O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,300.00 at Wells Fargo & Company

O’Reilly Automotive (NASDAQ:ORLY) had its target price lifted by Wells Fargo & Company from $1,200.00 to $1,300.00 in a report released on Monday, Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

A number of other research firms have also recently issued reports on ORLY. The Goldman Sachs Group lifted their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a research note on Friday, February 9th. Stephens reiterated an overweight rating and issued a $1,060.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, December 19th. Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a buy rating and a $1,225.00 target price for the company. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,080.00 to $1,149.00 and gave the company a buy rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an outperform rating in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $1,085.47.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,135.52 on Monday. The company’s 50 day moving average price is $1,067.01 and its 200 day moving average price is $987.80. O’Reilly Automotive has a 52 week low of $819.70 and a 52 week high of $1,169.11. The company has a market capitalization of $67.04 billion, a PE ratio of 29.51, a PEG ratio of 2.06 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $8.37 earnings per share. On average, equities analysts forecast that O’Reilly Automotive will post 42.09 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the transaction, the executive vice president now directly owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 27,468 shares of company stock worth $28,769,333 in the last ninety days. 1.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently bought and sold shares of the business. Groesbeck Investment Management Corp NJ increased its holdings in O’Reilly Automotive by 0.7% in 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 during the period. 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 buying an additional 10 shares during the period. West Family Investments Inc. increased its holdings in O’Reilly Automotive by 2.1% in the 2nd quarter. West Family Investments Inc. now owns 533 shares of the specialty retailer’s stock valued at $509,000 after buying an additional 11 shares during the period. Caprock Group LLC increased its holdings in O’Reilly Automotive by 2.4% in the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock valued at $432,000 after buying an additional 11 shares during the period. Finally, Western Pacific Wealth Management LP increased its holdings in O’Reilly Automotive by 11.6% in the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock valued at $96,000 after buying an additional 11 shares during the period. Institutional investors 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.