Savoir Faire Capital Management L.P. Sells 2,017 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Savoir Faire Capital Management L.P. cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 56.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,545 shares of the specialty retailer’s stock after selling 2,017 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in O’Reilly Automotive were worth $1,779,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC grew its stake in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new position in O’Reilly Automotive in the 3rd quarter worth about $37,000. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive in the 3rd quarter worth about $41,000. Crewe Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $43,000. Finally, Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at about $44,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several recent research reports. Roth Mkm restated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. DA Davidson restated a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Bank of America boosted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, TD Cowen boosted their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insider Activity

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Up 0.3 %

ORLY opened at $1,216.67 on Tuesday. The firm has a market cap of $70.24 billion, a P/E ratio of 30.10, a PEG ratio of 2.46 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30. The business’s fifty day simple moving average is $1,172.69 and its 200 day simple moving average is $1,096.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $10.72 earnings per share. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

About O’Reilly Automotive

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.