O’Reilly Automotive (ORLY) Receiving Somewhat Favorable Press Coverage, Report Shows
News coverage about O’Reilly Automotive (NASDAQ:ORLY) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. O’Reilly Automotive earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.6285089504226 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of O’Reilly Automotive (NASDAQ ORLY) opened at 209.86 on Friday. O’Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $286.57. The firm has a market capitalization of $18.47 billion, a PE ratio of 18.38 and a beta of 0.76. The stock has a 50 day moving average of $200.96 and a 200-day moving average of $230.85.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 EPS. On average, equities research analysts anticipate that O’Reilly Automotive will post $11.87 EPS for the current fiscal year.
O’Reilly Automotive declared that its board has authorized a share buyback program on Friday, September 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages recently issued reports on ORLY. UBS AG downgraded shares of 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 price target 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 price target on shares of O’Reilly Automotive in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. decreased their price objective on shares of O’Reilly Automotive from $300.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, July 20th. Finally, Bank of America Corporation downgraded shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $325.00 to $200.00 in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $245.30.
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In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $200.87, for a total value of $1,004,350.00. Following the completion of the transaction, the director now owns 72,562 shares in the company, valued at approximately $14,575,528.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.19, for a total value of $205,077.60. Following the completion of the transaction, the senior vice president now owns 9,238 shares of the company’s stock, valued at approximately $1,821,641.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,120 shares of company stock valued at $3,687,235. 3.12% of the stock is owned by company insiders.
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.
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