O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “top pick” rating reissued by research analysts at Bank of America in a research report issued to clients and investors on Monday, The Fly reports. They presently have a $390.00 price target on the specialty retailer’s stock, up from their prior price target of $330.00. Bank of America’s target price indicates a potential upside of 15.84% from the company’s current price.

Other equities analysts have also issued reports about the company. Morgan Stanley boosted their target price on O’Reilly Automotive from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Jefferies Financial Group restated a “buy” rating and set a $350.00 target price on shares of O’Reilly Automotive in a research report on Friday, July 27th. Moffett Nathanson lowered O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research report on Monday, June 25th. Wells Fargo & Co boosted their target price on O’Reilly Automotive from $295.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 12th. They noted that the move was a valuation call. Finally, BidaskClub upgraded O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 7th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. O’Reilly Automotive presently has a consensus rating of “Buy” and an average price target of $327.44.

O’Reilly Automotive stock opened at $336.66 on Monday. The stock has a market cap of $27.29 billion, a PE ratio of 28.43, a P/E/G ratio of 1.36 and a beta of 0.99. O’Reilly Automotive has a 1 year low of $190.00 and a 1 year high of $351.65. The company has a debt-to-equity ratio of 8.45, a current ratio of 0.92 and a quick ratio of 0.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.04 by $0.24. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.43 billion. O’Reilly Automotive had a return on equity of 229.48% and a net margin of 13.42%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.10 EPS. equities analysts forecast that O’Reilly Automotive will post 15.91 EPS for the current year.

In other O’Reilly Automotive news, SVP Jeremy Adam Fletcher sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $335.00, for a total transaction of $837,500.00. Following the completion of the transaction, the senior vice president now owns 3,428 shares of the company’s stock, valued at approximately $1,148,380. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Scott E. Kraus sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $305.00, for a total value of $1,525,000.00. Following the transaction, the senior vice president now directly owns 6,477 shares of the company’s stock, valued at approximately $1,975,485. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 243,927 shares of company stock valued at $73,976,510. Insiders own 3.07% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. bought a new stake in O’Reilly Automotive in the 2nd quarter valued at $112,000. Resources Investment Advisors Inc. raised its stake in O’Reilly Automotive by 66.5% in the 1st quarter. Resources Investment Advisors Inc. now owns 621 shares of the specialty retailer’s stock valued at $154,000 after acquiring an additional 248 shares during the period. Summit Trail Advisors LLC raised its stake in O’Reilly Automotive by 25,189.5% in the 1st quarter. Summit Trail Advisors LLC now owns 172,980 shares of the specialty retailer’s stock valued at $173,000 after acquiring an additional 172,296 shares during the period. Cerebellum GP LLC bought a new stake in O’Reilly Automotive in the 2nd quarter valued at $178,000. Finally, Archford Capital Strategies LLC bought a new stake in O’Reilly Automotive in the 1st quarter valued at $191,000. 86.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

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.

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The Fly

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

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