Tributary Capital Management LLC Grows Stock Position in O’Reilly Automotive, Inc. $ORLY

Tributary Capital Management LLC lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,367.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,390 shares of the specialty retailer’s stock after purchasing an additional 3,159 shares during the quarter. Tributary Capital Management LLC’s holdings in O’Reilly Automotive were worth $306,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of Jackson Hole Trust purchased a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $25,000. HighMark Wealth Management LLC raised its stake in shares of O’Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 13 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $30,000. Saudi Central Bank purchased a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $98.27 on Friday. The firm has a market capitalization of $83.38 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. O’Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The stock’s fifty day moving average is $103.66 and its two-hundred day moving average is $96.55.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. O’Reilly Automotive had a negative return on equity of 190.20% and a net margin of 14.23%.O’Reilly Automotive’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ORLY shares. Morgan Stanley upped their price target on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday. DA Davidson upped their price objective on O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 25th. TD Cowen upped their price objective on O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Evercore ISI upped their price objective on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Finally, UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $111.12.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 595 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last ninety days. 1.01% of the stock is currently owned by company insiders.

O’Reilly Automotive 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.