O’Reilly Automotive (ORLY) Cut to “Buy” at BidaskClub

Share on StockTwits

BidaskClub lowered shares of O’Reilly Automotive (NASDAQ:ORLY) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday.

A number of other equities research analysts also recently commented on the company. Bank of America reiterated a top pick rating and set a $390.00 price objective (up previously from $330.00) on shares of O’Reilly Automotive in a research report on Monday, September 17th. Zacks Investment Research downgraded O’Reilly Automotive from a buy rating to a hold rating in a research report on Tuesday, September 25th. Wells Fargo & Co increased their price objective on O’Reilly Automotive from $345.00 to $375.00 and gave the company an outperform rating in a research report on Friday, October 26th. Wolfe Research downgraded O’Reilly Automotive from an outperform rating to a market perform rating in a research report on Friday, October 26th. Finally, Jefferies Financial Group increased their price objective on O’Reilly Automotive from $350.00 to $375.00 and gave the company a buy rating in a research report on Friday, October 26th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. O’Reilly Automotive currently has a consensus rating of Buy and a consensus target price of $350.25.

ORLY traded down $4.71 during trading on Wednesday, reaching $338.73. The stock had a trading volume of 543,258 shares, compared to its average volume of 874,862. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.91 and a quick ratio of 0.11. O’Reilly Automotive has a 1-year low of $217.64 and a 1-year high of $363.20.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.19. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.49 billion. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%. Equities analysts expect that O’Reilly Automotive will post 16.12 EPS for the current fiscal year.

O’Reilly Automotive announced that its board has initiated a share buyback plan on Tuesday, November 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, SVP Jeffrey Alan Lauro sold 12,526 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $351.06, for a total value of $4,397,377.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.07% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. Renaissance Technologies LLC increased its stake in shares of O’Reilly Automotive by 2.9% in the second quarter. Renaissance Technologies LLC now owns 164,716 shares of the specialty retailer’s stock worth $45,061,000 after acquiring an additional 4,622 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of O’Reilly Automotive by 14.2% in the second quarter. Van ECK Associates Corp now owns 7,015 shares of the specialty retailer’s stock worth $1,919,000 after acquiring an additional 871 shares during the last quarter. First Republic Investment Management Inc. increased its stake in shares of O’Reilly Automotive by 7.3% in the second quarter. First Republic Investment Management Inc. now owns 15,578 shares of the specialty retailer’s stock worth $4,262,000 after acquiring an additional 1,062 shares during the last quarter. Morgan Stanley increased its stake in shares of O’Reilly Automotive by 100.8% in the second quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock worth $143,236,000 after acquiring an additional 262,779 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of O’Reilly Automotive in the second quarter worth $12,000,000. Institutional investors own 84.92% of the company’s stock.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

Featured Story: Ex-Dividend

Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Village Farms International  Trading 20.4% Higher
Village Farms International Trading 20.4% Higher
Enablence Technologies  Trading Down 16.7%
Enablence Technologies Trading Down 16.7%
Q4 2019 EPS Estimates for Citizens Financial Group Inc  Lowered by Wedbush
Q4 2019 EPS Estimates for Citizens Financial Group Inc Lowered by Wedbush
Wynn Resorts, Limited Expected to Post FY2020 Earnings of $7.70 Per Share
Wynn Resorts, Limited Expected to Post FY2020 Earnings of $7.70 Per Share
UBS Group Reaffirms Buy Rating for Puma AG Rudolf Dassler Sport
UBS Group Reaffirms Buy Rating for Puma AG Rudolf Dassler Sport
Trevali Mining  Price Target Lowered to C$0.60 at National Bank Financial
Trevali Mining Price Target Lowered to C$0.60 at National Bank Financial


Leave a Reply

 
© 2006-2019 Zolmax.