Morgan Stanley Raises O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,150.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective increased by Morgan Stanley from $1,100.00 to $1,150.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the specialty retailer’s stock.

A number of other brokerages have also recently commented on ORLY. UBS Group decreased their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Wells Fargo & Company upped their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wedbush reissued a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada cut their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Trading Down 0.4 %

Shares of NASDAQ:ORLY opened at $1,195.22 on Thursday. O’Reilly Automotive has a 1-year low of $895.88 and a 1-year high of $1,221.18. The stock has a market capitalization of $69.33 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.29 and a beta of 0.92. The business has a 50-day moving average price of $1,150.51 and a two-hundred day moving average price of $1,081.98.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the company earned $10.72 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts predict that O’Reilly Automotive will post 41.05 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dana Perlman sold 48 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock valued at $56,846,062 over the last three months. Company insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several institutional investors and hedge funds have recently bought and sold shares of ORLY. Trifecta Capital Advisors LLC grew its stake in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter valued at $43,000. Kings Path Partners LLC bought a new stake in O’Reilly Automotive during the second quarter worth $44,000. Finally, ORG Partners LLC acquired a new stake in O’Reilly Automotive in the second quarter valued at $48,000. Institutional investors 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.