O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,110.00 at Barclays

O’Reilly Automotive (NASDAQ:ORLY) had its price target upped by analysts at Barclays from $1,088.00 to $1,110.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price objective would indicate a potential downside of 7.94% from the stock’s current price.

ORLY has been the topic of several other reports. Evercore ISI lifted their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Morgan Stanley lifted their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,270.69.

O’Reilly Automotive Price Performance

ORLY traded up $6.02 during trading hours on Thursday, reaching $1,205.74. 255,423 shares of the stock traded hands, compared to its average volume of 331,925. O’Reilly Automotive has a fifty-two week low of $921.25 and a fifty-two week high of $1,283.96. The company has a market cap of $69.61 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.58 and a beta of 0.94. The firm’s fifty day simple moving average is $1,220.58 and its two-hundred day simple moving average is $1,154.15.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the company earned $10.72 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts predict that O’Reilly Automotive will post 40.85 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the director now owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 business. Asset Dedication LLC raised its stake in shares of O’Reilly Automotive by 6.2% during the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after purchasing an additional 9 shares in the last quarter. Marks Group Wealth Management Inc raised its position in shares of O’Reilly Automotive by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after buying an additional 9 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of O’Reilly Automotive by 8.5% in the 3rd 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 period. Metis Global Partners LLC boosted its holdings in shares of O’Reilly Automotive by 0.5% in the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after acquiring an additional 9 shares in the last quarter. Finally, L.M. Kohn & Company increased its stake in shares of O’Reilly Automotive by 1.4% during the third 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 period. Institutional investors and hedge funds 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.