O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Stock analysts at William Blair reduced their Q4 2017 EPS estimates for shares of O’Reilly Automotive in a research report issued on Monday. William Blair analyst D. Hofkin now expects that the specialty retailer will post earnings of $2.69 per share for the quarter, down from their previous estimate of $2.70.

Several other research analysts also recently commented on the company. Citigroup Inc. boosted their target price on O’Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and issued a $220.00 target price on shares of O’Reilly Automotive in a report on Friday, October 27th. Credit Suisse Group set a $193.00 target price on O’Reilly Automotive and gave the stock a “hold” rating in a report on Thursday, October 26th. Oppenheimer Holdings, Inc. set a $220.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, UBS AG reissued a “buy” rating and issued a $240.00 target price (up from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive has an average rating of “Hold” and an average target price of $243.48.

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O’Reilly Automotive (NASDAQ ORLY) opened at $214.17 on Tuesday. The company has a market capitalization of $18,232.49, a P/E ratio of 18.63, a PEG ratio of 1.27 and a beta of 0.80. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72. O’Reilly Automotive has a 1-year low of $169.43 and a 1-year high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.07. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.90 earnings per share.

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

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the sale, the director now owns 72,562 shares in the company, valued at approximately $14,575,528.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.19, for a total transaction of $205,077.60. Following the sale, the senior vice president now owns 9,238 shares of the company’s stock, valued at approximately $1,821,641.22. The disclosure for this sale can be found here. Insiders have sold a total of 17,445 shares of company stock valued at $3,561,829 in the last quarter. Corporate insiders own 3.12% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BlueCrest Capital Management Ltd acquired a new position in shares of O’Reilly Automotive in the 2nd quarter valued at $3,667,000. Principal Financial Group Inc. grew its holdings in shares of O’Reilly Automotive by 14.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock valued at $387,935,000 after buying an additional 226,450 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of O’Reilly Automotive by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 261,751 shares of the specialty retailer’s stock valued at $57,255,000 after buying an additional 21,702 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of O’Reilly Automotive by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 303,223 shares of the specialty retailer’s stock valued at $66,327,000 after buying an additional 14,745 shares during the period. Finally, McKinley Carter Wealth Services Inc. grew its holdings in shares of O’Reilly Automotive by 1.3% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,603 shares of the specialty retailer’s stock valued at $2,101,000 after buying an additional 125 shares during the period. 97.98% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for O`Reilly Automotive (NASDAQ:ORLY)

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