Credit Suisse Group set a $241.00 price objective on O'Reilly Automotive (NASDAQ:ORLY) in a research report report published on Thursday morning. The firm currently has a hold rating on the specialty retailer’s stock.
Several other research analysts have also recently issued reports on ORLY. Zacks Investment Research cut shares of O'Reilly Automotive from a buy rating to a hold rating in a report on Friday, December 29th. Robert W. Baird restated a hold rating and issued a $220.00 target price on shares of O'Reilly Automotive in a report on Friday, October 27th. Wedbush restated a neutral rating and issued a $250.00 target price (up previously from $195.00) on shares of O'Reilly Automotive in a report on Friday, December 15th. BidaskClub cut shares of O'Reilly Automotive from a sell rating to a strong sell rating in a report on Tuesday, December 19th. Finally, Moffett Nathanson began coverage on shares of O'Reilly Automotive in a report on Monday, December 4th. They issued a buy rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $249.45.
Shares of O'Reilly Automotive (NASDAQ ORLY) traded up $2.60 during trading on Thursday, hitting $260.28. 637,554 shares of the stock traded hands, compared to its average volume of 1,070,000. O'Reilly Automotive has a fifty-two week low of $169.43 and a fifty-two week high of $283.97. The company has a debt-to-equity ratio of 4.72, a quick ratio of 0.10 and a current ratio of 0.93. The firm has a market cap of $22,210.00, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.40 and a beta of 0.84.
O'Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.07. O'Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business posted $2.90 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. analysts expect that O'Reilly Automotive will post 11.89 earnings per share for the current year.
In related news, SVP Scott E. Kraus sold 1,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $212.49, for a total transaction of $318,735.00. Following the completion of the sale, the senior vice president now owns 2,959 shares in the company, valued at approximately $628,757.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman David E. Oreilly sold 70,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the sale, the chairman now owns 135,776 shares of the company’s stock, valued at approximately $29,910,095.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,945 shares of company stock valued at $36,282,766. 3.12% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Aurora Investment Counsel purchased a new position in O'Reilly Automotive during the 4th quarter worth $3,143,000. Atlantic Trust Group LLC raised its position in O'Reilly Automotive by 30.1% during the 3rd quarter. Atlantic Trust Group LLC now owns 70,065 shares of the specialty retailer’s stock worth $15,090,000 after buying an additional 16,217 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in O'Reilly Automotive by 19.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 189,105 shares of the specialty retailer’s stock worth $40,728,000 after buying an additional 31,379 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in O'Reilly Automotive during the 3rd quarter worth $225,000. Finally, Hartline Investment Corp raised its position in O'Reilly Automotive by 3.0% during the 3rd quarter. Hartline Investment Corp now owns 34,452 shares of the specialty retailer’s stock worth $7,420,000 after buying an additional 1,015 shares during the last quarter. Institutional investors own 88.33% of the company’s stock.
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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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