O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,204.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target boosted by Truist Financial from $1,143.00 to $1,204.00 in a report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

ORLY has been the subject of several other reports. Wells Fargo & Company lowered their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating for the company in a report on Thursday, April 25th. Evercore ISI cut their target price on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating on the stock in a research note on Tuesday, July 16th. UBS Group lowered their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating for the company in a research report on Thursday, July 18th. Wedbush reiterated a neutral rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Finally, StockNews.com cut shares of O’Reilly Automotive from a buy rating to a hold rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of Moderate Buy and a consensus price target of $1,130.67.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,118.19 on Friday. The stock has a market cap of $65.85 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11. The business’s 50-day simple moving average is $1,023.82 and its 200 day simple moving average is $1,048.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.22 earnings per share. On average, equities research analysts predict that O’Reilly Automotive will post 41.07 EPS for the current year.

Insider Buying and Selling

In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. Crossmark Global Holdings Inc. boosted its position in O’Reilly Automotive by 2.1% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,727 shares of the specialty retailer’s stock worth $2,880,000 after acquiring an additional 55 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of O’Reilly Automotive by 3.2% during the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock worth $1,954,404,000 after purchasing an additional 57,194 shares during the period. F M Investments LLC purchased a new position in O’Reilly Automotive during the second quarter valued at approximately $11,122,000. Blue Chip Partners LLC increased its stake in O’Reilly Automotive by 9.1% in the 2nd quarter. Blue Chip Partners LLC now owns 8,902 shares of the specialty retailer’s stock valued at $9,401,000 after buying an additional 743 shares during the period. Finally, FAS Wealth Partners Inc. lifted its position in O’Reilly Automotive by 128.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 409 shares of the specialty retailer’s stock worth $432,000 after buying an additional 230 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other 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.