O’Reilly Automotive, Inc. (NASDAQ:ORLY) Given Consensus Rating of “Buy” by Brokerages

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has been assigned a consensus rating of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $1,414.56.

A number of research analysts have weighed in on ORLY shares. UBS Group raised their price target on O’Reilly Automotive from $1,535.00 to $1,580.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Barclays raised their price objective on O’Reilly Automotive from $1,250.00 to $1,290.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. BMO Capital Markets raised their price objective on O’Reilly Automotive from $1,450.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,425.00 to $1,550.00 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. Finally, Mizuho raised their price objective on O’Reilly Automotive from $1,400.00 to $1,445.00 and gave the company an “outperform” rating in a research report on Friday, April 25th.

O’Reilly Automotive Stock Up 0.4%

ORLY stock opened at $1,377.72 on Monday. The business has a 50 day moving average price of $1,372.76 and a two-hundred day moving average price of $1,313.90. The company has a market cap of $78.51 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 2.34 and a beta of 0.60. O’Reilly Automotive has a twelve month low of $969.70 and a twelve month high of $1,458.37.

O’Reilly Automotive shares are scheduled to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be payable to shareholders after the market closes on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $9.35 earnings per share for the quarter, missing analysts’ consensus estimates of $9.84 by ($0.49). The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.18 billion. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.20 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director John Raymond Murphy sold 200 shares of O’Reilly Automotive stock in a transaction on Monday, May 19th. The stock was sold at an average price of $1,379.00, for a total value of $275,800.00. Following the completion of the transaction, the director now directly owns 304 shares of the company’s stock, valued at $419,216. The trade was a 39.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ramon Parises Odems sold 2,000 shares of O’Reilly Automotive stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,360.45, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president now directly owns 16 shares of the company’s stock, valued at $21,767.20. This represents a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,219 shares of company stock valued at $3,022,386. Insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORLY. OLD National Bancorp IN raised its holdings in shares of O’Reilly Automotive by 12.5% during the 4th quarter. OLD National Bancorp IN now owns 234 shares of the specialty retailer’s stock worth $277,000 after buying an additional 26 shares in the last quarter. Caprock Group LLC raised its holdings in shares of O’Reilly Automotive by 17.7% during the 4th quarter. Caprock Group LLC now owns 1,321 shares of the specialty retailer’s stock worth $1,568,000 after buying an additional 199 shares in the last quarter. Waldron Private Wealth LLC raised its holdings in shares of O’Reilly Automotive by 34.3% during the 4th quarter. Waldron Private Wealth LLC now owns 862 shares of the specialty retailer’s stock worth $1,022,000 after buying an additional 220 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of O’Reilly Automotive by 27.7% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 940 shares of the specialty retailer’s stock worth $1,115,000 after buying an additional 204 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of O’Reilly Automotive by 38.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,168 shares of the specialty retailer’s stock worth $34,587,000 after buying an additional 8,103 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

About O’Reilly Automotive

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.