O'Reilly Automotive (NASDAQ:ORLY) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1,286.02 and traded as high as $1,404.21. O'Reilly Automotive shares last traded at $1,387.14, with a volume of 292,576 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORLY. Royal Bank of Canada raised their price target on shares of O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an "outperform" rating in a report on Friday, February 7th. BMO Capital Markets lifted their target price on shares of O'Reilly Automotive from $1,450.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. StockNews.com upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Mizuho lifted their target price on shares of O'Reilly Automotive from $1,400.00 to $1,445.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Two research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $1,414.56.

O'Reilly Automotive Stock Performance

The firm's 50 day simple moving average is $1,369.07 and its 200 day simple moving average is $1,290.64. The firm has a market capitalization of $77.75 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.34 and a beta of 0.64.

O'Reilly Automotive's stock is scheduled to split before the market opens 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 announced its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $9.35 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the firm posted $9.20 earnings per share. The business's revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity

In other news, EVP Jason Lee Tarrant sold 1,992 shares of O'Reilly Automotive 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 $1,872,061.80. The trade was a 58.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Sastre sold 248 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the transaction, the director now directly owns 971 shares of the company's stock, valued at approximately $1,278,001.07. This trade represents a 20.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $10,409,618 in the last three months. 1.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On O'Reilly Automotive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORLY. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 1,821,202 shares in the last quarter. Norges Bank purchased a new position in O'Reilly Automotive during the fourth quarter valued at $867,190,000. Proficio Capital Partners LLC lifted its holdings in O'Reilly Automotive by 205,600.0% during the fourth quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer's stock valued at $597,602,000 after purchasing an additional 503,720 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in O'Reilly Automotive by 197.2% during the first quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock valued at $434,765,000 after purchasing an additional 201,356 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in O'Reilly Automotive during the fourth quarter valued at $208,248,000. 85.00% of the stock is owned by hedge funds and other 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.