O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,235.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target hoisted by research analysts at Evercore ISI from $1,200.00 to $1,235.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s target price indicates a potential upside of 8.76% from the company’s previous close.

A number of other equities analysts also recently weighed in on ORLY. Barclays upped their price target on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. The Goldman Sachs Group lifted their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a report on Friday, February 9th. Stephens restated an “overweight” rating and issued a $1,060.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, December 19th. Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Wedbush boosted their target price on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus price target of $1,085.47.

O’Reilly Automotive Trading Up 0.1 %

Shares of NASDAQ ORLY opened at $1,135.52 on Tuesday. O’Reilly Automotive has a one year low of $819.70 and a one year high of $1,169.11. The business has a 50-day moving average price of $1,067.01 and a two-hundred day moving average price of $987.80. The firm has a market capitalization of $67.04 billion, a PE ratio of 29.51, a PEG ratio of 2.06 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping the consensus estimate of $9.07 by $0.19. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $8.37 earnings per share. Research analysts anticipate that O’Reilly Automotive will post 42.09 EPS for the current year.

Insider Activity

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares in the company, valued at $228,141,159.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,468 shares of company stock valued at $28,769,333. 1.55% of the stock is owned by insiders.

Institutional Trading of O’Reilly Automotive

Hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in O’Reilly Automotive in the fourth quarter worth $671,384,000. International Assets Investment Management LLC lifted its holdings in shares of O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after acquiring an additional 652,924 shares during the period. Morgan Stanley boosted its position in shares of O’Reilly Automotive by 113.8% during the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after acquiring an additional 635,416 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in O’Reilly Automotive by 101,509.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock valued at $448,531,000 after acquiring an additional 530,893 shares during the period. Finally, Wellington Management Group LLP increased its stake in O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares during the period. 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.