O’Reilly Automotive (NASDAQ:ORLY) Given New $1,535.00 Price Target at UBS Group

O’Reilly Automotive (NASDAQ:ORLY) had its target price upped by UBS Group from $1,400.00 to $1,535.00 in a research note issued to investors on Friday,Benzinga reports. UBS Group currently has a buy rating on the specialty retailer’s stock.

Several other analysts have also recently commented on ORLY. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Wedbush boosted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada increased their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets started coverage on O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on 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. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $1,374.88.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,316.75 on Friday. The firm has a market capitalization of $76.02 billion, a PE ratio of 32.38, a P/E/G ratio of 2.50 and a beta of 0.94. The company’s 50 day simple moving average is $1,240.65 and its 200 day simple moving average is $1,185.54. O’Reilly Automotive has a 12 month low of $947.49 and a 12 month high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate 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%. Sell-side analysts anticipate that O’Reilly Automotive will post 44.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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 in the company, valued at $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 is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of the 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 sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors have recently bought and sold shares of ORLY. Atomi Financial Group Inc. lifted its stake in O’Reilly Automotive by 9.1% during the third quarter. Atomi Financial Group Inc. now owns 335 shares of the specialty retailer’s stock worth $386,000 after purchasing an additional 28 shares during the period. Wedmont Private Capital lifted its position in shares of O’Reilly Automotive by 4.8% during the 3rd quarter. Wedmont Private Capital now owns 888 shares of the specialty retailer’s stock worth $1,022,000 after buying an additional 41 shares during the period. Tobam grew its position 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 acquiring an additional 35 shares during the period. Franklin Street Advisors Inc. NC acquired a new position in O’Reilly Automotive during the third quarter worth $214,000. Finally, Strong Tower Advisory Services lifted its holdings in shares of O’Reilly Automotive by 6.1% during the third quarter. Strong Tower Advisory Services now owns 522 shares of the specialty retailer’s stock valued at $601,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds 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.