O’Reilly Automotive Inc (NASDAQ:ORLY) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 959,100 shares, a decrease of 9.5% from the October 31st total of 1,060,000 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 506,900 shares, the short-interest ratio is currently 1.9 days.
Several analysts have weighed in on the company. Citigroup lowered O’Reilly Automotive from a “buy” rating to a “neutral” rating and lowered their target price for the company from $441.00 to $430.00 in a report on Friday, September 13th. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating and set a $425.00 target price on the stock in a report on Monday, October 14th. Credit Suisse Group upped their target price on O’Reilly Automotive from $413.00 to $418.00 and gave the company a “neutral” rating in a report on Friday, October 25th. UBS Group set a $495.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Nomura assumed coverage on O’Reilly Automotive in a report on Thursday, November 7th. They issued a “neutral” rating and a $1,250.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $489.53.
In related news, CFO Thomas Mcfall sold 8,322 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $437.23, for a total transaction of $3,638,628.06. Following the transaction, the chief financial officer now owns 13,921 shares of the company’s stock, valued at $6,086,678.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott E. Kraus sold 5,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $435.00, for a total value of $2,175,000.00. Following the transaction, the senior vice president now directly owns 6,502 shares in the company, valued at approximately $2,828,370. The disclosure for this sale can be found here. Insiders have sold 77,652 shares of company stock worth $34,085,063 in the last ninety days. 2.52% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Squar Milner Financial Services LLC lifted its position in shares of O’Reilly Automotive by 80.5% in the second quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 33 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its position in O’Reilly Automotive by 65.4% during the second quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after buying an additional 34 shares during the period. TRUE Private Wealth Advisors purchased a new position in O’Reilly Automotive during the second quarter worth about $46,000. Hall Laurie J Trustee lifted its position in O’Reilly Automotive by 20.8% during the third quarter. Hall Laurie J Trustee now owns 145 shares of the specialty retailer’s stock worth $58,000 after buying an additional 25 shares during the period. Finally, Ashburton Jersey Ltd purchased a new position in O’Reilly Automotive during the second quarter worth about $57,000. Institutional investors and hedge funds own 83.28% of the company’s stock.
Shares of NASDAQ:ORLY traded down $3.38 on Friday, hitting $442.28. The company had a trading volume of 215,260 shares, compared to its average volume of 599,860. The company has a current ratio of 0.81, a quick ratio of 0.08 and a debt-to-equity ratio of 32.16. O’Reilly Automotive has a 52-week low of $326.71 and a 52-week high of $454.31. The business has a 50 day moving average of $429.44 and a 200 day moving average of $394.34. The company has a market cap of $33.46 billion, a PE ratio of 27.47, a PEG ratio of 1.74 and a beta of 0.70.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.79 by $0.29. O’Reilly Automotive had a return on equity of 527.13% and a net margin of 13.69%. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business earned $4.50 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts predict that O’Reilly Automotive will post 17.9 EPS for the current year.
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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