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

O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its price objective reduced by Evercore ISI from $1,240.00 to $1,220.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the specialty retailer's stock.

ORLY has been the subject of several other reports. StockNews.com lowered O'Reilly Automotive from a buy rating to a hold rating in a research report on Thursday, February 8th. Truist Financial boosted their target price on O'Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. 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 note on Friday, February 9th. Wedbush boosted their target price on O'Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada boosted their target price on O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $1,089.59.

O'Reilly Automotive Stock Performance

NASDAQ ORLY traded up $20.24 on Tuesday, reaching $1,089.51. 535,208 shares of the stock traded hands, compared to its average volume of 368,148. The company has a market cap of $64.31 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.95 and a beta of 0.86. O'Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11. The company has a fifty day moving average price of $1,090.52 and a 200-day moving average price of $1,006.87.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. O'Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $8.37 EPS. As a group, research analysts anticipate that O'Reilly Automotive will post 42.09 earnings per share for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the company's stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Christopher Andrew Mancini sold 1,500 shares of the company's stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Doug D. Bragg sold 1,218 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. Insiders have sold 27,468 shares of company stock worth $28,769,333 over the last quarter. 1.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On O'Reilly Automotive

A number of large investors have recently bought and sold shares of ORLY. Cibc World Market Inc. raised its holdings 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 worth $2,213,000 after purchasing an additional 2,434 shares during the period. Sei Investments Co. raised its holdings in shares of O'Reilly Automotive by 51.3% during the first quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer's stock valued at $10,894,000 after acquiring an additional 5,376 shares during the last quarter. Prudential PLC acquired a new position in shares of O'Reilly Automotive during the first quarter valued at approximately $1,847,000. Cetera Investment Advisers raised its holdings in shares of O'Reilly Automotive by 48.9% during the first quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer's stock valued at $1,343,000 after acquiring an additional 644 shares during the last quarter. Finally, Moors & Cabot Inc. raised its holdings in shares of O'Reilly Automotive by 11.4% during the first quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer's stock valued at $262,000 after acquiring an additional 39 shares during 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.