O’Reilly Automotive (NASDAQ:ORLY) Downgraded to “Buy” at StockNews.com

StockNews.com downgraded shares of O’Reilly Automotive (NASDAQ:ORLY – Get Rating) from a strong-buy rating to a buy rating in a research report released on Monday morning.

Several other equities analysts have also recently weighed in on the stock. Stephens reaffirmed an overweight rating and set a $900.00 target price on shares of O’Reilly Automotive in a research note on Thursday, February 9th. UBS Group lifted their price target on shares of O’Reilly Automotive from $940.00 to $1,055.00 in a research note on Friday, April 28th. Barclays boosted their price objective on shares of O’Reilly Automotive from $815.00 to $868.00 in a research report on Monday, May 1st. Evercore ISI increased their target price on shares of O’Reilly Automotive from $945.00 to $950.00 in a research report on Tuesday, April 25th. Finally, Wedbush upped their price target on shares of O’Reilly Automotive from $820.00 to $920.00 in a research note on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of Moderate Buy and a consensus target price of $916.81.

O’Reilly Automotive Stock Up 0.6 %

Shares of O’Reilly Automotive stock opened at $946.64 on Monday. The company has a market cap of $58.53 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.96 and a beta of 0.88. The company’s 50 day moving average is $863.08 and its 200 day moving average is $838.99. O’Reilly Automotive has a twelve month low of $562.90 and a twelve month high of $947.15.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The specialty retailer reported $8.28 earnings per share for the quarter, topping the consensus estimate of $8.00 by $0.28. O’Reilly Automotive had a net margin of 14.90% and a negative return on equity of 176.66%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the firm earned $7.17 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Sell-side analysts expect that O’Reilly Automotive will post 37.15 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 740 shares of the firm’s stock in a transaction dated Friday, April 14th. The shares were sold at an average price of $890.00, for a total value of $658,600.00. Following the transaction, the senior vice president now directly owns 773 shares of the company’s stock, valued at $687,970. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Jeffrey Alan Lauro sold 740 shares of the firm’s stock in a transaction that occurred on Friday, April 14th. The shares were sold at an average price of $890.00, for a total transaction of $658,600.00. Following the completion of the sale, the senior vice president now owns 773 shares in the company, valued at approximately $687,970. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David E. Oreilly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $925.55, for a total transaction of $4,627,750.00. Following the sale, the chairman now owns 56,757 shares of the company’s stock, valued at approximately $52,531,441.35. The disclosure for this sale can be found here. Insiders have sold a total of 34,159 shares of company stock valued at $31,637,897 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently bought and sold shares of ORLY. Monte Financial Group LLC increased its stake in shares of O’Reilly Automotive by 1.7% during the first quarter. Monte Financial Group LLC now owns 719 shares of the specialty retailer’s stock worth $610,000 after acquiring an additional 12 shares during the period. Verdence Capital Advisors LLC raised its stake in O’Reilly Automotive by 3.5% during the first quarter. Verdence Capital Advisors LLC now owns 357 shares of the specialty retailer’s stock worth $303,000 after purchasing an additional 12 shares during the period. Brighton Jones LLC raised its stake in O’Reilly Automotive by 4.3% during the first quarter. Brighton Jones LLC now owns 293 shares of the specialty retailer’s stock worth $249,000 after purchasing an additional 12 shares during the period. Riverview Trust Co increased its position in shares of O’Reilly Automotive by 56.5% in the third quarter. Riverview Trust Co now owns 36 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its holdings in O’Reilly Automotive by 3.2% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 423 shares of the specialty retailer’s stock valued at $357,000 after purchasing an additional 13 shares in the last quarter. 90.50% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

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O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.