O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,475.00 at Guggenheim

O’Reilly Automotive (NASDAQ:ORLY) had its price target hoisted by equities research analysts at Guggenheim from $1,400.00 to $1,475.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s price target indicates a potential upside of 10.92% from the company’s previous close.

Several other research firms also recently commented on ORLY. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial increased their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive has a consensus rating of “Buy” and an average target price of $1,342.12.

O’Reilly Automotive Stock Performance

ORLY traded down $0.96 during mid-day trading on Friday, reaching $1,329.79. The stock had a trading volume of 58,738 shares, compared to its average volume of 332,363. O’Reilly Automotive has a 52 week low of $947.49 and a 52 week high of $1,350.27. The firm’s fifty day simple moving average is $1,240.65 and its two-hundred day simple moving average is $1,185.54. The stock has a market capitalization of $76.77 billion, a P/E ratio of 32.90, a P/E/G ratio of 2.40 and a beta of 0.94.

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 net margin of 14.52% and a negative return on equity of 155.25%. As a group, analysts expect that O’Reilly Automotive will post 40.86 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in O’Reilly Automotive by 20.8% in the 3rd quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after acquiring an additional 3,193 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of O’Reilly Automotive by 23.2% in the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after acquiring an additional 6,418 shares during the last quarter. CIBC Asset Management Inc boosted its position in 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 buying an additional 882 shares during the last quarter. Montecito Bank & Trust acquired a new stake in O’Reilly Automotive in the fourth quarter worth about $365,000. Finally, Eastern Bank bought a new position in O’Reilly Automotive in the third quarter valued at approximately $19,786,000. 85.00% of the stock is owned by institutional investors and hedge funds.

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.