O'Reilly Automotive (NASDAQ:ORLY) Hits New 52-Week High - Here's What Happened

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $1,282.68 and last traded at $1,282.68, with a volume of 49980 shares changing hands. The stock had previously closed at $1,270.60.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ORLY shares. DA Davidson reaffirmed a "buy" rating and issued a $1,275.00 price target on shares of O'Reilly Automotive in a research report on Thursday, October 24th. TD Cowen raised their target price on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Roth Mkm reissued a "buy" rating and set a $1,337.00 target price on shares of O'Reilly Automotive in a research report on Wednesday, October 16th. Barclays lifted their price target on O'Reilly Automotive from $986.00 to $1,088.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Truist Financial lifted their target price on O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,257.00.

O'Reilly Automotive Stock Down 0.1 %

The firm has a fifty day moving average of $1,213.13 and a 200-day moving average of $1,129.22. The stock has a market capitalization of $73.25 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.58 and a beta of 0.93.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly 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). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the firm earned $10.72 earnings per share. The business's revenue was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that O'Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company's stock.

Hedge Funds Weigh In On O'Reilly Automotive

Large investors have recently added to or reduced their stakes in the business. Darwin Wealth Management LLC acquired a new stake in O'Reilly Automotive during the third quarter worth about $32,000. Trifecta Capital Advisors LLC increased its stake in O'Reilly Automotive by 383.3% during 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 during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in O'Reilly Automotive during the third quarter worth about $37,000. Princeton Global Asset Management LLC acquired a new stake in O'Reilly Automotive during the third quarter worth about $41,000. Finally, Kings Path Partners LLC acquired a new stake in O'Reilly Automotive during the second quarter worth about $44,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Company Profile

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.