O’Reilly Auto Parts (NASDAQ:ORLY) had its price objective reduced by equities research analysts at Royal Bank of Canada in a research report issued on Tuesday. The firm presently has an “outperform” rating on the specialty retailer’s stock.
ORLY has been the topic of a number of other research reports. BidaskClub lowered O’Reilly Auto Parts from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Guggenheim lowered O’Reilly Auto Parts from a “buy” rating to a “neutral” rating and set a $310.00 price objective on the stock. in a research report on Tuesday, April 17th. Zacks Investment Research lowered O’Reilly Auto Parts from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Wells Fargo assumed coverage on O’Reilly Auto Parts in a research report on Monday. They set an “outperform” rating and a $260.00 price objective on the stock. Finally, Citigroup upped their price objective on O’Reilly Auto Parts from $290.00 to $309.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. O’Reilly Auto Parts currently has an average rating of “Buy” and an average price target of $252.19.
Shares of NASDAQ ORLY opened at $255.00 on Tuesday. The company has a market capitalization of $18,711.72, a price-to-earnings ratio of 19.00, a PEG ratio of 0.91 and a beta of 0.94. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.11 and a current ratio of 0.93. O’Reilly Auto Parts has a 52-week low of $169.43 and a 52-week high of $279.23.
O’Reilly Auto Parts declared that its Board of Directors has approved a share repurchase program on Wednesday, February 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
In other O’Reilly Auto Parts news, SVP Larry Lee Ellis sold 1,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $250.67, for a total value of $376,005.00. Following the completion of the transaction, the senior vice president now owns 1,856 shares in the company, valued at $465,243.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 400 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $245.17, for a total transaction of $98,068.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,735 shares of company stock valued at $933,080. Insiders own 3.12% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NuWave Investment Management LLC acquired a new position in O’Reilly Auto Parts in the fourth quarter valued at $122,000. Tower Research Capital LLC TRC boosted its stake 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 valued at $157,000 after acquiring an additional 240 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in O’Reilly Auto Parts in the fourth quarter valued at $183,000. GWM Advisors LLC acquired a new position in O’Reilly Auto Parts in the fourth quarter valued at $208,000. Finally, ETRADE Capital Management LLC acquired a new position in O’Reilly Auto Parts in the fourth quarter valued at $208,000. Institutional investors own 88.92% of the company’s stock.
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O’Reilly Auto Parts Company Profile
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.
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