O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives $1,295.94 Average Target Price from Analysts

O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Free Report) has been assigned an average recommendation of “Buy” from the nineteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $1,301.82.

A number of equities analysts have commented on ORLY shares. JPMorgan Chase & Co. boosted 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. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. DA Davidson reiterated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd.

Read Our Latest Report on O’Reilly Automotive

Insiders Place Their Bets

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their position. 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive in the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC purchased a new position in O’Reilly Automotive during the 3rd quarter worth approximately $32,000. Trifecta Capital Advisors LLC increased its holdings in shares of O’Reilly Automotive by 383.3% in the 3rd 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 period. MidAtlantic Capital Management Inc. purchased a new stake in shares of O’Reilly Automotive in the third quarter valued at about $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,310.16 on Tuesday. O’Reilly Automotive has a one year low of $947.49 and a one year high of $1,311.78. The company has a market capitalization of $75.64 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The company’s 50-day simple moving average is $1,230.04 and its two-hundred day simple moving average is $1,174.72.

About O’Reilly Automotive

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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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Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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