Truist Financial Raises O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,290.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target increased by Truist Financial from $1,204.00 to $1,290.00 in a research report report published on Monday, Benzinga reports. Truist Financial currently has a buy rating on the specialty retailer’s stock.

Several other research firms also recently commented on ORLY. Wedbush reissued a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, July 25th. DA Davidson lifted their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada lowered their price objective on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. UBS Group cut their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, Evercore ISI upped their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,198.90 on Monday. The firm has a market cap of $70.61 billion, a P/E ratio of 30.43, a PEG ratio of 2.24 and a beta of 0.92. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,221.05. The business’s 50 day simple moving average is $1,138.75 and its two-hundred day simple moving average is $1,077.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.22 earnings per share. On average, equities analysts forecast that O’Reilly Automotive will post 41.1 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock worth $56,846,062 over the last ninety days. 1.55% of the stock is currently owned by company insiders.

Institutional Trading of O’Reilly Automotive

A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 656.2% during the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after purchasing an additional 397,108 shares during the period. JPMorgan Chase & Co. raised its stake in shares of O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after purchasing an additional 376,167 shares during the period. Global Assets Advisory LLC bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $108,456,000. CCLA Investment Management bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $95,481,000. Finally, Marshall Wace LLP raised its stake in shares of O’Reilly Automotive by 809.8% during the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after purchasing an additional 80,978 shares during the period. 85.00% of the stock is currently owned by institutional investors.

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.