O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,475.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target raised by Guggenheim from $1,400.00 to $1,475.00 in a research report sent to investors on Friday,Benzinga reports. Guggenheim currently has a buy rating on the specialty retailer’s stock.

Other research analysts also recently issued reports about the company. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. TD Cowen increased their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. UBS Group lifted their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research note on Friday. Wedbush increased their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $1,387.69.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,316.75 on Friday. The stock has a market capitalization of $76.02 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.50 and a beta of 0.94. O’Reilly Automotive has a 1-year low of $947.49 and a 1-year high of $1,350.27. The business’s fifty day moving average price is $1,242.12 and its 200-day moving average price is $1,188.31.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Equities research analysts anticipate that O’Reilly Automotive will post 44.16 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ORLY. Assetmark Inc. raised its stake in O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after buying an additional 3,193 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of O’Reilly Automotive by 23.2% during the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after acquiring an additional 6,418 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after purchasing an additional 882 shares during the last quarter. Montecito Bank & Trust acquired a new stake in O’Reilly Automotive in the 4th quarter worth approximately $365,000. Finally, Eastern Bank purchased a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $19,786,000. 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.