O’Reilly Automotive (NASDAQ:ORLY) Hits New 52-Week High – Time to Buy?

O’Reilly Automotive, Inc. (NASDAQ:ORLY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $1,450.00 and last traded at $1,432.58, with a volume of 505719 shares. The stock had previously closed at $1,408.55.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ORLY shares. Evercore ISI increased their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Barclays raised their price objective on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. UBS Group boosted their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Mizuho increased their price target on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Wedbush upped their price objective on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,390.81.

O’Reilly Automotive Price Performance

The stock has a market cap of $82.00 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The stock’s 50-day moving average is $1,327.36 and its two-hundred day moving average is $1,244.26.

O’Reilly Automotive’s stock is scheduled to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly minted shares will be issued to shareholders after the closing bell on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 3,073 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the sale, the chairman now owns 11,397 shares in the company, valued at approximately $14,988,764.55. This represents a 21.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jason Lee Tarrant sold 1,992 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the transaction, the executive vice president now directly owns 1,398 shares of the company’s stock, valued at $1,872,061.80. The trade was a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock worth $10,409,618 in the last three months. Insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive in the fourth quarter worth approximately $3,123,000. Annex Advisory Services LLC increased its stake in O’Reilly Automotive by 23.2% in the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after purchasing an additional 6,418 shares during the period. Montecito Bank & Trust bought a new stake in shares of O’Reilly Automotive during the fourth quarter worth $365,000. Y Intercept Hong Kong Ltd lifted its position in shares of O’Reilly Automotive by 824.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock worth $4,276,000 after purchasing an additional 3,216 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of O’Reilly Automotive by 6.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock valued at $32,138,000 after purchasing an additional 1,811 shares during the period. 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.