O'Reilly Automotive, Inc. (NASDAQ:ORLY) Sees Significant Drop in Short Interest

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 802,700 shares, a decline of 16.7% from the February 28th total of 963,800 shares. Based on an average daily trading volume, of 348,200 shares, the short-interest ratio is currently 2.3 days. Currently, 1.4% of the company's shares are sold short.

Analysts Set New Price Targets

ORLY has been the subject of several recent analyst reports. Barclays raised their target price on shares of O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Guggenheim reissued a "buy" rating and issued a $1,475.00 price objective on shares of O'Reilly Automotive in a research report on Monday, March 10th. BMO Capital Markets upped their target price on O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Mizuho increased their price target on O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their price objective on shares of O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $1,390.81.

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O'Reilly Automotive Price Performance

NASDAQ:ORLY traded down $52.02 during mid-day trading on Friday, hitting $1,389.87. The company's stock had a trading volume of 1,113,634 shares, compared to its average volume of 368,425. The stock has a market cap of $79.56 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.34 and a beta of 0.91. O'Reilly Automotive has a 1 year low of $947.49 and a 1 year high of $1,458.37. The business's fifty day moving average is $1,341.01 and its two-hundred day moving average is $1,250.76.

O'Reilly Automotive's stock is going to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be issued to shareholders after the market closes on Monday, June 9th.

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 (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. Analysts anticipate that O'Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In other news, Chairman Gregory L. Henslee sold 3,073 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the completion of the sale, the chairman now owns 11,397 shares in the company, valued at approximately $14,988,764.55. The trade was a 21.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 248 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total value of $326,410.16. Following the sale, the director now owns 971 shares of the company's stock, valued at approximately $1,278,001.07. This represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $10,409,618 in the last three months. Company insiders own 1.55% of the company's stock.

Institutional Trading of O'Reilly Automotive

A number of institutional investors and hedge funds have recently made changes to their positions in ORLY. Vanguard Group Inc. increased its holdings in 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 worth $6,122,607,000 after acquiring an additional 17,325 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of O'Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after purchasing an additional 728,040 shares in the last quarter. Geode Capital Management LLC raised its position in shares of O'Reilly Automotive by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock worth $1,700,513,000 after purchasing an additional 24,135 shares during the last quarter. FMR LLC lifted its stake in O'Reilly Automotive by 0.8% in the 4th quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer's stock valued at $1,711,750,000 after buying an additional 11,039 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in O'Reilly Automotive by 6.2% in the 4th quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer's stock worth $948,460,000 after buying an additional 46,979 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Company Profile

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.