O’Reilly Automotive (NASDAQ:ORLY) Given New $1,220.00 Price Target at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its price target reduced by Evercore ISI from $1,240.00 to $1,220.00 in a research note released on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered O’Reilly Automotive from a buy rating to a hold rating in a research report on Thursday, February 8th. Royal Bank of Canada boosted their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research report on Friday, February 9th. The Goldman Sachs Group boosted their price objective on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a research report on Friday, February 9th. Wedbush lifted their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a report on Thursday, February 8th. Finally, Truist Financial lifted their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of Moderate Buy and an average target price of $1,102.53.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,101.06 on Tuesday. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The business’s fifty day moving average is $1,092.68 and its 200-day moving average is $1,008.14. The firm has a market cap of $65.00 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.99 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. O’Reilly Automotive’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.37 EPS. As a group, research analysts forecast that O’Reilly Automotive will post 42.09 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 approximately $987,316. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock valued at $27,269,333 in the last ninety days. 1.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cibc World Market Inc. increased its holdings in O’Reilly Automotive by 305.4% during the 1st quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock worth $2,213,000 after purchasing an additional 2,434 shares in the last quarter. Sei Investments Co. increased its holdings in O’Reilly Automotive by 51.3% during the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock worth $10,894,000 after purchasing an additional 5,376 shares in the last quarter. Prudential PLC bought a new stake in O’Reilly Automotive during the 1st quarter worth approximately $1,847,000. Cetera Investment Advisers increased its holdings in O’Reilly Automotive by 48.9% during the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock worth $1,343,000 after purchasing an additional 644 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings in O’Reilly Automotive by 11.4% during the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock worth $262,000 after purchasing an additional 39 shares in the last quarter. 85.00% of the stock is 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.