Wedbush Issues Positive Forecast for O’Reilly Automotive (NASDAQ:ORLY) Stock Price

O’Reilly Automotive (NASDAQ:ORLY) had its price target increased by analysts at Wedbush from $1,200.00 to $1,350.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Wedbush’s price objective would indicate a potential upside of 2.53% from the stock’s previous close.

Several other research firms have also recently weighed in on ORLY. DA Davidson reissued a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets assumed coverage on shares of O’Reilly Automotive in a report on Friday, December 13th. They set an “outperform” rating and a $1,400.00 target price on the stock. Wells Fargo & Company boosted their price target on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, Barclays upped their target price on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Buy” and a consensus price target of $1,374.88.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,316.75 on Thursday. O’Reilly Automotive has a 1 year low of $947.49 and a 1 year high of $1,350.27. The company has a market capitalization of $76.02 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 2.40 and a beta of 0.94. The business has a fifty day simple moving average of $1,240.65 and a two-hundred day simple moving average of $1,185.54.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. As a group, equities analysts anticipate that O’Reilly Automotive will post 40.86 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. AlphaMark Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $30,000. Darwin Wealth Management LLC bought a new stake in O’Reilly Automotive in the third quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new stake in O’Reilly Automotive during the 4th quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised its holdings in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of O’Reilly Automotive in the 3rd quarter worth approximately $37,000. 85.00% of the stock is owned by 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.