O’Reilly Automotive, Inc. (ORLY) Receives $243.44 Consensus Target Price from Analysts

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have earned an average recommendation of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $243.44.

ORLY has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised shares of O’Reilly Automotive from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $262.00 to $210.00 in a research note on Thursday, July 6th. Credit Suisse Group lowered shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $262.00 to $195.00 in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $302.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. Finally, Royal Bank Of Canada reduced their target price on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a research note on Thursday, July 6th.

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In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total value of $1,050,700.00. Following the transaction, the director now directly owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the completion of the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at $2,017,657.76. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock valued at $3,687,235 over the last quarter. 3.12% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in ORLY. Monetary Management Group Inc. raised its holdings in O’Reilly Automotive by 16.3% in the 2nd quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock valued at $102,000 after acquiring an additional 65 shares during the period. Barrett Asset Management LLC raised its holdings in O’Reilly Automotive by 261.5% in the 2nd quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 340 shares during the period. Proficio Capital Partners LLC raised its holdings in O’Reilly Automotive by 1.0% in the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after acquiring an additional 5 shares during the period. Parkside Financial Bank & Trust raised its holdings in O’Reilly Automotive by 1.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after acquiring an additional 5 shares during the period. Finally, FTB Advisors Inc. raised its holdings in O’Reilly Automotive by 108.2% in the 1st quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after acquiring an additional 263 shares during the period. 96.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of O’Reilly Automotive (NASDAQ:ORLY) traded down 0.64% during mid-day trading on Wednesday, hitting $199.10. The stock had a trading volume of 683,959 shares. The stock’s 50-day moving average price is $198.89 and its 200-day moving average price is $233.13. O’Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $286.57. The stock has a market capitalization of $17.52 billion, a price-to-earnings ratio of 17.44 and a beta of 0.76.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 EPS. On average, equities analysts anticipate that O’Reilly Automotive will post $11.87 EPS for the current fiscal year.

O’Reilly Automotive announced that its Board of Directors has initiated a stock buyback plan on Friday, September 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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