O’Reilly Automotive (NASDAQ:ORLY) Price Target Cut to $1,250.00 by Analysts at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its price objective decreased by Evercore ISI from $1,275.00 to $1,250.00 in a report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of O’Reilly Automotive from a buy rating to a hold rating in a report on Friday, May 3rd. Truist Financial dropped their price objective on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a buy rating for the company in a research note on Tuesday. UBS Group boosted their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a buy rating in a report on Wednesday, April 17th. Wells Fargo & Company lowered their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating for the company in a report on Thursday, April 25th. Finally, Wedbush reiterated a neutral rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of Moderate Buy and a consensus price target of $1,116.93.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,037.06 on Tuesday. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The firm has a market capitalization of $61.07 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.94 and a beta of 0.92. The stock has a 50 day moving average of $1,015.51 and a 200 day moving average of $1,034.72.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the company earned $8.28 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts forecast that O’Reilly Automotive will post 41.93 EPS for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in ORLY. Groesbeck Investment Management Corp NJ raised its stake in shares of O’Reilly Automotive by 0.7% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after purchasing an additional 10 shares during the last quarter. Lindbrook Capital LLC raised its position in O’Reilly Automotive by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after buying an additional 10 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after acquiring an additional 10 shares during the period. Industrial Alliance Investment Management Inc. boosted its holdings in shares of O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 10 shares in the last quarter. Finally, Marcum Wealth LLC increased its stake in shares of O’Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds 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.