O’Reilly Automotive (NASDAQ:ORLY) Stock Rating Reaffirmed by Bank of America

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Bank of America reissued their top pick rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report published on Monday, September 17th, The Fly reports. They currently have a $390.00 target price on the specialty retailer’s stock, up from their prior target price of $330.00.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of O’Reilly Automotive from a sell rating to a hold rating and set a $335.00 price target for the company in a research note on Thursday, July 19th. Jefferies Financial Group reaffirmed a buy rating and issued a $350.00 price target on shares of O’Reilly Automotive in a research note on Friday, July 27th. Oppenheimer lifted their price target on shares of O’Reilly Automotive from $305.00 to $360.00 and gave the company an outperform rating in a research note on Wednesday, August 8th. BidaskClub cut shares of O’Reilly Automotive from a strong-buy rating to a buy rating in a report on Saturday, September 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $293.00 to $311.00 and gave the company a neutral rating in a report on Friday, July 27th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $329.63.

ORLY traded up $9.19 during midday trading on Monday, hitting $339.54. The company had a trading volume of 732,668 shares, compared to its average volume of 769,416. O’Reilly Automotive has a 52 week low of $190.00 and a 52 week high of $351.65. The company has a current ratio of 0.92, a quick ratio of 0.11 and a debt-to-equity ratio of 8.45. The company has a market cap of $27.98 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 1.39 and a beta of 0.98.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.24. O’Reilly Automotive had a net margin of 13.42% and a return on equity of 229.48%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the firm posted $3.10 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts forecast that O’Reilly Automotive will post 15.91 EPS for the current fiscal year.

In related news, Director Thomas Hendrickson sold 2,500 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $319.31, for a total transaction of $798,275.00. Following the transaction, the director now directly owns 2,423 shares in the company, valued at $773,688.13. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas Mcfall sold 30,000 shares of the business’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $305.21, for a total transaction of $9,156,300.00. Following the transaction, the chief financial officer now owns 35,438 shares in the company, valued at $10,816,031.98. The disclosure for this sale can be found here. Insiders have sold 147,181 shares of company stock valued at $46,483,232 over the last quarter. Corporate insiders own 3.07% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in O’Reilly Automotive by 11.9% in the first quarter. Victory Capital Management Inc. now owns 8,048 shares of the specialty retailer’s stock valued at $1,991,000 after acquiring an additional 859 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in O’Reilly Automotive by 62.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 8,516 shares of the specialty retailer’s stock valued at $2,107,000 after acquiring an additional 3,270 shares during the last quarter. Engineers Gate Manager LP purchased a new position in O’Reilly Automotive in the first quarter valued at about $232,000. Aperio Group LLC boosted its stake in O’Reilly Automotive by 6.0% in the first quarter. Aperio Group LLC now owns 50,795 shares of the specialty retailer’s stock valued at $12,566,000 after acquiring an additional 2,886 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in O’Reilly Automotive by 8.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,531 shares of the specialty retailer’s stock valued at $2,853,000 after acquiring an additional 919 shares during the last quarter. Institutional investors and hedge funds own 86.03% 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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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