O’Reilly Automotive, Inc. (ORLY) Given Outperform Rating at Wedbush, Report finds

O’Reilly Automotive, Inc. (ORLY) Given Outperform Rating at Wedbush, Report finds

O’Reilly Automotive, Inc. (NASDAQ:ORLY)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research note issued on Wednesday. They presently have a $310.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 14.12% from the company’s current price.

ORLY has been the topic of several other research reports. Zacks Investment Research downgraded O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. Guggenheim initiated coverage on O’Reilly Automotive in a research note on Wednesday, January 18th. They issued a “neutral” rating and a $310.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $336.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 19th. BTIG Research reissued a “buy” rating and issued a $310.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, January 24th. Finally, Atlantic Securities initiated coverage on O’Reilly Automotive in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $307.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $307.30.

O’Reilly Automotive (NASDAQ:ORLY) traded up 3.61% during mid-day trading on Wednesday, hitting $271.65. The stock had a trading volume of 2,786,225 shares. The stock’s 50-day moving average is $273.56 and its 200 day moving average is $276.61. O’Reilly Automotive has a 52 week low of $238.48 and a 52 week high of $292.84. The company has a market capitalization of $25.66 billion, a P/E ratio of 26.33 and a beta of 0.69.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $2.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.54 by $0.05. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. O’Reilly Automotive had a return on equity of 53.94% and a net margin of 11.97%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.19 EPS. Equities analysts forecast that O’Reilly Automotive will post $12.26 earnings per share for the current fiscal year.

In other news, SVP Randy Johnson sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $277.55, for a total value of $277,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Allen Dumas sold 4,300 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $271.27, for a total transaction of $1,166,461.00. Following the completion of the sale, the senior vice president now owns 4,360 shares of the company’s stock, valued at $1,182,737.20. The disclosure for this sale can be found here. Insiders have sold 55,300 shares of company stock valued at $15,238,211 over the last 90 days. Company insiders own 3.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Price T Rowe Associates Inc. MD increased its position in shares of O’Reilly Automotive by 19.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,963,934 shares of the company’s stock valued at $2,230,778,000 after buying an additional 1,302,716 shares in the last quarter. Jennison Associates LLC increased its position in shares of O’Reilly Automotive by 16.2% in the fourth quarter. Jennison Associates LLC now owns 3,950,943 shares of the company’s stock valued at $1,001,248,000 after buying an additional 549,743 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of O’Reilly Automotive by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,653,777 shares of the company’s stock valued at $726,233,000 after buying an additional 34,978 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of O’Reilly Automotive by 2.3% in the third quarter. BlackRock Fund Advisors now owns 1,709,959 shares of the company’s stock valued at $478,977,000 after buying an additional 37,720 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of O’Reilly Automotive by 2.1% in the third quarter. Principal Financial Group Inc. now owns 1,566,910 shares of the company’s stock valued at $438,908,000 after buying an additional 32,904 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ 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 and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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O’Reilly Automotive, Inc. (ORLY) Given Outperform Rating at Wedbush

O’Reilly Automotive, Inc. (ORLY) Given Outperform Rating at Wedbush

O’Reilly Automotive, Inc. (NASDAQ:ORLY)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research note issued on Wednesday. They presently have a $310.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 14.12% from the company’s current price.

ORLY has been the topic of several other research reports. Zacks Investment Research downgraded O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. Guggenheim initiated coverage on O’Reilly Automotive in a research note on Wednesday, January 18th. They issued a “neutral” rating and a $310.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $336.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 19th. BTIG Research reissued a “buy” rating and issued a $310.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, January 24th. Finally, Atlantic Securities initiated coverage on O’Reilly Automotive in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $307.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $307.30.

O’Reilly Automotive (NASDAQ:ORLY) traded up 3.61% during mid-day trading on Wednesday, hitting $271.65. The stock had a trading volume of 2,786,225 shares. The stock’s 50-day moving average is $273.56 and its 200 day moving average is $276.61. O’Reilly Automotive has a 52 week low of $238.48 and a 52 week high of $292.84. The company has a market capitalization of $25.66 billion, a P/E ratio of 26.33 and a beta of 0.69.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $2.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.54 by $0.05. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. O’Reilly Automotive had a return on equity of 53.94% and a net margin of 11.97%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.19 EPS. Equities analysts forecast that O’Reilly Automotive will post $12.26 earnings per share for the current fiscal year.

In other news, SVP Randy Johnson sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $277.55, for a total value of $277,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Allen Dumas sold 4,300 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $271.27, for a total transaction of $1,166,461.00. Following the completion of the sale, the senior vice president now owns 4,360 shares of the company’s stock, valued at $1,182,737.20. The disclosure for this sale can be found here. Insiders have sold 55,300 shares of company stock valued at $15,238,211 over the last 90 days. Company insiders own 3.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Price T Rowe Associates Inc. MD increased its position in shares of O’Reilly Automotive by 19.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,963,934 shares of the company’s stock valued at $2,230,778,000 after buying an additional 1,302,716 shares in the last quarter. Jennison Associates LLC increased its position in shares of O’Reilly Automotive by 16.2% in the fourth quarter. Jennison Associates LLC now owns 3,950,943 shares of the company’s stock valued at $1,001,248,000 after buying an additional 549,743 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of O’Reilly Automotive by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,653,777 shares of the company’s stock valued at $726,233,000 after buying an additional 34,978 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of O’Reilly Automotive by 2.3% in the third quarter. BlackRock Fund Advisors now owns 1,709,959 shares of the company’s stock valued at $478,977,000 after buying an additional 37,720 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of O’Reilly Automotive by 2.1% in the third quarter. Principal Financial Group Inc. now owns 1,566,910 shares of the company’s stock valued at $438,908,000 after buying an additional 32,904 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ 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 and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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