O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “buy” rating restated by stock analysts at Evercore ISI in a report released on Monday, AnalystRatings.com reports.
ORLY has been the topic of several other reports. Oppenheimer reaffirmed a “buy” rating and issued a $555.00 price objective on shares of O’Reilly Automotive in a report on Thursday, February 11th. UBS Group increased their price target on O’Reilly Automotive from $540.00 to $590.00 and gave the stock a “buy” rating in a research report on Thursday. Credit Suisse Group reissued a “hold” rating on shares of O’Reilly Automotive in a report on Thursday, April 1st. Stephens raised their target price on O’Reilly Automotive from $530.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, March 26th. Finally, Royal Bank of Canada boosted their price target on O’Reilly Automotive from $578.00 to $595.00 and gave the company an “outperform” rating in a report on Tuesday, April 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $529.20.
Shares of ORLY opened at $552.88 on Monday. The company has a debt-to-equity ratio of 5.81, a current ratio of 0.98 and a quick ratio of 0.35. The company’s fifty day moving average price is $509.68 and its 200-day moving average price is $467.92. O’Reilly Automotive has a 1-year low of $373.14 and a 1-year high of $553.43. The firm has a market capitalization of $38.65 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Tuesday, April 27th. The specialty retailer reported $7.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.47 by $1.59. O’Reilly Automotive had a return on equity of 373.35% and a net margin of 14.96%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the business earned $3.97 EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, research analysts anticipate that O’Reilly Automotive will post 23.13 EPS for the current fiscal year.
O’Reilly Automotive announced that its board has initiated a share repurchase plan on Wednesday, February 10th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In other O’Reilly Automotive news, Director Thomas Hendrickson sold 350 shares of the business’s stock in a transaction dated Tuesday, February 23rd. The shares were sold at an average price of $450.00, for a total value of $157,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas Mcfall sold 11,140 shares of the stock in a transaction that occurred on Thursday, March 25th. The shares were sold at an average price of $487.49, for a total transaction of $5,430,638.60. Following the completion of the sale, the chief financial officer now directly owns 16,902 shares of the company’s stock, valued at approximately $8,239,555.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,229 shares of company stock valued at $27,958,427. Insiders own 2.43% of the company’s stock.
A number of institutional investors have recently modified their holdings of ORLY. Louisiana State Employees Retirement System grew its holdings in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the specialty retailer’s stock worth $4,007,000 after purchasing an additional 200 shares during the period. Toronto Dominion Bank grew its position in O’Reilly Automotive by 16.8% in the 4th quarter. Toronto Dominion Bank now owns 41,032 shares of the specialty retailer’s stock valued at $18,570,000 after acquiring an additional 5,909 shares in the last quarter. Ninety One UK Ltd increased its stake in O’Reilly Automotive by 3.1% during the fourth quarter. Ninety One UK Ltd now owns 44,709 shares of the specialty retailer’s stock worth $20,234,000 after purchasing an additional 1,333 shares during the period. Canandaigua National Corp acquired a new stake in shares of O’Reilly Automotive during the first quarter worth about $1,551,000. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of O’Reilly Automotive by 48.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,307 shares of the specialty retailer’s stock valued at $1,055,000 after purchasing an additional 752 shares during the period. Institutional investors own 82.00% of the company’s stock.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. 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.
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