O’Reilly Automotive (NASDAQ:ORLY) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a hold rating to a buy rating in a research report released on Monday.

Several other research firms have also commented on ORLY. Evercore ISI lifted their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America lifted their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. DA Davidson reiterated a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,257.00.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,268.86 on Monday. The stock’s 50 day simple moving average is $1,215.48 and its 200-day simple moving average is $1,131.37. The stock has a market cap of $73.25 billion, a P/E ratio of 31.39, a P/E/G ratio of 2.58 and a beta of 0.93. O’Reilly Automotive has a 1-year low of $914.50 and a 1-year high of $1,283.96.

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

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction on 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 transaction, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

A number of institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. increased its stake in O’Reilly Automotive by 7.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,119 shares of the specialty retailer’s stock valued at $1,182,000 after purchasing an additional 78 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in O’Reilly Automotive by 5.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 48,165 shares of the specialty retailer’s stock valued at $50,865,000 after acquiring an additional 2,362 shares during the last quarter. Focus Financial Network Inc. lifted its position in O’Reilly Automotive by 134.3% in the second quarter. Focus Financial Network Inc. now owns 506 shares of the specialty retailer’s stock valued at $528,000 after acquiring an additional 290 shares during the last quarter. Summit Global Investments acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $562,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of O’Reilly Automotive by 5.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 322 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 16 shares during the period. 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.