Oppenheimer Holdings, Inc. Trims O’Reilly Automotive, Inc. (ORLY) Target Price to $220.00
O’Reilly Automotive, Inc. (NASDAQ:ORLY) had its price target lowered by Oppenheimer Holdings, Inc. from $300.00 to $220.00 in a report released on Thursday. The brokerage currently has an outperform rating on the specialty retailer’s stock.
Other research analysts have also issued reports about the company. UBS AG lowered O’Reilly Automotive from a positive rating to a neutral rating in a report on Tuesday, June 20th. Susquehanna Bancshares Inc reissued a neutral rating and set a $302.00 target price on shares of O’Reilly Automotive in a report on Tuesday, June 20th. Jefferies Group LLC reissued a buy rating and set a $302.00 target price on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Zacks Investment Research raised O’Reilly Automotive from a sell rating to a hold rating in a report on Monday, May 1st. Finally, Bank of America Corporation lowered O’Reilly Automotive from a buy rating to a neutral rating and decreased their target price for the stock from $325.00 to $200.00 in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $253.70.
O’Reilly Automotive (NASDAQ:ORLY) traded down 0.26% during midday trading on Thursday, hitting $188.19. The stock had a trading volume of 2,212,144 shares. O’Reilly Automotive has a 1-year low of $169.43 and a 1-year high of $292.84. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 17.15 and a beta of 0.76. The firm has a 50-day moving average price of $212.51 and a 200-day moving average price of $250.86.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by $0.28. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.22 billion. O’Reilly Automotive had a return on equity of 61.79% and a net margin of 12.10%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.59 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive will post $11.74 earnings per share for the current year.
O’Reilly Automotive announced that its board has authorized a share repurchase plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
In other news, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the completion of the sale, the chairman now directly owns 145,568 shares in the company, valued at approximately $36,473,518.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total value of $227,489.60. Following the sale, the senior vice president now owns 9,224 shares of the company’s stock, valued at $2,017,657.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,640 shares of company stock valued at $6,639,552. Corporate insiders own 3.12% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Nikko Asset Management Americas Inc. bought a new stake in O’Reilly Automotive during the first quarter worth $108,000. Parkside Financial Bank & Trust increased its stake in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after buying an additional 5 shares during the last quarter. Proficio Capital Partners LLC increased its stake in O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock worth $119,000 after buying an additional 93 shares during the last quarter. FTB Advisors Inc. increased its stake in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock worth $124,000 after buying an additional 263 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in O’Reilly Automotive during the first quarter worth $177,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s 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, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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