JPMorgan Chase & Co. Raises O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,300.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by JPMorgan Chase & Co. from $1,125.00 to $1,300.00 in a report published on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the specialty retailer’s stock.

A number of other research firms have also commented on ORLY. UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Wedbush restated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Bank of America lifted their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Royal Bank of Canada lowered their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,206.87.

O’Reilly Automotive Trading Up 0.7 %

Shares of ORLY opened at $1,198.90 on Wednesday. The stock has a market cap of $70.61 billion, a PE ratio of 30.43, a PEG ratio of 2.24 and a beta of 0.92. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,221.05. The stock has a 50 day simple moving average of $1,138.75 and a 200-day simple moving average of $1,077.71.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data 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). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the company earned $10.22 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts forecast that O’Reilly Automotive will post 41.1 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares in the company, valued at approximately $15,049,409.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. This trade represents a 0.00 % decrease in their ownership of the stock. 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 insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. SageView Advisory Group LLC acquired a new position in shares of O’Reilly Automotive in the 4th quarter valued at $505,000. HighPoint Advisor Group LLC bought a new position in O’Reilly Automotive during the fourth quarter worth about $776,000. Nomura Holdings Inc. acquired a new position in O’Reilly Automotive in the fourth quarter valued at about $1,131,000. CWM LLC increased its holdings in shares of O’Reilly Automotive by 51.9% in the first quarter. CWM LLC now owns 2,013 shares of the specialty retailer’s stock worth $2,272,000 after acquiring an additional 688 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in shares of O’Reilly Automotive during the 1st quarter valued at about $36,000. 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.