own 96.57% of the company’s stock.
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.
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