O’Reilly Automotive, Inc. (NASDAQ:ORLY) Given Consensus Rating of “Moderate Buy” by Analysts
O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Free Report) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $1,007.63.
A number of research analysts have recently issued reports on ORLY shares. Evercore ISI raised their price objective on O’Reilly Automotive from $990.00 to $1,010.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. StockNews.com started coverage on O’Reilly Automotive in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Oppenheimer cut O’Reilly Automotive from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $1,000.00 to $930.00 in a research note on Friday, October 6th. Royal Bank of Canada raised their price objective on O’Reilly Automotive from $988.00 to $1,003.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Finally, Truist Financial raised their price objective on O’Reilly Automotive from $1,068.00 to $1,080.00 and gave the company a “buy” rating in a research note on Friday, October 27th.
Read Our Latest Report on O’Reilly Automotive
O’Reilly Automotive Stock Down 0.4 %
ORLY opened at $973.94 on Thursday. The stock has a market cap of $57.62 billion, a PE ratio of 25.91, a P/E/G ratio of 1.94 and a beta of 0.83. O’Reilly Automotive has a 52 week low of $767.27 and a 52 week high of $1,005.96. The business’s fifty day simple moving average is $939.38 and its 200 day simple moving average is $936.90.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last released its earnings results on Thursday, October 26th. The specialty retailer reported $10.72 EPS for the quarter, beating analysts’ consensus estimates of $10.36 by $0.36. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.09 billion. O’Reilly Automotive had a negative return on equity of 152.96% and a net margin of 14.86%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.17 earnings per share. As a group, equities analysts anticipate that O’Reilly Automotive will post 38.2 earnings per share for the current year.
Insiders Place Their Bets
In other O’Reilly Automotive news, Director Dana Perlman sold 100 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $974.24, for a total value of $97,424.00. Following the completion of the sale, the director now directly owns 1,197 shares in the company, valued at $1,166,165.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas Hendrickson sold 200 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $930.45, for a total transaction of $186,090.00. Following the completion of the transaction, the director now directly owns 1,215 shares in the company, valued at $1,130,496.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana Perlman sold 100 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $974.24, for a total transaction of $97,424.00. Following the transaction, the director now owns 1,197 shares of the company’s stock, valued at $1,166,165.28. The disclosure for this sale can be found here. Insiders sold 18,973 shares of company stock worth $18,490,026 over the last three months. Company insiders own 1.55% of the company’s stock.
Hedge Funds Weigh In On O’Reilly Automotive
Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of O’Reilly Automotive by 694.5% during the first quarter. Envestnet Asset Management Inc. now owns 983,983 shares of the specialty retailer’s stock valued at $111,012,000 after acquiring an additional 860,137 shares in the last quarter. Norges Bank bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $568,266,000. Morgan Stanley increased its position in shares of O’Reilly Automotive by 113.8% during the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after acquiring an additional 635,416 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of O’Reilly Automotive by 99.0% during the first quarter. Bank of New York Mellon Corp now owns 1,101,758 shares of the specialty retailer’s stock valued at $935,370,000 after acquiring an additional 548,065 shares in the last quarter. Finally, Gateway Advisory LLC bought a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $536,000. 82.92% of the stock is currently owned by hedge funds and other institutional investors.
About O’Reilly Automotive (Get Free Report
O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.
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