O’Reilly Automotive, Inc. (ORLY) Receives “Neutral” Rating from Wedbush

Wedbush restated their neutral rating on shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in a report issued on Thursday, July 27th, MarketBeat Ratings reports. 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.

A number of other research firms have also weighed in on ORLY. J P Morgan Chase & Co reissued a neutral rating and set a $210.00 price target (down from $295.00) on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Morgan Stanley lowered shares of O’Reilly Automotive from an overweight rating to an equal weight rating and dropped their price target for the company from $200.00 to $195.00 in a research report on Thursday, July 6th. Deutsche Bank AG lowered shares of O’Reilly Automotive from a buy rating to a hold rating and dropped their price target for the company from $315.00 to $273.00 in a research report on Tuesday, April 25th. Royal Bank Of Canada dropped their price target on shares of O’Reilly Automotive from $304.00 to $297.00 and set a sector perform rating on the stock in a research report on Tuesday, April 25th. Finally, Zacks Investment Research raised shares of O’Reilly Automotive from a sell rating to a hold rating in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned 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 $242.80.

Shares of O’Reilly Automotive (NASDAQ ORLY) traded down 0.98% during midday trading on Thursday, reaching $203.07. 1,384,770 shares of the company’s stock traded hands. The stock has a 50 day moving average of $200.45 and a 200-day moving average of $244.78. O’Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $291.56. The stock has a market cap of $17.87 billion, a P/E ratio of 17.79 and a beta of 0.74.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share 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 company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the firm earned $2.65 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that O’Reilly Automotive will post $11.88 EPS for the current fiscal year.

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O’Reilly Automotive declared that its board has approved a share buyback program on Wednesday, May 10th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman now owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the transaction, the director now directly owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The disclosure for this sale can be found here. In the last three months, insiders sold 32,080 shares of company stock valued at $7,754,807. Corporate insiders own 3.12% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in shares of O’Reilly Automotive by 4.4% in the first quarter. Quadrant Capital Group LLC now owns 921 shares of the specialty retailer’s stock worth $239,000 after buying an additional 39 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of O’Reilly Automotive by 5.6% in the first quarter. Koshinski Asset Management Inc. now owns 1,900 shares of the specialty retailer’s stock worth $513,000 after buying an additional 100 shares during the last quarter. Stock Yards Bank & Trust Co. acquired a new stake in shares of O’Reilly Automotive during the first quarter worth $236,000. Creative Planning raised its stake in shares of O’Reilly Automotive by 6.3% in the first quarter. Creative Planning now owns 7,696 shares of the specialty retailer’s stock worth $2,077,000 after buying an additional 456 shares during the last quarter. Finally, Paradigm Financial Advisors LLC raised its stake in shares of O’Reilly Automotive by 2.5% in the first quarter. Paradigm Financial Advisors LLC now owns 1,585 shares of the specialty retailer’s stock worth $427,000 after buying an additional 38 shares during the last quarter. 95.61% of the stock is owned by institutional investors and hedge funds.

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.