O’Reilly Automotive (NASDAQ:ORLY) Lowered to “Buy” at StockNews.com

StockNews.com lowered shares of O’Reilly Automotive (NASDAQ:ORLY – Get Rating) from a strong-buy rating to a buy rating in a research note published on Thursday morning.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley increased their target price on O’Reilly Automotive from $830.00 to $900.00 and gave the company an equal weight rating in a report on Thursday, April 20th. Citigroup upped their price target on O’Reilly Automotive from $893.00 to $916.00 in a research report on Friday, April 28th. Royal Bank of Canada upped their price target on O’Reilly Automotive from $900.00 to $975.00 in a research report on Friday, April 28th. Oppenheimer upped their price target on O’Reilly Automotive from $800.00 to $890.00 and gave the company an outperform rating in a research report on Friday, February 10th. Finally, 1-800-FLOWERS.COM reaffirmed a maintains rating on shares of O’Reilly Automotive in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive has a consensus rating of Moderate Buy and a consensus target price of $933.38.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $935.02 on Thursday. The stock has a market capitalization of $56.92 billion, a PE ratio of 27.02, a P/E/G ratio of 1.93 and a beta of 0.88. O’Reilly Automotive has a 1-year low of $580.01 and a 1-year high of $964.58. The business has a 50-day moving average of $893.08 and a 200 day moving average of $851.05.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its earnings results on Thursday, April 27th. The specialty retailer reported $8.28 earnings per share for the quarter, beating the consensus estimate of $8.00 by $0.28. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.58 billion. O’Reilly Automotive had a negative return on equity of 176.66% and a net margin of 14.90%. O’Reilly Automotive’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $7.17 EPS. Analysts anticipate that O’Reilly Automotive will post 37.13 EPS for the current year.

Insider Buying and Selling

In related news, EVP Thomas Mcfall sold 20,849 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $926.96, for a total value of $19,326,189.04. Following the sale, the executive vice president now owns 5,901 shares in the company, valued at approximately $5,469,990.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Thomas Mcfall sold 20,849 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $926.96, for a total value of $19,326,189.04. Following the sale, the executive vice president now owns 5,901 shares in the company, valued at approximately $5,469,990.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey Alan Lauro sold 49 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $960.00, for a total value of $47,040.00. Following the completion of the sale, the senior vice president now owns 776 shares in the company, valued at approximately $744,960. The disclosure for this sale can be found here. Insiders have sold 44,633 shares of company stock worth $41,728,882 in the last 90 days. Insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in ORLY. Romano Brothers AND Company purchased a new stake in O’Reilly Automotive during the 4th quarter valued at $27,000. Ancora Advisors LLC purchased a new stake in O’Reilly Automotive during the 4th quarter valued at $30,000. Venturi Wealth Management LLC purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $31,000. HHM Wealth Advisors LLC purchased a new stake in O’Reilly Automotive during the 1st quarter valued at $33,000. Finally, Arlington Partners LLC boosted its stake in O’Reilly Automotive by 616.7% during the 1st quarter. Arlington Partners LLC now owns 43 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 37 shares during the last quarter. 90.50% of the stock is currently owned by hedge funds and other institutional investors.

About O’Reilly Automotive

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O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.