Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have earned an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $243.44.

Several equities research analysts have commented on the company. Credit Suisse Group restated a “buy” rating and issued a $262.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, June 14th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a research note on Thursday, June 8th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $302.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, June 20th. UBS AG cut O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Finally, Raymond James Financial, Inc. cut their target price on O’Reilly Automotive from $310.00 to $250.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 5th.

In related news, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $215.98, for a total transaction of $224,619.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $200.87, for a total value of $1,004,350.00. Following the transaction, the director now directly owns 72,562 shares in the company, valued at $14,575,528.94. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock worth $3,684,364 over the last three months. 3.12% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in O’Reilly Automotive by 2,327.8% in the 1st quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in O’Reilly Automotive by 66.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after buying an additional 1,251,237 shares in the last quarter. Waddell & Reed Financial Inc. grew its holdings in O’Reilly Automotive by 188.5% in the 1st quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after buying an additional 917,800 shares in the last quarter. Polen Capital Management LLC grew its holdings in O’Reilly Automotive by 35.7% in the 2nd quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock valued at $451,795,000 after buying an additional 543,664 shares in the last quarter. Finally, Vontobel Asset Management Inc. acquired a new position in O’Reilly Automotive in the 2nd quarter valued at $119,025,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive (ORLY) traded down 0.84% during trading on Friday, reaching $212.16. The company had a trading volume of 681,080 shares. O’Reilly Automotive has a 52-week low of $169.43 and a 52-week high of $286.57. The company has a market capitalization of $18.67 billion, a PE ratio of 18.58 and a beta of 0.78. The company has a 50 day moving average price of $203.59 and a 200 day moving average price of $224.99.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.65 EPS. On average, equities analysts forecast that O’Reilly Automotive will post $11.87 EPS for the current fiscal year.

O’Reilly Automotive declared that its board has authorized a share repurchase program on Friday, September 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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About O’Reilly Automotive

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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