Northcoast Research upgraded shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) from a neutral rating to a buy rating in a research note published on Tuesday, MarketBeat.com reports. The brokerage currently has $230.00 target price on the specialty retailer’s stock. The analysts noted that the move was a valuation call.

ORLY has been the subject of several other research reports. Wedbush reissued a neutral rating on shares of O’Reilly Automotive in a research note on Thursday, July 6th. Cleveland Research downgraded shares of O’Reilly Automotive from a buy rating to a neutral rating in a research note on Monday, April 3rd. Deutsche Bank AG downgraded shares of O’Reilly Automotive from a buy rating to a hold rating and cut their target price for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 target price on shares of O’Reilly Automotive and gave the company a buy rating in a research note on Monday, April 24th. Finally, BidaskClub downgraded shares of O’Reilly Automotive from a sell rating to a strong sell rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $253.70.

Shares of O’Reilly Automotive (NASDAQ:ORLY) traded down 0.21% during midday trading on Tuesday, hitting $188.29. 1,233,132 shares of the company were exchanged. The company has a 50-day moving average price of $212.51 and a 200-day moving average price of $250.86. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 17.16 and a beta of 0.76. O’Reilly Automotive has a 52-week low of $169.43 and a 52-week high of $292.84.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.88 by $0.28. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the firm posted $2.59 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts forecast that O’Reilly Automotive will post $11.74 EPS for the current year.

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O’Reilly Automotive declared that its board has approved a share buyback plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

In other news, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the completion of the transaction, the chairman now owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,640 shares of company stock valued at $6,639,552. Corporate insiders own 3.12% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ORLY. Parkside Financial Bank & Trust increased its position in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after buying an additional 5 shares in the last quarter. Cypress Wealth Advisors LLC increased its position in O’Reilly Automotive by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock worth $225,000 after buying an additional 11 shares in the last quarter. Genesee Valley Trust Co. increased its position in O’Reilly Automotive by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 4,662 shares of the specialty retailer’s stock worth $1,257,000 after buying an additional 14 shares in the last quarter. Intellectus Partners LLC increased its position in O’Reilly Automotive by 1.1% in the first quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock worth $460,000 after buying an additional 19 shares in the last quarter. Finally, BTIM Corp. increased its position in O’Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock worth $2,286,000 after buying an additional 26 shares in the last quarter. 91.55% of the stock is owned by institutional investors.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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