O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $1,376.22 and last traded at $1,348.10, with a volume of 372224 shares trading hands. The stock had previously closed at $1,377.72.
Analysts Set New Price Targets
Several research firms have commented on ORLY. BMO Capital Markets boosted their target price on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. DA Davidson lifted their price objective on shares of O'Reilly Automotive from $101.67 to $106.67 and gave the company a "buy" rating in a research note on Friday, April 25th. UBS Group increased their target price on shares of O'Reilly Automotive from $102.33 to $105.33 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. Finally, Mizuho increased their price objective on O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a report on Friday, April 25th. Two equities research 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 stock presently has an average rating of "Buy" and a consensus price target of $94.30.
View Our Latest Stock Analysis on ORLY
O'Reilly Automotive Stock Up 2.0%
The firm has a 50-day moving average price of $1,371.38 and a two-hundred day moving average price of $1,314.75. The company has a market capitalization of $5.23 billion, a P/E ratio of 2.26, a PEG ratio of 2.34 and a beta of 0.60.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.04). The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.18 billion. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. O'Reilly Automotive's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.
Insider Activity at O'Reilly Automotive
In other news, SVP Najera Jose A. Montellano sold 285 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $91.93, for a total value of $275,800.00. Following the completion of the sale, the director now directly owns 4,560 shares in the company, valued at approximately $419,216. This represents a 39.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,285 shares of company stock worth $3,022,386 over the last three months. Company insiders own 1.01% of the company's stock.
Institutional Investors Weigh In On O'Reilly Automotive
Institutional investors and hedge funds have recently made changes to their positions in the company. HWG Holdings LP acquired a new stake in shares of O'Reilly Automotive during the first quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new stake in O'Reilly Automotive during the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC increased its holdings in O'Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares in the last quarter. Elequin Capital LP acquired a new stake in O'Reilly Automotive during the 1st quarter valued at $30,000. Finally, Saudi Central Bank bought a new position in O'Reilly Automotive in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 85.00% of the company's stock.
O'Reilly Automotive Company Profile
(
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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