O’Reilly Automotive (NASDAQ:ORLY) Earns Hold Rating from Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report released on Thursday morning, TipRanks reports. The firm issued a hold rating on the specialty retailer’s stock.

A number of other research firms have also recently weighed in on ORLY. Nomura Securities decreased their target price on shares of O’Reilly Automotive from $360.00 to $350.00 and set a neutral rating on the stock in a research note on Monday, April 13th. Bank of America boosted their target price on shares of O’Reilly Automotive from $375.00 to $415.00 and gave the stock a buy rating in a research note on Monday, April 20th. Stephens reissued an overweight rating and issued a $380.00 price objective (up previously from $350.00) on shares of O’Reilly Automotive in a research note on Thursday, April 16th. Royal Bank of Canada boosted their price objective on shares of O’Reilly Automotive from $437.00 to $505.00 and gave the stock an outperform rating in a research note on Tuesday, July 28th. Finally, Guggenheim raised shares of O’Reilly Automotive from a neutral rating to a buy rating and set a $435.00 price objective on the stock in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $441.42.

NASDAQ ORLY opened at $477.38 on Thursday. The firm’s fifty day moving average price is $428.48 and its two-hundred day moving average price is $392.96. The stock has a market cap of $35.43 billion, a PE ratio of 23.40, a PEG ratio of 2.03 and a beta of 1.07. O’Reilly Automotive has a fifty-two week low of $251.51 and a fifty-two week high of $487.95. The company has a debt-to-equity ratio of 9.81, a quick ratio of 0.14 and a current ratio of 0.95.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.10 by $3.00. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $2.60 billion. O’Reilly Automotive had a net margin of 14.45% and a return on equity of 490.94%. The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.51 earnings per share. As a group, sell-side analysts predict that O’Reilly Automotive will post 17.22 earnings per share for the current fiscal year.

In other news, SVP Carl David Wilbanks sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $425.74, for a total transaction of $4,257,400.00. Following the transaction, the senior vice president now owns 10,807 shares in the company, valued at $4,600,972.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory D. Johnson sold 3,374 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $400.30, for a total transaction of $1,350,612.20. Following the transaction, the chief executive officer now owns 7,734 shares in the company, valued at approximately $3,095,920.20. The disclosure for this sale can be found here. Insiders have sold 25,213 shares of company stock worth $10,866,177 in the last ninety days. Insiders own 2.43% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ORLY. Viking Global Investors LP acquired a new position in shares of O’Reilly Automotive during the first quarter valued at about $201,505,000. Parnassus Investments CA acquired a new position in shares of O’Reilly Automotive during the first quarter valued at about $91,582,000. Vontobel Asset Management Inc. raised its holdings in shares of O’Reilly Automotive by 88.6% in the 1st quarter. Vontobel Asset Management Inc. now owns 543,421 shares of the specialty retailer’s stock worth $175,960,000 after acquiring an additional 255,301 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of O’Reilly Automotive by 14.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,865,913 shares of the specialty retailer’s stock worth $561,733,000 after acquiring an additional 238,435 shares during the last quarter. Finally, Vantage Investment Partners LLC raised its holdings in shares of O’Reilly Automotive by 14,731.4% in the 1st quarter. Vantage Investment Partners LLC now owns 218,022 shares of the specialty retailer’s stock worth $65,636,000 after acquiring an additional 216,552 shares during the last quarter. Hedge funds and other institutional investors own 81.97% of the company’s stock.

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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; 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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