Mizuho Forecasts Strong Price Appreciation for O’Reilly Automotive (NASDAQ:ORLY) Stock

O’Reilly Automotive (NASDAQ:ORLY) had its price objective hoisted by analysts at Mizuho from $1,305.00 to $1,400.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Mizuho’s price objective would indicate a potential upside of 5.20% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. TD Cowen boosted their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays boosted their target price on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Guggenheim raised their price target on O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price objective 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. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $1,320.94.

O’Reilly Automotive Stock Down 1.3 %

Shares of NASDAQ:ORLY opened at $1,330.74 on Friday. O’Reilly Automotive has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27. The firm’s 50 day moving average price is $1,238.92 and its 200 day moving average price is $1,184.53. The stock has a market cap of $76.82 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 2.40 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. On average, equities analysts anticipate that O’Reilly Automotive will post 40.86 EPS for the current year.

Insider Activity

In related news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive 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 completion of the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% 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. Atomi Financial Group Inc. increased its stake in shares of O’Reilly Automotive by 9.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 335 shares of the specialty retailer’s stock valued at $386,000 after acquiring an additional 28 shares during the last quarter. Wedmont Private Capital grew its holdings in O’Reilly Automotive by 4.8% in the third quarter. Wedmont Private Capital now owns 888 shares of the specialty retailer’s stock valued at $1,022,000 after purchasing an additional 41 shares during the period. Tobam increased its position in O’Reilly Automotive by 40.7% during the third quarter. Tobam now owns 121 shares of the specialty retailer’s stock worth $139,000 after purchasing an additional 35 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new position in O’Reilly Automotive during the third quarter worth approximately $214,000. Finally, Strong Tower Advisory Services boosted its holdings in shares of O’Reilly Automotive by 6.1% in the 3rd quarter. Strong Tower Advisory Services now owns 522 shares of the specialty retailer’s stock valued at $601,000 after purchasing an additional 30 shares during the last quarter. 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.