Barclays Forecasts Strong Price Appreciation for O’Reilly Automotive (NASDAQ:ORLY) Stock

O’Reilly Automotive (NASDAQ:ORLY) had its target price raised by Barclays from $1,088.00 to $1,110.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price objective would suggest a potential downside of 7.31% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets began coverage on O’Reilly Automotive in a research report on Friday, December 13th. They set an “outperform” rating and a $1,400.00 price objective on the stock. Wedbush restated a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average target price of $1,270.69.

O’Reilly Automotive Trading Down 0.7 %

Shares of NASDAQ ORLY opened at $1,197.60 on Thursday. The company has a market cap of $69.14 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.58 and a beta of 0.94. O’Reilly Automotive has a 12 month low of $935.75 and a 12 month high of $1,283.96. The stock has a 50-day moving average price of $1,222.65 and a two-hundred day moving average price of $1,155.30.

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

Insider Buying and Selling

In related news, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds and other institutional investors have recently modified their holdings of ORLY. Darwin Wealth Management LLC purchased a new position in shares of O’Reilly Automotive during the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC grew its position in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive during the third quarter worth approximately $37,000. Princeton Global Asset Management LLC bought a new stake in shares of O’Reilly Automotive in the 3rd quarter worth approximately $41,000. Finally, Quarry LP boosted its stake in shares of O’Reilly Automotive by 109.1% in the 2nd quarter. Quarry LP now owns 92 shares of the specialty retailer’s stock valued at $97,000 after purchasing an additional 48 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

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.