Brokerages Set O’Reilly Automotive, Inc. (NASDAQ:ORLY) PT at $1,414.56

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has earned a consensus rating of “Buy” from the eighteen research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $1,414.56.

A number of research analysts have recently issued reports on ORLY shares. Morgan Stanley reiterated an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. DA Davidson lifted their target price on shares of O’Reilly Automotive from $1,525.00 to $1,600.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Mizuho lifted their target price on shares of O’Reilly Automotive from $1,400.00 to $1,445.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. Finally, BMO Capital Markets raised their price target on shares of O’Reilly Automotive from $1,450.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, April 25th.

O’Reilly Automotive Trading Up 0.4%

NASDAQ:ORLY opened at $1,377.72 on Monday. O’Reilly Automotive has a 1 year low of $969.70 and a 1 year high of $1,458.37. The firm has a 50 day moving average of $1,372.76 and a 200-day moving average of $1,312.29. The stock has a market capitalization of $78.51 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.60.

Shares of O’Reilly Automotive are scheduled to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly minted shares will be issued to shareholders after the market closes on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 23rd. The specialty retailer reported $9.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.84 by ($0.49). O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm posted $9.20 EPS. The business’s revenue was up 4.0% on a year-over-year basis. As a group, analysts forecast that O’Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Ramon Parises Odems sold 2,000 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,360.45, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president now owns 16 shares of the company’s stock, valued at $21,767.20. The trade was a 99.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Raymond Murphy sold 200 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $1,379.00, for a total transaction of $275,800.00. Following the completion of the sale, the director now directly owns 304 shares in the company, valued at $419,216. This represents a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,219 shares of company stock valued at $3,022,386. Company insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new stake in O’Reilly Automotive in the 1st quarter valued at $25,000. HWG Holdings LP bought a new stake in O’Reilly Automotive in the 1st quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in O’Reilly Automotive in the 4th quarter valued at $28,000. HighMark Wealth Management LLC lifted its position in O’Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 13 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in O’Reilly Automotive in the 1st quarter valued at $30,000. 85.00% of the stock is owned by institutional investors.

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.