O’Reilly Automotive (NASDAQ:ORLY) PT Lowered to $1,220.00 at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its price objective decreased by Evercore ISI from $1,240.00 to $1,220.00 in a report released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

A number of other analysts have also issued reports on ORLY. Royal Bank of Canada raised their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an outperform rating in a report on Friday, February 9th. Stephens reaffirmed an overweight rating and issued a $1,060.00 target price on shares of O’Reilly Automotive in a report on Tuesday, December 19th. StockNews.com lowered O’Reilly Automotive from a buy rating to a hold rating in a report on Thursday, February 8th. Barclays lifted their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a report on Thursday, January 4th. Finally, Truist Financial lifted their price objective on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $1,102.53.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,101.06 on Tuesday. The stock’s 50 day simple moving average is $1,092.68 and its 200 day simple moving average is $1,008.14. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a market capitalization of $65.00 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.99 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period last year, the business earned $8.37 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast that O’Reilly Automotive will post 42.09 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the transaction, the chairman now directly owns 216,539 shares in the company, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock worth $27,269,333 over the last 90 days. 1.55% of the stock is owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in ORLY. Cibc World Market Inc. lifted its stake in O’Reilly Automotive by 305.4% in the first quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock valued at $2,213,000 after buying an additional 2,434 shares during the period. Sei Investments Co. increased its holdings in shares of O’Reilly Automotive by 51.3% in the first quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock worth $10,894,000 after acquiring an additional 5,376 shares in the last quarter. Prudential PLC bought a new stake in shares of O’Reilly Automotive in the first quarter worth about $1,847,000. Cetera Investment Advisers increased its holdings in shares of O’Reilly Automotive by 48.9% in the first quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock worth $1,343,000 after acquiring an additional 644 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings in shares of O’Reilly Automotive by 11.4% in the first quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock worth $262,000 after acquiring an additional 39 shares in 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.