O'Reilly Automotive (NASDAQ:ORLY) Given New $1,110.00 Price Target at Barclays

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its price objective hoisted by equities research analysts at Barclays from $1,088.00 to $1,110.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the specialty retailer's stock. Barclays's price objective would indicate a potential downside of 7.94% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on ORLY. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company increased their price objective on O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Roth Capital upgraded O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. DA Davidson reiterated a "buy" rating and set a $1,275.00 price target on shares of O'Reilly Automotive in a report on Thursday, October 24th. Finally, StockNews.com upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Wednesday, January 1st. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Moderate Buy" and an average target price of $1,270.69.

O'Reilly Automotive Trading Up 0.5 %

ORLY stock traded up $6.02 during mid-day trading on Thursday, hitting $1,205.74. The stock had a trading volume of 255,423 shares, compared to its average volume of 331,925. O'Reilly Automotive has a 1-year low of $921.25 and a 1-year high of $1,283.96. The company has a fifty day moving average of $1,221.63 and a 200 day moving average of $1,154.51. The stock has a market capitalization of $69.61 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.58 and a beta of 0.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released 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 analyst estimates of $4.42 billion. O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.72 EPS. As a group, sell-side analysts expect that O'Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the business's stock in a transaction dated 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. Company insiders own 1.55% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORLY. Asset Dedication LLC increased its position in O'Reilly Automotive by 6.2% in the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer's stock worth $178,000 after purchasing an additional 9 shares during the period. Marks Group Wealth Management Inc boosted its stake in O'Reilly Automotive by 1.5% in the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer's stock valued at $697,000 after acquiring an additional 9 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in O'Reilly Automotive by 8.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer's stock worth $132,000 after acquiring an additional 9 shares during the period. Metis Global Partners LLC raised its position in shares of O'Reilly Automotive by 0.5% during the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer's stock valued at $2,145,000 after acquiring an additional 9 shares during the last quarter. Finally, L.M. Kohn & Company lifted its stake in shares of O'Reilly Automotive by 1.4% in the 3rd quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer's stock valued at $753,000 after purchasing an additional 9 shares during the period. 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.