O’Reilly Automotive (NASDAQ:ORLY – Get Rating) was upgraded by equities researchers at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a $740.00 price objective on the specialty retailer’s stock, up from their previous price objective of $700.00. DA Davidson’s price target would suggest a potential upside of 17.13% from the company’s previous close.
ORLY has been the topic of several other research reports. Bank of America raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price objective on the stock in a research note on Tuesday, May 10th. Truist Financial lowered their target price on O’Reilly Automotive from $837.00 to $788.00 in a report on Friday, April 29th. StockNews.com assumed coverage on O’Reilly Automotive in a report on Thursday, March 31st. They set a “buy” rating for the company. Citigroup lowered their target price on O’Reilly Automotive from $720.00 to $662.00 in a report on Friday, May 13th. Finally, Wells Fargo & Company lowered their target price on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $721.04.
Shares of O’Reilly Automotive stock opened at $631.76 on Wednesday. The company has a market capitalization of $41.52 billion, a PE ratio of 20.24, a PEG ratio of 1.55 and a beta of 1.04. O’Reilly Automotive has a 12 month low of $562.90 and a 12 month high of $748.68. The stock’s fifty day simple moving average is $624.64 and its 200 day simple moving average is $660.79.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The specialty retailer reported $7.17 EPS for the quarter, missing the consensus estimate of $7.43 by ($0.26). The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.28 billion. O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. During the same period in the previous year, the business posted $7.06 EPS. Equities research analysts predict that O’Reilly Automotive will post 32.62 EPS for the current fiscal year.
In other news, SVP Jeffrey Lynn Groves bought 175 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $572.77 per share, for a total transaction of $100,234.75. Following the purchase, the senior vice president now owns 721 shares of the company’s stock, valued at approximately $412,967.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeremy Adam Fletcher bought 835 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average price of $600.00 per share, with a total value of $501,000.00. Following the completion of the purchase, the chief financial officer now directly owns 1,897 shares in the company, valued at approximately $1,138,200. The disclosure for this purchase can be found here. 1.73% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the business. Lloyd Advisory Services LLC. acquired a new stake in O’Reilly Automotive during the first quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in O’Reilly Automotive during the first quarter worth approximately $27,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in O’Reilly Automotive during the fourth quarter worth approximately $28,000. Mascoma Wealth Management LLC acquired a new stake in O’Reilly Automotive during the fourth quarter worth approximately $30,000. Finally, Atlas Capital Advisors LLC acquired a new stake in O’Reilly Automotive during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 82.76% of the company’s stock.
O’Reilly Automotive Company Profile (Get Rating)
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. 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.
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Source: defenseworld.net
