O’Reilly Automotive, Inc. (NASDAQ:ORLY) had its price target reduced by stock analysts at Deutsche Bank AG from $272.00 to $190.00 in a research report issued on Thursday, July 6th. The firm presently has a “hold” rating on the specialty retailer’s stock. Deutsche Bank AG’s price objective would indicate a potential downside of 7.34% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Goldman Sachs Group Inc raised O’Reilly Automotive from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $262.00 to $210.00 in a report on Thursday, July 6th. Credit Suisse Group cut O’Reilly Automotive from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $262.00 to $195.00 in a report on Thursday, July 6th. Morgan Stanley cut O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $200.00 to $195.00 in a report on Thursday, July 6th. Barclays PLC set a $234.00 price target on O’Reilly Automotive and gave the stock an “overweight” rating in a report on Thursday, July 6th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $210.00 price target (down previously from $295.00) on shares of O’Reilly Automotive in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Hold” and an average price target of $242.80.

O’Reilly Automotive (NASDAQ ORLY) opened at 205.05 on Thursday. O’Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $291.56. The firm’s 50-day moving average is $202.81 and its 200 day moving average is $245.61. The stock has a market capitalization of $18.04 billion, a P/E ratio of 17.96 and a beta of 0.74.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.65 EPS. Equities research analysts anticipate that O’Reilly Automotive will post $11.88 earnings per share for the current year.

O’Reilly Automotive declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the transaction, the chairman now owns 145,568 shares in the company, valued at $36,473,518.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the completion of the transaction, the senior vice president now owns 9,224 shares in the company, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,080 shares of company stock worth $6,704,107. Corporate insiders own 3.12% of the company’s stock.

Several hedge funds have recently modified their holdings of ORLY. BlackRock Inc. increased its stake in shares of O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares during the period. Waddell & Reed Financial Inc. increased its stake in shares of O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after buying an additional 917,800 shares during the period. Vontobel Asset Management Inc. bought a new stake in shares of O’Reilly Automotive during the second quarter valued at approximately $119,025,000. TIAA CREF Investment Management LLC increased its stake in shares of O’Reilly Automotive by 117.2% in the first quarter. TIAA CREF Investment Management LLC now owns 825,717 shares of the specialty retailer’s stock valued at $222,811,000 after buying an additional 445,609 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of O’Reilly Automotive by 109.1% in the first quarter. Alliancebernstein L.P. now owns 792,138 shares of the specialty retailer’s stock valued at $213,751,000 after buying an additional 413,385 shares during the period. 92.47% of the stock is owned by hedge funds and other institutional investors.

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 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.

Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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