O’Reilly Automotive (NASDAQ:ORLY) Given New $1,475.00 Price Target at Guggenheim

O’Reilly Automotive (NASDAQ:ORLY) had its price objective upped by Guggenheim from $1,400.00 to $1,475.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other research analysts also recently issued reports on ORLY. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. 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 research note on Friday, October 25th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Barclays raised their target price on shares of O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. Finally, Roth Mkm reissued a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $1,374.88.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,316.75 on Friday. The firm’s 50 day moving average price is $1,240.65 and its two-hundred day moving average price is $1,185.54. O’Reilly Automotive has a twelve month low of $947.49 and a twelve month high of $1,350.27. The firm has a market cap of $76.02 billion, a P/E ratio of 32.58, a PEG ratio of 2.40 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data 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 net margin of 14.52% and a negative return on equity of 155.25%. On average, sell-side analysts anticipate that O’Reilly Automotive will post 40.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in shares of O’Reilly Automotive by 1.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,065 shares of the specialty retailer’s stock valued at $2,449,000 after acquiring an additional 32 shares during the period. Saturna Capital Corp boosted its holdings in O’Reilly Automotive by 0.3% in the 4th quarter. Saturna Capital Corp now owns 3,803 shares of the specialty retailer’s stock valued at $4,510,000 after purchasing an additional 12 shares during the period. HighTower Advisors LLC grew its position in shares of O’Reilly Automotive by 3.8% during the 4th quarter. HighTower Advisors LLC now owns 24,395 shares of the specialty retailer’s stock worth $28,927,000 after purchasing an additional 882 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of O’Reilly Automotive by 6.2% during the 4th quarter. Moors & Cabot Inc. now owns 977 shares of the specialty retailer’s stock worth $1,159,000 after purchasing an additional 57 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of O’Reilly Automotive by 228.2% during the fourth quarter. Wealthfront Advisers LLC now owns 26,290 shares of the specialty retailer’s stock worth $31,175,000 after purchasing an additional 18,279 shares during the period. Institutional investors own 85.00% of the company’s stock.

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.