O'Reilly Automotive (ORLY) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of O'Reilly Automotive (NASDAQ:ORLY) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Several other research firms have also commented on ORLY. Robert W. Baird upped their price target on shares of O'Reilly Automotive from $230.00 to $290.00 and gave the company a neutral rating in a report on Friday, February 9th. Citigroup upped their price target on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the company a buy rating in a report on Friday, February 9th. Jefferies Group reaffirmed a buy rating and issued a $297.00 price target on shares of O'Reilly Automotive in a report on Friday, February 9th. Zacks Investment Research lowered shares of O'Reilly Automotive from a buy rating to a hold rating in a report on Friday, December 29th. Finally, Stephens set a $300.00 price target on shares of O'Reilly Automotive and gave the company a buy rating in a report on Wednesday, January 17th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. O'Reilly Automotive has an average rating of Buy and an average price target of $251.05.

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NASDAQ ORLY opened at $243.04 on Tuesday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.11 and a current ratio of 0.93. O'Reilly Automotive has a 1 year low of $169.43 and a 1 year high of $279.23. The firm has a market capitalization of $20,161.15, a P/E ratio of 20.60, a PEG ratio of 0.98 and a beta of 0.94.

O'Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm earned $2.59 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. analysts expect that O'Reilly Automotive will post 15.45 earnings per share for the current fiscal year.

O'Reilly Automotive announced that its board has initiated a stock repurchase program on Wednesday, February 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In related news, SVP Jeffrey Lynn Groves sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.00, for a total value of $1,350,000.00. Following the transaction, the senior vice president now directly owns 5,008 shares of the company’s stock, valued at approximately $1,352,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Lee Ellis sold 1,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $250.67, for a total transaction of $376,005.00. Following the completion of the transaction, the senior vice president now directly owns 1,856 shares in the company, valued at $465,243.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,735 shares of company stock worth $5,033,080. Corporate insiders own 3.12% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. NuWave Investment Management LLC purchased a new position in O'Reilly Automotive in the 4th quarter valued at about $122,000. Fieldpoint Private Securities LLC purchased a new position in O'Reilly Automotive in the 3rd quarter valued at about $141,000. Capital Guardian Trust Co. purchased a new position in O'Reilly Automotive in the 3rd quarter valued at about $157,000. Tower Research Capital LLC TRC lifted its stake in O'Reilly Automotive by 58.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock valued at $157,000 after buying an additional 240 shares in the last quarter. Finally, Atlantic Trust LLC lifted its stake in O'Reilly Automotive by 200.0% in the 3rd quarter. Atlantic Trust LLC now owns 843 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 562 shares in the last quarter. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

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O'Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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

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