O’Reilly Auto Parts (NASDAQ:ORLY)’s share price hit a new 52-week high and low during trading on Tuesday . The company traded as low as $280.40 and last traded at $267.59, with a volume of 64904 shares trading hands. The stock had previously closed at $281.00.
ORLY has been the subject of a number of research reports. Zacks Investment Research downgraded O’Reilly Auto Parts from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. BidaskClub upgraded O’Reilly Auto Parts from a “sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Guggenheim downgraded O’Reilly Auto Parts from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a research note on Tuesday, April 17th. Raymond James decreased their target price on O’Reilly Auto Parts from $300.00 to $280.00 and set a “strong-buy” rating for the company in a research note on Thursday, April 19th. Finally, Royal Bank of Canada decreased their target price on O’Reilly Auto Parts and set an “outperform” rating for the company in a research note on Tuesday, April 24th. Twelve equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. O’Reilly Auto Parts presently has a consensus rating of “Buy” and a consensus target price of $253.14.
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The company has a quick ratio of 0.11, a current ratio of 0.92 and a debt-to-equity ratio of 7.53. The stock has a market capitalization of $22.29 billion, a PE ratio of 22.59, a P/E/G ratio of 1.14 and a beta of 0.93.
O’Reilly Auto Parts (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, April 25th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.58 by $0.03. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.28 billion. O’Reilly Auto Parts had a return on equity of 175.10% and a net margin of 12.89%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.60 earnings per share. research analysts expect that O’Reilly Auto Parts will post 15.5 EPS for the current fiscal year.
O’Reilly Auto Parts declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In other O’Reilly Auto Parts news, CFO Thomas Mcfall sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $275.00, for a total value of $2,062,500.00. Following the completion of the sale, the chief financial officer now directly owns 12,905 shares in the company, valued at $3,548,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Lee Ellis sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $250.67, for a total value of $376,005.00. Following the completion of the sale, the senior vice president now owns 1,856 shares of the company’s stock, valued at $465,243.52. The disclosure for this sale can be found here. Insiders sold 105,124 shares of company stock valued at $27,686,396 over the last 90 days. 3.07% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. NuWave Investment Management LLC acquired a new stake in O’Reilly Auto Parts in the fourth quarter worth approximately $122,000. Signaturefd LLC acquired a new stake in O’Reilly Auto Parts in the first quarter worth approximately $148,000. Resources Investment Advisors Inc. lifted its position in O’Reilly Auto Parts by 66.5% in the first quarter. Resources Investment Advisors Inc. now owns 621 shares of the specialty retailer’s stock worth $154,000 after purchasing an additional 248 shares during the period. Tower Research Capital LLC TRC lifted its position in O’Reilly Auto Parts by 58.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 240 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in O’Reilly Auto Parts by 25,189.5% in the first quarter. Summit Trail Advisors LLC now owns 172,980 shares of the specialty retailer’s stock worth $173,000 after purchasing an additional 172,296 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.
About O’Reilly Auto Parts
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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.