O’Reilly Automotive (NASDAQ:ORLY) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

O’Reilly Automotive, Inc. (NASDAQ:ORLY)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $90.49 and traded as low as $89.56. O’Reilly Automotive shares last traded at $89.99, with a volume of 5,004,738 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have commented on ORLY. Roth Capital restated a “buy” rating and set a $111.00 target price (up from $109.00) on shares of O’Reilly Automotive in a research note on Friday, July 31st. Morgan Stanley dropped their price target on shares of O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Evercore reiterated an “outperform” rating on shares of O’Reilly Automotive in a research report on Monday, October 26th. Raymond James Financial reissued an “outperform” rating and issued a $110.00 price objective (down from $115.00) on shares of O’Reilly Automotive in a research note on Friday, July 31st. Finally, Citigroup restated a “buy” rating and set a $106.00 price objective (up from $104.00) on shares of O’Reilly Automotive in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

O’Reilly Automotive Trading Down 0.8%

The firm’s 50 day simple moving average is $87.21 and its 200 day simple moving average is $90.49. The firm has a market cap of $72.80 billion, a PE ratio of 27.60, a PEG ratio of 2.16 and a beta of 0.55.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. O’Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Mancini sold 3,000 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total value of $279,000.00. Following the sale, the senior vice president owned 189 shares of the company’s stock, valued at $17,577. The trade was a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Hendrickson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the sale, the director directly owned 18,675 shares in the company, valued at $1,640,225.25. This trade represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,000 shares of company stock valued at $550,530. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of O’Reilly Automotive by 26.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 58,297 shares of the specialty retailer’s stock worth $5,381,000 after buying an additional 12,316 shares in the last quarter. Swiss National Bank increased its holdings in shares of O’Reilly Automotive by 6.5% in the 1st quarter. Swiss National Bank now owns 2,477,200 shares of the specialty retailer’s stock worth $228,670,000 after buying an additional 152,100 shares during the last quarter. Corient Private Wealth LP raised its position in shares of O’Reilly Automotive by 46.0% during the 2nd quarter. Corient Private Wealth LP now owns 1,077,091 shares of the specialty retailer’s stock valued at $99,189,000 after buying an additional 339,465 shares in the last quarter. Nykredit A S purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at about $34,040,000. Finally, Pelham Capital Ltd. raised its position in shares of O’Reilly Automotive by 25.9% during the 2nd quarter. Pelham Capital Ltd. now owns 163,377 shares of the specialty retailer’s stock valued at $15,045,000 after buying an additional 33,610 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O’Reilly family, the company began as a single store in Springfield, Missouri.