O'Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,240.00

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its price target increased by investment analysts at Evercore ISI from $1,235.00 to $1,240.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the specialty retailer's stock. Evercore ISI's price target indicates a potential upside of 8.75% from the company's previous close.

ORLY has been the topic of a number of other research reports. Stephens reissued an "overweight" rating and issued a $1,060.00 price target on shares of O'Reilly Automotive in a research report on Tuesday, December 19th. Barclays boosted their target price on shares of O'Reilly Automotive from $954.00 to $986.00 and gave the company an "equal weight" rating in a research note on Thursday, January 4th. Wedbush boosted their price objective on O'Reilly Automotive from $940.00 to $1,100.00 and gave the stock a "neutral" rating in a report on Thursday, February 8th. The Goldman Sachs Group boosted their target price on O'Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Finally, Mizuho assumed coverage on O'Reilly Automotive in a research report on Tuesday, March 19th. They set a "buy" rating and a $1,225.00 target price for the company. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Moderate Buy" and an average price target of $1,090.76.

O'Reilly Automotive Stock Up 0.9 %

O'Reilly Automotive stock traded up $9.93 during trading hours on Tuesday, hitting $1,140.21. 325,575 shares of the company traded hands, compared to its average volume of 378,096. The firm's 50-day simple moving average is $1,076.05 and its two-hundred day simple moving average is $993.36. The firm has a market cap of $67.32 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.05 and a beta of 0.86. O'Reilly Automotive has a 1-year low of $851.22 and a 1-year high of $1,169.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.07 by $0.19. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $8.37 earnings per share. On average, equities research analysts predict that O'Reilly Automotive will post 42.09 earnings per share for the current year.

Insider Activity at O'Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of the 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 sale, the director now owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other O'Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the transaction, the director now owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the transaction, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,468 shares of company stock worth $28,769,333. Company insiders own 1.55% of the company's stock.

Hedge Funds Weigh In On O'Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC acquired a new position in shares of O'Reilly Automotive during the second quarter worth approximately $25,000. Steward Financial Group LLC grew its stake in shares of O'Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 17 shares during the period. Ancora Advisors LLC bought a new position in shares of O'Reilly Automotive during the 4th quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in O'Reilly Automotive in the third quarter worth approximately $34,000. Finally, Carmel Capital Partners LLC boosted its stake in O'Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer's stock worth $34,000 after buying an additional 35 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Company Profile

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.