O’Reilly Automotive (NASDAQ:ORLY) Given “Buy” Rating at DA Davidson

DA Davidson reaffirmed their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report released on Tuesday,Benzinga reports. The brokerage currently has a $110.00 price target on the specialty retailer’s stock.

Several other research firms have also recently weighed in on ORLY. UBS Group reissued a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $111.00 price objective (up previously from $110.00) on shares of O’Reilly Automotive in a research report on Friday. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Wednesday, November 5th. Robert W. Baird upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Thursday, December 4th. Finally, Morgan Stanley set a $110.00 price target on O’Reilly Automotive and gave the stock an “overweight” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $111.60.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $97.10 on Tuesday. The stock has a 50 day moving average price of $95.38 and a 200 day moving average price of $99.19. O’Reilly Automotive has a 52 week low of $85.55 and a 52 week high of $108.71. The stock has a market capitalization of $81.96 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 2.08 and a beta of 0.62.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the sale, the senior vice president directly owned 28 shares in the company, valued at $2,836.68. This trade represents a 98.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. The trade was a 42.21% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in O’Reilly Automotive in the 4th quarter worth about $25,000. Canton Hathaway LLC grew its position in shares of O’Reilly Automotive by 1,400.0% during the 2nd quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 280 shares in the last quarter. Nemes Rush Group LLC increased its holdings in shares of O’Reilly Automotive by 1,400.0% during the second quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 294 shares during the period. True Wealth Design LLC raised its position in shares of O’Reilly Automotive by 127.7% in the third quarter. True Wealth Design LLC now owns 271 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 152 shares in the last quarter. Finally, Aspect Partners LLC raised its position in shares of O’Reilly Automotive by 3,036.4% in the second quarter. Aspect Partners LLC now owns 345 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 334 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.