O’Reilly Automotive (NASDAQ:ORLY) Lifted to Strong-Buy at BidaskClub

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BidaskClub upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a strong-buy rating in a report released on Thursday, BidAskClub reports.

ORLY has been the subject of several other reports. Royal Bank of Canada set a $428.00 target price on O’Reilly Automotive and gave the company a buy rating in a report on Wednesday, August 7th. ValuEngine lowered O’Reilly Automotive from a buy rating to a hold rating in a research note on Thursday, August 1st. Stephens decreased their price target on O’Reilly Automotive from $440.00 to $430.00 and set an overweight rating for the company in a research note on Friday, July 26th. Raymond James increased their price objective on O’Reilly Automotive from $435.00 to $460.00 and gave the company a strong-buy rating in a research report on Thursday, July 25th. Finally, Zacks Investment Research downgraded O’Reilly Automotive from a hold rating to a sell rating and set a $427.00 price objective for the company. in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. O’Reilly Automotive has a consensus rating of Buy and an average target price of $407.57.

Shares of ORLY traded down $3.05 during midday trading on Thursday, reaching $390.85. 587,306 shares of the company were exchanged, compared to its average volume of 460,902. The company has a current ratio of 0.85, a quick ratio of 0.10 and a debt-to-equity ratio of 37.43. O’Reilly Automotive has a 1-year low of $314.14 and a 1-year high of $414.63. The stock has a 50-day moving average price of $382.85 and a 200-day moving average price of $381.38. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.59 and a beta of 0.73.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.67 by ($0.16). O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm posted $4.28 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that O’Reilly Automotive will post 17.54 earnings per share for the current year.

In related news, SVP Jason Lee Tarrant sold 651 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $370.69, for a total value of $241,319.19. Following the completion of the sale, the senior vice president now owns 1,941 shares in the company, valued at $719,509.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jay D. Burchfield sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $381.08, for a total transaction of $381,080.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,773 shares of company stock worth $669,481. 2.52% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc lifted its stake in O’Reilly Automotive by 0.4% during the second quarter. World Asset Management Inc now owns 5,826 shares of the specialty retailer’s stock worth $2,152,000 after purchasing an additional 26 shares during the period. North American Management Corp lifted its stake in O’Reilly Automotive by 4.6% during the second quarter. North American Management Corp now owns 614 shares of the specialty retailer’s stock worth $227,000 after purchasing an additional 27 shares during the period. Hotaling Investment Management LLC lifted its stake in O’Reilly Automotive by 0.6% during the second quarter. Hotaling Investment Management LLC now owns 5,150 shares of the specialty retailer’s stock worth $1,902,000 after purchasing an additional 32 shares during the period. Squar Milner Financial Services LLC lifted its stake in O’Reilly Automotive by 80.5% during the second quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 33 shares during the period. Finally, Shine Investment Advisory Services Inc. lifted its stake in O’Reilly Automotive by 65.4% during the second quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.

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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