O’Reilly Automotive, Inc. (NASDAQ:ORLY) Given Consensus Recommendation of “Buy” by Brokerages

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has received an average rating of “Buy” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $103.3778.

Several research analysts recently weighed in on the company. DA Davidson upped their price target on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Morgan Stanley reiterated an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. Royal Bank Of Canada upped their price target on O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Citigroup upped their price target on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $86.00 price target on shares of O’Reilly Automotive in a report on Friday, July 25th.

Insiders Place Their Bets

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president owned 240 shares in the company, valued at $21,767.20. This represents a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,920 shares of company stock worth $15,763,302 over the last three months. Insiders own 1.01% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in ORLY. Vanguard Group Inc. raised its stake in shares of O’Reilly Automotive by 1,404.9% in the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after purchasing an additional 73,596,571 shares during the period. State Street Corp raised its stake in shares of O’Reilly Automotive by 1,424.2% in the 2nd quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock valued at $3,351,014,000 after purchasing an additional 34,740,553 shares during the period. Geode Capital Management LLC raised its stake in shares of O’Reilly Automotive by 1,443.1% in the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after purchasing an additional 22,144,563 shares during the period. Bank of New York Mellon Corp raised its stake in shares of O’Reilly Automotive by 1,317.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock valued at $1,590,894,000 after purchasing an additional 16,406,181 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of O’Reilly Automotive by 1,820.9% in the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after purchasing an additional 13,382,074 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 0.0%

Shares of ORLY opened at $101.54 on Friday. The firm has a market cap of $86.16 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.68 and a beta of 0.56. The stock has a 50 day moving average of $94.27 and a 200-day moving average of $91.76. O’Reilly Automotive has a 52 week low of $73.11 and a 52 week high of $104.86.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the firm posted $10.55 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts predict that O’Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

About O’Reilly Automotive

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.