O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,275.00 at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLYFree Report) had its price objective boosted by Evercore ISI from $1,255.00 to $1,275.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada lifted their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an outperform rating in a research report on Friday, February 9th. 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 for the company in a research report on Thursday, April 25th. Mizuho initiated coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a buy rating and a $1,225.00 target price on the stock. Truist Financial lowered their price target on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating for the company in a report on Friday, April 26th. Finally, StockNews.com downgraded O’Reilly Automotive from a buy rating to a hold rating in a report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $1,123.64.

Read Our Latest Stock Analysis on ORLY

O’Reilly Automotive Trading Up 0.6 %

Shares of NASDAQ:ORLY opened at $1,012.06 on Tuesday. The firm has a 50 day moving average of $1,080.55 and a 200-day moving average of $1,026.07. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a market capitalization of $59.60 billion, a PE ratio of 25.69, a PEG ratio of 1.89 and a beta of 0.90.

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

Insider Activity at O’Reilly Automotive

In other news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now directly owns 5,533 shares in the company, valued at approximately $5,884,566.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction dated 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 in the company, valued at approximately $217,933,947. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The disclosure for this sale can be found here. Insiders have sold 16,300 shares of company stock worth $16,988,797 in the last quarter. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently bought and sold shares of the stock. Fortune Financial Advisors LLC grew its stake in shares of O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after acquiring an additional 57 shares in the last quarter. SignalPoint Asset Management LLC grew its position in O’Reilly Automotive by 3.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after purchasing an additional 1,642 shares in the last quarter. Duality Advisers LP purchased a new stake in O’Reilly Automotive in the 4th quarter valued at about $924,000. NewEdge Wealth LLC lifted its position in shares of O’Reilly Automotive by 13.6% during the 4th quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after buying an additional 4,101 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of O’Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock worth $1,660,000 after buying an additional 114 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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