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

StockNews.com upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a hold rating to a buy rating in a research note published on Tuesday morning.

Other research analysts have also recently issued reports about the company. Barclays upped their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a research report on Thursday, January 4th. Mizuho assumed coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a buy rating and a $1,225.00 target price for the company. Evercore ISI decreased their target price on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an outperform rating for the company in a research report on Tuesday. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an overweight rating in a research report on Monday, March 25th. Finally, Royal Bank of Canada upped their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an outperform rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $1,089.59.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,089.51 on Tuesday. The stock has a 50-day simple moving average of $1,090.52 and a 200-day simple moving average of $1,006.87. The stock has a market cap of $64.31 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.95 and a beta of 0.86. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.07 by $0.19. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.37 EPS. On average, equities research analysts predict that O’Reilly Automotive will post 42.09 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director John Raymond Murphy sold 269 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the transaction, the director now directly owns 950 shares of the company’s stock, valued at approximately $987,316. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The disclosure for this sale can be found here. In the last three months, insiders sold 25,968 shares of company stock valued at $27,269,333. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in O’Reilly Automotive in the 2nd quarter valued at approximately $25,000. Steward Financial Group LLC increased its position in O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after buying an additional 17 shares in the last quarter. Rise Advisors LLC purchased a new position in O’Reilly Automotive during the first quarter worth $36,000. Indiana Trust & Investment Management CO increased its position in O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in O’Reilly Automotive during the fourth quarter worth $30,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

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, Puerto Rico, and Mexico. 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.