O’Reilly Automotive’s (ORLY) Neutral Rating Reaffirmed at Wedbush

O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Wedbush in a report released on Thursday, Benzinga reports. They currently have a $1,100.00 price target on the specialty retailer’s stock. Wedbush’s target price suggests a potential upside of 0.67% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada upped their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays increased their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. The Goldman Sachs Group increased their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Evercore ISI cut their price target on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $1,115.19.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $1,092.70 on Thursday. The company has a market capitalization of $64.50 billion, a P/E ratio of 28.40, a PEG ratio of 1.98 and a beta of 0.86. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11. The business’s 50 day simple moving average is $1,097.21 and its 200-day simple moving average is $1,014.34.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 24th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. O’Reilly Automotive’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $8.28 EPS. On average, sell-side analysts anticipate that O’Reilly Automotive will post 42.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the transaction, the chairman now directly owns 205,095 shares of the company’s stock, valued at $217,933,947. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares in the company, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,968 shares of company stock worth $27,269,333. Corporate insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its holdings in shares of O’Reilly Automotive by 31.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,680 shares of the specialty retailer’s stock valued at $12,056,000 after purchasing an additional 2,573 shares during the period. Zhang Financial LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter valued at approximately $255,000. V Square Quantitative Management LLC lifted its stake in O’Reilly Automotive by 114.3% in the 1st quarter. V Square Quantitative Management LLC now owns 450 shares of the specialty retailer’s stock worth $508,000 after purchasing an additional 240 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in O’Reilly Automotive in the 1st quarter worth approximately $37,000. Finally, Simplicity Wealth LLC purchased a new stake in O’Reilly Automotive in the 1st quarter worth approximately $1,295,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

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.