O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,078.00

O’Reilly Automotive (NASDAQ:ORLYFree Report) had its price objective raised by Royal Bank of Canada from $1,003.00 to $1,078.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

Other research analysts have also issued reports about the company. Barclays increased their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a research report on Thursday, January 4th. Wedbush upped their price target on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a research note on Thursday. The Goldman Sachs Group upped their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a research note on Friday. Stephens restated an overweight rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, December 19th. Finally, Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,125.00 to $1,200.00 and gave the company an overweight rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $1,056.44.

Check Out Our Latest Stock Analysis on ORLY

O’Reilly Automotive Price Performance

ORLY stock opened at $1,025.82 on Friday. The business has a 50 day simple moving average of $981.65 and a 200-day simple moving average of $954.27. The firm has a market capitalization of $60.69 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 1.81 and a beta of 0.86. O’Reilly Automotive has a 1 year low of $795.74 and a 1 year high of $1,074.04.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $8.37 earnings per share. On average, equities research analysts expect that O’Reilly Automotive will post 42.15 EPS for the current year.

Insiders Place Their Bets

In related news, Director Dana Perlman sold 100 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $974.24, for a total transaction of $97,424.00. Following the transaction, the director now owns 1,197 shares of the company’s stock, valued at $1,166,165.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Dana Perlman sold 100 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $974.24, for a total transaction of $97,424.00. Following the transaction, the director now owns 1,197 shares of the company’s stock, valued at $1,166,165.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of O’Reilly Automotive during the 4th quarter valued at approximately $671,384,000. International Assets Investment Management LLC lifted its position in shares of O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after acquiring an additional 652,924 shares during the period. Morgan Stanley lifted its position in shares of O’Reilly Automotive by 113.8% during the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after acquiring an additional 635,416 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of O’Reilly Automotive by 101,509.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock valued at $448,531,000 after acquiring an additional 530,893 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of O’Reilly Automotive by 128.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock valued at $470,900,000 after acquiring an additional 386,822 shares during the period. Hedge funds and other institutional investors own 82.92% of the company’s stock.

About O’Reilly Automotive

(Get Free Report)

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 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.

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Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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