O’Reilly Automotive (NASDAQ:ORLY) Rating Increased to Buy at StockNews.com

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages also recently weighed in on ORLY. Royal Bank of Canada raised their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Stephens reissued an “overweight” rating and issued a $1,060.00 price target on shares of O’Reilly Automotive in a report on Tuesday, December 19th. Barclays raised their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Wedbush raised their price target on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,089.59.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,094.80 on Tuesday. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11. The stock’s 50-day moving average is $1,091.08 and its 200 day moving average is $1,007.49. The company has a market cap of $64.63 billion, a P/E ratio of 28.45, a PEG ratio of 1.94 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the company earned $8.37 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts anticipate that O’Reilly Automotive will post 42.09 EPS for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the sale, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,968 shares of company stock valued at $27,269,333. Company insiders own 1.18% of the company’s stock.

Institutional Trading of O’Reilly Automotive

A number of institutional investors have recently made changes to their positions in ORLY. Cornerstone Planning Group LLC acquired a new stake in shares of O’Reilly Automotive in the second quarter worth approximately $25,000. Steward Financial Group LLC boosted its stake in shares of O’Reilly Automotive by 141.7% in the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 17 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter worth approximately $30,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter worth approximately $34,000. Finally, Carmel Capital Partners LLC boosted its stake in shares of O’Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 35 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

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.