O'Reilly Automotive (NASDAQ:ORLY) had its target price increased by Credit Suisse Group from $241.00 to $264.00 in a report published on Thursday, MarketBeat.com reports. Credit Suisse Group currently has a neutral rating on the specialty retailer’s stock. The analysts noted that the move was a valuation call.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised O'Reilly Automotive from a hold rating to a buy rating and set a $272.00 price target on the stock in a research note on Wednesday, December 27th. Oppenheimer set a $220.00 price target on O'Reilly Automotive and gave the stock a buy rating in a research note on Thursday, October 26th. UBS Group restated a buy rating and set a $240.00 price objective (up from $230.00) on shares of O'Reilly Automotive in a research report on Thursday, October 19th. Moffett Nathanson began coverage on O'Reilly Automotive in a research report on Monday, December 4th. They set a buy rating for the company. Finally, Citigroup raised their price objective on O'Reilly Automotive from $276.00 to $283.00 and gave the stock a buy rating in a research report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $251.05.

O'Reilly Automotive (NASDAQ:ORLY) opened at $249.83 on Thursday. The firm has a market capitalization of $21,061.17, a PE ratio of 19.72, a P/E/G ratio of 1.08 and a beta of 0.90. O'Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $279.23. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.93 and a quick ratio of 0.10.

O'Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.12. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. O'Reilly Automotive’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $2.59 EPS. analysts expect that O'Reilly Automotive will post 15.54 earnings per share for the current fiscal year.

O'Reilly Automotive announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

In other news, Chairman David E. Oreilly sold 70,000 shares of O'Reilly Automotive stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the completion of the sale, the chairman now directly owns 135,776 shares in the company, valued at approximately $29,910,095.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gregory D. Johnson sold 5,000 shares of O'Reilly Automotive stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $220.00, for a total value of $1,100,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,580 shares of company stock valued at $39,241,985. 3.12% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. NEXT Financial Group Inc acquired a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $100,000. Amica Retiree Medical Trust acquired a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $107,000. NuWave Investment Management LLC acquired a new stake in shares of O'Reilly Automotive during the 4th quarter valued at about $122,000. Tower Research Capital LLC TRC lifted its holdings in shares of O'Reilly Automotive by 58.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock valued at $157,000 after buying an additional 240 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of O'Reilly Automotive during the 3rd quarter valued at about $141,000. Institutional investors and hedge funds own 88.21% of the company’s stock.

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About O'Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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

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