O’Reilly Automotive (ORLY) Raised to “Strong-Buy” at BidaskClub

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Bank of America reissued a “top pick” rating and set a $390.00 target price (up previously from $330.00) on shares of O’Reilly Automotive in a research report on Monday, September 17th. Oppenheimer raised their target price on shares of O’Reilly Automotive from $305.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Wells Fargo & Co reissued a “buy” rating and set a $345.00 target price on shares of O’Reilly Automotive in a research report on Tuesday, August 7th. Finally, ValuEngine raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $329.63.

ORLY stock opened at $339.54 on Thursday. The stock has a market capitalization of $27.98 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.39 and a beta of 0.98. O’Reilly Automotive has a 12 month low of $190.00 and a 12 month high of $351.65. The company has a current ratio of 0.92, a quick ratio of 0.11 and a debt-to-equity ratio of 8.45.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.04 by $0.24. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. O’Reilly Automotive had a net margin of 13.42% and a return on equity of 229.48%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.10 EPS. On average, equities research analysts expect that O’Reilly Automotive will post 15.91 EPS for the current fiscal year.

In other news, CFO Thomas Mcfall sold 30,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $305.21, for a total value of $9,156,300.00. Following the transaction, the chief financial officer now owns 35,438 shares of the company’s stock, valued at approximately $10,816,031.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas Hendrickson sold 2,500 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $319.31, for a total transaction of $798,275.00. Following the completion of the transaction, the director now directly owns 2,423 shares in the company, valued at approximately $773,688.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,181 shares of company stock worth $46,483,232. Insiders own 3.07% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co lifted its stake in O’Reilly Automotive by 0.3% during the 3rd quarter. CENTRAL TRUST Co now owns 44,479 shares of the specialty retailer’s stock valued at $15,449,000 after acquiring an additional 154 shares during the period. Acropolis Investment Management LLC lifted its stake in O’Reilly Automotive by 10.6% during the 3rd quarter. Acropolis Investment Management LLC now owns 1,646 shares of the specialty retailer’s stock valued at $572,000 after acquiring an additional 158 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in O’Reilly Automotive by 4.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,471 shares of the specialty retailer’s stock valued at $950,000 after acquiring an additional 160 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in O’Reilly Automotive by 2.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,243 shares of the specialty retailer’s stock valued at $1,709,000 after acquiring an additional 166 shares during the period. Finally, Eads & Heald Wealth Management lifted its stake in O’Reilly Automotive by 3.4% during the 2nd quarter. Eads & Heald Wealth Management now owns 5,697 shares of the specialty retailer’s stock valued at $1,559,000 after acquiring an additional 186 shares during the period. Institutional investors own 86.03% 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, 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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