O’Reilly Automotive’s (ORLY) Buy Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report published on Monday,Benzinga reports. The brokerage currently has a $1,475.00 price objective on the specialty retailer’s stock.

A number of other analysts have also recently issued reports on ORLY. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Barclays upped their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Wedbush raised their target price 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, 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 report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,309.29 on Monday. O’Reilly Automotive has a twelve month low of $947.49 and a twelve month high of $1,389.05. The firm has a market cap of $74.99 billion, a PE ratio of 32.20, a P/E/G ratio of 2.34 and a beta of 0.91. The firm’s 50 day moving average price is $1,286.52 and its two-hundred day moving average price is $1,222.22.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Equities analysts anticipate that O’Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 3,073 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the completion of the transaction, the chairman now directly owns 11,397 shares in the company, valued at $14,988,764.55. This represents a 21.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the sale, the senior vice president now owns 275 shares in the company, valued at $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. 1.18% of the stock is owned by company insiders.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of O’Reilly Automotive by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,163,271 shares of the specialty retailer’s stock valued at $6,122,607,000 after buying an additional 17,325 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 73.0% in 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 last quarter. Geode Capital Management LLC lifted its position in shares of O’Reilly Automotive by 1.7% during 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 purchasing an additional 24,135 shares in the last quarter. FMR LLC lifted its position in shares of O’Reilly Automotive by 0.8% during the fourth quarter. FMR LLC now owns 1,443,540 shares of the specialty retailer’s stock worth $1,711,750,000 after purchasing an additional 11,039 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of O’Reilly Automotive by 6.2% during the fourth quarter. Invesco Ltd. now owns 799,848 shares of the specialty retailer’s stock valued at $948,460,000 after purchasing an additional 46,979 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.