StockNews.com Upgrades O’Reilly Automotive (NASDAQ:ORLY) to Buy

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also commented on the company. TD Cowen raised their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI boosted their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Barclays increased their price objective on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,269.31.

O’Reilly Automotive Stock Performance

ORLY opened at $1,185.80 on Wednesday. The stock has a fifty day moving average of $1,219.29 and a 200-day moving average of $1,149.08. The company has a market capitalization of $68.46 billion, a P/E ratio of 29.34, a P/E/G ratio of 2.58 and a beta of 0.93. O’Reilly Automotive has a fifty-two week low of $914.50 and a fifty-two week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted 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). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the firm earned $10.72 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts predict that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred 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 Inflows and Outflows

Several hedge funds have recently made changes to their positions in ORLY. SK Wealth Management LLC acquired a new stake in O’Reilly Automotive during the third quarter worth approximately $341,000. Oddo BHF Asset Management Sas acquired a new stake in shares of O’Reilly Automotive during the 3rd quarter worth approximately $1,666,000. Peapack Gladstone Financial Corp increased its stake in shares of O’Reilly Automotive by 2.3% in 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 in the last quarter. Destination Wealth Management acquired a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $15,027,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in O’Reilly Automotive in the third quarter worth $184,000. 85.00% of the stock is owned by 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.