Analysts at MKM Partners started coverage on shares of O’Reilly Automotive (NASDAQ:ORLY – Get Rating) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the specialty retailer’s stock.
ORLY has been the subject of a number of other reports. Citigroup lowered their price target on O’Reilly Automotive from $720.00 to $662.00 in a research note on Friday, May 13th. Truist Financial reduced their price target on shares of O’Reilly Automotive from $837.00 to $788.00 in a research report on Friday, April 29th. StockNews.com started coverage on shares of O’Reilly Automotive in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Bank of America upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price objective on the stock in a report on Tuesday, May 10th. Finally, Wells Fargo & Company decreased their price objective on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $719.58.
Shares of ORLY opened at $608.82 on Thursday. The business’s fifty day moving average price is $635.52 and its two-hundred day moving average price is $662.37. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.45 and a beta of 1.04. O’Reilly Automotive has a 52 week low of $546.16 and a 52 week high of $748.68.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last announced its quarterly earnings data 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 firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the business earned $7.06 earnings per share. On average, equity analysts forecast that O’Reilly Automotive will post 32.62 earnings per share for the current fiscal year.
In other news, CFO Jeremy Adam Fletcher acquired 835 shares of O’Reilly Automotive stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $600.00 per share, for a total transaction of $501,000.00. Following the completion of the purchase, the chief financial officer now directly owns 1,897 shares of the company’s stock, valued at approximately $1,138,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Richard Darin Venosdel sold 4,754 shares of the business’s stock in a transaction that occurred on Thursday, April 7th. The shares were 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 owns 4,200 shares of the company’s stock, valued at $3,045,000. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.
Several hedge funds have recently made changes to their positions in ORLY. Lloyd Advisory Services LLC. acquired a new stake in O’Reilly Automotive in the first quarter valued at about $26,000. Riverview Trust Co acquired a new stake in O’Reilly Automotive in the first quarter valued at about $27,000. Mascoma Wealth Management LLC acquired a new stake in O’Reilly Automotive in the fourth quarter valued at about $30,000. Atlas Capital Advisors LLC acquired a new stake in O’Reilly Automotive in the fourth quarter valued at about $30,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new stake in O’Reilly Automotive in the fourth quarter valued at about $28,000. Institutional investors and hedge funds 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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