O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price increased by stock analysts at Evercore ISI from $108.00 to $110.00 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 objective would suggest a potential upside of 6.18% from the company's previous close.
A number of other research analysts have also commented on the stock. DA Davidson boosted their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Royal Bank Of Canada boosted their price target on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. UBS Group upped their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Citigroup boosted their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Mizuho increased their price target on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $102.40.
View Our Latest Analysis on ORLY
O'Reilly Automotive Price Performance
ORLY opened at $103.60 on Tuesday. O'Reilly Automotive has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The firm has a market capitalization of $88.56 billion, a PE ratio of 37.04, a P/E/G ratio of 2.73 and a beta of 0.56. The company's 50-day moving average is $93.44 and its 200 day moving average is $91.39.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business posted $10.55 EPS. O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that O'Reilly Automotive will post 43.94 EPS for the current year.
Insider Buying and Selling at O'Reilly Automotive
In other news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the sale, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The disclosure for this sale can be found here. Insiders have sold a total of 69,840 shares of company stock worth $6,629,176 in the last three months. 1.01% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its position in shares of O'Reilly Automotive by 1,409.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 444,982 shares of the specialty retailer's stock worth $40,106,000 after buying an additional 415,496 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of O'Reilly Automotive by 1,234.7% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 654 shares of the specialty retailer's stock worth $59,000 after purchasing an additional 605 shares during the period. Prudential PLC grew its stake in O'Reilly Automotive by 7,937.3% in the 2nd quarter. Prudential PLC now owns 81,579 shares of the specialty retailer's stock valued at $7,353,000 after acquiring an additional 80,564 shares during the last quarter. Cumberland Partners Ltd grew its stake in O'Reilly Automotive by 1,390.0% in the 2nd quarter. Cumberland Partners Ltd now owns 179,961 shares of the specialty retailer's stock valued at $16,220,000 after acquiring an additional 167,883 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in O'Reilly Automotive by 1,146.8% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 4,127 shares of the specialty retailer's stock valued at $372,000 after purchasing an additional 3,796 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.
About O'Reilly Automotive
(
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, 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.
Further Reading
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