O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,250.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price lifted by Barclays from $1,110.00 to $1,250.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the specialty retailer’s stock.

Other equities analysts have also recently issued research reports about the company. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Wedbush raised their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $1,387.69.

O’Reilly Automotive Price Performance

Shares of 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 price-to-earnings-growth 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 50 day simple moving average is $1,242.12 and its 200-day simple moving average is $1,188.31.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. On average, sell-side analysts expect that O’Reilly Automotive will post 44.16 earnings per share for the current year.

Insider Activity

In other news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred 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 directly owns 5 shares of the company’s stock, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AlphaMark Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the fourth quarter worth about $30,000. Kestra Investment Management LLC acquired a new stake in O’Reilly Automotive in the 4th quarter worth approximately $32,000. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $32,000. Trifecta Capital Advisors LLC increased its stake in O’Reilly Automotive by 383.3% during 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. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive in the third quarter worth $37,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

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.