Wells Fargo & Co reiterated their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report released on Tuesday, AnalystRatings.com reports. The brokerage currently has a $435.00 price objective on the specialty retailer’s stock.
“We note AZO has operated stores in Mexico since 1998, opening roughly 30-40 stores per year (~575 stores today), which in our view, adds validity to ORLY’s ability to successfully compete in the market ahead. Going forward, key questions include: 1) the size of Orma’s business, as 4 DC’s per store and 55 employees per store would imply considerable non-store volumes; 2) Orma’s DIY vs. DIFM mix; 3) Guadalajara region, where its stores are principally located; 4) Private label mix, if any, and product/vendor overlap with Supply chain integration opportunities under ORLY leadership.”,” the firm’s analyst commented.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of O’Reilly Automotive from a hold rating to a sell rating and set a $427.00 price target for the company. in a research note on Friday, July 19th. Royal Bank of Canada set a $428.00 price target on shares of O’Reilly Automotive and gave the company a buy rating in a research note on Wednesday, August 7th. Goldman Sachs Group initiated coverage on shares of O’Reilly Automotive in a research note on Thursday, July 11th. They set a buy rating and a $440.00 price target for the company. Northcoast Research downgraded shares of O’Reilly Automotive from a buy rating to a neutral rating in a research note on Thursday, June 27th. Finally, Raymond James raised their price target on shares of O’Reilly Automotive from $435.00 to $460.00 and gave the company a strong-buy rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $409.29.
Shares of NASDAQ:ORLY opened at $377.34 on Tuesday. The company has a market cap of $29.38 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.55 and a beta of 0.73. The company has a debt-to-equity ratio of 37.43, a current ratio of 0.85 and a quick ratio of 0.10. The firm has a 50 day simple moving average of $385.11 and a 200 day simple moving average of $379.85. O’Reilly Automotive has a one year low of $314.14 and a one year high of $414.63.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $4.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.67 by ($0.16). The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 391.89%. O’Reilly Automotive’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.28 EPS. As a group, analysts expect that O’Reilly Automotive will post 17.54 EPS for the current year.
In related news, SVP Jason Lee Tarrant sold 651 shares of O’Reilly Automotive stock in a transaction on Monday, August 12th. The shares were sold at an average price of $370.69, for a total transaction of $241,319.19. Following the completion of the transaction, the senior vice president now owns 1,941 shares of the company’s stock, valued at $719,509.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey Alan Lauro bought 150 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $368.33 per share, with a total value of $55,249.50. Following the purchase, the senior vice president now directly owns 422 shares of the company’s stock, valued at $155,435.26. The disclosure for this purchase can be found here. Insiders have sold 1,773 shares of company stock valued at $669,481 in the last three months. 2.52% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new position in O’Reilly Automotive during the first quarter worth $26,000. Squar Milner Financial Services LLC grew its holdings in O’Reilly Automotive by 80.5% in the second quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 33 shares during the period. Shine Investment Advisory Services Inc. grew its holdings in O’Reilly Automotive by 65.4% in the second quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 34 shares during the period. TRUE Private Wealth Advisors acquired a new stake in O’Reilly Automotive in the second quarter worth $46,000. Finally, Hall Laurie J Trustee acquired a new stake in O’Reilly Automotive in the first quarter worth $47,000. 87.28% of the stock is owned by institutional investors and hedge funds.
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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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