O’Reilly Automotive (NASDAQ:ORLY) Earns “Buy” Rating from Roth Mkm

O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a research report issued on Wednesday, Benzinga reports. They currently have a $1,337.00 price target on the specialty retailer’s stock. Roth Mkm’s target price would indicate a potential upside of 12.35% from the company’s current price.

Other research analysts have also recently issued reports about the company. Wedbush reissued a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 25th. Wells Fargo & Company boosted their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI upped their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. DA Davidson upped their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Bank of America upped their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,188.87.

O’Reilly Automotive Trading Down 1.0 %

Shares of NASDAQ:ORLY opened at $1,190.00 on Wednesday. The stock has a 50 day moving average of $1,136.95 and a 200 day moving average of $1,076.86. The company has a market cap of $70.08 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. O’Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,221.05.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $10.22 earnings per share. Equities research analysts predict that O’Reilly Automotive will post 41.1 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the transaction, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,411 shares of company stock worth $56,846,062. Company insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of O’Reilly Automotive by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock worth $68,327,000 after buying an additional 2,214 shares in the last quarter. Bank Pictet & Cie Asia Ltd. purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter worth $800,000. Handelsbanken Fonder AB lifted its stake in shares of O’Reilly Automotive by 2.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock worth $34,507,000 after purchasing an additional 727 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of O’Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after purchasing an additional 701 shares during the last quarter. Finally, Perpetual Ltd lifted its stake in shares of O’Reilly Automotive by 322.6% during the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 871 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

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.