O’Reilly Automotive (NASDAQ:ORLY) Price Target Lowered to $1,115.00 at Royal Bank of Canada

O’Reilly Automotive (NASDAQ:ORLY) had its price target reduced by Royal Bank of Canada from $1,124.00 to $1,115.00 in a research report sent to investors on Friday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the specialty retailer’s stock.

ORLY has been the topic of several other research reports. Evercore ISI dropped 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 report on Tuesday, July 16th. UBS Group cut their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating for the company in a research report on Thursday, July 18th. Truist Financial boosted their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a buy rating in a research report on Friday. Wedbush reiterated a neutral rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday. Finally, Wells Fargo & Company reduced their price objective 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 note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has an average rating of Moderate Buy and a consensus target price of $1,130.67.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,110.31 on Friday. The stock has a fifty day moving average price of $1,021.36 and a 200 day moving average price of $1,046.13. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11. The company has a market cap of $65.39 billion, a PE ratio of 28.18, a P/E/G ratio of 2.05 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the business posted $10.22 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts anticipate that O’Reilly Automotive will post 41.1 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares in the company, 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 Trading of O’Reilly Automotive

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth $36,000. Newbridge Financial Services Group Inc. acquired a new stake in O’Reilly Automotive in the 1st quarter worth about $37,000. Indiana Trust & Investment Management CO boosted its stake in O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Riverview Trust Co purchased a new stake in O’Reilly Automotive in the 1st quarter valued at about $41,000. Finally, Crewe Advisors LLC acquired a new position in shares of O’Reilly Automotive during the 1st quarter valued at about $43,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.