Royal Bank Of Canada Reaffirms “Outperform” Rating for O’Reilly Automotive (NASDAQ:ORLY)

O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued on Wednesday,Benzinga reports. They currently have a $98.00 target price on the specialty retailer’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 7.63% from the company’s current price.

ORLY has been the subject of several other research reports. Guggenheim restated a “buy” rating and set a $98.33 target price on shares of O’Reilly Automotive in a report on Monday, March 10th. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $95.00 to $103.33 and gave the stock an “overweight” rating in a report on Wednesday, April 16th. UBS Group increased their target price on shares of O’Reilly Automotive from $102.33 to $105.33 and gave the stock a “buy” rating in a report on Thursday, April 24th. Barclays increased their target price on shares of O’Reilly Automotive from $83.33 to $86.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Finally, Morgan Stanley restated an “overweight” rating on shares of O’Reilly Automotive in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $94.38.

O’Reilly Automotive Stock Up 1.9%

Shares of ORLY stock opened at $91.05 on Wednesday. The firm has a fifty day moving average of $90.73 and a 200-day moving average of $88.35. O’Reilly Automotive has a 12-month low of $67.55 and a 12-month high of $97.22. The company has a market capitalization of $77.83 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 2.43 and a beta of 0.58.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). O’Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that O’Reilly Automotive will post 43.94 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Najera Jose A. Montellano sold 285 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Raymond Murphy sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $91.93, for a total transaction of $275,800.00. Following the transaction, the director directly owned 4,560 shares in the company, valued at approximately $419,216. This represents a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,285 shares of company stock worth $3,022,386. 1.01% of the stock is owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently bought and sold shares of the business. Bank Pictet & Cie Europe AG increased its holdings in O’Reilly Automotive by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer’s stock valued at $41,848,000 after buying an additional 1,208 shares during the period. Fisher Asset Management LLC increased its holdings in O’Reilly Automotive by 15.1% in the 4th quarter. Fisher Asset Management LLC now owns 373 shares of the specialty retailer’s stock valued at $444,000 after buying an additional 49 shares during the period. Norden Group LLC increased its holdings in O’Reilly Automotive by 10.1% in the 4th quarter. Norden Group LLC now owns 304 shares of the specialty retailer’s stock valued at $360,000 after buying an additional 28 shares during the period. SRS Capital Advisors Inc. increased its holdings in O’Reilly Automotive by 39.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 96 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 27 shares during the period. Finally, Modera Wealth Management LLC bought a new position in O’Reilly Automotive in the 4th quarter valued at about $211,000. 85.00% of the stock is owned by institutional investors.

About O’Reilly Automotive

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.