Evercore ISI Cuts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,220.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target decreased by analysts at Evercore ISI from $1,240.00 to $1,220.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s price objective indicates a potential upside of 11.44% from the stock’s previous close.

ORLY has been the topic of a number of other research reports. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Mizuho initiated coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. The Goldman Sachs Group boosted their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Truist Financial raised their price objective on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $1,060.00 target price on shares of O’Reilly Automotive in a research report on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,089.59.

O’Reilly Automotive Trading Up 0.5 %

NASDAQ:ORLY opened at $1,094.80 on Tuesday. The firm’s fifty day simple moving average is $1,091.08 and its 200 day simple moving average is $1,007.49. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The firm has a market capitalization of $64.63 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.94 and a beta of 0.86.

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. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the previous year, the firm posted $8.37 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that O’Reilly Automotive will post 42.09 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this link. In other news, Chairman David E. Oreilly sold 10,000 shares of O’Reilly Automotive stock in a transaction that occurred 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 sale, the chairman now owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the transaction, the chairman now directly owns 205,095 shares of the company’s stock, valued at $217,933,947. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,968 shares of company stock worth $27,269,333. 1.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently bought and sold shares of the stock. Deltec Asset Management LLC acquired a new position in O’Reilly Automotive during the 1st quarter valued at about $847,000. Cornerstone Wealth Group LLC acquired a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $243,000. MCF Advisors LLC raised its holdings in O’Reilly Automotive by 12.3% during the first quarter. MCF Advisors LLC now owns 912 shares of the specialty retailer’s stock worth $1,030,000 after purchasing an additional 100 shares in the last quarter. Toth Financial Advisory Corp lifted its position in O’Reilly Automotive by 2.1% in the first quarter. Toth Financial Advisory Corp now owns 4,164 shares of the specialty retailer’s stock worth $4,701,000 after purchasing an additional 86 shares during the period. Finally, Hodges Capital Management Inc. boosted its stake in O’Reilly Automotive by 4.1% during the 1st quarter. Hodges Capital Management Inc. now owns 485 shares of the specialty retailer’s stock valued at $548,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds 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.