Analysts Set O’Reilly Automotive, Inc. (NASDAQ:ORLY) Target Price at $1,206.87

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $1,206.87.

A number of research firms have issued reports on ORLY. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Roth Mkm reissued 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. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 25th. JPMorgan Chase & Co. upped 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 research note on Wednesday, October 16th. Finally, Royal Bank of Canada dropped their price target on shares of 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.

O’Reilly Automotive Stock Down 1.1 %

ORLY stock opened at $1,205.38 on Friday. The company has a market cap of $69.92 billion, a P/E ratio of 30.34, a PEG ratio of 2.30 and a beta of 0.92. The business has a fifty day moving average of $1,145.92 and a 200-day moving average of $1,079.80. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.22 earnings per share. As a group, equities research analysts anticipate that O’Reilly Automotive will post 41.06 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. 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 valued at $56,846,062 in the last 90 days. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in ORLY. Nordea Investment Management AB boosted its position in O’Reilly Automotive by 3.8% during the first quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after buying an additional 2,214 shares during the period. Bank Pictet & Cie Asia Ltd. purchased a new stake in O’Reilly Automotive during the 2nd quarter valued at about $800,000. Handelsbanken Fonder AB grew its position in O’Reilly Automotive by 2.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock worth $34,507,000 after acquiring an additional 727 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in O’Reilly Automotive by 5.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after purchasing an additional 701 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in O’Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after purchasing an additional 6,954 shares during the last quarter. Institutional investors 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.