Evercore ISI Cuts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,200.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target lowered by Evercore ISI from $1,220.00 to $1,200.00 in a research note released on Friday, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

A number of other brokerages have also recently weighed in on ORLY. Mizuho started coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a buy rating and a $1,225.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating for the company in a research report on Thursday, April 25th. Truist Financial cut their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating on the stock in a research report on Friday. Wedbush reaffirmed a neutral rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Finally, Royal Bank of Canada increased their target price 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 equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of Moderate Buy and a consensus target price of $1,110.07.

O’Reilly Automotive Stock Down 0.7 %

ORLY stock opened at $1,037.04 on Friday. The company has a market cap of $61.22 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.91 and a beta of 0.86. The business has a fifty day simple moving average of $1,096.92 and a 200-day simple moving average of $1,017.73. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $8.28 earnings per share. As a group, analysts expect that O’Reilly Automotive will post 41.79 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the 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 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 is available at this link. In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the sale, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Raymond Murphy sold 269 shares of the stock in a transaction dated 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 sale, the director now owns 950 shares in the company, valued at approximately $987,316. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock valued at $27,269,333 over the last three months. 1.18% of the stock is owned by insiders.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently made changes to their positions in ORLY. Groesbeck Investment Management Corp NJ lifted its stake in O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after buying an additional 10 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of O’Reilly Automotive by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 10 shares during the period. Pinnacle Associates Ltd. lifted its position in O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after purchasing an additional 10 shares during the last quarter. Caprock Group LLC boosted its stake in O’Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock valued at $432,000 after purchasing an additional 11 shares during the period. Finally, Western Pacific Wealth Management LP grew its position in O’Reilly Automotive by 11.6% in the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

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.