O'Reilly Automotive (NASDAQ:ORLY) Coverage Initiated by Analysts at BMO Capital Markets

Equities research analysts at BMO Capital Markets initiated coverage on shares of O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) in a research note issued on Friday, MarketBeat reports. The brokerage set an "outperform" rating and a $1,400.00 price target on the specialty retailer's stock. BMO Capital Markets' price objective would suggest a potential upside of 10.18% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Evercore ISI raised their price target on O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. BNP Paribas upgraded O'Reilly Automotive to a "strong-buy" rating in a research report on Friday, October 25th. Wedbush restated a "neutral" rating and issued a $1,200.00 target price on shares of O'Reilly Automotive in a report on Thursday, October 24th. Morgan Stanley lifted their price target on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Finally, Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,257.00.

O'Reilly Automotive Trading Up 0.1 %

Shares of NASDAQ:ORLY traded up $0.88 during midday trading on Friday, hitting $1,270.60. 203,091 shares of the stock were exchanged, compared to its average volume of 370,438. The stock has a market cap of $73.35 billion, a P/E ratio of 31.41, a PEG ratio of 2.57 and a beta of 0.93. O'Reilly Automotive has a twelve month low of $914.50 and a twelve month high of $1,281.95. The company has a 50 day moving average price of $1,210.82 and a 200-day moving average price of $1,124.87.

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

Insider Activity at O'Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company's stock.

Hedge Funds Weigh In On O'Reilly Automotive

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of O'Reilly Automotive by 3.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer's stock worth $1,954,404,000 after buying an additional 57,194 shares during the last quarter. Wellington Management Group LLP raised its stake in 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 acquiring an additional 728,040 shares during the period. Geode Capital Management LLC lifted its holdings in O'Reilly Automotive by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock worth $1,700,513,000 after acquiring an additional 24,135 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in O'Reilly Automotive by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer's stock valued at $1,505,649,000 after acquiring an additional 19,211 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in O'Reilly Automotive by 99,957.0% in the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock valued at $984,027,000 after acquiring an additional 853,633 shares during the period. 85.00% of the stock is currently owned by institutional investors.

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.