O'Reilly Automotive (NASDAQ:ORLY) Hits New 52-Week High After Analyst Upgrade

Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday after Wells Fargo & Company raised their price target on the stock from $103.00 to $105.00. Wells Fargo & Company currently has an overweight rating on the stock. O'Reilly Automotive traded as high as $99.44 and last traded at $99.58, with a volume of 2062503 shares trading hands. The stock had previously closed at $95.42.

Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada restated an "outperform" rating and set a $98.00 price objective on shares of O'Reilly Automotive in a research note on Wednesday, July 2nd. UBS Group lifted their price objective on shares of O'Reilly Automotive from $102.33 to $105.33 and gave the company a "buy" rating in a research note on Thursday, April 24th. Barclays lifted their price objective on shares of O'Reilly Automotive from $83.33 to $86.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Mizuho lifted their price objective on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $96.13.

Insider Activity

In other news, SVP Ramon Parises Odems sold 30,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the sale, the senior vice president directly owned 240 shares in the company, valued at approximately $21,767.20. The trade was a 99.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Najera Jose A. Montellano sold 285 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,285 shares of company stock worth $3,022,386. Company insiders own 1.01% of the company's stock.

Institutional Trading of O'Reilly Automotive

A number of large investors have recently bought and sold shares of the stock. Carolinas Wealth Consulting LLC grew its position in O'Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after acquiring an additional 8 shares during the period. Marcum Wealth LLC increased its stake in shares of O'Reilly Automotive by 4.0% in the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after buying an additional 8 shares in the last quarter. Adero Partners LLC increased its stake in shares of O'Reilly Automotive by 1.9% in the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after buying an additional 8 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of O'Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after acquiring an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of O'Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after acquiring an additional 8 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

O'Reilly Automotive Price Performance

The company has a market capitalization of $84.91 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.60 and a beta of 0.58. The stock's 50 day simple moving average is $91.06 and its two-hundred day simple moving average is $89.52.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $10.55 earnings per share. As a group, equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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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