O’Reilly Automotive’s (ORLY) Outperform Rating Reiterated at William Blair

William Blair reiterated their outperform rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research note released on Thursday morning, Zacks.com reports.

ORLY has been the subject of several other reports. Credit Suisse Group upped their price target on shares of O’Reilly Automotive from $442.00 to $496.00 and gave the company a neutral rating in a research report on Thursday. Guggenheim increased their target price on shares of O’Reilly Automotive from $431.00 to $530.00 and gave the stock a buy rating in a report on Friday. Nomura Securities dropped their target price on shares of O’Reilly Automotive from $360.00 to $350.00 and set a neutral rating for the company in a report on Monday, April 13th. Nomura increased their target price on shares of O’Reilly Automotive from $372.00 to $390.00 in a report on Wednesday, May 20th. Finally, Nomura Instinet increased their target price on shares of O’Reilly Automotive from $372.00 to $390.00 and gave the stock a neutral rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $441.42.

NASDAQ ORLY opened at $477.38 on Thursday. The company has a 50-day simple moving average of $428.48 and a two-hundred day simple moving average of $392.96. The company has a quick ratio of 0.14, a current ratio of 0.95 and a debt-to-equity ratio of 9.81. O’Reilly Automotive has a 12-month low of $251.51 and a 12-month high of $487.95. The firm has a market cap of $35.44 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.04 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.10 by $3.00. O’Reilly Automotive had a net margin of 14.45% and a return on equity of 490.94%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the business posted $4.51 earnings per share. The company’s revenue was up 19.4% on a year-over-year basis. Equities analysts expect that O’Reilly Automotive will post 16.92 earnings per share for the current fiscal year.

In other O’Reilly Automotive news, CEO Gregory D. Johnson sold 3,374 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $400.30, for a total transaction of $1,350,612.20. Following the completion of the transaction, the chief executive officer now owns 7,734 shares of the company’s stock, valued at $3,095,920.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carl David Wilbanks sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $425.74, for a total transaction of $4,257,400.00. Following the transaction, the senior vice president now directly owns 10,807 shares of the company’s stock, valued at approximately $4,600,972.18. The disclosure for this sale can be found here. Insiders have sold 25,213 shares of company stock valued at $10,866,177 in the last ninety days. Insiders own 2.43% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wedbush Securities Inc. increased its stake in shares of O’Reilly Automotive by 1.3% during the second quarter. Wedbush Securities Inc. now owns 1,839 shares of the specialty retailer’s stock valued at $775,000 after purchasing an additional 24 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of O’Reilly Automotive by 0.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,545 shares of the specialty retailer’s stock valued at $1,068,000 after acquiring an additional 30 shares in the last quarter. Eads & Heald Wealth Management increased its position in shares of O’Reilly Automotive by 0.7% during the first quarter. Eads & Heald Wealth Management now owns 4,753 shares of the specialty retailer’s stock valued at $1,431,000 after acquiring an additional 33 shares in the last quarter. Hardy Reed LLC increased its position in shares of O’Reilly Automotive by 4.1% during the first quarter. Hardy Reed LLC now owns 898 shares of the specialty retailer’s stock valued at $270,000 after acquiring an additional 35 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of O’Reilly Automotive by 20.2% during the first quarter. First Horizon Advisors Inc. now owns 214 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 36 shares in the last quarter. 81.97% of the stock is owned by institutional investors and hedge funds.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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

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