O’Reilly Automotive (ORLY) Downgraded to Sell at BidaskClub

BidaskClub cut shares of O’Reilly Automotive (NASDAQ:ORLY) from a hold rating to a sell rating in a research note released on Tuesday morning, BidAskClub reports.

Several other analysts have also weighed in on ORLY. Zacks Investment Research upgraded shares of O’Reilly Automotive from a sell rating to a hold rating in a research report on Friday, April 26th. Wells Fargo & Co lifted their target price on shares of O’Reilly Automotive from $415.00 to $445.00 and gave the company an outperform rating in a research report on Thursday, April 18th. Evercore ISI assumed coverage on shares of O’Reilly Automotive in a research report on Wednesday, March 20th. They set an in-line rating and a $375.00 target price on the stock. Raymond James lifted their target price on shares of O’Reilly Automotive from $408.00 to $435.00 and gave the company a strong-buy rating in a research report on Thursday, April 25th. Finally, Atlantic Securities lowered shares of O’Reilly Automotive from an overweight rating to a neutral rating and lifted their target price for the company from $370.00 to $400.00 in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $379.13.

NASDAQ ORLY opened at $353.02 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.10 and a debt-to-equity ratio of 9.29. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.29 and a beta of 0.81. O’Reilly Automotive has a 52-week low of $264.50 and a 52-week high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $4.05. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.44 billion. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $3.61 EPS. Research analysts forecast that O’Reilly Automotive will post 17.77 EPS for the current fiscal year.

In related news, Director Lawrence P. Oreilly sold 4,500 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $378.60, for a total transaction of $1,703,700.00. Following the completion of the transaction, the director now directly owns 131,214 shares of the company’s stock, valued at approximately $49,677,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Lee Tarrant sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $385.43, for a total transaction of $578,145.00. Following the transaction, the senior vice president now directly owns 1,928 shares of the company’s stock, valued at $743,109.04. The disclosure for this sale can be found here. Insiders have sold a total of 53,358 shares of company stock valued at $20,093,813 over the last three months. 2.52% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in ORLY. Cobiz Wealth LLC raised its stake in shares of O’Reilly Automotive by 2.8% in the first quarter. Cobiz Wealth LLC now owns 22,395 shares of the specialty retailer’s stock worth $8,696,000 after acquiring an additional 606 shares during the last quarter. Sowell Financial Services LLC raised its stake in shares of O’Reilly Automotive by 45.9% in the fourth quarter. Sowell Financial Services LLC now owns 3,343 shares of the specialty retailer’s stock worth $1,151,000 after acquiring an additional 1,051 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of O’Reilly Automotive by 22.1% in the fourth quarter. Brown Advisory Inc. now owns 4,058 shares of the specialty retailer’s stock worth $1,397,000 after acquiring an additional 734 shares during the last quarter. Huntington National Bank raised its stake in shares of O’Reilly Automotive by 8.9% in the fourth quarter. Huntington National Bank now owns 116,378 shares of the specialty retailer’s stock worth $40,072,000 after acquiring an additional 9,472 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of O’Reilly Automotive by 5.3% in the fourth quarter. WINTON GROUP Ltd now owns 130,238 shares of the specialty retailer’s stock worth $44,845,000 after acquiring an additional 6,557 shares during the last quarter. 87.65% of the stock is owned by hedge funds and other institutional investors.

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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