O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $110.00 at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its price target increased by Evercore ISI from $108.00 to $110.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.

Several other equities research analysts also recently commented on the stock. DA Davidson boosted their target price on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 25th. BMO Capital Markets upped their price target on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Citigroup upped their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Truist Financial upped their price target on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $102.40.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $101.89 on Tuesday. O’Reilly Automotive has a 52 week low of $73.11 and a 52 week high of $104.86. The company’s fifty day moving average is $93.65 and its 200-day moving average is $91.46. The company has a market capitalization of $86.45 billion, a PE ratio of 36.42, a P/E/G ratio of 2.74 and a beta of 0.56.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company earned $10.55 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts forecast that O’Reilly Automotive will post 43.94 EPS for the current year.

Insider Activity

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares of the company’s stock, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Raymond Murphy sold 3,000 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $91.93, for a total value of $275,800.00. Following the completion of the sale, the director directly owned 4,560 shares of the company’s stock, valued at approximately $419,216. This trade represents a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 69,840 shares of company stock worth $6,629,176. Corporate insiders own 1.01% of the company’s stock.

Institutional Trading of O’Reilly Automotive

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in O’Reilly Automotive by 1,404.9% during the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock worth $7,105,396,000 after purchasing an additional 73,596,571 shares in the last quarter. Geode Capital Management LLC increased its stake in O’Reilly Automotive by 1,443.1% during the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock worth $2,130,866,000 after purchasing an additional 22,144,563 shares in the last quarter. Bank of New York Mellon Corp increased its stake in O’Reilly Automotive by 1,317.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after purchasing an additional 16,406,181 shares in the last quarter. Jennison Associates LLC increased its stake in O’Reilly Automotive by 1,820.9% during the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after purchasing an additional 13,382,074 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in O’Reilly Automotive by 1,467.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,152,716 shares of the specialty retailer’s stock worth $824,934,000 after purchasing an additional 8,568,904 shares in the last quarter. 85.00% of the stock is owned by 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.