O’Reilly Automotive, Inc. (NASDAQ:ORLY)‘s stock had its “neutral” rating restated by stock analysts at J P Morgan Chase & Co in a research note issued to investors on Thursday. They currently have a $210.00 target price on the specialty retailer’s stock, down from their previous target price of $295.00. J P Morgan Chase & Co’s price objective indicates a potential upside of 21.49% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Stephens set a $315.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. Atlantic Securities upgraded shares of O’Reilly Automotive to an “overweight” rating and set a $307.00 target price for the company in a research note on Friday, April 7th. They noted that the move was a valuation call. Jefferies Group LLC reissued a “buy” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, May 24th. Finally, Oppenheimer Holdings, Inc. set a $300.00 price target on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $258.64.
Shares of O’Reilly Automotive (NASDAQ ORLY) traded up 0.10% during mid-day trading on Thursday, hitting $173.03. The stock had a trading volume of 1,497,552 shares. The firm’s 50 day moving average price is $237.55 and its 200-day moving average price is $260.49. The company has a market cap of $15.75 billion, a PE ratio of 15.77 and a beta of 0.76. O’Reilly Automotive has a one year low of $169.43 and a one year high of $292.84.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.88 by $0.28. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $2.59 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that O’Reilly Automotive will post $11.89 earnings per share for the current fiscal year.
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In other news, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the sale, the chairman now directly owns 145,568 shares of the company’s stock, valued at $36,473,518.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Raymond Murphy sold 600 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $246.77, for a total transaction of $148,062.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,640 shares of company stock valued at $6,639,552. Company insiders own 3.12% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in O’Reilly Automotive during the fourth quarter valued at approximately $103,000. Nikko Asset Management Americas Inc. bought a new stake in O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust boosted its stake in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares during the period. Proficio Capital Partners LLC boosted its stake in O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares during the period. Finally, FTB Advisors Inc. boosted its stake in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares during the period. 92.20% of the stock is currently owned by institutional investors and hedge funds.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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