O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $1,376.22 and last traded at $1,348.10, with a volume of 372224 shares. The stock had previously closed at $1,377.72.
Analysts Set New Price Targets
A number of equities analysts have weighed in on ORLY shares. DA Davidson increased their target price on shares of O'Reilly Automotive from $101.67 to $106.67 and gave the stock a "buy" rating in a research report on Friday, April 25th. UBS Group lifted their target price on shares of O'Reilly Automotive from $102.33 to $105.33 and gave the stock a "buy" rating in a report on Thursday, April 24th. BMO Capital Markets upped their target price on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price objective on shares of O'Reilly Automotive from $95.00 to $103.33 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $94.30.
Read Our Latest Report on ORLY
O'Reilly Automotive Trading Down 1.3%
The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 2.21, a PEG ratio of 2.34 and a beta of 0.60. The business has a 50-day moving average price of $91.33 and a two-hundred day moving average price of $87.75.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the business earned $0.61 earnings per share. The business's revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, SVP Najera Jose A. Montellano sold 285 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the completion of the transaction, the senior vice president now directly owns 240 shares of the company's stock, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock valued at $3,022,386 over the last three months. 1.01% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On O'Reilly Automotive
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new stake in O'Reilly Automotive during the 1st quarter worth approximately $25,000. HWG Holdings LP purchased a new position in O'Reilly Automotive in the first quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of O'Reilly Automotive during the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC grew 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 valued at $29,000 after buying an additional 13 shares during the period. Finally, Elequin Capital LP bought a new position in shares of O'Reilly Automotive in the first quarter worth approximately $30,000. 85.00% of the stock is owned by institutional investors.
About O'Reilly Automotive
(
Get Free Report)
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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