Wells Fargo & Company Raises O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,300.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price boosted by Wells Fargo & Company from $1,200.00 to $1,300.00 in a research report report published on Monday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

Several other equities research analysts have also recently issued reports on ORLY. Wedbush lifted their price objective on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a report on Thursday, February 8th. The Goldman Sachs Group raised their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a research note on Friday, February 9th. Stephens reissued an overweight rating and issued a $1,060.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, December 19th. Barclays raised their target price 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. Finally, TD Cowen raised their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an outperform rating in a research note on Friday, December 8th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive currently has a consensus rating of Moderate Buy and a consensus price target of $1,085.47.

O’Reilly Automotive Stock Up 0.1 %

NASDAQ:ORLY opened at $1,135.52 on Monday. O’Reilly Automotive has a 52 week low of $819.70 and a 52 week high of $1,169.11. The stock has a market capitalization of $67.04 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. The stock’s 50-day moving average price is $1,067.01 and its 200-day moving average price is $987.80.

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

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,500 shares of the business’s 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 document filed with the SEC, which is available at this hyperlink. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,500 shares of the business’s stock in a transaction on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The disclosure for this sale can be found here. Insiders have sold a total of 27,468 shares of company stock valued at $28,769,333 over the last quarter. 1.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors have recently modified their holdings of ORLY. Norges Bank acquired a new position in shares of O’Reilly Automotive in the fourth quarter worth $671,384,000. International Assets Investment Management LLC grew its stake in shares of O’Reilly Automotive by 89,319.3% in the fourth 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 in the last quarter. Morgan Stanley grew its stake in shares of O’Reilly Automotive by 113.8% during the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after purchasing an additional 635,416 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of O’Reilly Automotive by 101,509.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after purchasing an additional 530,893 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after purchasing an additional 397,108 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.