O’Reilly Automotive (NASDAQ:ORLY) Price Target Increased to $1,204.00 by Analysts at Truist Financial

O’Reilly Automotive (NASDAQ:ORLY) had its target price hoisted by Truist Financial from $1,143.00 to $1,204.00 in a research report report published on Friday, Benzinga reports. Truist Financial currently has a buy rating on the specialty retailer’s stock.

A number of other research analysts have also recently weighed in on the stock. Wedbush reiterated a neutral rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. StockNews.com lowered shares of O’Reilly Automotive from a buy rating to a hold rating in a research report on Friday, May 3rd. UBS Group decreased their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating for the company in a research note on Thursday, July 18th. Evercore ISI cut their target price on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating on the stock in a research note on Tuesday, July 16th. Finally, Wells Fargo & Company decreased their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating for the company in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $1,130.67.

O’Reilly Automotive Stock Up 0.7 %

O’Reilly Automotive stock opened at $1,118.19 on Friday. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The company has a market cap of $65.85 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 2.11 and a beta of 0.92. The firm’s fifty day moving average is $1,023.82 and its 200 day moving average is $1,048.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $10.22 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive will post 41.07 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after acquiring an additional 75,837 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of O’Reilly Automotive by 3.2% in the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock valued at $1,954,404,000 after purchasing an additional 57,194 shares during the period. Bank of New York Mellon Corp raised its stake in shares of O’Reilly Automotive by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock worth $1,505,649,000 after purchasing an additional 19,211 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares during the period. Finally, Jennison Associates LLC boosted its position in O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after buying an additional 66,629 shares during the last quarter. Hedge funds and other 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.