O’Reilly Automotive (NASDAQ:ORLY) Given New $530.00 Price Target at Guggenheim

O’Reilly Automotive (NASDAQ:ORLY) had its target price lifted by Guggenheim from $431.00 to $530.00 in a report issued on Friday, The Fly reports. They currently have a buy rating on the specialty retailer’s stock.

ORLY has been the topic of a number of other reports. Oppenheimer assumed coverage on shares of O’Reilly Automotive in a research note on Thursday. They issued a hold rating on the stock. Morgan Stanley raised their price target on O’Reilly Automotive from $395.00 to $470.00 and gave the stock an overweight rating in a report on Monday, July 20th. Royal Bank of Canada upped their price objective on O’Reilly Automotive from $437.00 to $505.00 and gave the company an outperform rating in a research note on Tuesday. Stephens reiterated an overweight rating and issued a $380.00 target price (up from $350.00) on shares of O’Reilly Automotive in a research note on Thursday, April 16th. Finally, Nomura Instinet increased their price target on O’Reilly Automotive from $372.00 to $390.00 and gave the stock a neutral rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. O’Reilly Automotive has an average rating of Hold and an average target price of $441.42.

Shares of O’Reilly Automotive stock traded down $3.14 on Friday, hitting $477.38. The stock had a trading volume of 656,013 shares, compared to its average volume of 581,051. The stock has a market cap of $35.44 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 2.04 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.14 and a debt-to-equity ratio of 9.81. O’Reilly Automotive has a 52-week low of $251.51 and a 52-week high of $487.95. The company’s 50 day moving average price is $428.48 and its 200 day moving average price is $392.96.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.10 by $3.00. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.60 billion. O’Reilly Automotive had a return on equity of 490.94% and a net margin of 14.45%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.51 earnings per share. Analysts predict that O’Reilly Automotive will post 16.92 EPS for the current fiscal year.

In other O’Reilly Automotive news, CEO Gregory D. Johnson sold 3,374 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $400.30, for a total value of $1,350,612.20. Following the completion of the sale, the chief executive officer now directly owns 7,734 shares of the company’s stock, valued at approximately $3,095,920.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 1,839 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $435.00, for a total value of $799,965.00. Following the completion of the transaction, the senior vice president now owns 2,646 shares of the company’s stock, valued at $1,151,010. The disclosure for this sale can be found here. Insiders sold 25,213 shares of company stock worth $10,866,177 over the last 90 days. Company insiders own 2.43% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Ellevest Inc. grew its holdings in O’Reilly Automotive by 100.0% in the 1st quarter. Ellevest Inc. now owns 88 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 44 shares during the period. Meeder Asset Management Inc. increased its position in O’Reilly Automotive by 85.1% during the first quarter. Meeder Asset Management Inc. now owns 87 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Paragon Capital Management LLC purchased a new position in O’Reilly Automotive during the first quarter worth approximately $30,000. Asset Advisors Investment Management LLC acquired a new position in shares of O’Reilly Automotive in the 2nd quarter valued at $32,000. Finally, Eudaimonia Partners LLC grew its stake in shares of O’Reilly Automotive by 130.1% during the 1st quarter. Eudaimonia Partners LLC now owns 168 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 81.97% of the company’s stock.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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