O’Reilly Automotive (ORLY) Given New $375.00 Price Target at Jefferies Financial Group

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by Jefferies Financial Group from $350.00 to $375.00 in a research report sent to investors on Friday morning. They currently have a buy rating on the specialty retailer’s stock. Jefferies Financial Group also issued estimates for O’Reilly Automotive’s FY2018 earnings at $16.01 EPS, Q1 2019 earnings at $4.20 EPS, Q2 2019 earnings at $4.60 EPS, Q3 2019 earnings at $4.67 EPS, Q4 2019 earnings at $4.33 EPS and FY2019 earnings at $17.80 EPS.

ORLY has been the subject of a number of other reports. Oppenheimer lifted their price target on shares of O’Reilly Automotive from $305.00 to $360.00 and gave the company an outperform rating in a research report on Wednesday, August 8th. Royal Bank of Canada lifted their price target on shares of O’Reilly Automotive to $335.00 and gave the company an outperform rating in a research report on Friday, July 27th. BidaskClub raised shares of O’Reilly Automotive from a buy rating to a strong-buy rating in a research report on Thursday, October 11th. JPMorgan Chase & Co. raised shares of O’Reilly Automotive from a neutral rating to an overweight rating and set a $398.00 price target for the company in a research report on Friday, October 19th. Finally, Credit Suisse Group lifted their price target on shares of O’Reilly Automotive from $274.00 to $294.00 and gave the company a neutral rating in a research report on Thursday, July 26th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $340.00.

Shares of ORLY opened at $326.08 on Friday. The stock has a market cap of $26.27 billion, a PE ratio of 27.54, a P/E/G ratio of 1.29 and a beta of 0.98. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.11 and a current ratio of 0.91. O’Reilly Automotive has a 1-year low of $205.65 and a 1-year high of $351.65.



O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.19. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.49 billion. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. Research analysts expect that O’Reilly Automotive will post 16.1 EPS for the current year.

In other O’Reilly Automotive news, CFO Thomas Mcfall sold 30,000 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $305.21, for a total value of $9,156,300.00. Following the completion of the transaction, the chief financial officer now directly owns 35,438 shares of the company’s stock, valued at $10,816,031.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brad W. Beckham sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $305.35, for a total transaction of $1,526,750.00. Following the completion of the transaction, the executive vice president now directly owns 5,428 shares of the company’s stock, valued at $1,657,439.80. The disclosure for this sale can be found here. Insiders sold 137,181 shares of company stock valued at $43,458,132 over the last ninety days. Corporate insiders own 3.12% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Polen Capital Management LLC raised its holdings in O’Reilly Automotive by 1.8% in the second quarter. Polen Capital Management LLC now owns 2,835,262 shares of the specialty retailer’s stock worth $775,643,000 after buying an additional 48,778 shares during the last quarter. Principal Financial Group Inc. raised its holdings in O’Reilly Automotive by 1.5% in the first quarter. Principal Financial Group Inc. now owns 2,615,556 shares of the specialty retailer’s stock worth $647,037,000 after buying an additional 37,570 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in O’Reilly Automotive by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,441,213 shares of the specialty retailer’s stock worth $394,273,000 after buying an additional 62,889 shares during the last quarter. American Century Companies Inc. raised its holdings in O’Reilly Automotive by 10.5% in the second quarter. American Century Companies Inc. now owns 1,110,755 shares of the specialty retailer’s stock worth $303,869,000 after buying an additional 105,794 shares during the last quarter. Finally, Waddell & Reed Financial Inc. raised its holdings in O’Reilly Automotive by 25.1% in the second quarter. Waddell & Reed Financial Inc. now owns 594,457 shares of the specialty retailer’s stock worth $162,626,000 after buying an additional 119,235 shares during the last quarter. 85.91% of the stock is owned by institutional investors and hedge funds.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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