O’Reilly Automotive’s (ORLY) Buy Rating Reiterated at Roth Mkm

Roth Mkm restated their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research note published on Wednesday, Marketbeat reports. The brokerage currently has a $1,337.00 price objective on the specialty retailer’s stock.

Several other research firms have also recently commented on ORLY. Bank of America upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI lifted their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Royal Bank of Canada cut their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. UBS Group lowered their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $1,206.87.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,210.96 on Wednesday. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.05. The firm has a fifty day moving average price of $1,142.14 and a two-hundred day moving average price of $1,078.73. The firm has a market cap of $71.32 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $10.22 EPS. As a group, sell-side analysts expect that O’Reilly Automotive will post 41.1 earnings per share for the current year.

Insider Activity

In related news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,411 shares of company stock worth $56,846,062. Insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently modified their holdings of ORLY. Allspring Global Investments Holdings LLC lifted its holdings in O’Reilly Automotive by 19.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 43,637 shares of the specialty retailer’s stock worth $50,253,000 after buying an additional 7,010 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in O’Reilly Automotive by 10.2% in the third quarter. Resonant Capital Advisors LLC now owns 1,019 shares of the specialty retailer’s stock valued at $1,173,000 after acquiring an additional 94 shares during the last quarter. Verde Capital Management acquired a new stake in O’Reilly Automotive in the third quarter worth about $1,154,000. McBroom & Associates LLC raised its holdings in O’Reilly Automotive by 1.9% during the 3rd quarter. McBroom & Associates LLC now owns 7,963 shares of the specialty retailer’s stock worth $9,170,000 after purchasing an additional 149 shares during the last quarter. Finally, Pelham Capital Ltd. lifted its position in O’Reilly Automotive by 33.8% during the 3rd quarter. Pelham Capital Ltd. now owns 10,714 shares of the specialty retailer’s stock valued at $12,338,000 after purchasing an additional 2,707 shares during the period. 85.00% of the stock is owned by institutional investors.

About O’Reilly Automotive

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.