O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,275.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price upped by analysts at UBS Group from $1,125.00 to $1,275.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. UBS Group’s target price indicates a potential upside of 16.46% from the stock’s previous close.

Several other brokerages have also commented on ORLY. Wedbush increased their price objective on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group increased their price objective on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Royal Bank of Canada raised their price target on 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. Finally, Truist Financial raised their price target on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,102.53.

O’Reilly Automotive Stock Up 0.5 %

Shares of NASDAQ ORLY opened at $1,094.80 on Wednesday. The firm has a market capitalization of $64.63 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.98 and a beta of 0.86. The stock’s 50-day simple moving average is $1,091.08 and its two-hundred day simple moving average is $1,007.49. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its 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. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $8.37 EPS. As a group, research analysts anticipate that O’Reilly Automotive will post 42.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the sale, the chairman now directly owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,968 shares of company stock valued at $27,269,333. Corporate insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently bought and sold shares of ORLY. Cibc World Market Inc. lifted its position in O’Reilly Automotive by 305.4% during the first quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock valued at $2,213,000 after purchasing an additional 2,434 shares in the last quarter. Sei Investments Co. lifted its position in shares of O’Reilly Automotive by 51.3% in the first quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock worth $10,894,000 after buying an additional 5,376 shares in the last quarter. Prudential PLC purchased a new stake in shares of O’Reilly Automotive in the first quarter worth about $1,847,000. Cetera Investment Advisers lifted its position in shares of O’Reilly Automotive by 48.9% in the first quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock worth $1,343,000 after buying an additional 644 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in O’Reilly Automotive by 11.4% during the first quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock worth $262,000 after acquiring an additional 39 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

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.