O'Reilly Automotive (NASDAQ:ORLY) Sets New 1-Year High - Still a Buy?

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $1,450.00 and last traded at $1,432.58, with a volume of 505719 shares trading hands. The stock had previously closed at $1,408.55.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of recent analyst reports. Mizuho increased their price target on shares of O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Wedbush increased their target price on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a "neutral" rating in a research note on Thursday, February 6th. UBS Group lifted their price target on O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Royal Bank of Canada upped their price target on O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, Barclays raised their price objective on O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Buy" and a consensus target price of $1,390.81.

O'Reilly Automotive Price Performance

The stock's fifty day moving average price is $1,341.01 and its 200-day moving average price is $1,251.62. The firm has a market cap of $79.56 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

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

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.73 by $0.23. O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the transaction, the senior vice president now directly owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 248 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total value of $326,410.16. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $10,409,618 in the last 90 days. Company insiders own 1.55% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

A number of institutional investors and hedge funds have recently made changes to their positions in ORLY. Lee Danner & Bass Inc. acquired a new stake in O'Reilly Automotive in the 4th quarter valued at approximately $28,000. AlphaMark Advisors LLC acquired a new stake in shares of O'Reilly Automotive in the fourth quarter valued at $30,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of O'Reilly Automotive in the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new position in O'Reilly Automotive during the 4th quarter worth about $32,000. Finally, Investment Management Corp VA ADV purchased a new position in O'Reilly Automotive during the 4th quarter valued at about $37,000. 85.00% of the stock is 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.