DA Davidson Reiterates Buy Rating for O’Reilly Automotive (NASDAQ:ORLY)

O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a report released on Tuesday,Benzinga reports. They currently have a $110.00 price objective on the specialty retailer’s stock. DA Davidson’s target price indicates a potential upside of 13.21% from the stock’s previous close.

Several other research firms also recently weighed in on ORLY. UBS Group reiterated a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Barclays set a $91.00 target price on O’Reilly Automotive and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial set a $109.00 price objective on shares of O’Reilly Automotive in a research report on Friday, October 24th. Finally, Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Buy” and an average price target of $111.60.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY traded down $0.84 on Tuesday, hitting $97.17. The stock had a trading volume of 2,223,240 shares, compared to its average volume of 5,847,916. O’Reilly Automotive has a 1 year low of $85.55 and a 1 year high of $108.71. The firm’s fifty day simple moving average is $95.47 and its two-hundred day simple moving average is $99.16. The stock has a market cap of $82.02 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.09 and a beta of 0.62.

Insider Transactions at O’Reilly Automotive

In other news, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the transaction, the senior vice president directly owned 4,792 shares of the company’s stock, valued at $485,190. This represents a 42.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the transaction, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 2.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 38,660 shares of the specialty retailer’s stock valued at $3,526,000 after buying an additional 821 shares during the period. Gateway Investment Advisers LLC lifted its holdings in O’Reilly Automotive by 21.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 3,187 shares of the specialty retailer’s stock valued at $291,000 after acquiring an additional 562 shares during the period. Indivisible Partners purchased a new stake in O’Reilly Automotive during the fourth quarter valued at approximately $257,000. Stevens Capital Management LP purchased a new position in O’Reilly Automotive during the fourth quarter valued at $1,079,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of O’Reilly Automotive by 6.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,870,919 shares of the specialty retailer’s stock valued at $169,019,000 after acquiring an additional 115,447 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.