Evercore ISI Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,325.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective lifted by research analysts at Evercore ISI from $1,315.00 to $1,325.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s price objective points to a potential upside of 6.60% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on ORLY. Wells Fargo & Company upped their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Morgan Stanley upped their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Wedbush reissued a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Barclays boosted their target price on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,248.06.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,242.92 on Tuesday. O’Reilly Automotive has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.40. The stock’s 50-day moving average is $1,198.24 and its two-hundred day moving average is $1,114.50. The firm has a market cap of $71.75 billion, a P/E ratio of 30.75, a PEG ratio of 2.53 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.72 EPS. As a group, research analysts expect that O’Reilly Automotive will post 40.85 EPS for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several large investors have recently modified their holdings of ORLY. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive in the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC boosted its stake in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC bought a new stake in shares of O’Reilly Automotive in the 3rd quarter worth about $41,000. Finally, Kings Path Partners LLC acquired a new stake in shares of O’Reilly Automotive during the 2nd quarter worth about $44,000. 85.00% of the stock is currently owned by 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.