O'Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,375.00 at TD Cowen

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its price objective hoisted by equities researchers at TD Cowen from $1,300.00 to $1,375.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the specialty retailer's stock. TD Cowen's price objective points to a potential upside of 15.04% from the stock's current price.

Several other brokerages have also recently issued reports on ORLY. Evercore ISI upped their target price on O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. UBS Group cut their price objective on shares of O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating for the company in a research report on Thursday, July 18th. Wedbush reiterated a "neutral" rating and issued a $1,200.00 target price on shares of O'Reilly Automotive in a report on Thursday. Roth Mkm reissued a "buy" rating and issued a $1,337.00 price target on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. Finally, DA Davidson reaffirmed a "buy" rating and set a $1,275.00 price target on shares of O'Reilly Automotive in a research report on Thursday. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,242.13.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY traded down $4.55 during midday trading on Friday, hitting $1,195.22. The company's stock had a trading volume of 238,279 shares, compared to its average volume of 374,296. The company has a market cap of $69.33 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. O'Reilly Automotive has a 12-month low of $895.88 and a 12-month high of $1,221.18. The business's 50 day simple moving average is $1,149.00 and its 200 day simple moving average is $1,081.47.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.42 billion. O'Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $10.72 earnings per share. On average, sell-side analysts predict that O'Reilly Automotive will post 41.05 earnings per share for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director Gregory D. Johnson sold 15,364 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the sale, the director now directly owns 5,016 shares of the company's stock, valued at $5,698,978.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Gregory L. Henslee sold 18,264 shares of the business's stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the transaction, the chairman now directly owns 13,347 shares of the company's stock, valued at approximately $15,049,409.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of the firm's stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 directly owns 5,016 shares in the company, valued at approximately $5,698,978.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 in the last three months. 1.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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