O’Reilly Automotive, Inc. (NASDAQ:ORLY) Given “Neutral” Rating at Wedbush
Wedbush reiterated their neutral rating on shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in a report issued on Thursday morning, MarketBeat reports. Wedbush currently has a $195.00 target price on the specialty retailer’s stock. Wedbush also issued estimates for O’Reilly Automotive’s FY2018 earnings at $12.58 EPS and FY2019 earnings at $13.95 EPS.
A number of other research firms have also weighed in on ORLY. Cleveland Research lowered O’Reilly Automotive from a buy rating to a neutral rating in a research note on Monday, April 3rd. Deutsche Bank AG lowered O’Reilly Automotive from a buy rating to a hold rating and dropped their price objective for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Royal Bank Of Canada dropped their price objective on O’Reilly Automotive from $304.00 to $297.00 and set a sector perform rating for the company in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 price objective on O’Reilly Automotive and gave the company a buy rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. set a $300.00 price objective on O’Reilly Automotive and gave the company a buy rating in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $245.54.
O’Reilly Automotive (NASDAQ ORLY) traded up 1.17% during mid-day trading on Thursday, hitting $202.38. 505,372 shares of the stock were exchanged. The stock’s 50-day moving average is $204.38 and its 200 day moving average is $247.19. The company has a market capitalization of $17.81 billion, a PE ratio of 17.73 and a beta of 0.76. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $291.91.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business earned $2.65 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that O’Reilly Automotive will post $11.76 EPS for the current year.
O’Reilly Automotive declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.
In other O’Reilly Automotive news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total transaction of $227,489.60. Following the completion of the transaction, the senior vice president now owns 9,224 shares of the company’s stock, valued at $2,017,657.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David E. Oreilly sold 25,000 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the transaction, the chairman now directly owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Insiders have sold 26,640 shares of company stock valued at $6,639,552 in the last three months. Insiders own 3.12% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Nikko Asset Management Americas Inc. purchased a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust raised its position in shares of O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares in the last quarter. FTB Advisors Inc. raised its position in shares of O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $177,000. 92.47% of the stock is owned by institutional investors and hedge funds.
O’Reilly Automotive Company Profile
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.
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