O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,525.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective hoisted by DA Davidson from $1,450.00 to $1,525.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

ORLY has been the subject of a number of other reports. Evercore ISI upped their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Guggenheim lifted their target price on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday. Wedbush upped their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets assumed coverage on O’Reilly Automotive in a report on Friday, December 13th. They set an “outperform” rating and a $1,400.00 price target for the company. Finally, Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1,374.88.

O’Reilly Automotive Stock Down 1.1 %

NASDAQ:ORLY opened at $1,316.75 on Friday. The company has a market capitalization of $76.02 billion, a PE ratio of 32.38, a P/E/G ratio of 2.50 and a beta of 0.94. O’Reilly Automotive has a 52-week low of $947.49 and a 52-week high of $1,350.27. The stock’s 50 day moving average price is $1,240.65 and its 200 day moving average price is $1,185.54.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (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%. As a group, sell-side analysts anticipate that O’Reilly Automotive will post 44.16 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the company’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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now directly 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. 1.55% of the stock is owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. boosted its stake in shares of O’Reilly Automotive by 9.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 335 shares of the specialty retailer’s stock worth $386,000 after purchasing an additional 28 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of O’Reilly Automotive by 4.8% during the third quarter. Wedmont Private Capital now owns 888 shares of the specialty retailer’s stock valued at $1,022,000 after buying an additional 41 shares during the period. Tobam boosted its position in O’Reilly Automotive by 40.7% during the third quarter. Tobam now owns 121 shares of the specialty retailer’s stock worth $139,000 after acquiring an additional 35 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in O’Reilly Automotive in the 3rd quarter worth approximately $214,000. Finally, Strong Tower Advisory Services raised its holdings in O’Reilly Automotive by 6.1% in the 3rd quarter. Strong Tower Advisory Services now owns 522 shares of the specialty retailer’s stock valued at $601,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.