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

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1,298.34 and traded as high as $1,396.79. O'Reilly Automotive shares last traded at $1,393.90, with a volume of 310,062 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on ORLY shares. Royal Bank of Canada raised their target price on shares of O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Mizuho raised their price objective on shares of O'Reilly Automotive from $1,400.00 to $1,445.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Wells Fargo & Company boosted their price objective 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. Guggenheim reaffirmed a "buy" rating and issued a $1,475.00 target price on shares of O'Reilly Automotive in a research note on Monday, March 10th. Finally, Wedbush lifted their price target on O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, O'Reilly Automotive currently has an average rating of "Buy" and a consensus price target of $1,414.56.

O'Reilly Automotive Price Performance

The firm has a 50-day moving average of $1,376.15 and a 200 day moving average of $1,303.43. The stock has a market capitalization of $78.32 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.34 and a beta of 0.64.

O'Reilly Automotive shares are set to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be payable to shareholders after the closing bell on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released 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 company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the company posted $9.20 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling at O'Reilly Automotive

In other news, Director John Raymond Murphy sold 200 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $1,379.00, for a total value of $275,800.00. Following the completion of the sale, the director now directly owns 304 shares of the company's stock, valued at $419,216. This trade represents a 39.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrea Weiss sold 248 shares of O'Reilly Automotive stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total value of $325,185.04. Following the transaction, the director now owns 452 shares of the company's stock, valued at $592,675.96. This represents a 35.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,513 shares of company stock worth $7,309,928 over the last quarter. 1.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O'Reilly Automotive

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its position in shares of O'Reilly Automotive by 4.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 20,647 shares of the specialty retailer's stock valued at $24,483,000 after purchasing an additional 886 shares during the period. New Century Financial Group LLC acquired a new stake in O'Reilly Automotive during the fourth quarter worth approximately $255,000. Montecito Bank & Trust acquired a new stake in O'Reilly Automotive during the fourth quarter worth approximately $365,000. CX Institutional boosted its holdings in shares of O'Reilly Automotive by 10.6% during the fourth quarter. CX Institutional now owns 261 shares of the specialty retailer's stock worth $309,000 after acquiring an additional 25 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of O'Reilly Automotive by 320.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,591 shares of the specialty retailer's stock valued at $4,258,000 after purchasing an additional 2,736 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Company Profile

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.