O’Reilly Automotive (NASDAQ:ORLY) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

O’Reilly Automotive (NASDAQ:ORLY) had its price target increased by equities researchers at BMO Capital Markets from $1,400.00 to $1,450.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. BMO Capital Markets’ target price would suggest a potential upside of 10.60% from the company’s current price.

Several other analysts have also recently commented on ORLY. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Mizuho upped their target price on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Guggenheim lifted their price target on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,311.03 on Monday. O’Reilly Automotive has a one year low of $947.49 and a one year high of $1,350.27. The company has a market cap of $75.69 billion, a PE ratio of 32.24, a P/E/G ratio of 2.50 and a beta of 0.94. The firm’s 50 day simple moving average is $1,242.12 and its 200 day simple moving average is $1,189.28.

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 analysts’ consensus estimates 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%. Equities research analysts expect that O’Reilly Automotive will post 44.16 EPS for the current year.

Insider Buying and Selling at O’Reilly Automotive

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 completion of the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of O’Reilly Automotive by 73.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after buying an additional 728,040 shares during the last quarter. Geode Capital Management LLC grew its position in O’Reilly Automotive by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock worth $1,700,513,000 after acquiring an additional 24,135 shares in the last quarter. International Assets Investment Management LLC increased its stake in O’Reilly Automotive by 99,957.0% in the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after acquiring an additional 853,633 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in O’Reilly Automotive by 28.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in O’Reilly Automotive by 205,600.0% during the fourth quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock worth $597,602,000 after purchasing an additional 503,720 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.