O’Reilly Automotive (NASDAQ:ORLY) Given New $1,286.00 Price Target at Royal Bank of Canada

O’Reilly Automotive (NASDAQ:ORLY) had its price objective lifted by investment analysts at Royal Bank of Canada from $1,115.00 to $1,286.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Royal Bank of Canada’s target price suggests a potential upside of 7.33% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. UBS Group decreased their price target on shares of 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. Evercore ISI lifted their price target on shares of 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. Morgan Stanley lifted their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus price target of $1,228.06.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded down $1.64 during midday trading on Friday, hitting $1,198.13. The company’s stock had a trading volume of 111,029 shares, compared to its average volume of 373,681. The business’s fifty day simple moving average is $1,147.32 and its two-hundred day simple moving average is $1,080.64. O’Reilly Automotive has a 1 year low of $895.88 and a 1 year high of $1,221.18. The firm has a market capitalization of $69.50 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the firm earned $10.72 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that O’Reilly Automotive will post 41.05 EPS for the current fiscal year.

Insider Activity

In other news, 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 $1,217,406.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were 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 this link. 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 transaction of $53,268.48. Following the completion of the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock valued at $56,846,062 in the last ninety days. 1.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors have recently bought and sold shares of ORLY. 180 Wealth Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter valued at $308,000. Hodges Capital Management Inc. boosted its position in shares of O’Reilly Automotive by 4.1% during the 1st quarter. Hodges Capital Management Inc. now owns 485 shares of the specialty retailer’s stock worth $548,000 after purchasing an additional 19 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter worth $243,000. Deltec Asset Management LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter worth $847,000. Finally, Blue Zone Wealth Advisors LLC boosted its position in shares of O’Reilly Automotive by 3.4% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 3,734 shares of the specialty retailer’s stock worth $4,215,000 after purchasing an additional 124 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

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.