O'Reilly Automotive, Inc. (NASDAQ:ORLY) Receives $1,390.81 Average Price Target from Brokerages

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) has been given an average recommendation of "Buy" by the eighteen ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $1,390.81.

Several equities analysts recently weighed in on the stock. Wedbush raised their target price on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Barclays upped their target price on shares of O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. DA Davidson upped their price objective on O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Guggenheim restated a "buy" rating and set a $1,475.00 price objective on shares of O'Reilly Automotive in a research report on Monday, March 10th. Finally, StockNews.com downgraded O'Reilly Automotive from a "buy" rating to a "hold" rating in a research report on Friday.

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O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded down $4.06 during midday trading on Wednesday, reaching $1,339.09. 510,327 shares of the company traded hands, compared to its average volume of 343,864. The firm has a market capitalization of $76.65 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The business has a 50 day moving average of $1,304.82 and a two-hundred day moving average of $1,231.37. O'Reilly Automotive has a 12 month low of $947.49 and a 12 month high of $1,389.05.

O'Reilly Automotive shares are set to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities analysts forecast that O'Reilly Automotive will post 43.94 EPS for the current year.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the completion of the sale, the senior vice president now owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maria Sastre sold 248 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,316.17, for a total value of $326,410.16. Following the sale, the director now owns 971 shares of the company's stock, valued at approximately $1,278,001.07. This represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.55% of the stock is currently owned by corporate insiders.

Institutional Trading of O'Reilly Automotive

Several hedge funds and other institutional investors have recently made changes to their positions in ORLY. Norges Bank purchased a new position in O'Reilly Automotive in the 4th quarter worth $867,190,000. Wellington Management Group LLP raised its stake in O'Reilly Automotive by 73.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after acquiring an additional 728,040 shares during the last quarter. Proficio Capital Partners LLC raised its stake in O'Reilly Automotive by 205,600.0% in the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer's stock worth $597,602,000 after acquiring an additional 503,720 shares during the last quarter. Raymond James Financial Inc. purchased a new position in O'Reilly Automotive in the 4th quarter worth $208,248,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of O'Reilly Automotive by 28.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after buying an additional 133,139 shares during the last quarter. Hedge funds and other 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.