O'Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $105.00

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price raised by Wells Fargo & Company from $103.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the specialty retailer's stock. Wells Fargo & Company's price objective would indicate a potential upside of 5.16% from the stock's previous close.

ORLY has been the subject of a number of other reports. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. BMO Capital Markets increased their price objective on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their price target 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. Wall Street Zen upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $98.00 price target on shares of O'Reilly Automotive in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $96.13.

O'Reilly Automotive Trading Up 4.6%

Shares of O'Reilly Automotive stock traded up $4.43 during trading on Thursday, reaching $99.85. The stock had a trading volume of 3,927,408 shares, compared to its average volume of 5,715,097. The company has a market capitalization of $85.36 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 2.60 and a beta of 0.58. The stock has a fifty day moving average price of $91.06 and a two-hundred day moving average price of $89.52. O'Reilly Automotive has a 52 week low of $70.05 and a 52 week high of $100.10.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued 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. O'Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the business earned $10.55 EPS. The company's revenue was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that O'Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Najera Jose A. Montellano sold 285 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the sale, the director owned 4,560 shares of the company's stock, valued at approximately $419,216. This represents a 39.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,285 shares of company stock worth $3,022,386. Insiders own 1.01% of the company's stock.

Institutional Trading of O'Reilly Automotive

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after buying an additional 75,125 shares during the period. Wellington Management Group LLP grew its position in O'Reilly Automotive by 20.8% during the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock valued at $2,757,148,000 after buying an additional 330,964 shares during the period. GAMMA Investing LLC grew its position in O'Reilly Automotive by 175,115.6% during the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after buying an additional 1,821,202 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in O'Reilly Automotive by 1,052.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock valued at $155,240,000 after buying an additional 1,573,010 shares during the period. Finally, Congress Asset Management Co. grew its position in O'Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock valued at $142,449,000 after buying an additional 1,474,068 shares during the period. Hedge funds and other institutional investors 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.

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