Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) saw an uptick in trading volume on Wednesday . 156,913 shares changed hands during mid-day trading, a decline of 59% from the previous session's volume of 380,219 shares.The stock last traded at $968.63 and had previously closed at $970.30.
Analyst Ratings Changes
A number of analysts have recently commented on ORLY shares. Wedbush restated a "neutral" rating and set a $1,100.00 target price on shares of O'Reilly Automotive in a report on Thursday, April 25th. Mizuho began coverage on shares of O'Reilly Automotive in a report on Tuesday, March 19th. They issued a "buy" rating and a $1,225.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of O'Reilly Automotive from $1,300.00 to $1,200.00 and set an "overweight" rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada boosted their price target on O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. Finally, Evercore ISI raised their price objective on O'Reilly Automotive from $1,255.00 to $1,275.00 and gave the company an "outperform" rating in a research report on Tuesday, May 14th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,123.64.
View Our Latest Stock Report on ORLY
O'Reilly Automotive Price Performance
The firm has a 50-day moving average of $1,041.24 and a 200 day moving average of $1,027.23. The company has a market capitalization of $57.53 billion, a PE ratio of 24.79, a PEG ratio of 1.75 and a beta of 0.89.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.18 by $0.02. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm posted $8.28 EPS. The business's quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that O'Reilly Automotive, Inc. will post 41.93 EPS for the current year.
Insiders Place Their Bets
In other news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares of the company's stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other O'Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now directly owns 716 shares of the company's stock, valued at $726,740. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.
Hedge Funds Weigh In On O'Reilly Automotive
A number of institutional investors have recently bought and sold shares of the stock. Merit Financial Group LLC bought a new stake in O'Reilly Automotive during the 3rd quarter worth approximately $205,000. Avantax Advisory Services Inc. lifted its stake in shares of O'Reilly Automotive by 26.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 1,166 shares of the specialty retailer's stock valued at $1,060,000 after buying an additional 245 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in O'Reilly Automotive by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 14,376 shares of the specialty retailer's stock worth $13,066,000 after buying an additional 66 shares during the period. D.A. Davidson & CO. increased its stake in O'Reilly Automotive by 14.0% in the 3rd quarter. D.A. Davidson & CO. now owns 2,355 shares of the specialty retailer's stock worth $2,140,000 after buying an additional 290 shares in the last quarter. Finally, AMG National Trust Bank raised its holdings in O'Reilly Automotive by 15.0% during the third quarter. AMG National Trust Bank now owns 245 shares of the specialty retailer's stock valued at $223,000 after acquiring an additional 32 shares during the period. 85.00% of the stock is owned by institutional investors.
About O'Reilly Automotive
(Get Free Report)
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.
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