Truist Financial Increases O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,290.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective boosted by investment analysts at Truist Financial from $1,204.00 to $1,290.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s price objective indicates a potential upside of 8.40% from the stock’s previous close.

ORLY has been the topic of a number of other reports. Royal Bank of Canada decreased their target price on 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. Wells Fargo & Company boosted their target price on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. UBS Group decreased their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. DA Davidson boosted their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Wedbush reiterated a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $1,178.29.

O’Reilly Automotive Stock Down 1.0 %

ORLY opened at $1,190.00 on Monday. The firm has a market cap of $70.08 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. The business’s 50 day moving average is $1,136.95 and its two-hundred day moving average is $1,076.86. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,221.05.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the company earned $10.22 EPS. The company’s revenue was up 5.0% on a year-over-year basis. Equities analysts expect that O’Reilly Automotive will post 41.1 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 over the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter valued at approximately $36,000. Indiana Trust & Investment Management CO grew its stake in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Riverview Trust Co bought a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $41,000. Crewe Advisors LLC bought a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $43,000. Finally, Kings Path Partners LLC bought a new stake in shares of O’Reilly Automotive in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.