O’Reilly Automotive Inc (NASDAQ:ORLY) Receives Average Rating of “Buy” from Brokerages

O’Reilly Automotive Inc (NASDAQ:ORLY) has received an average recommendation of “Buy” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $380.36.

ORLY has been the subject of a number of research reports. Atlantic Securities cut O’Reilly Automotive from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $370.00 to $400.00 in a research report on Friday, March 1st. BidaskClub cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Evercore ISI initiated coverage on O’Reilly Automotive in a report on Wednesday, March 20th. They set an “in-line” rating and a $375.00 target price on the stock. Citigroup raised their target price on O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Morgan Stanley raised their target price on O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, April 15th.

In other news, COO Jeff M. Shaw sold 2,758 shares of O’Reilly Automotive stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $395.00, for a total value of $1,089,410.00. Following the transaction, the chief operating officer now directly owns 26,992 shares in the company, valued at $10,661,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Raymond Murphy sold 528 shares of O’Reilly Automotive stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $361.05, for a total value of $190,634.40. The disclosure for this sale can be found here. 2.52% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of O’Reilly Automotive by 0.5% in the third quarter. Vanguard Group Inc now owns 5,891,448 shares of the specialty retailer’s stock worth $2,046,218,000 after purchasing an additional 30,192 shares during the period. Polen Capital Management LLC increased its stake in O’Reilly Automotive by 2.0% during the fourth quarter. Polen Capital Management LLC now owns 2,881,956 shares of the specialty retailer’s stock valued at $992,344,000 after acquiring an additional 57,538 shares during the period. FMR LLC increased its stake in O’Reilly Automotive by 28.6% during the first quarter. FMR LLC now owns 1,496,125 shares of the specialty retailer’s stock valued at $580,945,000 after acquiring an additional 332,297 shares during the period. Geode Capital Management LLC increased its stake in O’Reilly Automotive by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 1,121,559 shares of the specialty retailer’s stock valued at $385,559,000 after acquiring an additional 100,713 shares during the period. Finally, Northern Trust Corp increased its stake in O’Reilly Automotive by 3.3% during the fourth quarter. Northern Trust Corp now owns 1,078,886 shares of the specialty retailer’s stock valued at $371,494,000 after acquiring an additional 34,966 shares during the period. Institutional investors and hedge funds own 85.46% of the company’s stock.

ORLY traded down $6.27 during trading on Wednesday, reaching $368.19. 531,800 shares of the stock traded hands, compared to its average volume of 667,885. The stock has a market cap of $29.35 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.37 and a beta of 0.79. O’Reilly Automotive has a fifty-two week low of $270.97 and a fifty-two week high of $414.63. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.10 and a current ratio of 0.84. The firm’s 50-day moving average price is $371.59.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $4.05. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.44 billion. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.61 earnings per share. On average, equities research analysts expect that O’Reilly Automotive will post 17.78 EPS for the current year.

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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