O'Reilly Automotive (NASDAQ:ORLY) Earns Buy Rating from Guggenheim

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report)'s stock had its "buy" rating reissued by analysts at Guggenheim in a note issued to investors on Monday,Benzinga reports. They presently have a $1,475.00 price objective on the specialty retailer's stock. Guggenheim's price objective indicates a potential upside of 11.40% from the stock's previous close.

A number of other research analysts also recently commented on the company. StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Evercore ISI increased their target price on O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. UBS Group increased their price target on O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wedbush increased their price target on O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Finally, Morgan Stanley upgraded O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $1,390.81.

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O'Reilly Automotive Stock Down 1.7 %

ORLY stock traded down $22.52 during midday trading on Monday, hitting $1,324.06. The company's stock had a trading volume of 403,380 shares, compared to its average volume of 350,947. The firm has a market capitalization of $75.83 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. O'Reilly Automotive has a 12 month low of $947.49 and a 12 month high of $1,389.05. The company has a 50 day moving average of $1,284.05 and a two-hundred day moving average of $1,221.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating analysts' consensus estimates 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%. On average, analysts anticipate that O'Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, Director Maria Sastre sold 248 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now owns 971 shares of the company's stock, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now directly owns 275 shares of the company's stock, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock valued at $10,409,618 over the last quarter. 1.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On O'Reilly Automotive

Institutional investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC boosted its holdings in O'Reilly Automotive by 23.2% in the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer's stock worth $40,349,000 after acquiring an additional 6,418 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in O'Reilly Automotive by 4.7% in the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer's stock worth $22,568,000 after acquiring an additional 882 shares in the last quarter. Montecito Bank & Trust purchased a new position in shares of O'Reilly Automotive in the fourth quarter worth about $365,000. Y Intercept Hong Kong Ltd raised its stake in shares of O'Reilly Automotive by 824.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer's stock worth $4,276,000 after purchasing an additional 3,216 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of O'Reilly Automotive by 6.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer's stock worth $32,138,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

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.