O'Reilly Automotive (NASDAQ:ORLY) Given New $1,550.00 Price Target at Wells Fargo & Company

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price lifted by Wells Fargo & Company from $1,425.00 to $1,550.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the specialty retailer's stock. Wells Fargo & Company's target price would indicate a potential upside of 11.44% from the stock's previous close.

ORLY has been the topic of a number of other reports. StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. UBS Group boosted their target price on shares of O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. BMO Capital Markets raised their price target on shares of O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Barclays boosted their price objective on O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $1,398.63.

O'Reilly Automotive Trading Up 1.9 %

NASDAQ ORLY traded up $26.54 during trading hours on Wednesday, hitting $1,390.90. 428,963 shares of the company's stock were exchanged, compared to its average volume of 378,126. O'Reilly Automotive has a 1-year low of $947.49 and a 1-year high of $1,458.37. The stock has a 50-day simple moving average of $1,353.99 and a 200 day simple moving average of $1,268.93. The firm has a market cap of $79.62 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.34 and a beta of 0.79.

O'Reilly Automotive's stock is scheduled to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be payable to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping analysts' consensus estimates 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%. On average, sell-side analysts anticipate that O'Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Maria Sastre sold 248 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 971 shares of the company's stock, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory L. Henslee sold 3,073 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the sale, the chairman now owns 11,397 shares in the company, valued at approximately $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,894 shares of company stock valued at $10,409,618 in the last 90 days. Insiders own 1.01% of the company's stock.

Institutional Trading of O'Reilly Automotive

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in shares of O'Reilly Automotive in the fourth quarter worth $28,000. AlphaMark Advisors LLC bought a new stake in shares of O'Reilly Automotive during the 4th quarter valued at about $30,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of O'Reilly Automotive during the fourth quarter worth about $31,000. Kestra Investment Management LLC bought a new position in shares of O'Reilly Automotive in the fourth quarter worth approximately $32,000. Finally, Investment Management Corp VA ADV purchased a new stake in O'Reilly Automotive in the fourth quarter valued at approximately $37,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

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.