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

O’Reilly Automotive (NASDAQ:ORLY) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday, BidAskClub reports.

Several other analysts have also commented on the stock. Citigroup increased their target price on shares of O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Morgan Stanley increased their target price on shares of O’Reilly Automotive from $385.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Credit Suisse Group reissued a “hold” rating and set a $318.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, February 5th. Oppenheimer lowered shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research lowered shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. O’Reilly Automotive has a consensus rating of “Buy” and a consensus price target of $379.13.

ORLY stock opened at $353.40 on Tuesday. O’Reilly Automotive has a 12 month low of $264.50 and a 12 month high of $414.63. The company has a market cap of $27.82 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.30 and a beta of 0.81. The company has a quick ratio of 0.10, a current ratio of 0.84 and a debt-to-equity ratio of 9.29.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 EPS for the quarter, meeting the 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 during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the business earned $3.61 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive will post 17.77 earnings per share for the current fiscal year.

In related news, Director Rosalie Oreilly Wooten sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $387.35, for a total value of $3,873,500.00. Following the completion of the sale, the director now owns 28,290 shares in the company, valued at approximately $10,958,131.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brad W. Beckham sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $370.71, for a total transaction of $1,853,550.00. Following the completion of the sale, the executive vice president now owns 5,454 shares of the company’s stock, valued at approximately $2,021,852.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,358 shares of company stock valued at $23,967,313. 2.52% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its stake in O’Reilly Automotive by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 5,891,448 shares of the specialty retailer’s stock valued at $2,046,218,000 after buying an additional 30,192 shares during the period. Polen Capital Management LLC increased its stake in O’Reilly Automotive by 2.0% in the 4th quarter. Polen Capital Management LLC now owns 2,881,956 shares of the specialty retailer’s stock valued at $992,344,000 after buying an additional 57,538 shares during the period. Geode Capital Management LLC increased its stake in O’Reilly Automotive by 19.6% in the 1st quarter. Geode Capital Management LLC now owns 1,341,814 shares of the specialty retailer’s stock valued at $520,573,000 after buying an additional 220,255 shares during the period. FMR LLC increased its stake in O’Reilly Automotive by 80.9% in the 4th quarter. FMR LLC now owns 1,163,828 shares of the specialty retailer’s stock valued at $400,741,000 after buying an additional 520,302 shares during the period. Finally, Northern Trust Corp increased its stake in O’Reilly Automotive by 3.3% in the 4th quarter. Northern Trust Corp now owns 1,078,886 shares of the specialty retailer’s stock valued at $371,494,000 after buying an additional 34,966 shares during the period. Institutional investors and hedge funds own 87.65% 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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