O’Reilly Automotive (NASDAQ:ORLY) Given New $1,212.00 Price Target at Truist Financial

O’Reilly Automotive (NASDAQ:ORLY) had its target price lowered by Truist Financial from $1,234.00 to $1,212.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

Other equities analysts also recently issued reports about the stock. Wedbush reaffirmed a neutral rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday. UBS Group upped their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a buy rating in a research report on Wednesday, April 17th. Wells Fargo & Company cut their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating on the stock in a research report on Thursday. Evercore ISI decreased their target price on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an outperform rating for the company in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group lifted their price target on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $1,106.31.

O’Reilly Automotive Stock Down 1.0 %

Shares of ORLY stock opened at $1,043.93 on Friday. The firm has a market capitalization of $61.62 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.93 and a beta of 0.86. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The stock’s fifty day simple moving average is $1,097.20 and its 200 day simple moving average is $1,015.51.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.28 earnings per share. As a group, equities research analysts expect that O’Reilly Automotive will post 41.7 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in O’Reilly Automotive during the fourth quarter valued at approximately $671,384,000. International Assets Investment Management LLC boosted its position in O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after acquiring an additional 652,924 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of O’Reilly Automotive in the 3rd quarter worth $198,365,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of O’Reilly Automotive by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after purchasing an additional 183,296 shares during the last quarter. Hedge funds and other 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.