O’Reilly Automotive (NASDAQ:ORLY) Sets New 52-Week High on Analyst Upgrade

O’Reilly Automotive, Inc. (NASDAQ:ORLY) hit a new 52-week high during mid-day trading on Monday after Wells Fargo & Company raised their price target on the stock from $1,250.00 to $1,325.00. Wells Fargo & Company currently has an overweight rating on the stock. O’Reilly Automotive traded as high as $1,194.36 and last traded at $1,194.36, with a volume of 22463 shares trading hands. The stock had previously closed at $1,187.53.

A number of other equities analysts also recently issued reports on ORLY. UBS Group dropped their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Bank of America lifted their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Royal Bank of Canada reduced their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Evercore ISI boosted their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Wedbush reissued a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,178.29.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the transaction, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth about $36,000. Indiana Trust & Investment Management CO lifted its position in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Riverview Trust Co purchased a new stake in O’Reilly Automotive in the first quarter valued at $41,000. Crewe Advisors LLC purchased a new stake in O’Reilly Automotive in the first quarter valued at $43,000. Finally, Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive in the second quarter valued at about $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 1.3 %

The business’s fifty day moving average price is $1,135.38 and its 200 day moving average price is $1,076.43. The firm has a market capitalization of $70.83 billion, a PE ratio of 30.52, a PEG ratio of 2.24 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the company posted $10.22 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current year.

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.