O’Reilly Automotive (NASDAQ:ORLY) Coverage Initiated by Analysts at Goldman Sachs Group

Investment analysts at Goldman Sachs Group initiated coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $440.00 price target on the specialty retailer’s stock. Goldman Sachs Group’s price objective would suggest a potential upside of 9.50% from the company’s previous close.

ORLY has been the topic of several other research reports. Morgan Stanley reduced their target price on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. Wells Fargo & Co increased their target price on shares of Tractor Supply from $108.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Northcoast Research reissued a “neutral” rating on shares of Advance Auto Parts in a research note on Thursday, June 27th. BidaskClub raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Raymond James downgraded shares of Consolidated Communications to a “market perform” rating in a research note on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $382.71.

Shares of ORLY opened at $401.83 on Thursday. O’Reilly Automotive has a twelve month low of $283.39 and a twelve month high of $414.63. The stock has a market capitalization of $30.84 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.44 and a beta of 0.73. The company has a current ratio of 0.84, a quick ratio of 0.10 and a debt-to-equity ratio of 13.67. The company has a fifty day moving average price of $379.00.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $4.05. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the firm posted $3.61 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that O’Reilly Automotive will post 17.74 EPS for the current year.

In other news, Director John Raymond Murphy sold 528 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $361.05, for a total value of $190,634.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.52% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ORLY. Bessemer Group Inc. grew its holdings in shares of O’Reilly Automotive by 94.4% in the fourth quarter. Bessemer Group Inc. now owns 453 shares of the specialty retailer’s stock worth $156,000 after purchasing an additional 220 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of O’Reilly Automotive by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 332,603 shares of the specialty retailer’s stock worth $114,524,000 after purchasing an additional 1,646 shares during the last quarter. Berman Capital Advisors LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter worth about $31,000. Natixis Advisors L.P. grew its holdings in O’Reilly Automotive by 31.3% during the 4th quarter. Natixis Advisors L.P. now owns 17,182 shares of the specialty retailer’s stock worth $5,916,000 after acquiring an additional 4,096 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in O’Reilly Automotive by 22.1% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 85.46% 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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