Truist Financial Raises O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,290.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price lifted by stock analysts at Truist Financial from $1,204.00 to $1,290.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s price target points to a potential upside of 8.01% from the company’s current price.

A number of other analysts also recently issued reports on ORLY. Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America lifted their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. DA Davidson lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI lifted their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, UBS Group reduced their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,178.29.

O’Reilly Automotive Trading Up 0.6 %

ORLY traded up $6.83 on Monday, hitting $1,194.36. 22,463 shares of the company’s stock traded hands, compared to its average volume of 376,384. The company’s 50 day simple moving average is $1,133.44 and its 200-day simple moving average is $1,075.91. The firm has a market cap of $70.34 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 2.24 and a beta of 0.92. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,194.36.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $10.22 EPS. As a group, equities analysts anticipate that O’Reilly Automotive will post 41.1 EPS for the current fiscal year.

Insider Activity

In related news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the transaction, the director now owns 5,016 shares in the company, valued at $5,698,978.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the transaction, the director now owns 5,016 shares in the company, valued at $5,698,978.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction 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 owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in shares of O’Reilly Automotive by 3.8% in the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock worth $68,327,000 after buying an additional 2,214 shares during the period. Bank Pictet & Cie Asia Ltd. purchased a new stake in shares of O’Reilly Automotive in the 2nd quarter worth $800,000. Handelsbanken Fonder AB lifted its holdings in shares of O’Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock worth $34,507,000 after buying an additional 727 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of O’Reilly Automotive by 5.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after buying an additional 701 shares during the period. Finally, Perpetual Ltd lifted its holdings in shares of O’Reilly Automotive by 322.6% in the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock worth $1,289,000 after buying an additional 871 shares during the period. 85.00% of the stock is currently 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.