O’Reilly Automotive (NASDAQ:ORLY) Stock Rating Reaffirmed by Evercore ISI


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O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “buy” rating reaffirmed by investment analysts at Evercore ISI in a research report issued on Monday, Analyst Price Targets reports.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $575.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, April 19th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “hold” rating on shares of O’Reilly Automotive in a research note on Thursday, April 1st. Oppenheimer reiterated a “buy” rating and issued a $555.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, February 11th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $578.00 to $595.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 27th. Finally, DA Davidson raised their price target on shares of O’Reilly Automotive from $480.00 to $550.00 and gave the stock a “neutral” rating in a research note on Friday, April 30th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. O’Reilly Automotive presently has an average rating of “Buy” and a consensus price target of $529.70.

Shares of NASDAQ ORLY opened at $559.88 on Monday. O’Reilly Automotive has a fifty-two week low of $377.27 and a fifty-two week high of $561.98. The stock has a market cap of $39.14 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.44 and a beta of 0.98. The company has a debt-to-equity ratio of 5.81, a quick ratio of 0.35 and a current ratio of 0.98. The firm’s 50-day simple moving average is $515.51 and its 200 day simple moving average is $469.68.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Tuesday, April 27th. The specialty retailer reported $7.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.47 by $1.59. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $2.80 billion. O’Reilly Automotive had a net margin of 14.96% and a return on equity of 373.35%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.97 EPS. On average, sell-side analysts predict that O’Reilly Automotive will post 23.13 EPS for the current year.

O’Reilly Automotive declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In other O’Reilly Automotive news, CFO Thomas Mcfall sold 11,140 shares of the firm’s stock in a transaction on Thursday, March 25th. The shares were sold at an average price of $487.49, for a total value of $5,430,638.60. Following the completion of the transaction, the chief financial officer now directly owns 16,902 shares of the company’s stock, valued at approximately $8,239,555.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 350 shares of the firm’s stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $450.00, for a total transaction of $157,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,203 shares of company stock valued at $31,246,099. Insiders own 2.43% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of O’Reilly Automotive by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,775,719 shares of the specialty retailer’s stock worth $803,637,000 after acquiring an additional 8,267 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of O’Reilly Automotive by 6.6% during the 4th quarter. Bank of New York Mellon Corp now owns 854,718 shares of the specialty retailer’s stock worth $386,820,000 after acquiring an additional 52,861 shares during the last quarter. Norges Bank bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth $333,624,000. Parnassus Investments CA lifted its holdings in shares of O’Reilly Automotive by 2.8% during the 4th quarter. Parnassus Investments CA now owns 393,564 shares of the specialty retailer’s stock worth $178,115,000 after acquiring an additional 10,870 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of O’Reilly Automotive by 14.0% during the 4th quarter. Wells Fargo & Company MN now owns 378,753 shares of the specialty retailer’s stock worth $171,413,000 after acquiring an additional 46,483 shares during the last quarter. 82.00% of the stock is owned by institutional investors.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.

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Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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