Mizuho Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,400.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective hoisted by investment analysts at Mizuho from $1,305.00 to $1,400.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Mizuho’s price objective indicates a potential upside of 5.20% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. TD Cowen upped their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus target price of $1,320.94.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,330.74 on Friday. O’Reilly Automotive has a 1-year low of $947.49 and a 1-year high of $1,350.27. The company has a market capitalization of $76.82 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.40 and a beta of 0.94. The business has a 50-day moving average of $1,238.92 and a 200-day moving average of $1,184.53.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Research analysts expect that O’Reilly Automotive will post 40.86 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm’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 sale, the director now owns 700 shares in the company, valued at approximately $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 can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’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 value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AlphaMark Advisors LLC bought a new position in O’Reilly Automotive in the 4th quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter worth approximately $32,000. Kestra Investment Management LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter valued at approximately $32,000. Trifecta Capital Advisors LLC increased its stake in shares of O’Reilly Automotive by 383.3% during 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 during the period. Finally, MidAtlantic Capital Management Inc. bought a new stake in O’Reilly Automotive during the third quarter worth approximately $37,000. 85.00% of the stock is owned by institutional investors and hedge funds.

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.