O'Reilly Automotive (NASDAQ:ORLY) Share Price Passes Above 200-Day Moving Average - Here's Why

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) shares crossed 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.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ORLY. StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wedbush increased their target price on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. UBS Group boosted their price target on shares of O'Reilly Automotive from $1,535.00 to $1,580.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Guggenheim reiterated a "buy" rating and set a $1,475.00 price objective on shares of O'Reilly Automotive in a research note on Monday, March 10th. Finally, BMO Capital Markets boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $1,414.56.

O'Reilly Automotive Stock Down 1.4 %

The firm has a market cap of $79.40 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. The stock has a 50 day moving average price of $1,368.60 and a two-hundred day moving average price of $1,286.02.

Shares of O'Reilly Automotive are set to split on 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 results on Wednesday, April 23rd. The specialty retailer reported $9.35 earnings per share 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 firm had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the previous year, the firm posted $9.20 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Andrea Weiss sold 248 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total transaction of $325,185.04. Following the sale, the director now directly owns 452 shares of the company's stock, valued at $592,675.96. This trade represents a 35.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,894 shares of company stock valued at $10,409,618. 1.01% of the stock is owned by insiders.

Hedge Funds Weigh In On O'Reilly Automotive

Several institutional investors have recently made changes to their positions in ORLY. HWG Holdings LP purchased a new position in O'Reilly Automotive in the first quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in shares of O'Reilly Automotive in the 4th quarter valued at about $28,000. HighMark Wealth Management LLC raised its holdings in O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 13 shares during the period. AlphaMark Advisors LLC acquired a new position in O'Reilly Automotive in the 4th quarter worth about $30,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in O'Reilly Automotive during the fourth quarter worth approximately $31,000. 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.

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