O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,290.00 at Truist Financial

O’Reilly Automotive (NASDAQ:ORLY) had its price objective increased by Truist Financial from $1,204.00 to $1,290.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other brokerages have also weighed in on ORLY. Royal Bank of Canada decreased their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Bank of America upped their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 25th. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, DA Davidson upped their price objective on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $1,206.87.

O’Reilly Automotive Stock Up 0.7 %

Shares of NASDAQ ORLY opened at $1,198.90 on Monday. The firm has a market capitalization of $70.61 billion, a P/E ratio of 30.43, a P/E/G ratio of 2.24 and a beta of 0.92. The stock’s 50-day simple moving average is $1,138.75 and its two-hundred day simple moving average is $1,077.71. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,221.05.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.22 earnings per share. As a group, research analysts anticipate that O’Reilly Automotive will post 41.1 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. This represents 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, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares in the company, valued at approximately $15,049,409.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the sale, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 in the last ninety days. 1.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Institutional investors and hedge funds have recently bought and sold shares of the business. Trifecta Capital Advisors LLC lifted its holdings in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the period. Rise Advisors LLC bought a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $36,000. Indiana Trust & Investment Management CO raised its position in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co bought a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $41,000. Finally, Crewe Advisors LLC bought a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors 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.