O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives $1,242.13 Average Target Price from Brokerages

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $1,242.13.

Several research firms have recently issued reports on ORLY. Barclays increased their price objective on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Roth Mkm restated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Bank of America raised their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,213.37 on Thursday. The firm has a 50 day simple moving average of $1,170.83 and a 200-day simple moving average of $1,094.28. The stock has a market capitalization of $70.05 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O’Reilly Automotive has a 12-month low of $914.50 and a 12-month high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $10.72 earnings per share. On average, analysts forecast that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now owns 141,589 shares in the company, valued at $158,511,717.28. This represents a 8.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,322 shares of company stock valued at $18,280,698. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $32,000. Trifecta Capital Advisors LLC raised its holdings in shares of O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter valued at $41,000. Finally, Crewe Advisors LLC bought a new position in shares of O’Reilly Automotive during the 1st quarter valued at $43,000. Hedge funds and other 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.