O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,325.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price upped by Wells Fargo & Company from $1,250.00 to $1,325.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.34% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. DA Davidson lifted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. UBS Group decreased their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. Finally, Bank of America boosted their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,178.29.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,190.00 on Monday. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,221.05. The stock has a market cap of $70.08 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. The firm has a 50-day moving average of $1,136.95 and a 200 day moving average of $1,076.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the business earned $10.22 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Research analysts expect that O’Reilly Automotive will post 41.1 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 in the last 90 days. 1.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $36,000. Indiana Trust & Investment Management CO grew its position in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $41,000. Crewe Advisors LLC purchased a new stake in O’Reilly Automotive during the 1st quarter worth approximately $43,000. Finally, Kings Path Partners LLC purchased a new stake in O’Reilly Automotive during the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors 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.