O’Reilly Automotive (ORLY) Price Target Raised to $435.00 at Raymond James

O’Reilly Automotive (NASDAQ:ORLY) had its price target raised by Raymond James from $408.00 to $435.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a strong-buy rating on the specialty retailer’s stock.

Other analysts have also recently issued research reports about the stock. Citigroup boosted their price target on shares of O’Reilly Automotive from $422.00 to $454.00 and gave the stock a buy rating in a research note on Monday, April 1st. BidaskClub upgraded shares of O’Reilly Automotive from a hold rating to a buy rating in a research note on Thursday, February 14th. Oppenheimer cut shares of O’Reilly Automotive from an outperform rating to a market perform rating in a research note on Friday, February 8th. Atlantic Securities cut shares of O’Reilly Automotive from an overweight rating to a neutral rating and boosted their price target for the stock from $370.00 to $400.00 in a research note on Friday, March 1st. Finally, Wells Fargo & Co boosted their price target on shares of O’Reilly Automotive from $415.00 to $445.00 and gave the stock an outperform rating in a research note on Thursday, April 18th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $379.13.

Shares of O’Reilly Automotive stock opened at $379.96 on Thursday. The firm has a market capitalization of $29.78 billion, a P/E ratio of 23.60, a PEG ratio of 1.39 and a beta of 0.85. The company has a quick ratio of 0.09, a current ratio of 0.84 and a debt-to-equity ratio of 9.29. O’Reilly Automotive has a fifty-two week low of $254.09 and a fifty-two week high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 EPS for the quarter, hitting the consensus estimate of $4.05. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.44 billion. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.61 EPS. On average, sell-side analysts forecast that O’Reilly Automotive will post 17.77 EPS for the current year.

In other news, EVP Brad W. Beckham sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $370.71, for a total transaction of $1,853,550.00. Following the sale, the executive vice president now directly owns 5,454 shares in the company, valued at approximately $2,021,852.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeff M. Shaw sold 3,615 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $375.35, for a total transaction of $1,356,890.25. Following the sale, the chief operating officer now owns 27,832 shares in the company, valued at $10,446,741.20. The disclosure for this sale can be found here. Insiders have sold a total of 119,273 shares of company stock worth $44,907,567 over the last 90 days. Corporate insiders own 2.52% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ORLY. Sigma Planning Corp grew its holdings in O’Reilly Automotive by 5.2% during the 4th quarter. Sigma Planning Corp now owns 610 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 30 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in O’Reilly Automotive by 16.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 237 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 34 shares during the last quarter. Peak Asset Management LLC grew its holdings in O’Reilly Automotive by 3.6% during the 4th quarter. Peak Asset Management LLC now owns 1,080 shares of the specialty retailer’s stock valued at $372,000 after purchasing an additional 38 shares during the last quarter. NewSquare Capital LLC grew its holdings in O’Reilly Automotive by 6.3% during the 1st quarter. NewSquare Capital LLC now owns 680 shares of the specialty retailer’s stock valued at $264,000 after purchasing an additional 40 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in O’Reilly Automotive by 0.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,817 shares of the specialty retailer’s stock valued at $4,758,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

See Also: The Structure of a Futures Contract

Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.