O'Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,550.00 at Wells Fargo & Company

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its price target lifted by equities researchers at Wells Fargo & Company from $1,425.00 to $1,550.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the specialty retailer's stock. Wells Fargo & Company's price objective suggests a potential upside of 14.49% from the company's current price.

Several other equities research analysts have also recently weighed in on the company. StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. UBS Group upped their price objective on shares of O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Mizuho boosted their target price on O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an "outperform" rating in a report on Friday, February 7th. BMO Capital Markets lifted their price target on O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Barclays raised their target price on shares of O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. 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. According to data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and a consensus target price of $1,398.63.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock traded down $37.05 during trading hours on Wednesday, reaching $1,353.85. 108,823 shares of the company were exchanged, compared to its average volume of 377,330. O'Reilly Automotive has a 1 year low of $947.49 and a 1 year high of $1,458.37. The firm has a market cap of $77.50 billion, a PE ratio of 33.30, a PEG ratio of 2.34 and a beta of 0.79. The stock's fifty day moving average is $1,353.99 and its 200 day moving average is $1,270.56.

O'Reilly Automotive's stock is set to split on the morning of Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be payable to shareholders after the closing bell on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. Research analysts expect that O'Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Transactions at O'Reilly Automotive

In other news, Director Andrea Weiss sold 248 shares of O'Reilly Automotive stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total value of $325,185.04. Following the completion of the sale, the director now owns 452 shares of the company's stock, valued at $592,675.96. The trade was a 35.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory L. Henslee sold 3,073 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the completion of the sale, the chairman now directly owns 11,397 shares in the company, valued at approximately $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock worth $10,409,618 over the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Resource Group acquired a new stake in O'Reilly Automotive during the 3rd quarter worth approximately $202,000. SkyView Investment Advisors LLC lifted its holdings in shares of O'Reilly Automotive by 4.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 884 shares of the specialty retailer's stock valued at $1,018,000 after acquiring an additional 36 shares in the last quarter. World Investment Advisors LLC increased its holdings in O'Reilly Automotive by 9.4% in the 3rd quarter. World Investment Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $616,000 after purchasing an additional 46 shares in the last quarter. Arvest Bank Trust Division purchased a new position in O'Reilly Automotive in the third quarter valued at about $518,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of O'Reilly Automotive in the third quarter worth about $184,000. Institutional investors and hedge funds 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.