O'Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,290.00

O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its price target upped by Barclays from $1,250.00 to $1,290.00 in a report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the specialty retailer's stock.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. DA Davidson boosted their price objective on shares of O'Reilly Automotive from $1,525.00 to $1,600.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Mizuho increased their target price on shares of O'Reilly Automotive from $1,400.00 to $1,445.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. BMO Capital Markets boosted their price target on O'Reilly Automotive from $1,450.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, UBS Group lifted their price objective on O'Reilly Automotive from $1,535.00 to $1,580.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and a consensus target price of $1,414.56.

O'Reilly Automotive Price Performance

ORLY traded down $1.32 on Monday, hitting $1,406.36. The company had a trading volume of 285,431 shares, compared to its average volume of 379,545. O'Reilly Automotive has a 1-year low of $947.49 and a 1-year high of $1,458.37. The company's fifty day moving average price is $1,367.47 and its 200 day moving average price is $1,283.64. The stock has a market cap of $80.50 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79.

O'Reilly Automotive shares are going to split on the morning of Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly minted shares will be issued to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $9.35 EPS for the quarter, missing analysts' consensus estimates of $9.84 by ($0.49). O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the firm posted $9.20 earnings per share. The company's revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that O'Reilly Automotive will post 43.94 EPS for the current year.

Insiders Place Their Bets

In other news, Director Maria Sastre sold 248 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the sale, the director now owns 971 shares in the company, valued at approximately $1,278,001.07. This represents a 20.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brad W. Beckham sold 833 shares of O'Reilly Automotive stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the transaction, the chief executive officer now directly owns 760 shares of the company's stock, valued at $988,000. This represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On O'Reilly Automotive

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. HWG Holdings LP bought a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $26,000. HighMark Wealth Management LLC lifted its position in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in O'Reilly Automotive in the 4th quarter valued at $28,000. AlphaMark Advisors LLC acquired a new position in shares of O'Reilly Automotive in the fourth quarter valued at about $30,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of O'Reilly Automotive in the fourth quarter valued at approximately $31,000. 85.00% of the stock is owned by institutional investors.

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.