O’Reilly Automotive (NASDAQ:ORLY) Price Target Cut to $1,220.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price reduced by Evercore ISI from $1,240.00 to $1,220.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s price target would suggest a potential upside of 11.44% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Mizuho began coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Barclays increased their price objective on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, The Goldman Sachs Group raised their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $1,089.59.

O’Reilly Automotive Stock Up 0.5 %

ORLY stock opened at $1,094.80 on Tuesday. The business’s 50-day moving average price is $1,091.08 and its 200-day moving average price is $1,007.49. The stock has a market cap of $64.63 billion, a P/E ratio of 28.45, a PEG ratio of 1.94 and a beta of 0.86. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $8.37 EPS. On average, equities research analysts expect that O’Reilly Automotive will post 42.09 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares in the company, valued at $987,316. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director John Raymond Murphy sold 269 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the sale, the director now directly owns 950 shares of the company’s stock, valued at approximately $987,316. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the sale, the chairman now directly owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock worth $27,269,333 over the last ninety days. Company insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds have recently bought and sold shares of the business. Cibc World Market Inc. boosted its position in O’Reilly Automotive by 305.4% in the 1st quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock valued at $2,213,000 after buying an additional 2,434 shares during the period. Sei Investments Co. boosted its holdings in shares of O’Reilly Automotive by 51.3% in the first 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 bought a new position in O’Reilly Automotive in the first quarter worth approximately $1,847,000. Cetera Investment Advisers increased its holdings in O’Reilly Automotive by 48.9% during the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock worth $1,343,000 after purchasing an additional 644 shares during the period. Finally, Moors & Cabot Inc. raised its position in O’Reilly Automotive by 11.4% during 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 in the last quarter. Institutional investors own 85.00% of the company’s stock.

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.