O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,286.00 at Royal Bank of Canada

O’Reilly Automotive (NASDAQ:ORLY) had its price objective boosted by Royal Bank of Canada from $1,115.00 to $1,286.00 in a report released on Friday, Benzinga reports. The firm currently has an outperform rating on the specialty retailer’s stock.

A number of other research firms have also recently issued reports on ORLY. Morgan Stanley increased their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a report on Thursday. Evercore ISI increased their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Bank of America increased their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. DA Davidson reiterated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday. Finally, Wedbush restated a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Stock Down 0.4 %

Shares of ORLY traded down $4.55 during trading hours on Friday, reaching $1,195.22. The stock had a trading volume of 238,279 shares, compared to its average volume of 374,296. O’Reilly Automotive has a 52 week low of $895.88 and a 52 week high of $1,221.18. The firm has a 50-day moving average of $1,149.00 and a 200 day moving average of $1,081.47. The company has a market cap of $69.33 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company earned $10.72 EPS. O’Reilly Automotive’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts expect that O’Reilly Automotive will post 41.05 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In related news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares in the company, valued at $5,698,978.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently modified their holdings of ORLY. International Assets Investment Management LLC lifted its holdings in shares of O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after purchasing an additional 853,633 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares during the period. CCLA Investment Management acquired a new position in shares of O’Reilly Automotive during the first quarter worth $95,481,000. Marshall Wace LLP lifted its holdings in shares of O’Reilly Automotive by 809.8% during the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock worth $96,078,000 after purchasing an additional 80,978 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after purchasing an additional 75,837 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.