StockNews.com upgraded shares of O'Reilly Automotive (NASDAQ:ORLY - Free Report) from a hold rating to a buy rating in a research report released on Thursday morning.
Several other brokerages have also issued reports on ORLY. Wells Fargo & Company boosted their price target on O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Barclays boosted 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. Mizuho raised 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. UBS Group upped their price objective on shares of O'Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a "buy" 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 research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $1,390.81.
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O'Reilly Automotive Price Performance
Shares of ORLY stock traded up $27.57 on Thursday, hitting $1,346.58. 464,616 shares of the company's stock were exchanged, compared to its average volume of 349,770. O'Reilly Automotive has a 12 month low of $947.49 and a 12 month high of $1,389.05. The company has a 50 day moving average of $1,277.95 and a 200 day moving average of $1,218.60. The stock has a market cap of $77.12 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating the consensus estimate 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%. Sell-side analysts predict that O'Reilly Automotive will post 43.94 EPS for the current fiscal year.
Insider Activity
In related news, SVP Mark Joseph Merz sold 500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were 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 directly owns 275 shares in the company, valued at $364,375. This represents a 64.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Maria Sastre sold 248 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the completion of the sale, the director now directly owns 971 shares in the company, valued at approximately $1,278,001.07. This trade represents a 20.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,894 shares of company stock valued at $10,409,618. Corporate insiders own 1.55% of the company's stock.
Institutional Trading of O'Reilly Automotive
A number of institutional investors have recently modified their holdings of ORLY. Lee Danner & Bass Inc. purchased a new stake in O'Reilly Automotive in the 4th quarter worth approximately $28,000. AlphaMark Advisors LLC purchased a new stake in O'Reilly Automotive in the fourth quarter worth $30,000. Murphy & Mullick Capital Management Corp bought a new stake in O'Reilly Automotive in the fourth quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in O'Reilly Automotive during the 4th quarter valued at $32,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of O'Reilly Automotive in the 3rd quarter worth about $32,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
O'Reilly Automotive Company Profile
(
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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.
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