O'Reilly Automotive (NASDAQ:ORLY) had its target price raised by stock analysts at Robert W. Baird from $230.00 to $290.00 in a note issued to investors on Friday. The firm presently has a “neutral” rating on the specialty retailer’s stock. Robert W. Baird’s price objective points to a potential upside of 16.08% from the company’s current price.

Other analysts have also issued reports about the company. Zacks Investment Research raised O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price on the stock in a report on Wednesday, December 27th. Oppenheimer set a $220.00 target price on O'Reilly Automotive and gave the stock a “buy” rating in a report on Thursday, October 26th. UBS Group reaffirmed a “buy” rating and set a $240.00 target price (up from $230.00) on shares of O'Reilly Automotive in a report on Thursday, October 19th. Moffett Nathanson initiated coverage on O'Reilly Automotive in a report on Monday, December 4th. They set a “buy” rating on the stock. Finally, Citigroup raised their target price on O'Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a 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 assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $251.05.

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

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

O'Reilly Automotive announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In other O'Reilly Automotive news, insider Gregory D. Johnson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $220.00, for a total value of $1,100,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Larry Lee Ellis sold 900 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $215.27, for a total value of $193,743.00. Following the completion of the sale, the senior vice president now directly owns 1,256 shares in the company, valued at $270,379.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,580 shares of company stock worth $39,241,985. 3.12% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in O'Reilly Automotive by 3.1% in the fourth quarter. BlackRock Inc. now owns 6,987,704 shares of the specialty retailer’s stock valued at $1,680,822,000 after purchasing an additional 208,748 shares during the period. Polen Capital Management LLC grew its holdings in O'Reilly Automotive by 0.5% in the fourth quarter. Polen Capital Management LLC now owns 2,684,772 shares of the specialty retailer’s stock valued at $645,795,000 after purchasing an additional 12,251 shares during the period. Principal Financial Group Inc. grew its holdings in O'Reilly Automotive by 45.7% in the third quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock valued at $556,331,000 after purchasing an additional 809,647 shares during the period. Bank of New York Mellon Corp grew its holdings in O'Reilly Automotive by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 1,206,233 shares of the specialty retailer’s stock valued at $259,787,000 after purchasing an additional 52,715 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in O'Reilly Automotive by 3.1% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 847,025 shares of the specialty retailer’s stock valued at $182,424,000 after purchasing an additional 25,272 shares during the period. 88.21% of the stock is currently owned by institutional investors.

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O'Reilly Automotive Company Profile

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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