UBS Group Forecasts Strong Price Appreciation for O'Reilly Automotive (NASDAQ:ORLY) Stock

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price upped by UBS Group from $105.00 to $115.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty retailer's stock. UBS Group's price target suggests a potential upside of 16.03% from the stock's previous close.

Several other equities analysts have also issued reports on the company. Barclays lifted their price target on O'Reilly Automotive from $83.33 to $86.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Wall Street Zen upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. Wells Fargo & Company boosted their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, DA Davidson boosted their price objective on O'Reilly Automotive from $101.67 to $106.67 and gave the stock a "buy" rating in a research report on Friday, April 25th. Two 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 MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $96.73.

O'Reilly Automotive Stock Performance

NASDAQ:ORLY traded up $3.69 during mid-day trading on Thursday, hitting $99.11. 4,999,748 shares of the stock were exchanged, compared to its average volume of 5,722,061. The stock has a market capitalization of $84.73 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.60 and a beta of 0.58. The firm's 50-day simple moving average is $91.06 and its 200 day simple moving average is $89.52. O'Reilly Automotive has a fifty-two week low of $70.05 and a fifty-two week high of $100.10.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.55 EPS. On average, analysts predict that O'Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Najera Jose A. Montellano sold 285 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Raymond Murphy sold 3,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 4,560 shares of the company's stock, valued at approximately $419,216. This represents a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,285 shares of company stock valued at $3,022,386. Corporate insiders own 1.01% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

A number of institutional investors and hedge funds have recently made changes to their positions in ORLY. Vanguard Group Inc. boosted its position in shares of O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after purchasing an additional 75,125 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of O'Reilly Automotive by 20.8% in the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after purchasing an additional 330,964 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of O'Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in O'Reilly Automotive by 1,052.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock valued at $155,240,000 after acquiring an additional 1,573,010 shares in the last quarter. Finally, Congress Asset Management Co. lifted its position in O'Reilly Automotive by 1,385.2% in the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock valued at $142,449,000 after acquiring an additional 1,474,068 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

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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