O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,525.00 at DA Davidson

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by DA Davidson from $1,450.00 to $1,525.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

ORLY has been the topic of several other research reports. BMO Capital Markets began coverage on shares of O’Reilly Automotive in a research report on Friday, December 13th. They set an “outperform” rating and a $1,400.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Truist Financial raised their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $1,374.88.

O’Reilly Automotive Stock Down 1.1 %

ORLY opened at $1,316.75 on Friday. O’Reilly Automotive has a 52-week low of $947.49 and a 52-week high of $1,350.27. The company has a market cap of $76.02 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.50 and a beta of 0.94. The firm’s fifty day simple moving average is $1,240.65 and its two-hundred day simple moving average is $1,185.54.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating 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, research analysts forecast that O’Reilly Automotive will post 44.16 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s 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 sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of large investors have recently modified their holdings of the company. Atomi Financial Group Inc. lifted its holdings in O’Reilly Automotive by 9.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 335 shares of the specialty retailer’s stock worth $386,000 after buying an additional 28 shares during the last quarter. Wedmont Private Capital lifted its stake in O’Reilly Automotive by 4.8% during the third quarter. Wedmont Private Capital now owns 888 shares of the specialty retailer’s stock worth $1,022,000 after purchasing an additional 41 shares during the last quarter. Tobam boosted its holdings in O’Reilly Automotive by 40.7% in the third quarter. Tobam now owns 121 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 35 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new position in O’Reilly Automotive in the third quarter valued at approximately $214,000. Finally, Strong Tower Advisory Services raised its holdings in O’Reilly Automotive by 6.1% during the third quarter. Strong Tower Advisory Services now owns 522 shares of the specialty retailer’s stock worth $601,000 after purchasing an additional 30 shares in the last quarter. 85.00% of the stock is 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.