BidaskClub lowered shares of O’Reilly Automotive (NASDAQ:ORLY) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.

A number of other equities research analysts also recently issued reports on the company. Bank of America restated a top pick rating and set a $390.00 price objective (up from $330.00) on shares of O’Reilly Automotive in a research report on Monday, September 17th. Zacks Investment Research downgraded O’Reilly Automotive from a buy rating to a hold rating in a research report on Tuesday, September 25th. Wells Fargo & Co upped their price objective on O’Reilly Automotive from $345.00 to $375.00 and gave the company an outperform rating in a research report on Friday, October 26th. Jefferies Financial Group upped their price objective on O’Reilly Automotive from $350.00 to $375.00 and gave the company a buy rating in a research report on Friday, October 26th. Finally, Oppenheimer upped their price objective on O’Reilly Automotive from $305.00 to $360.00 and gave the company an outperform rating in a research report on Wednesday, August 8th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $343.94.

Shares of ORLY stock opened at $331.45 on Tuesday. O’Reilly Automotive has a 1 year low of $217.64 and a 1 year high of $363.20. The company has a current ratio of 0.91, a quick ratio of 0.11 and a debt-to-equity ratio of 6.37. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 1.37 and a beta of 1.10.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.19. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.49 billion. On average, equities research analysts anticipate that O’Reilly Automotive will post 16.1 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its board has approved a share repurchase plan on Tuesday, November 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

In other news, SVP Jeffrey Alan Lauro sold 12,526 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $351.06, for a total transaction of $4,397,377.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.12% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of O’Reilly Automotive by 503.8% during the second quarter. Victory Capital Management Inc. now owns 48,592 shares of the specialty retailer’s stock valued at $13,293,000 after buying an additional 40,544 shares during the last quarter. Madison Investment Holdings Inc. grew its stake in O’Reilly Automotive by 6.2% in the second quarter. Madison Investment Holdings Inc. now owns 248,277 shares of the specialty retailer’s stock worth $67,921,000 after purchasing an additional 14,576 shares in the last quarter. Morgan Stanley grew its stake in O’Reilly Automotive by 100.8% in the second quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock worth $143,236,000 after purchasing an additional 262,779 shares in the last quarter. Pettyjohn Wood & White Inc. grew its stake in O’Reilly Automotive by 15.6% in the second quarter. Pettyjohn Wood & White Inc. now owns 1,780 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 240 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in O’Reilly Automotive in the second quarter worth approximately $3,559,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

About O’Reilly Automotive

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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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