Wells Fargo & Company Increases O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,325.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price hoisted by Wells Fargo & Company from $1,250.00 to $1,325.00 in a report released on Monday, Benzinga reports. The firm currently has an overweight rating on the specialty retailer’s stock.

A number of other brokerages have also recently issued reports on ORLY. Evercore ISI upped their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Royal Bank of Canada decreased their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Truist Financial lifted their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson upped their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, 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. Three equities research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,206.87.

O’Reilly Automotive Stock Up 0.4 %

Shares of ORLY opened at $1,204.22 on Monday. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,221.05. The company’s fifty day moving average is $1,140.41 and its 200-day moving average is $1,078.59. The firm has a market cap of $70.92 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company 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%. O’Reilly Automotive’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $10.22 earnings per share. As a group, research analysts predict that O’Reilly Automotive will post 41.1 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of the 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 completion of the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

A number of hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in O’Reilly Automotive during the 4th quarter valued at $505,000. HighPoint Advisor Group LLC bought a new position in O’Reilly Automotive in the 4th quarter valued at $776,000. Nomura Holdings Inc. acquired a new position in O’Reilly Automotive in the fourth quarter worth $1,131,000. Finally, Kapitalo Investimentos Ltda grew its holdings in shares of O’Reilly Automotive by 13.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 254 shares of the specialty retailer’s stock worth $241,000 after purchasing an additional 30 shares during the last quarter. 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.