O’Reilly Automotive (NASDAQ:ORLY) Price Target Increased to $770.00 by Analysts at MKM Partners

O’Reilly Automotive (NASDAQ:ORLYGet Rating) had its target price increased by MKM Partners from $700.00 to $770.00 in a report released on Friday morning, The Fly reports. MKM Partners currently has a buy rating on the specialty retailer’s stock.

Several other research firms have also commented on ORLY. DA Davidson raised their target price on O’Reilly Automotive from $740.00 to $815.00 in a report on Friday. Wells Fargo & Company dropped their target price on O’Reilly Automotive from $800.00 to $750.00 and set an overweight rating on the stock in a report on Wednesday, June 8th. Morgan Stanley dropped their target price on O’Reilly Automotive from $650.00 to $635.00 and set an equal weight rating on the stock in a report on Thursday, July 28th. Bank of America raised O’Reilly Automotive from a neutral rating to a buy rating and set a $730.00 price objective on the stock in a report on Tuesday, May 10th. Finally, Truist Financial dropped their price objective on O’Reilly Automotive from $788.00 to $770.00 and set a buy rating on the stock in a report on Monday, July 25th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive has an average rating of Moderate Buy and an average price target of $749.58.

O’Reilly Automotive Stock Up 0.8 %

Shares of NASDAQ:ORLY opened at $708.99 on Friday. O’Reilly Automotive has a 52-week low of $562.90 and a 52-week high of $748.68. The stock has a market cap of $46.60 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.77 and a beta of 1.00. The business has a 50-day moving average price of $643.95 and a 200-day moving average price of $658.44.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last announced its quarterly earnings data 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). The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.33 earnings per share. As a group, equities analysts anticipate that O’Reilly Automotive will post 31.53 EPS for the current fiscal year.

Insider Buying and Selling

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

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. Jag Capital Management LLC purchased a new stake in O’Reilly Automotive in the second quarter valued at $12,947,000. Castle Wealth Management LLC purchased a new stake in O’Reilly Automotive in the second quarter valued at $27,000. Empirical Finance LLC raised its position in O’Reilly Automotive by 5.3% in the second quarter. Empirical Finance LLC now owns 1,428 shares of the specialty retailer’s stock valued at $902,000 after purchasing an additional 72 shares during the period. US Bancorp DE raised its position in O’Reilly Automotive by 4.3% in the second quarter. US Bancorp DE now owns 28,480 shares of the specialty retailer’s stock valued at $17,992,000 after purchasing an additional 1,187 shares during the period. Finally, Homestead Advisers Corp raised its position in O’Reilly Automotive by 21.2% in the second quarter. Homestead Advisers Corp now owns 126 shares of the specialty retailer’s stock valued at $80,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 82.76% of the company’s stock.

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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