O’Reilly Automotive (NASDAQ:ORLY) Given New $1,525.00 Price Target at DA Davidson

O’Reilly Automotive (NASDAQ:ORLY) had its price objective upped by equities research analysts at DA Davidson from $1,450.00 to $1,525.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price target indicates a potential upside of 15.82% from the stock’s previous close.

ORLY has been the topic of several other research reports. TD Cowen lifted their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research note on Friday. Wedbush lifted their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday. Mizuho increased their price target on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $1,366.65.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY traded down $13.99 during mid-day trading on Friday, hitting $1,316.75. The stock had a trading volume of 343,742 shares, compared to its average volume of 338,296. The company’s 50 day simple moving average is $1,240.65 and its 200 day simple moving average is $1,185.54. The stock has a market cap of $76.02 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.40 and a beta of 0.94. O’Reilly Automotive has a twelve month low of $947.49 and a twelve month high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. As a group, equities analysts forecast that O’Reilly Automotive will post 40.86 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds have recently added to or reduced their stakes in the company. Asset Dedication LLC lifted its position in O’Reilly Automotive by 6.2% during the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after buying an additional 9 shares during the period. Marks Group Wealth Management Inc boosted its stake in shares of O’Reilly Automotive by 1.5% in the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after purchasing an additional 9 shares during the period. Venturi Wealth Management LLC increased its position in shares of O’Reilly Automotive by 8.5% during the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock worth $132,000 after acquiring an additional 9 shares during the last quarter. Metis Global Partners LLC raised its position in shares of O’Reilly Automotive by 0.5% in the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after purchasing an additional 9 shares in the last quarter. Finally, L.M. Kohn & Company boosted its stake in O’Reilly Automotive by 1.4% during the 3rd quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock valued at $753,000 after acquiring an additional 9 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.