The Goldman Sachs Group Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,170.00

O’Reilly Automotive (NASDAQ:ORLYFree Report) had its target price hoisted by The Goldman Sachs Group from $1,022.00 to $1,170.00 in a research report report published on Friday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the specialty retailer’s stock.

A number of other analysts have also weighed in on the stock. Wedbush increased their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. upped their price target on shares of O’Reilly Automotive from $980.00 to $1,030.00 and gave the stock an overweight rating in a report on Wednesday, October 18th. Stephens restated an overweight rating and issued a $1,060.00 price target on shares of O’Reilly Automotive in a report on Tuesday, December 19th. StockNews.com cut shares of O’Reilly Automotive from a buy rating to a hold rating in a report on Thursday, February 8th. Finally, Truist Financial upped their target price on O’Reilly Automotive from $1,068.00 to $1,080.00 and gave the stock a buy rating in a report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of Moderate Buy and a consensus price target of $1,056.44.

Get Our Latest Analysis on ORLY

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,026.39 on Friday. The firm has a fifty day moving average price of $982.51 and a 200 day moving average price of $955.03. O’Reilly Automotive has a fifty-two week low of $795.74 and a fifty-two week high of $1,074.04. The firm has a market cap of $60.72 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. O’Reilly Automotive’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $8.37 earnings per share. On average, equities analysts predict that O’Reilly Automotive will post 42.15 EPS for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total value of $1,500,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Dana Perlman sold 100 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $974.24, for a total value of $97,424.00. Following the completion of the transaction, the director now directly owns 1,197 shares of the company’s stock, valued at approximately $1,166,165.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Partners Capital Investment Group LLP purchased a new position in shares of O’Reilly Automotive in the 4th quarter valued at approximately $215,000. BTG Pactual Global Asset Management Ltd increased its holdings in shares of O’Reilly Automotive by 1.9% in the fourth quarter. BTG Pactual Global Asset Management Ltd now owns 2,000 shares of the specialty retailer’s stock valued at $1,900,000 after purchasing an additional 37 shares during the period. Adero Partners LLC increased its holdings in shares of O’Reilly Automotive by 18.9% in the fourth quarter. Adero Partners LLC now owns 484 shares of the specialty retailer’s stock valued at $460,000 after purchasing an additional 77 shares during the period. Scotia Capital Inc. increased its holdings in shares of O’Reilly Automotive by 7.9% in the fourth quarter. Scotia Capital Inc. now owns 4,636 shares of the specialty retailer’s stock valued at $4,405,000 after purchasing an additional 338 shares during the period. Finally, AMJ Financial Wealth Management increased its holdings in shares of O’Reilly Automotive by 5.8% in the fourth quarter. AMJ Financial Wealth Management now owns 6,903 shares of the specialty retailer’s stock valued at $6,558,000 after purchasing an additional 377 shares during the period. 82.92% of the stock is owned by hedge funds and other institutional investors.

About O’Reilly Automotive

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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 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.

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