O'Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,275.00

O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its price target boosted by Evercore ISI from $1,255.00 to $1,275.00 in a research report released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer's stock.

ORLY has been the topic of several other research reports. Wells Fargo & Company cut their price target on O'Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada raised their price target on shares of O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Wedbush reaffirmed a neutral rating and issued a $1,100.00 price target on shares of O'Reilly Automotive in a report on Thursday, April 25th. Truist Financial decreased their price objective on shares of O'Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating for the company in a report on Friday, April 26th. Finally, Mizuho assumed coverage on shares of O'Reilly Automotive in a research note on Tuesday, March 19th. They issued a buy rating and a $1,225.00 target price on the stock. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $1,123.64.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY traded down $5.98 during mid-day trading on Tuesday, hitting $1,006.77. 587,737 shares of the company traded hands, compared to its average volume of 377,739. The firm's 50 day simple moving average is $1,086.55 and its 200 day simple moving average is $1,025.17. The firm has a market cap of $59.29 billion, a P/E ratio of 25.40, a PEG ratio of 1.92 and a beta of 0.90. O'Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $8.28 earnings per share. Equities research analysts expect that O'Reilly Automotive will post 41.93 EPS for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares of the company's stock, valued at $726,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Doug D. Bragg sold 1,218 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the firm's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares of the company's stock, valued at $726,740. The disclosure for this sale can be found here. Insiders sold a total of 26,300 shares of company stock valued at $27,524,597 in 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 made changes to their positions in the business. Groesbeck Investment Management Corp NJ raised its position in O'Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer's stock worth $1,306,000 after purchasing an additional 10 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of O'Reilly Automotive by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer's stock worth $251,000 after buying an additional 10 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of O'Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer's stock worth $820,000 after buying an additional 10 shares during the period. Sunbelt Securities Inc. boosted its stake in O'Reilly Automotive by 2.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer's stock valued at $418,000 after buying an additional 11 shares in the last quarter. Finally, Atlas Brown Inc. boosted its stake in O'Reilly Automotive by 2.8% in the 4th quarter. Atlas Brown Inc. now owns 400 shares of the specialty retailer's stock valued at $380,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

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.