O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives $1,414.56 Average Price Target from Analysts

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has been given a consensus rating of “Buy” by the eighteen research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $1,414.56.

ORLY has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of O’Reilly Automotive in a research report on Thursday, April 24th. Guggenheim reaffirmed a “buy” rating and issued a $1,475.00 price target on shares of O’Reilly Automotive in a report on Monday, March 10th. UBS Group increased their price objective on O’Reilly Automotive from $1,535.00 to $1,580.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Barclays raised their target price on O’Reilly Automotive from $1,250.00 to $1,290.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Finally, Wedbush upped their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th.

Insider Activity at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,303.68, for a total value of $1,303,680.00. Following the transaction, the director now owns 135,377 shares of the company’s stock, valued at $176,488,287.36. This represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brad W. Beckham sold 833 shares of O’Reilly Automotive stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the transaction, the chief executive officer now owns 760 shares in the company, valued at approximately $988,000. This represents a 52.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,894 shares of company stock valued at $10,409,618. Corporate insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Carolinas Wealth Consulting LLC increased its stake in shares of O’Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock worth $76,000 after buying an additional 8 shares during the period. Marcum Wealth LLC raised its stake in shares of O’Reilly Automotive by 4.0% during the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer’s stock valued at $301,000 after acquiring an additional 8 shares during the last quarter. Adero Partners LLC raised its stake in shares of O’Reilly Automotive by 1.9% during the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock valued at $609,000 after acquiring an additional 8 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of O’Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock worth $342,000 after purchasing an additional 8 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of O’Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 8 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,358.21 on Thursday. O’Reilly Automotive has a 52 week low of $947.49 and a 52 week high of $1,458.37. The firm has a 50-day moving average price of $1,369.07 and a two-hundred day moving average price of $1,290.01. The firm has a market cap of $77.75 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64.

O’Reilly Automotive shares are set to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be distributed to shareholders after the market closes on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $9.35 earnings per share for the quarter, missing the consensus estimate of $9.84 by ($0.49). The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.18 billion. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $9.20 EPS. As a group, sell-side analysts forecast that O’Reilly Automotive will post 43.94 earnings per share for the current year.

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.