O’Reilly Automotive, Inc. (ORLY) Given “Buy” Rating at UBS AG
UBS AG reiterated their buy rating on shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in a research note released on Thursday. They currently have a $240.00 price target on the specialty retailer’s stock, up from their prior price target of $230.00.
ORLY has been the topic of a number of other reports. Wedbush reissued a neutral rating on shares of O’Reilly Automotive in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $220.00 price target on O’Reilly Automotive and gave the company a buy rating in a report on Thursday, July 27th. Royal Bank Of Canada decreased their price target on O’Reilly Automotive from $280.00 to $201.00 and set a sector perform rating on the stock in a report on Thursday, July 6th. BidaskClub cut O’Reilly Automotive from a sell rating to a strong sell rating in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) raised O’Reilly Automotive from a sell rating to a neutral rating and decreased their price target for the company from $262.00 to $210.00 in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $242.74.
Shares of O’Reilly Automotive (ORLY) traded down 1.62% during trading on Thursday, hitting $205.90. The stock had a trading volume of 1,292,003 shares. The firm has a market capitalization of $18.12 billion, a P/E ratio of 18.04 and a beta of 0.78. O’Reilly Automotive has a 1-year low of $169.43 and a 1-year high of $286.57. The stock’s 50-day moving average price is $207.97 and its 200 day moving average price is $220.02.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The business 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% on a year-over-year basis. During the same period last year, the firm earned $2.65 earnings per share. On average, analysts anticipate that O’Reilly Automotive will post $11.87 earnings per share for the current year.
O’Reilly Automotive declared that its board has approved a stock buyback program on Friday, September 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In related news, Director Lawrence P. Oreilly sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.40, for a total value of $987,000.00. Following the completion of the transaction, the director now owns 142,754 shares in the company, valued at $28,179,639.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,120 shares of company stock valued at $3,684,364. 3.12% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in O’Reilly Automotive by 9.1% in the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock worth $1,359,092,000 after acquiring an additional 520,626 shares in the last quarter. Vanguard Group Inc. grew its position in O’Reilly Automotive by 1.1% in the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock worth $1,334,868,000 after acquiring an additional 66,172 shares in the last quarter. JPMorgan Chase & Co. grew its position in O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after acquiring an additional 1,251,237 shares in the last quarter. Polen Capital Management LLC grew its position in O’Reilly Automotive by 35.7% in the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock worth $451,795,000 after acquiring an additional 543,664 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in O’Reilly Automotive by 14.6% in the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock worth $387,935,000 after acquiring an additional 226,450 shares in the last quarter. Institutional investors own 96.57% of the company’s stock.
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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