O’Reilly Automotive (NASDAQ:ORLY) Coverage Initiated at BMO Capital Markets

Equities research analysts at BMO Capital Markets started coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $1,400.00 price target on the specialty retailer’s stock. BMO Capital Markets’ target price suggests a potential upside of 10.18% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley raised their price objective on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. DA Davidson reissued a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Wedbush restated a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Barclays upped their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,257.00.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,270.60 on Friday. O’Reilly Automotive has a one year low of $914.50 and a one year high of $1,281.95. The company has a market capitalization of $73.35 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 2.57 and a beta of 0.93. The company’s 50-day simple moving average is $1,213.13 and its two-hundred day simple moving average is $1,128.02.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.72 earnings per share. Equities analysts expect that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors have recently made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new stake in O’Reilly Automotive during the third quarter valued at $1,666,000. Peapack Gladstone Financial Corp grew its position in shares of O’Reilly Automotive by 2.3% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 1,133 shares of the specialty retailer’s stock valued at $1,305,000 after acquiring an additional 25 shares during the period. Destination Wealth Management purchased a new position in shares of O’Reilly Automotive in the 3rd quarter valued at about $15,027,000. Wilmington Savings Fund Society FSB acquired a new position in O’Reilly Automotive in the 3rd quarter worth about $184,000. Finally, Arvest Bank Trust Division acquired a new position in O’Reilly Automotive in the 3rd quarter worth about $518,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.