O’Reilly Automotive (ORLY) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of O’Reilly Automotive (NASDAQ: ORLY) in the last few weeks:

  • 8/20/2019 – O’Reilly Automotive had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $435.00 price target on the stock. They wrote, “We note AZO has operated stores in Mexico since 1998, opening roughly 30-40 stores per year (~575 stores today), which in our view, adds validity to ORLY’s ability to successfully compete in the market ahead. Going forward, key questions include: 1) the size of Orma’s business, as 4 DC’s per store and 55 employees per store would imply considerable non-store volumes; 2) Orma’s DIY vs. DIFM mix; 3) Guadalajara region, where its stores are principally located; 4) Private label mix, if any, and product/vendor overlap with Supply chain integration opportunities under ORLY leadership.””
  • 8/8/2019 – O’Reilly Automotive was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/7/2019 – O’Reilly Automotive was given a new $428.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 8/1/2019 – O’Reilly Automotive was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/26/2019 – O’Reilly Automotive had its price target lowered by analysts at Stephens from $440.00 to $430.00. They now have an “overweight” rating on the stock.
  • 7/26/2019 – O’Reilly Automotive was given a new $428.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 7/25/2019 – O’Reilly Automotive had its price target raised by analysts at Raymond James from $435.00 to $460.00. They now have a “strong-buy” rating on the stock.
  • 7/24/2019 – O’Reilly Automotive was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/19/2019 – O’Reilly Automotive was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $427.00 price target on the stock. According to Zacks, “O’Reilly’s dual market strategy and good customer service drove yearly growth. Opening of stores and distribution centers will help it provide service to customers and expand presence in large markets as well as in scarcely populated areas that attract fewer competitions. For the second quarter of 2019, earnings are projected in the range of $4.55-$4.65 per share and consolidated comparable store sales are expected to rise 3-5%. However, rising expenses and plan to pursue omni-channel goal are likely to increase expenses. Also, the surge in product prices changed spending habits of DIY customers, thereby, pressurizing same-store revenue growth from DIY customers. Further, inclement weather discouraged customers from visiting stores that hampered product sales.”
  • 7/13/2019 – O’Reilly Automotive was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2019 – O’Reilly Automotive is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $440.00 price target on the stock.
  • 7/5/2019 – O’Reilly Automotive was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/29/2019 – O’Reilly Automotive was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/27/2019 – O’Reilly Automotive was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating.

Shares of ORLY stock opened at $384.88 on Thursday. The company’s fifty day simple moving average is $385.35 and its 200-day simple moving average is $379.51. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 37.43. The firm has a market cap of $29.38 billion, a PE ratio of 23.91, a P/E/G ratio of 1.56 and a beta of 0.73. O’Reilly Automotive Inc has a 12 month low of $314.14 and a 12 month high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $4.51 EPS for the quarter, missing the Zacks’ consensus estimate of $4.67 by ($0.16). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.28 EPS. On average, equities analysts predict that O’Reilly Automotive Inc will post 17.54 earnings per share for the current fiscal year.

In related news, Director Jay D. Burchfield sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $381.08, for a total transaction of $381,080.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Raymond Murphy sold 122 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $385.92, for a total transaction of $47,082.24. The disclosure for this sale can be found here. In the last three months, insiders sold 1,773 shares of company stock worth $669,481. 2.52% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. NewSquare Capital LLC boosted its position in shares of O’Reilly Automotive by 61.3% in the second quarter. NewSquare Capital LLC now owns 1,097 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 417 shares during the period. Colony Group LLC boosted its position in shares of O’Reilly Automotive by 10.8% in the second quarter. Colony Group LLC now owns 3,120 shares of the specialty retailer’s stock valued at $1,152,000 after acquiring an additional 304 shares during the period. WealthStone Inc. bought a new stake in shares of O’Reilly Automotive in the second quarter valued at about $67,000. California Public Employees Retirement System boosted its position in shares of O’Reilly Automotive by 6.1% in the second quarter. California Public Employees Retirement System now owns 246,997 shares of the specialty retailer’s stock valued at $91,221,000 after acquiring an additional 14,187 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of O’Reilly Automotive by 5.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,165 shares of the specialty retailer’s stock valued at $4,862,000 after acquiring an additional 663 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

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.

Further Reading: CD Ladder

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