O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total value of $1,050,700.00. Following the completion of the sale, the director now directly owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded down 1.35% on Friday, hitting $197.92. The company’s stock had a trading volume of 1,366,523 shares. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $288.67. The firm has a market cap of $17.42 billion, a price-to-earnings ratio of 17.34 and a beta of 0.74. The firm has a 50 day moving average of $194.06 and a 200 day moving average of $239.83.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the firm posted $2.65 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that O’Reilly Automotive, Inc. will post $11.88 earnings per share for the current fiscal year.
O’Reilly Automotive announced that its board has authorized a stock buyback plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
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Several hedge funds have recently bought and sold shares of ORLY. Parkside Financial Bank & Trust increased its stake in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC increased its stake in O’Reilly Automotive by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 5 shares in the last quarter. Cypress Wealth Advisors LLC increased its stake in O’Reilly Automotive by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 11 shares in the last quarter. Genesee Valley Trust Co. increased its stake in O’Reilly Automotive by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 4,662 shares of the specialty retailer’s stock valued at $1,257,000 after buying an additional 14 shares in the last quarter. Finally, Intellectus Partners LLC increased its stake in O’Reilly Automotive by 1.1% in the first quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock valued at $460,000 after buying an additional 19 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Monday, April 24th. Royal Bank Of Canada lowered their target price on O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 25th. Deutsche Bank AG lowered O’Reilly Automotive from a “buy” rating to a “hold” rating and lowered their target price for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Oppenheimer Holdings, Inc. set a $300.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, April 27th. Finally, Stephens set a $315.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. O’Reilly Automotive has a consensus rating of “Hold” and a consensus price target of $242.80.
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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