Morgan Stanley Increases O’Reilly Automotive (NASDAQ:ORLY) Price Target to $460.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective boosted by stock analysts at Morgan Stanley from $430.00 to $460.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price target suggests a potential upside of 6.82% from the stock’s current price.

Several other brokerages have also weighed in on ORLY. Wedbush upped their price objective on O’Reilly Automotive from $380.00 to $425.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. They noted that the move was a valuation call. Wolfe Research upgraded O’Reilly Automotive from a “peer perform” rating to an “outperform” rating and set a $436.00 price objective for the company in a report on Tuesday, October 8th. Nomura started coverage on O’Reilly Automotive in a report on Thursday, November 7th. They issued a “neutral” rating and a $1,250.00 price objective for the company. Credit Suisse Group upped their price objective on O’Reilly Automotive from $413.00 to $418.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada set a $465.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $493.07.

ORLY stock traded down $5.42 during trading on Wednesday, reaching $430.63. 18,349 shares of the company’s stock were exchanged, compared to its average volume of 489,517. The company has a quick ratio of 0.08, a current ratio of 0.81 and a debt-to-equity ratio of 32.16. O’Reilly Automotive has a 1-year low of $331.34 and a 1-year high of $454.31. The company’s fifty day moving average price is $439.38 and its 200-day moving average price is $412.69. The firm has a market cap of $32.97 billion, a PE ratio of 24.80, a P/E/G ratio of 1.54 and a beta of 0.69.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.79 by $0.29. O’Reilly Automotive had a return on equity of 527.13% and a net margin of 13.69%. The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the firm posted $4.50 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that O’Reilly Automotive will post 17.9 earnings per share for the current fiscal year.

In related news, SVP Jeremy Adam Fletcher sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $438.51, for a total transaction of $1,534,785.00. Following the transaction, the senior vice president now directly owns 4,473 shares of the company’s stock, valued at $1,961,455.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David E. Oreilly sold 16,835 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $438.13, for a total value of $7,375,918.55. Following the transaction, the chairman now directly owns 127,483 shares in the company, valued at $55,854,126.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,652 shares of company stock valued at $34,559,738. 2.52% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in O’Reilly Automotive by 3.7% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the specialty retailer’s stock valued at $256,000 after buying an additional 23 shares in the last quarter. Hall Laurie J Trustee lifted its holdings in shares of O’Reilly Automotive by 20.8% during the third quarter. Hall Laurie J Trustee now owns 145 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 25 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in shares of O’Reilly Automotive by 4.2% during the third quarter. Moloney Securities Asset Management LLC now owns 691 shares of the specialty retailer’s stock valued at $275,000 after purchasing an additional 28 shares during the last quarter. Clarius Group LLC lifted its holdings in shares of O’Reilly Automotive by 3.6% during the fourth quarter. Clarius Group LLC now owns 893 shares of the specialty retailer’s stock valued at $391,000 after purchasing an additional 31 shares during the last quarter. Finally, 6 Meridian lifted its holdings in shares of O’Reilly Automotive by 2.3% during the fourth quarter. 6 Meridian now owns 1,463 shares of the specialty retailer’s stock valued at $641,000 after purchasing an additional 33 shares during the last quarter. 83.46% 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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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