O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,350.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective raised by Wedbush from $1,200.00 to $1,350.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. Wedbush’s price target would indicate a potential upside of 0.67% from the company’s current price.

A number of other equities analysts have also weighed in on the company. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. DA Davidson reiterated a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $1,310.65.

O’Reilly Automotive Stock Down 0.5 %

Shares of NASDAQ ORLY traded down $7.28 during trading on Thursday, reaching $1,340.96. The company had a trading volume of 108,861 shares, compared to its average volume of 330,287. The stock has a market cap of $77.41 billion, a P/E ratio of 33.18, a PEG ratio of 2.40 and a beta of 0.94. The company’s fifty day moving average price is $1,238.92 and its 200-day moving average price is $1,184.53. O’Reilly Automotive has a 12 month low of $947.49 and a 12 month high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. As a group, equities analysts predict that O’Reilly Automotive will post 40.86 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the business’s 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 completion of the sale, 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 disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Institutional Trading of O’Reilly Automotive

A number of institutional investors have recently modified their holdings of the company. AlphaMark Advisors LLC bought a new position in O’Reilly Automotive during the 4th quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the third quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new stake in O’Reilly Automotive in the fourth quarter worth $32,000. Trifecta Capital Advisors LLC boosted its holdings in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive during the 3rd quarter valued at $37,000. 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.