O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 850,600 shares, a decline of 12.7% from the January 31st total of 974,100 shares. Based on an average daily volume of 332,800 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.5% of the company's shares are short sold.
O'Reilly Automotive Stock Performance
NASDAQ ORLY traded up $27.57 during trading on Monday, reaching $1,346.58. 464,616 shares of the company's stock were exchanged, compared to its average volume of 349,770. The stock has a market cap of $77.12 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The company has a 50 day moving average price of $1,281.29 and a two-hundred day moving average price of $1,220.14. O'Reilly Automotive has a 1 year low of $947.49 and a 1 year high of $1,389.05.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Research analysts forecast that O'Reilly Automotive will post 43.94 EPS for the current fiscal year.
Insider Buying and Selling at O'Reilly Automotive
In other O'Reilly Automotive news, Chairman Gregory L. Henslee sold 3,073 shares of O'Reilly Automotive stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the sale, the chairman now owns 11,397 shares in the company, valued at $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of O'Reilly Automotive stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the completion of the sale, the executive vice president now directly owns 1,398 shares of the company's stock, valued at $1,872,061.80. The trade was a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,894 shares of company stock worth $10,409,618 over the last quarter. 1.55% of the stock is currently owned by company insiders.
Institutional Trading of O'Reilly Automotive
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of O'Reilly Automotive by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,163,271 shares of the specialty retailer's stock valued at $6,122,607,000 after purchasing an additional 17,325 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of O'Reilly Automotive by 73.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock valued at $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of O'Reilly Automotive by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock valued at $1,700,513,000 after purchasing an additional 24,135 shares during the last quarter. FMR LLC raised its stake in O'Reilly Automotive by 0.8% during the 4th quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer's stock valued at $1,711,750,000 after acquiring an additional 11,039 shares during the last quarter. Finally, Invesco Ltd. raised its stake in O'Reilly Automotive by 6.2% during the 4th quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer's stock valued at $948,460,000 after acquiring an additional 46,979 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ORLY has been the subject of a number of research reports. DA Davidson lifted their price objective on O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Guggenheim reissued a "buy" rating and set a $1,475.00 target price on shares of O'Reilly Automotive in a research note on Monday. Morgan Stanley raised O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. StockNews.com raised O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Buy" and an average target price of $1,390.81.
Read Our Latest Stock Report on O'Reilly Automotive
O'Reilly Automotive Company Profile
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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.
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