Guggenheim Forecasts Strong Price Appreciation for O’Reilly Automotive (NASDAQ:ORLY) Stock

O’Reilly Automotive (NASDAQ:ORLY) had its price target boosted by stock analysts at Guggenheim from $1,275.00 to $1,400.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s price target would indicate a potential upside of 11.62% from the company’s previous close.

Several other research firms have also recently weighed in on ORLY. JPMorgan Chase & Co. upped their price objective on 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. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Barclays upped their target price on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Finally, DA Davidson reiterated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $1,295.94.

O’Reilly Automotive Stock Down 0.6 %

Shares of O’Reilly Automotive stock traded down $7.40 during trading on Friday, reaching $1,254.22. 44,041 shares of the company were exchanged, compared to its average volume of 298,495. O’Reilly Automotive has a twelve month low of $947.49 and a twelve month high of $1,283.96. The business has a 50-day moving average price of $1,223.62 and a 200-day moving average price of $1,166.15. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 2.30 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its 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). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $10.72 earnings per share. On average, equities research analysts forecast that O’Reilly Automotive will post 40.86 EPS for the current fiscal year.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

Institutional Trading of O’Reilly Automotive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC bought a new position in shares of O’Reilly Automotive in the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive in the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC grew its holdings in shares of 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 acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of O’Reilly Automotive in the third quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive in the third quarter valued at approximately $41,000. 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.