O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,300.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective upped by Wells Fargo & Company from $1,200.00 to $1,300.00 in a report published on Monday, Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

Several other equities research analysts also recently commented on ORLY. Wedbush upped their target price on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a neutral rating in a research note on Thursday, February 8th. The Goldman Sachs Group upped their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a research note on Friday, February 9th. TD Cowen upped their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an outperform rating in a research note on Friday, December 8th. Mizuho assumed coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a buy rating and a $1,225.00 target price for the company. Finally, Royal Bank of Canada increased their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $1,085.47.

O’Reilly Automotive Price Performance

ORLY opened at $1,128.88 on Monday. The company has a market cap of $66.65 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. The firm has a 50 day simple moving average of $1,069.88 and a 200 day simple moving average of $988.83. O’Reilly Automotive has a fifty-two week low of $821.61 and a fifty-two week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the firm posted $8.37 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts expect that O’Reilly Automotive will post 42.09 EPS for the current year.

Insider Buying and Selling

In related news, SVP Christopher Andrew Mancini sold 1,500 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,500 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,468 shares of company stock worth $28,769,333. 1.55% of the stock is owned by insiders.

Institutional Trading of O’Reilly Automotive

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in O’Reilly Automotive by 3.5% in the second quarter. State Street Corp now owns 2,514,123 shares of the specialty retailer’s stock valued at $2,401,742,000 after acquiring an additional 85,062 shares during the last quarter. Geode Capital Management LLC lifted its stake in O’Reilly Automotive by 1.8% in the first quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock valued at $1,262,904,000 after acquiring an additional 26,201 shares during the last quarter. Morgan Stanley lifted its stake in O’Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after acquiring an additional 635,416 shares during the last quarter. Jennison Associates LLC lifted its stake in O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after acquiring an additional 66,629 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in O’Reilly Automotive by 3.7% in the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock valued at $807,168,000 after acquiring an additional 31,487 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.