Zacks Investment Research upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a sell rating to a hold rating in a research note published on Monday, Zacks.com reports. The brokerage currently has $425.00 target price on the specialty retailer’s stock.

According to Zacks, “Customer-centric business model and growing demand for high-quality auto parts are likely to drive O’Reilly’s growth in 2019. As such, the firm projects higher y/y earnings and sales for 2019. The specialty auto parts retailer is poised to benefit from store openings and distribution centers in profitable regions. The company has a track record of following a dual-market strategy by serving DIY and DIFM customers. The firm’s recent buyout deal with Mayasa Auto Parts bodes well. This marks O’Reilly’s first international expansion transaction. Strong cash flow and buyback program are other positives. However, the company is bogged down by high SG&A costs, which may dent margins. High capex and elevated leverage play spoilsports. O’Reilly’s earnings estimates for 2019 have been stable of late.”

Several other analysts also recently commented on ORLY. ValuEngine downgraded O’Reilly Automotive from a buy rating to a hold rating in a research note on Thursday, August 1st. Goldman Sachs Group began coverage on O’Reilly Automotive in a research note on Thursday, July 11th. They set a buy rating and a $440.00 price objective for the company. Stephens reduced their price objective on O’Reilly Automotive from $440.00 to $430.00 and set an overweight rating for the company in a research note on Friday, July 26th. BidaskClub downgraded O’Reilly Automotive from a buy rating to a hold rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Co reaffirmed an outperform rating and set a $440.00 price objective (up from $435.00) on shares of O’Reilly Automotive in a research note on Monday. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $408.93.

ORLY opened at $401.39 on Monday. The business has a 50 day moving average price of $392.91 and a two-hundred day moving average price of $384.74. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 37.43. The company has a market cap of $30.71 billion, a PE ratio of 24.93, a P/E/G ratio of 1.62 and a beta of 0.72. O’Reilly Automotive has a 52 week low of $314.14 and a 52 week high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $4.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.67 by ($0.16). The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.61 billion. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 391.89%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.28 earnings per share. As a group, sell-side analysts expect that O’Reilly Automotive will post 17.54 EPS for the current fiscal year.

In other O’Reilly Automotive news, Director John Raymond Murphy sold 122 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $385.92, for a total transaction of $47,082.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Alan Lauro bought 150 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $368.33 per share, for a total transaction of $55,249.50. Following the transaction, the senior vice president now directly owns 422 shares in the company, valued at approximately $155,435.26. The disclosure for this purchase can be found here. Insiders have sold a total of 1,773 shares of company stock worth $669,481 in the last quarter. 2.52% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORLY. National Pension Service grew its holdings in shares of O’Reilly Automotive by 4.8% in the 2nd quarter. National Pension Service now owns 111,202 shares of the specialty retailer’s stock worth $41,069,000 after acquiring an additional 5,141 shares during the period. Pennsylvania Trust Co acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter worth approximately $213,000. Deane Retirement Strategies Inc. grew its holdings in shares of O’Reilly Automotive by 1.3% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 5,524 shares of the specialty retailer’s stock worth $2,040,000 after acquiring an additional 73 shares during the period. Profund Advisors LLC grew its holdings in shares of O’Reilly Automotive by 11.8% in the 2nd quarter. Profund Advisors LLC now owns 7,144 shares of the specialty retailer’s stock worth $2,638,000 after acquiring an additional 753 shares during the period. Finally, Investec Asset Management North America Inc. grew its holdings in shares of O’Reilly Automotive by 24.1% in the 2nd quarter. Investec Asset Management North America Inc. now owns 4,185 shares of the specialty retailer’s stock worth $1,546,000 after acquiring an additional 812 shares during the period. Institutional investors own 85.80% of the company’s stock.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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