O’Reilly Automotive (ORLY) Given New $375.00 Price Target at Wells Fargo & Co

O’Reilly Automotive (NASDAQ:ORLY) had its target price hoisted by investment analysts at Wells Fargo & Co from $345.00 to $375.00 in a research note issued on Friday. The firm presently has an “outperform” rating on the specialty retailer’s stock. Wells Fargo & Co’s target price would indicate a potential upside of 14.59% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $290.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Credit Suisse Group set a $318.00 target price on shares of O’Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday. BidaskClub cut shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research report on Friday. Wolfe Research cut shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $350.00 price target on shares of O’Reilly Automotive in a report on Friday, July 27th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $340.00.

Shares of O’Reilly Automotive stock traded up $2.69 on Friday, hitting $327.24. 674,029 shares of the company traded hands, compared to its average volume of 775,679. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.11 and a current ratio of 0.92. The stock has a market cap of $27.78 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. O’Reilly Automotive has a 12-month low of $190.00 and a 12-month high of $351.65.



O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.19. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.49 billion. O’Reilly Automotive had a net margin of 13.42% and a return on equity of 229.48%. On average, analysts predict that O’Reilly Automotive will post 15.92 earnings per share for the current year.

In other news, SVP Jeremy Adam Fletcher sold 2,500 shares of O’Reilly Automotive stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $335.00, for a total transaction of $837,500.00. Following the sale, the senior vice president now owns 3,428 shares of the company’s stock, valued at approximately $1,148,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brad W. Beckham sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $305.35, for a total transaction of $1,526,750.00. Following the sale, the executive vice president now directly owns 5,428 shares in the company, valued at approximately $1,657,439.80. The disclosure for this sale can be found here. In the last three months, insiders sold 137,181 shares of company stock worth $43,458,132. Insiders own 3.07% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. CENTRAL TRUST Co lifted its position in O’Reilly Automotive by 0.3% during the 3rd quarter. CENTRAL TRUST Co now owns 44,479 shares of the specialty retailer’s stock valued at $15,449,000 after acquiring an additional 154 shares during the period. Acropolis Investment Management LLC raised its holdings in O’Reilly Automotive by 10.6% in the third quarter. Acropolis Investment Management LLC now owns 1,646 shares of the specialty retailer’s stock worth $572,000 after buying an additional 158 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in O’Reilly Automotive by 4.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,471 shares of the specialty retailer’s stock worth $950,000 after buying an additional 160 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in O’Reilly Automotive by 2.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,243 shares of the specialty retailer’s stock worth $1,709,000 after buying an additional 166 shares during the last quarter. Finally, Eads & Heald Wealth Management raised its holdings in O’Reilly Automotive by 3.4% in the second quarter. Eads & Heald Wealth Management now owns 5,697 shares of the specialty retailer’s stock worth $1,559,000 after buying an additional 186 shares during the last quarter. 85.91% 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, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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