O’Reilly Automotive (NASDAQ:ORLY) Given New $795.00 Price Target at Royal Bank of Canada

O’Reilly Automotive (NASDAQ:ORLYGet Rating) had its price objective lowered by Royal Bank of Canada from $806.00 to $795.00 in a research report sent to investors on Friday, The Fly reports.

ORLY has been the subject of several other research reports. DA Davidson increased their price target on shares of O’Reilly Automotive from $740.00 to $815.00 in a research report on Friday. Morgan Stanley dropped their price target on shares of O’Reilly Automotive from $650.00 to $635.00 and set an equal weight rating for the company in a research report on Thursday, July 28th. Truist Financial dropped their price target on shares of O’Reilly Automotive from $788.00 to $770.00 and set a buy rating for the company in a research report on Monday, July 25th. Bank of America raised shares of O’Reilly Automotive from a neutral rating to a buy rating and set a $730.00 price objective for the company in a report on Tuesday, May 10th. Finally, MKM Partners raised their price objective on shares of O’Reilly Automotive from $700.00 to $770.00 and gave the stock a buy rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $749.58.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $708.99 on Friday. O’Reilly Automotive has a twelve month low of $562.90 and a twelve month high of $748.68. The stock has a market cap of $46.60 billion, a PE ratio of 22.39, a PEG ratio of 1.77 and a beta of 1.00. The firm has a 50-day simple moving average of $643.95 and a 200 day simple moving average of $658.44.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.98 by ($0.20). O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the company earned $8.33 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive will post 31.53 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 7,145 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $700.00, for a total value of $5,001,500.00. Following the completion of the sale, the chairman now owns 294,582 shares of the company’s stock, valued at $206,207,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher acquired 835 shares of O’Reilly Automotive stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $600.00 per share, with a total value of $501,000.00. Following the completion of the purchase, the chief financial officer now owns 1,897 shares in the company, valued at $1,138,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 7,145 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $700.00, for a total transaction of $5,001,500.00. Following the completion of the transaction, the chairman now directly owns 294,582 shares in the company, valued at $206,207,400. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds and other institutional investors have recently bought and sold shares of ORLY. Norges Bank bought a new position in O’Reilly Automotive in the fourth quarter valued at approximately $449,778,000. Walker Asset Management LLC boosted its position in shares of O’Reilly Automotive by 5,878.9% during the second quarter. Walker Asset Management LLC now owns 545,512 shares of the specialty retailer’s stock worth $352,579,000 after purchasing an additional 536,388 shares in the last quarter. Jennison Associates LLC boosted its position in shares of O’Reilly Automotive by 491.7% during the first quarter. Jennison Associates LLC now owns 508,269 shares of the specialty retailer’s stock worth $348,144,000 after purchasing an additional 422,371 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of O’Reilly Automotive by 128.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after purchasing an additional 386,822 shares in the last quarter. Finally, Carmignac Gestion bought a new position in shares of O’Reilly Automotive during the first quarter worth $194,291,000. 82.76% of the stock is owned by institutional investors.

O’Reilly Automotive Company Profile

(Get Rating)

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. 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.

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