O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $530.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price raised by equities researchers at Guggenheim from $431.00 to $530.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s price target points to a potential upside of 11.02% from the company’s previous close.

A number of other equities analysts have also recently issued reports on ORLY. Morgan Stanley raised their target price on O’Reilly Automotive from $395.00 to $470.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. BidaskClub raised shares of O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 18th. Royal Bank of Canada upped their target price on shares of O’Reilly Automotive from $437.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Wells Fargo & Co reiterated a “buy” rating and issued a $525.00 target price (up from $475.00) on shares of O’Reilly Automotive in a report on Wednesday. Finally, Nomura Securities decreased their price target on shares of O’Reilly Automotive from $360.00 to $350.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $441.42.

Shares of NASDAQ ORLY opened at $477.38 on Friday. The company’s 50 day simple moving average is $428.48 and its 200 day simple moving average is $392.96. O’Reilly Automotive has a fifty-two week low of $251.51 and a fifty-two week high of $487.95. The firm has a market capitalization of $35.43 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.03 and a beta of 1.07. The company has a debt-to-equity ratio of 9.81, a current ratio of 0.95 and a quick ratio of 0.14.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 EPS for the quarter, beating the consensus estimate of $4.10 by $3.00. O’Reilly Automotive had a net margin of 14.45% and a return on equity of 490.94%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the previous year, the company posted $4.51 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Sell-side analysts expect that O’Reilly Automotive will post 17.22 EPS for the current fiscal year.

In related news, CEO Gregory D. Johnson sold 3,374 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total transaction of $1,350,612.20. Following the completion of the transaction, the chief executive officer now directly owns 7,734 shares of the company’s stock, valued at $3,095,920.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $425.74, for a total value of $4,257,400.00. Following the transaction, the senior vice president now directly owns 10,807 shares of the company’s stock, valued at $4,600,972.18. The disclosure for this sale can be found here. Insiders have sold 25,213 shares of company stock valued at $10,866,177 in the last 90 days. 2.43% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Viking Global Investors LP bought a new stake in O’Reilly Automotive during the first quarter worth $201,505,000. Parnassus Investments CA acquired a new stake in O’Reilly Automotive during the 1st quarter valued at $91,582,000. Vontobel Asset Management Inc. boosted its position in O’Reilly Automotive by 88.6% during the first quarter. Vontobel Asset Management Inc. now owns 543,421 shares of the specialty retailer’s stock worth $175,960,000 after purchasing an additional 255,301 shares during the period. Principal Financial Group Inc. increased its holdings in shares of O’Reilly Automotive by 14.7% in the first quarter. Principal Financial Group Inc. now owns 1,865,913 shares of the specialty retailer’s stock valued at $561,733,000 after purchasing an additional 238,435 shares during the last quarter. Finally, Vantage Investment Partners LLC raised its position in shares of O’Reilly Automotive by 14,731.4% in the first quarter. Vantage Investment Partners LLC now owns 218,022 shares of the specialty retailer’s stock valued at $65,636,000 after purchasing an additional 216,552 shares during the period. 81.97% 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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