JPMorgan Chase & Co. Boosts O'Reilly Automotive (NASDAQ:ORLY) Price Target to $113.00

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $101.00 to $113.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the specialty retailer's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 22.37% from the company's current price.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company boosted their target price on O'Reilly Automotive from $95.00 to $103.33 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Royal Bank Of Canada reissued an "outperform" rating and issued a $98.00 target price on shares of O'Reilly Automotive in a report on Wednesday, July 2nd. UBS Group boosted their target price on O'Reilly Automotive from $102.33 to $105.33 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Barclays boosted their target price on O'Reilly Automotive from $83.33 to $86.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $96.02.

O'Reilly Automotive Stock Up 0.8%

NASDAQ ORLY opened at $92.34 on Monday. O'Reilly Automotive has a twelve month low of $69.33 and a twelve month high of $97.22. The firm has a market capitalization of $78.94 billion, a PE ratio of 33.94, a P/E/G ratio of 2.52 and a beta of 0.58. The stock's 50 day moving average is $90.67 and its 200 day moving average is $89.34.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). O'Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that O'Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Activity at O'Reilly Automotive

In related news, SVP Najera Jose A. Montellano sold 285 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ramon Parises Odems sold 30,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the sale, the senior vice president owned 240 shares of the company's stock, valued at approximately $21,767.20. This trade represents a 99.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,285 shares of company stock worth $3,022,386. 1.01% of the stock is owned by insiders.

Institutional Trading of O'Reilly Automotive

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new stake in O'Reilly Automotive in the first quarter worth about $25,000. HWG Holdings LP purchased a new stake in O'Reilly Automotive in the first quarter worth about $26,000. Oakworth Capital Inc. increased its position in O'Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after buying an additional 264 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in O'Reilly Automotive in the fourth quarter worth about $28,000. Finally, ORG Partners LLC increased its position in O'Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after buying an additional 277 shares in the last quarter. Hedge funds and other 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.

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