O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,149.00 at Truist Financial

O’Reilly Automotive (NASDAQ:ORLYFree Report) had its price objective boosted by Truist Financial from $1,080.00 to $1,149.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

A number of other equities analysts have also recently issued reports on ORLY. Wedbush increased their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a report on Thursday. Royal Bank of Canada increased their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a report on Friday. TD Cowen increased their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an outperform rating in a report on Friday, December 8th. Barclays increased their target price on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a report on Thursday, January 4th. Finally, JPMorgan Chase & Co. increased their price target on O’Reilly Automotive from $980.00 to $1,030.00 and gave the stock an overweight rating in a research report on Wednesday, October 18th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of Moderate Buy and a consensus price target of $1,056.44.

Get Our Latest Research Report on ORLY

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,025.82 on Friday. O’Reilly Automotive has a twelve month low of $795.74 and a twelve month high of $1,074.04. The stock has a market capitalization of $60.69 billion, a PE ratio of 26.66, a P/E/G ratio of 1.80 and a beta of 0.86. The stock has a 50-day simple moving average of $981.65 and a 200 day simple moving average of $954.42.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.37 EPS. As a group, equities research analysts forecast that O’Reilly Automotive will post 41.81 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Carl David Wilbanks sold 5,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $996.94, for a total transaction of $4,984,700.00. Following the sale, the senior vice president now owns 687 shares of the company’s stock, valued at approximately $684,897.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. Insiders have sold 6,600 shares of company stock worth $6,582,124 in the last three months. Insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in ORLY. Cibc World Market Inc. raised its stake in O’Reilly Automotive by 305.4% during the 1st quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock worth $2,213,000 after buying an additional 2,434 shares during the period. Sei Investments Co. raised its stake in shares of O’Reilly Automotive by 51.3% in the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock valued at $10,894,000 after purchasing an additional 5,376 shares during the period. Prudential PLC acquired a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $1,847,000. Cetera Investment Advisers raised its stake in shares of O’Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock valued at $1,343,000 after purchasing an additional 644 shares during the period. Finally, Moors & Cabot Inc. raised its stake in shares of O’Reilly Automotive by 11.4% in the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock valued at $262,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 82.92% of the company’s stock.

O’Reilly Automotive Company Profile

(Get Free Report)

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 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.

Further Reading

Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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