O'Reilly Automotive (NASDAQ:ORLY)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a research report issued to clients and investors on Friday. They presently have a $297.00 price objective on the specialty retailer’s stock. Jefferies Group’s price target would suggest a potential upside of 18.88% from the company’s previous close. Jefferies Group also issued estimates for O'Reilly Automotive’s Q1 2019 earnings at $4.04 EPS, Q2 2019 earnings at $4.30 EPS, Q3 2019 earnings at $4.42 EPS and Q4 2019 earnings at $4.12 EPS.
Several other brokerages also recently weighed in on ORLY. UBS Group reaffirmed a “buy” rating and set a $240.00 price target (up from $230.00) on shares of O'Reilly Automotive in a report on Thursday, October 19th. Oppenheimer set a $220.00 price target on O'Reilly Automotive and gave the stock a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group set a $193.00 price target on O'Reilly Automotive and gave the stock a “hold” rating in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and set a $220.00 price target on shares of O'Reilly Automotive in a report on Friday, October 27th. Finally, Citigroup increased their price target on O'Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $251.05.
O'Reilly Automotive (ORLY) opened at $249.83 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.56. The stock has a market cap of $21,061.17, a P/E ratio of 19.72, a PEG ratio of 1.08 and a beta of 0.90. O'Reilly Automotive has a 1 year low of $169.43 and a 1 year high of $279.23.
O'Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.12. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $2.59 earnings per share. research analysts predict that O'Reilly Automotive will post 15.54 EPS for the current year.
O'Reilly Automotive announced that its board has approved a share repurchase plan on Wednesday, February 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
In other O'Reilly Automotive news, SVP Jeffrey Lynn Groves sold 5,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.00, for a total value of $1,350,000.00. Following the completion of the sale, the senior vice president now owns 5,008 shares of the company’s stock, valued at $1,352,160. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeremy Adam Fletcher sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $275.00, for a total value of $2,750,000.00. Following the completion of the sale, the senior vice president now directly owns 10,900 shares of the company’s stock, valued at approximately $2,997,500. The disclosure for this sale can be found here. In the last three months, insiders sold 169,580 shares of company stock valued at $39,241,985. 3.12% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Tandem Investment Advisors Inc. lifted its holdings in O'Reilly Automotive by 3.2% in the second quarter. Tandem Investment Advisors Inc. now owns 4,268 shares of the specialty retailer’s stock valued at $934,000 after acquiring an additional 133 shares during the period. Daiwa SB Investments Ltd. lifted its holdings in O'Reilly Automotive by 5.3% in the fourth quarter. Daiwa SB Investments Ltd. now owns 4,190 shares of the specialty retailer’s stock valued at $1,008,000 after acquiring an additional 210 shares during the period. Tower Research Capital LLC TRC lifted its holdings in O'Reilly Automotive by 58.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock valued at $157,000 after acquiring an additional 240 shares during the period. CIBC Asset Management Inc lifted its holdings in O'Reilly Automotive by 1.8% in the third quarter. CIBC Asset Management Inc now owns 15,089 shares of the specialty retailer’s stock valued at $3,250,000 after acquiring an additional 261 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in O'Reilly Automotive by 2.6% in the fourth quarter. SG Americas Securities LLC now owns 10,452 shares of the specialty retailer’s stock valued at $2,514,000 after acquiring an additional 262 shares during the period. 88.21% of the stock is owned by institutional investors.
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.
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