BMO Capital Markets Forecasts Strong Price Appreciation for O’Reilly Automotive (NASDAQ:ORLY) Stock

O’Reilly Automotive (NASDAQ:ORLY) had its price objective increased by equities research analysts at BMO Capital Markets from $1,400.00 to $1,450.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. BMO Capital Markets’ price target would suggest a potential upside of 9.52% from the stock’s previous close.

Several other analysts have also commented on ORLY. Mizuho boosted their price target on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Guggenheim boosted their target price on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Truist Financial boosted their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays raised their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,323.94 on Monday. The firm has a fifty day moving average of $1,243.39 and a 200-day moving average of $1,190.81. The stock has a market cap of $76.43 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 2.50 and a beta of 0.94. O’Reilly Automotive has a 52-week low of $947.49 and a 52-week high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. On average, sell-side analysts predict that O’Reilly Automotive will post 44.16 earnings per share for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% 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 ORLY. Lee Danner & Bass Inc. bought a new position in O’Reilly Automotive during the 4th quarter worth approximately $28,000. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive in the fourth quarter worth $30,000. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the third quarter worth $32,000. Kestra Investment Management LLC acquired a new position in shares of O’Reilly Automotive in the 4th quarter valued at $32,000. Finally, Trifecta Capital Advisors LLC increased its position in shares of O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

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.