UBS Group Cuts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,250.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price trimmed by UBS Group from $1,275.00 to $1,250.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other equities research analysts have also weighed in on ORLY. Wells Fargo & Company lowered their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating on the stock in a report on Thursday, April 25th. StockNews.com downgraded O’Reilly Automotive from a buy rating to a hold rating in a research note on Friday, May 3rd. Truist Financial reduced their target price on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a buy rating for the company in a report on Tuesday, July 2nd. Wedbush reaffirmed a neutral rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Finally, Evercore ISI dropped their price target on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating for the company in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive has an average rating of Moderate Buy and an average target price of $1,113.36.

O’Reilly Automotive Trading Up 1.4 %

Shares of ORLY stock opened at $1,042.86 on Thursday. The company has a market cap of $61.41 billion, a P/E ratio of 26.47, a PEG ratio of 1.92 and a beta of 0.92. The firm has a fifty day moving average price of $1,015.12 and a 200 day moving average price of $1,042.76. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. During the same period in the previous year, the business earned $8.28 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that O’Reilly Automotive will post 41.7 EPS for the current year.

Insider Activity

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ORLY. Groesbeck Investment Management Corp NJ lifted its holdings in shares of O’Reilly Automotive by 0.7% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after acquiring an additional 10 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of O’Reilly Automotive by 3.9% in the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after buying an additional 10 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of O’Reilly Automotive by 1.4% in the first quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after buying an additional 10 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its holdings in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after buying an additional 10 shares during the period. Finally, Marcum Wealth LLC lifted its position in O’Reilly Automotive by 5.1% during the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after acquiring an additional 10 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

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.