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

O’Reilly Automotive (NASDAQ:ORLY) had its target price hoisted by BMO Capital Markets from $1,400.00 to $1,450.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. BMO Capital Markets’ target price suggests a potential upside of 10.60% from the company’s current price.

Several other research firms have also recently weighed in on ORLY. UBS Group raised their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research report on Friday. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Finally, DA Davidson increased their price objective on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,311.03 on Monday. The stock has a market capitalization of $75.69 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. The business’s fifty day moving average price is $1,242.12 and its two-hundred day moving average price is $1,189.28. O’Reilly Automotive has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. Research analysts expect that O’Reilly Automotive will post 44.16 EPS for the current fiscal year.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, 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 disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of large investors have recently made changes to their positions in ORLY. Wellington Management Group LLP increased its position in O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after buying an additional 728,040 shares during the period. Geode Capital Management LLC raised its stake in O’Reilly Automotive by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer’s stock worth $1,700,513,000 after purchasing an additional 24,135 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of O’Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after purchasing an additional 853,633 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of O’Reilly Automotive by 28.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after purchasing an additional 133,139 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of O’Reilly Automotive by 205,600.0% in the fourth quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock valued at $597,602,000 after buying an additional 503,720 shares in the last quarter. 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.