TD Cowen Increases O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,375.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective boosted by equities researchers at TD Cowen from $1,300.00 to $1,375.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s price objective would indicate a potential upside of 15.04% from the stock’s current price.

A number of other analysts have also issued reports on ORLY. Wells Fargo & Company raised their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. UBS Group reduced their price target on shares of 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. DA Davidson restated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday. Truist Financial upped their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Evercore ISI raised their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,195.22 on Friday. The company has a market capitalization of $69.33 billion, a PE ratio of 30.08, a PEG ratio of 2.29 and a beta of 0.92. The company’s 50 day moving average price is $1,150.51 and its 200 day moving average price is $1,082.08. O’Reilly Automotive has a 52 week low of $895.88 and a 52 week high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the firm earned $10.72 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that O’Reilly Automotive will post 41.05 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dana Perlman sold 48 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last three months. 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 the stock. Solidarity Wealth LLC lifted its position in O’Reilly Automotive by 23.0% during the third quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock valued at $9,911,000 after purchasing an additional 1,607 shares during the period. First Trust Direct Indexing L.P. boosted its position in shares of O’Reilly Automotive by 40.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,208 shares of the specialty retailer’s stock worth $2,542,000 after purchasing an additional 641 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in O’Reilly Automotive by 0.3% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 53,672 shares of the specialty retailer’s stock worth $64,394,000 after buying an additional 146 shares during the period. Ariston Services Group purchased a new stake in shares of O’Reilly Automotive during the third quarter worth about $327,000. Finally, Childress Capital Advisors LLC grew its holdings in O’Reilly Automotive by 7.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 218 shares of the specialty retailer’s stock valued at $251,000 after buying an additional 16 shares in the last quarter. 85.00% of the stock is 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.