O'Reilly Automotive (NASDAQ:ORLY) Upgraded by BNP Paribas to "Strong-Buy"

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) was upgraded by stock analysts at BNP Paribas to a "strong-buy" rating in a report issued on Friday, Zacks.com reports.

Several other equities analysts also recently weighed in on ORLY. TD Cowen boosted their target price on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a research report on Friday. Bank of America boosted their price objective on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. UBS Group dropped their price target on shares of O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating for the company in a research note on Thursday, July 18th. Roth Mkm reissued a "buy" rating and issued a $1,337.00 price objective on shares of O'Reilly Automotive in a research report on Wednesday, October 16th. Finally, Evercore ISI boosted their target price on O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,242.13.

O'Reilly Automotive Trading Down 1.8 %

Shares of ORLY stock traded down $21.21 on Friday, reaching $1,175.90. The company's stock had a trading volume of 470,604 shares, compared to its average volume of 374,669. The company has a market capitalization of $68.21 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.92. The stock's fifty day simple moving average is $1,152.02 and its 200-day simple moving average is $1,082.71. O'Reilly Automotive has a 1 year low of $914.50 and a 1 year high of $1,221.18.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the firm earned $10.72 earnings per share. The business's quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that O'Reilly Automotive will post 40.85 earnings per share for the current year.

Insider Activity

In other O'Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Gregory D. Johnson sold 15,364 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at $5,698,978.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lawrence P. Oreilly sold 13,765 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,734 shares of company stock worth $35,789,929. Corporate insiders own 1.18% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

Institutional investors and hedge funds have recently made changes to their positions in the stock. Trifecta Capital Advisors LLC lifted its stake in O'Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after acquiring an additional 23 shares during the period. Princeton Global Asset Management LLC acquired a new stake in O'Reilly Automotive during the 3rd quarter worth about $41,000. Crewe Advisors LLC acquired a new stake in O'Reilly Automotive during the 1st quarter worth about $43,000. Kings Path Partners LLC purchased a new position in shares of O'Reilly Automotive during the 2nd quarter valued at about $44,000. Finally, ORG Partners LLC acquired a new position in shares of O'Reilly Automotive in the 2nd quarter valued at about $48,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

About O'Reilly Automotive

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.