O’Reilly Automotive (NASDAQ:ORLY) PT Lowered to $1,200.00

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

Several other research analysts have also recently commented on the stock. Barclays raised their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday. Mizuho started coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. Evercore ISI reduced their target price on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their price target on 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. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,106.31.

O’Reilly Automotive Price Performance

ORLY opened at $1,043.93 on Thursday. The business has a fifty day simple moving average of $1,097.20 and a 200 day simple moving average of $1,015.51. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11. The company has a market capitalization of $61.62 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $8.28 earnings per share. O’Reilly Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that O’Reilly Automotive will post 41.7 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction on 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 sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director John Raymond Murphy sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the transaction, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive 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 of the company’s stock, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 in the last quarter. Company insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Steward Financial Group LLC increased its holdings in O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 17 shares in the last quarter. Rise Advisors LLC bought a new stake in O’Reilly Automotive during the first quarter worth $36,000. Newbridge Financial Services Group Inc. purchased a new stake in O’Reilly Automotive in the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO lifted its stake in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in O’Reilly Automotive during the 1st quarter worth $41,000. 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.