O’Reilly Automotive (NASDAQ:ORLY) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of O’Reilly Automotive (NASDAQ:ORLY) from a hold rating to a sell rating in a research note published on Saturday, June 29th, BidAskClub reports.

A number of other equities analysts also recently issued reports on the stock. Atlantic Securities downgraded shares of First Republic Bank from an overweight rating to a neutral rating and set a $104.98 price objective on the stock. in a report on Friday, March 1st. Zacks Investment Research downgraded shares of Heritage Insurance from a hold rating to a strong sell rating in a report on Friday, April 26th. Raymond James cut shares of Consolidated Communications to a market perform rating in a research note on Thursday, April 25th. Wells Fargo & Co raised their target price on shares of Tractor Supply from $108.00 to $114.00 and gave the stock an outperform rating in a research note on Thursday, April 18th. Finally, Northcoast Research restated a neutral rating on shares of Advance Auto Parts in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $385.41.

NASDAQ ORLY traded down $6.37 during trading on Friday, hitting $396.82. The company had a trading volume of 586,579 shares, compared to its average volume of 503,953. The firm has a market capitalization of $31.11 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73. The company has a current ratio of 0.84, a quick ratio of 0.10 and a debt-to-equity ratio of 13.67. O’Reilly Automotive has a one year low of $291.16 and a one year high of $414.63. The stock has a fifty day simple moving average of $383.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $4.05. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.44 billion. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 EPS. As a group, equities research analysts expect that O’Reilly Automotive will post 17.73 EPS for the current fiscal year.

In other O’Reilly Automotive news, Director John Raymond Murphy sold 528 shares of O’Reilly Automotive stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $361.05, for a total transaction of $190,634.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.52% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Cobiz Wealth LLC lifted its stake in O’Reilly Automotive by 2.8% in the first quarter. Cobiz Wealth LLC now owns 22,395 shares of the specialty retailer’s stock worth $8,696,000 after acquiring an additional 606 shares during the period. Sigma Planning Corp raised its holdings in O’Reilly Automotive by 43.3% in the first quarter. Sigma Planning Corp now owns 874 shares of the specialty retailer’s stock worth $339,000 after purchasing an additional 264 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in O’Reilly Automotive by 6.4% in the first quarter. McKinley Carter Wealth Services Inc. now owns 10,250 shares of the specialty retailer’s stock worth $3,980,000 after purchasing an additional 614 shares in the last quarter. Sowell Financial Services LLC raised its holdings in O’Reilly Automotive by 45.9% in the fourth quarter. Sowell Financial Services LLC now owns 3,343 shares of the specialty retailer’s stock worth $1,151,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Brown Advisory Inc. raised its holdings in O’Reilly Automotive by 22.1% in the fourth quarter. Brown Advisory Inc. now owns 4,058 shares of the specialty retailer’s stock worth $1,397,000 after purchasing an additional 734 shares in the last quarter. 85.40% of the stock is owned by institutional investors.

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

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