UBS Group Increases O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,275.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price boosted by research analysts at UBS Group from $1,125.00 to $1,275.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. UBS Group’s price target points to a potential upside of 15.80% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Barclays increased their price objective on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Wedbush upped their price objective on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. The Goldman Sachs Group boosted their price target on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Stephens restated an “overweight” rating and set a $1,060.00 price objective on shares of O’Reilly Automotive in a report on Tuesday, December 19th. Finally, Mizuho initiated coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,102.53.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,101.06 on Wednesday. The company has a 50-day moving average price of $1,092.68 and a 200-day moving average price of $1,008.14. The stock has a market capitalization of $64.99 billion, a P/E ratio of 28.61, a P/E/G ratio of 1.98 and a beta of 0.86. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11.

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

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now directly owns 216,539 shares in the company, valued at $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,968 shares of company stock valued at $27,269,333. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in ORLY. Cibc World Market Inc. grew its position in O’Reilly Automotive by 305.4% during the first quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock valued at $2,213,000 after acquiring an additional 2,434 shares during the last quarter. Sei Investments Co. boosted its stake in shares of O’Reilly Automotive by 51.3% in the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock valued at $10,894,000 after purchasing an additional 5,376 shares in the last quarter. Prudential PLC bought a new position in shares of O’Reilly Automotive during the 1st quarter valued at $1,847,000. Cetera Investment Advisers raised its position in O’Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock worth $1,343,000 after purchasing an additional 644 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in O’Reilly Automotive by 11.4% in the first quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock worth $262,000 after purchasing an additional 39 shares during the last quarter. Institutional investors 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.