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

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price lifted by Barclays from $1,250.00 to $1,290.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the specialty retailer's stock. Barclays's target price would suggest a potential downside of 5.40% from the stock's previous close.

Several other equities research analysts have also issued reports on ORLY. BMO Capital Markets lifted their price target on O'Reilly Automotive from $1,450.00 to $1,500.00 and gave the company an "outperform" rating in a report on Friday. UBS Group raised their price objective on O'Reilly Automotive from $1,535.00 to $1,580.00 and gave the stock a "buy" rating in a research note on Thursday. Royal Bank of Canada boosted their price target on O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Guggenheim reissued a "buy" rating and set a $1,475.00 price target on shares of O'Reilly Automotive in a research report on Monday, March 10th. Finally, Wells Fargo & Company upped their price target on shares of O'Reilly Automotive from $1,425.00 to $1,550.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $1,414.56.

O'Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded up $16.66 during midday trading on Monday, reaching $1,363.66. 29,933 shares of the company's stock were exchanged, compared to its average volume of 379,311. The stock has a market cap of $78.06 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.34 and a beta of 0.79. The firm's 50 day simple moving average is $1,358.96 and its two-hundred day simple moving average is $1,277.69. O'Reilly Automotive has a fifty-two week low of $947.49 and a fifty-two week high of $1,458.37.

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

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued 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 net margin of 14.28% and a negative return on equity of 166.88%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.18 billion. Equities research analysts predict that O'Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Gregory L. Henslee sold 3,073 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the sale, the chairman now owns 11,397 shares of the company's stock, valued at approximately $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jason Lee Tarrant sold 1,992 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the completion of the transaction, the executive vice president now directly owns 1,398 shares of the company's stock, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,894 shares of company stock worth $10,409,618. Company insiders own 1.01% of the company's stock.

Hedge Funds Weigh In On O'Reilly Automotive

Institutional investors have recently made changes to their positions in the stock. Pictet North America Advisors SA grew its position in O'Reilly Automotive by 9.6% in the first quarter. Pictet North America Advisors SA now owns 8,275 shares of the specialty retailer's stock worth $11,855,000 after buying an additional 726 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of O'Reilly Automotive in the first quarter worth $166,000. Summit Trail Advisors LLC grew its holdings in O'Reilly Automotive by 45.1% in the 1st quarter. Summit Trail Advisors LLC now owns 1,556 shares of the specialty retailer's stock valued at $2,228,000 after buying an additional 484 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of O'Reilly Automotive by 1.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,918 shares of the specialty retailer's stock valued at $11,343,000 after buying an additional 121 shares during the last quarter. Finally, Clear Creek Financial Management LLC acquired a new stake in O'Reilly Automotive during the first quarter worth $367,000. 85.00% of the stock is owned by institutional investors.

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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