Analysts Set O’Reilly Automotive, Inc. (NASDAQ:ORLY) PT at $1,144.06

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $1,144.06.

Several equities research analysts have recently commented on the company. Royal Bank of Canada reduced their price objective on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. 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. DA Davidson raised their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI upped their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd.

Insider Activity

In related news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Institutional investors and hedge funds have recently bought and sold shares of the company. Mattson Financial Services LLC purchased a new stake in shares of O’Reilly Automotive during the 2nd quarter worth $1,092,000. Paragon Capital Management Inc. lifted its stake in shares of O’Reilly Automotive by 1.4% during the second quarter. Paragon Capital Management Inc. now owns 1,612 shares of the specialty retailer’s stock worth $1,702,000 after buying an additional 22 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in O’Reilly Automotive during the 2nd quarter worth about $63,793,000. Sanctuary Advisors LLC acquired a new stake in O’Reilly Automotive during the 2nd quarter valued at approximately $25,459,000. Finally, Brown Financial Advisors purchased a new position in shares of O’Reilly Automotive during the 2nd quarter valued at about $701,000. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,161.99 on Wednesday. The firm’s 50-day moving average price is $1,125.35 and its 200-day moving average price is $1,074.63. The company has a market capitalization of $68.43 billion, a PE ratio of 29.49, a P/E/G ratio of 2.14 and a beta of 0.92. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 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 net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.22 earnings per share. Equities analysts anticipate that O’Reilly Automotive will post 41.13 EPS for the current fiscal year.

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.