Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) have been assigned a consensus recommendation of “Buy” from the sixteen analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $718.25.
ORLY has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $780.00 to $800.00 and gave the stock an “overweight” rating in a report on Tuesday, April 19th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $755.00 to $815.00 and gave the company an “outperform” rating in a research note on Friday, February 11th. Jefferies Financial Group raised their price target on shares of O’Reilly Automotive from $740.00 to $765.00 and gave the company a “buy” rating in a research note on Friday, February 11th. Citigroup decreased their target price on shares of O’Reilly Automotive from $720.00 to $662.00 in a research note on Friday, May 13th. Finally, Wedbush raised their price target on shares of O’Reilly Automotive from $650.00 to $660.00 and gave the stock a “neutral” rating in a report on Thursday, February 10th.
Shares of NASDAQ ORLY opened at $647.34 on Friday. The firm’s 50-day moving average price is $666.64 and its 200-day moving average price is $666.45. The stock has a market capitalization of $42.55 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.46 and a beta of 1.04. O’Reilly Automotive has a 12-month low of $519.32 and a 12-month high of $748.68.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its earnings results on Wednesday, April 27th. The specialty retailer reported $7.17 EPS for the quarter, missing analysts’ consensus estimates of $7.43 by ($0.26). O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company earned $7.06 earnings per share. On average, equity analysts forecast that O’Reilly Automotive will post 32.58 EPS for the current fiscal year.
In related news, CFO Jeremy Adam Fletcher purchased 835 shares of the company’s stock in a transaction on Friday, May 20th. The shares were bought at an average cost of $600.00 per share, for a total transaction of $501,000.00. Following the transaction, the chief financial officer now owns 1,897 shares of the company’s stock, valued at $1,138,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard Darin Venosdel sold 4,754 shares of O’Reilly Automotive stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $725.00, for a total transaction of $3,446,650.00. Following the completion of the transaction, the senior vice president now directly owns 4,200 shares in the company, valued at $3,045,000. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at $449,778,000. Jennison Associates LLC grew its holdings in shares of O’Reilly Automotive by 491.7% during the first quarter. Jennison Associates LLC now owns 508,269 shares of the specialty retailer’s stock worth $348,144,000 after buying an additional 422,371 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of O’Reilly Automotive by 128.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after buying an additional 386,822 shares in the last quarter. Carmignac Gestion bought a new position in shares of O’Reilly Automotive during the first quarter worth about $194,291,000. Finally, Invesco Ltd. grew its stake in O’Reilly Automotive by 29.8% in the first quarter. Invesco Ltd. now owns 1,109,137 shares of the specialty retailer’s stock valued at $759,715,000 after purchasing an additional 254,823 shares in the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.
About O’Reilly Automotive (Get Rating)
O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.
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