O’Reilly Automotive (NASDAQ:ORLY) Price Target Lowered to $1,143.00 at Truist Financial

O’Reilly Automotive (NASDAQ:ORLY) had its target price lowered by Truist Financial from $1,212.00 to $1,143.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

ORLY has been the topic of a number of other research reports. Wells Fargo & Company reduced their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating on the stock in a research report on Thursday, April 25th. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $1,265.00 to $1,275.00 and gave the company an outperform rating in a report on Thursday, June 20th. UBS Group lifted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. StockNews.com cut shares of O’Reilly Automotive from a buy rating to a hold rating in a research note on Friday, May 3rd. Finally, Mizuho assumed coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a buy rating and a $1,225.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $1,116.93.

O’Reilly Automotive Stock Up 2.0 %

O’Reilly Automotive stock opened at $1,037.06 on Tuesday. The company has a fifty day simple moving average of $1,015.51 and a 200-day simple moving average of $1,034.72. The firm has a market capitalization of $61.07 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.94 and a beta of 0.92. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company earned $8.28 EPS. O’Reilly Automotive’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts anticipate that O’Reilly Automotive will post 41.93 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

A number of hedge funds and other institutional investors have recently bought and sold shares of ORLY. Rise Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter valued at $36,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at about $37,000. Indiana Trust & Investment Management CO raised its holdings in O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co acquired a new stake in O’Reilly Automotive in the first quarter valued at about $41,000. Finally, Crewe Advisors LLC acquired a new position in O’Reilly Automotive during the 1st quarter worth approximately $43,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.