O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives $1,390.81 Average Price Target from Brokerages

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has been given an average rating of “Buy” by the eighteen research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $1,390.81.

Several analysts have recently weighed in on the company. UBS Group raised their target price on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research note on Friday, February 7th. DA Davidson raised their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research note on Friday, February 7th. BMO Capital Markets upped their target price on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Mizuho upped their price target on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a report on Friday, February 7th.

Insiders Place Their Bets

In related news, EVP Jason Lee Tarrant sold 1,992 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the completion of the transaction, the executive vice president now directly owns 1,398 shares in the company, valued at $1,872,061.80. This represents a 58.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brad W. Beckham sold 833 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the completion of the sale, the chief executive officer now owns 760 shares in the company, valued at $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,894 shares of company stock valued at $10,409,618 over the last quarter. Insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

A number of large investors have recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in O’Reilly Automotive during the 4th quarter valued at about $28,000. AlphaMark Advisors LLC bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $30,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $31,000. Darwin Wealth Management LLC acquired a new position in shares of O’Reilly Automotive during the third quarter worth approximately $32,000. Finally, Kestra Investment Management LLC bought a new position in O’Reilly Automotive in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 0.9 %

O’Reilly Automotive stock opened at $1,375.48 on Wednesday. The firm has a fifty day moving average of $1,311.29 and a 200-day moving average of $1,236.09. O’Reilly Automotive has a 52-week low of $947.49 and a 52-week high of $1,389.05. The firm has a market capitalization of $78.73 billion, a P/E ratio of 33.83, a PEG ratio of 2.34 and a beta of 0.91.

O’Reilly Automotive shares are set to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating 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%. On average, research analysts expect that O’Reilly Automotive will post 43.94 EPS for the current fiscal year.

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.