Deutsche Bank AG reaffirmed their hold rating on shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in a report issued on Friday. Deutsche Bank AG currently has a $190.00 price objective on the specialty retailer’s stock, down from their prior price objective of $272.00.

A number of other research firms have also recently issued reports on ORLY. Cleveland Research cut O’Reilly Automotive from a buy rating to a neutral rating in a research note on Monday, April 3rd. Royal Bank Of Canada lowered their target price on O’Reilly Automotive from $304.00 to $297.00 and set a sector perform rating for the company in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the stock a buy rating in a research note on Monday, April 24th. Oppenheimer Holdings, Inc. set a $300.00 target price on O’Reilly Automotive and gave the stock a buy rating in a research note on Thursday, April 27th. Finally, Stephens set a $315.00 target price on O’Reilly Automotive and gave the stock a buy rating in a research note on Friday, April 28th. 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $253.70.

Shares of O’Reilly Automotive (NASDAQ:ORLY) opened at 185.93 on Friday. The company’s 50 day moving average is $212.51 and its 200 day moving average is $250.86. The firm has a market capitalization of $16.92 billion, a PE ratio of 16.95 and a beta of 0.76. O’Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $292.84.

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

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

In other news, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the completion of the sale, 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 legal filing with the SEC, which is available at this link. Also, Director John Raymond Murphy sold 600 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $246.77, for a total value of $148,062.00. The disclosure for this sale can be found here. In the last three months, insiders sold 26,640 shares of company stock valued at $6,639,552. 3.12% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in ORLY. Vanguard Group Inc. increased its stake in O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock valued at $1,628,852,000 after buying an additional 21,454 shares during the last quarter. BlackRock Inc. increased its stake in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares during the last quarter. JPMorgan Chase & Co. increased its stake in O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock valued at $505,202,000 after buying an additional 26,678 shares during the last quarter. American Century Companies Inc. increased its stake in O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock valued at $457,502,000 after buying an additional 8,988 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in O’Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock valued at $417,454,000 after buying an additional 9,846 shares during the last quarter. 92.22% of the stock is owned by institutional investors.

About O’Reilly Automotive

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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