Royal Bank of Canada Increases O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,453.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price lifted by Royal Bank of Canada from $1,416.00 to $1,453.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 10.37% from the stock’s current price.

Several other research analysts have also issued reports on the stock. DA Davidson restated a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. BMO Capital Markets began coverage on O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target on the stock. Truist Financial upped their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $1,351.94.

O’Reilly Automotive Stock Down 1.1 %

O’Reilly Automotive stock traded down $14.28 during trading hours on Friday, hitting $1,316.46. 188,142 shares of the company traded hands, compared to its average volume of 337,672. O’Reilly Automotive has a 1-year low of $947.49 and a 1-year high of $1,350.27. The firm has a market cap of $76.00 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.40 and a beta of 0.94. The firm’s 50-day simple moving average is $1,240.65 and its two-hundred day simple moving average is $1,185.54.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. On average, equities research analysts predict that O’Reilly Automotive will post 40.86 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of O’Reilly Automotive by 20.8% during the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock worth $21,396,000 after purchasing an additional 3,193 shares during the period. Annex Advisory Services LLC grew its position in shares of O’Reilly Automotive by 23.2% during the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after buying an additional 6,418 shares during the period. CIBC Asset Management Inc increased its stake in shares of O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after acquiring an additional 882 shares during the last quarter. Montecito Bank & Trust acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $365,000. Finally, Eastern Bank bought a new position in O’Reilly Automotive during the 3rd quarter worth approximately $19,786,000. 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.