O’Reilly Automotive (NASDAQ:ORLY) Given New $1,450.00 Price Target at BMO Capital Markets

O’Reilly Automotive (NASDAQ:ORLY) had its price objective upped by BMO Capital Markets from $1,400.00 to $1,450.00 in a research note published on Monday morning,Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.

Several other research analysts also recently weighed in on the stock. Truist Financial upped their target price 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. Royal Bank of Canada upped their price objective on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Mizuho lifted their target price on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive Stock Performance

NASDAQ ORLY opened at $1,324.30 on Monday. O’Reilly Automotive has a one year low of $947.49 and a one year high of $1,350.27. The company’s 50 day moving average price is $1,244.91 and its 200 day moving average price is $1,192.31. The firm has a market capitalization of $76.45 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Sell-side analysts forecast that O’Reilly Automotive will post 44.16 EPS for the current fiscal year.

Insider Activity

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’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 transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Weiss sold 600 shares of the company’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 value of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds and other institutional investors have recently modified their holdings of ORLY. Lee Danner & Bass Inc. bought a new stake in O’Reilly Automotive in the 4th quarter valued at about $28,000. AlphaMark Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at approximately $30,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $32,000. Finally, Darwin Wealth Management LLC bought a new position in O’Reilly Automotive in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds 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.