BidaskClub cut shares of O’Reilly Automotive (NASDAQ:ORLY) from a strong-buy rating to a buy rating in a report published on Saturday morning.

A number of other brokerages also recently issued reports on ORLY. Zacks Investment Research raised shares of O’Reilly Automotive from a sell rating to a hold rating and set a $335.00 price objective on the stock in a research report on Thursday, July 19th. Jefferies Financial Group reaffirmed a buy rating and issued a $350.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 27th. Oppenheimer lifted their price objective on shares of O’Reilly Automotive from $305.00 to $360.00 and gave the stock an outperform rating in a research report on Wednesday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $293.00 to $311.00 and gave the stock a neutral rating in a research report on Friday, July 27th. Finally, Morgan Stanley lifted their price objective on shares of 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. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $323.27.

NASDAQ:ORLY opened at $336.66 on Friday. O’Reilly Automotive has a one year low of $190.00 and a one 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. The stock has a market capitalization of $27.71 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.38 and a beta of 0.99.

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

In other O’Reilly Automotive news, CFO Thomas Mcfall sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $305.21, for a total transaction of $9,156,300.00. Following the sale, the chief financial officer now owns 35,438 shares of the company’s stock, valued at approximately $10,816,031.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Adam Fletcher sold 2,500 shares of the business’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 sale, the senior vice president now directly owns 3,428 shares in the company, valued at approximately $1,148,380. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,927 shares of company stock worth $73,976,510. 3.12% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in O’Reilly Automotive by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,441,213 shares of the specialty retailer’s stock worth $394,273,000 after purchasing an additional 62,889 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of O’Reilly Automotive by 1.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 18,997 shares of the specialty retailer’s stock valued at $5,197,000 after acquiring an additional 344 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of O’Reilly Automotive by 0.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 59,472 shares of the specialty retailer’s stock valued at $16,270,000 after acquiring an additional 382 shares during the last quarter. Atlantic Trust LLC boosted its holdings in shares of O’Reilly Automotive by 70.0% in the 2nd quarter. Atlantic Trust LLC now owns 1,433 shares of the specialty retailer’s stock valued at $392,000 after acquiring an additional 590 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in shares of O’Reilly Automotive by 3,816.4% in the 2nd quarter. WINTON GROUP Ltd now owns 39,634 shares of the specialty retailer’s stock valued at $10,843,000 after acquiring an additional 38,622 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

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.

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

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