O’Reilly Automotive (NASDAQ:ORLY) Given New $1,275.00 Price Target at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by equities researchers at Evercore ISI from $1,265.00 to $1,275.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s price objective suggests a potential upside of 18.56% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Truist Financial lowered their price target on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 25th. UBS Group increased their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Mizuho began coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. Finally, Wells Fargo & Company lowered their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,123.64.

O’Reilly Automotive Price Performance

ORLY traded up $18.80 during midday trading on Thursday, hitting $1,075.45. 126,140 shares of the company’s stock traded hands, compared to its average volume of 390,794. The company has a market cap of $63.33 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.89. The stock’s fifty day simple moving average is $1,019.76 and its 200-day simple moving average is $1,029.12. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter last year, the firm earned $8.28 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts expect that O’Reilly Automotive will post 41.93 EPS for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Rise Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter valued at about $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O’Reilly Automotive in the first quarter valued at about $37,000. Indiana Trust & Investment Management CO raised its holdings in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co bought a new position in shares of O’Reilly Automotive in the first quarter valued at about $41,000. Finally, Crewe Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter valued at about $43,000. 85.00% of the stock is owned by institutional investors.

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.