O’Reilly Automotive (NASDAQ:ORLY) Given New $1,088.00 Price Target at Barclays

O’Reilly Automotive (NASDAQ:ORLY) had its price target lifted by Barclays from $986.00 to $1,088.00 in a report released on Friday, Benzinga reports. Barclays currently has an equal weight rating on the specialty retailer’s stock.

Several other brokerages have also recently issued reports on ORLY. Evercore ISI raised their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada raised their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a report on Thursday. Finally, Truist Financial raised their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Performance

ORLY stock traded down $4.55 during trading on Friday, reaching $1,195.22. 238,279 shares of the company traded hands, compared to its average volume of 374,296. O’Reilly Automotive has a 12 month low of $895.88 and a 12 month high of $1,221.18. The business has a 50 day simple moving average of $1,149.00 and a 200 day simple moving average of $1,081.47. The company has a market capitalization of $69.33 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the business posted $10.72 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that O’Reilly Automotive will post 41.05 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock valued at $56,846,062 over the last ninety days. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Solidarity Wealth LLC raised its position in O’Reilly Automotive by 23.0% in the third quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock valued at $9,911,000 after purchasing an additional 1,607 shares during the period. First Trust Direct Indexing L.P. raised its position in O’Reilly Automotive by 40.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,208 shares of the specialty retailer’s stock valued at $2,542,000 after purchasing an additional 641 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in O’Reilly Automotive by 0.3% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 53,672 shares of the specialty retailer’s stock valued at $64,394,000 after purchasing an additional 146 shares during the period. Ariston Services Group purchased a new stake in O’Reilly Automotive in the third quarter valued at $327,000. Finally, Childress Capital Advisors LLC raised its holdings in shares of O’Reilly Automotive by 7.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 218 shares of the specialty retailer’s stock valued at $251,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors 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.