Analysts Set O’Reilly Automotive, Inc. (NASDAQ:ORLY) Price Target at $1,248.06

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1,257.00.

A number of analysts have weighed in on ORLY shares. Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Evercore ISI increased their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Morgan Stanley boosted their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,270.60 on Monday. The company’s 50 day moving average price is $1,213.13 and its 200 day moving average price is $1,126.84. The firm has a market capitalization of $73.35 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.57 and a beta of 0.93. O’Reilly Automotive has a fifty-two week low of $914.50 and a fifty-two week high of $1,281.95.

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

Insiders Place Their Bets

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This trade 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 is available through this link. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction 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 in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

A number of hedge funds have recently added to or reduced their stakes in ORLY. Darwin Wealth Management LLC purchased a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $32,000. Trifecta Capital Advisors LLC raised its position in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive in the third quarter valued at $37,000. Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive during the 3rd quarter worth $41,000. Finally, Kings Path Partners LLC acquired a new position in shares of O’Reilly Automotive during the 2nd quarter worth $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.