O’Reilly Automotive Inc. (NASDAQ:ORLY) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $279.89 and last traded at $279.12, with a volume of 271,871 shares trading hands. The stock had previously closed at $275.28.

A number of research analysts recently issued reports on the company. Vetr downgraded O’Reilly Automotive from a “strong-buy” rating to a “buy” rating and set a $301.89 price objective for the company. in a research note on Tuesday, June 28th. Zacks Investment Research downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Wolfe Research upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 12th. Deutsche Bank AG reiterated a “buy” rating on shares of O’Reilly Automotive in a research note on Thursday, April 14th. Finally, Citigroup Inc. upped their price target on O’Reilly Automotive from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. O’Reilly Automotive currently has a consensus rating of “Buy” and an average target price of $292.49.

The firm has a market cap of $27.07 billion and a price-to-earnings ratio of 28.93. The firm has a 50 day moving average price of $264.68 and a 200-day moving average price of $261.08.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.49 by $0.10. During the same period in the previous year, the business posted $2.06 earnings per share. The business earned $2.10 billion during the quarter, compared to analyst estimates of $2.06 billion. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts expect that O’Reilly Automotive Inc. will post $10.72 EPS for the current year.

In other O’Reilly Automotive news, SVP Tony E. Bartholomew acquired 1,700 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were bought at an average cost of $256.00 per share, with a total value of $435,200.00. Following the completion of the acquisition, the senior vice president now owns 15,981 shares in the company, valued at $4,091,136. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey Alan Lauro acquired 100 shares of the company’s stock in a transaction on Friday, May 13th. The stock was acquired at an average cost of $260.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the senior vice president now owns 26 shares of the company’s stock, valued at approximately $6,760. The disclosure for this purchase can be found here.

A number of hedge funds have modified their holdings of ORLY. Financial Counselors Inc. raised its stake in shares of O’Reilly Automotive by 38.8% in the fourth quarter. Financial Counselors Inc. now owns 6,770 shares of the company’s stock valued at $1,716,000 after buying an additional 1,893 shares during the last quarter. Legacy Capital Partners Inc. raised its stake in shares of O’Reilly Automotive by 0.5% in the fourth quarter. Legacy Capital Partners Inc. now owns 9,682 shares of the company’s stock valued at $2,454,000 after buying an additional 45 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of O’Reilly Automotive by 19.2% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 20,940 shares of the company’s stock valued at $5,307,000 after buying an additional 3,380 shares during the last quarter. Chesley Taft & Associates LLC IL raised its stake in shares of O’Reilly Automotive by 1.3% in the fourth quarter. Chesley Taft & Associates LLC IL now owns 7,215 shares of the company’s stock valued at $1,828,000 after buying an additional 90 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of O’Reilly Automotive by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,445 shares of the company’s stock valued at $1,633,000 after buying an additional 58 shares during the last quarter.

O’Reilly Automotive, Inc (O’Reilly) is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company’s stores carry a product line, including new and remanufactured automotive hard parts, maintenance items and various automotive accessories.

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