Wells Fargo & Company Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,425.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective upped by research analysts at Wells Fargo & Company from $1,325.00 to $1,425.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 10.63% from the company’s current price.

A number of other equities analysts have also commented on ORLY. DA Davidson reaffirmed a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Barclays boosted their price objective on shares of O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Finally, Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $1,301.82.

O’Reilly Automotive Stock Up 0.8 %

NASDAQ ORLY opened at $1,288.08 on Tuesday. The company’s 50 day moving average is $1,228.05 and its 200-day moving average is $1,173.92. The firm has a market cap of $74.36 billion, a P/E ratio of 31.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. O’Reilly Automotive has a 12-month low of $947.49 and a 12-month high of $1,291.15.

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrea Weiss sold 600 shares of the firm’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 in the company, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of large investors have recently made changes to their positions in the business. Scientech Research LLC increased its position in O’Reilly Automotive by 8.6% during the 2nd quarter. Scientech Research LLC now owns 239 shares of the specialty retailer’s stock valued at $252,000 after purchasing an additional 19 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in O’Reilly Automotive in the second quarter worth about $1,584,000. Creative Planning raised its stake in O’Reilly Automotive by 0.8% in the second quarter. Creative Planning now owns 20,453 shares of the specialty retailer’s stock worth $21,600,000 after buying an additional 153 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in O’Reilly Automotive by 6.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,191 shares of the specialty retailer’s stock worth $8,651,000 after buying an additional 510 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in O’Reilly Automotive by 2.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 530 shares of the specialty retailer’s stock valued at $560,000 after acquiring an additional 14 shares in the last quarter. 85.00% of the stock is currently 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.