O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,450.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price boosted by BMO Capital Markets from $1,400.00 to $1,450.00 in a report published on Monday,Benzinga reports. The firm currently has an outperform rating on the specialty retailer’s stock.

ORLY has been the subject of a number of other research reports. Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. DA Davidson lifted their price target on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Mizuho boosted their target price on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,324.30 on Monday. The firm’s fifty day moving average is $1,244.91 and its two-hundred day moving average is $1,192.31. O’Reilly Automotive has a one year low of $947.49 and a one year high of $1,350.27. The firm has a market cap of $76.45 billion, a PE ratio of 32.57, a P/E/G ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Research analysts predict that O’Reilly Automotive will post 44.16 earnings per share for the current year.

Insider Activity

In other news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new stake in O’Reilly Automotive in the 4th quarter valued at about $28,000. AlphaMark Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter worth approximately $30,000. Murphy & Mullick Capital Management Corp purchased a new stake in O’Reilly Automotive in the fourth quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive during the third quarter worth approximately $32,000. Finally, Kestra Investment Management LLC purchased a new position in O’Reilly Automotive during the fourth quarter worth approximately $32,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.