O’Reilly Automotive (NASDAQ:ORLY) Given New $1,200.00 Price Target at Wells Fargo & Company

O’Reilly Automotive (NASDAQ:ORLY) had its target price reduced by Wells Fargo & Company from $1,300.00 to $1,200.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 14.95% from the stock’s current price.

A number of other research firms have also recently commented on ORLY. Royal Bank of Canada increased their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Evercore ISI reduced their target price on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday. Barclays lifted their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Finally, Truist Financial upped their target price on shares of 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. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,106.31.

O’Reilly Automotive Trading Down 1.0 %

Shares of NASDAQ:ORLY opened at $1,043.93 on Thursday. The stock has a fifty day simple moving average of $1,097.20 and a two-hundred day simple moving average of $1,015.51. 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 $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.93 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm earned $8.28 EPS. O’Reilly Automotive’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts predict that O’Reilly Automotive will post 41.7 EPS for the current 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 transaction, the executive vice president now owns 5,533 shares of the company’s stock, valued at $5,884,566.82. 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, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now owns 2,335 shares in the company, valued at approximately $2,400,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,968 shares of company stock worth $27,269,333. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Groesbeck Investment Management Corp NJ grew its holdings in O’Reilly Automotive by 0.7% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after buying an additional 10 shares in the last quarter. Lindbrook Capital LLC increased its holdings in O’Reilly Automotive by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock valued at $251,000 after acquiring an additional 10 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after purchasing an additional 10 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock valued at $432,000 after purchasing an additional 11 shares during the last quarter. Finally, Western Pacific Wealth Management LP grew its position in shares of O’Reilly Automotive by 11.6% during the third quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock valued at $96,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

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.