Wedbush restated their neutral rating on shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in a research report sent to investors on Thursday morning. They currently have 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.
Several other research analysts have also weighed in on the company. Oppenheimer Holdings, Inc. set a $220.00 price objective on O’Reilly Automotive and gave the stock a buy rating in a research report on Thursday. UBS AG reiterated a buy rating and issued a $230.00 price objective (down from $255.00) on shares of O’Reilly Automotive in a research report on Tuesday. Deutsche Bank AG reiterated a hold rating and issued a $190.00 price objective (down from $272.00) on shares of O’Reilly Automotive in a research report on Friday, July 21st. Northcoast Research upgraded O’Reilly Automotive from a neutral rating to a buy rating and set a $230.00 price objective for the company in a research report on Tuesday, July 18th. They noted that the move was a valuation call. Finally, Bank of America Corporation lowered O’Reilly Automotive from a buy rating to a neutral rating and lowered their price objective for the stock from $325.00 to $200.00 in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $249.61.
O’Reilly Automotive (ORLY) traded down 0.64% during trading on Thursday, reaching $200.03. The company had a trading volume of 1,452,730 shares. The firm has a market capitalization of $17.60 billion, a price-to-earnings ratio of 17.52 and a beta of 0.76. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $291.68. The company’s 50-day moving average is $204.38 and its 200 day moving average is $247.19.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.65 earnings per share. Equities analysts anticipate that O’Reilly Automotive will post $11.76 EPS for the current year.
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O’Reilly Automotive announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 10th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other news, Director John Raymond Murphy sold 600 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total value of $148,062.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman David E. Oreilly sold 25,000 shares of the 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 completion of the sale, the chairman now owns 145,568 shares in the company, valued at $36,473,518.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,640 shares of company stock worth $6,639,552. Insiders own 3.12% of the company’s stock.
Several hedge funds have recently made changes to their positions in ORLY. GSA Capital Partners LLP bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at about $206,000. Quadrature Capital Ltd bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at about $5,248,000. Kentucky Retirement Systems bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at about $1,908,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at about $851,000. Finally, Highbridge Capital Management LLC boosted its stake in shares of O’Reilly Automotive by 7.1% in the fourth quarter. Highbridge Capital Management LLC now owns 53,000 shares of the specialty retailer’s stock valued at $14,756,000 after buying an additional 3,503 shares during the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.
About O’Reilly Automotive
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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