O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,375.00 at TD Cowen

O’Reilly Automotive (NASDAQ:ORLY) had its price objective increased by TD Cowen from $1,300.00 to $1,375.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Several other research firms have also weighed in on ORLY. Truist Financial boosted their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. DA Davidson restated a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research report on Thursday. Wedbush restated a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a research report on Thursday. Finally, Bank of America upped their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,195.22 on Friday. O’Reilly Automotive has a 1-year low of $895.88 and a 1-year high of $1,221.18. The firm has a fifty day moving average price of $1,149.00 and a two-hundred day moving average price of $1,081.47. The firm has a market cap of $69.33 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts expect that O’Reilly Automotive will post 41.05 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. In the last three months, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by insiders.

Institutional Trading of O’Reilly Automotive

A number of hedge funds have recently bought and sold shares of the company. Solidarity Wealth LLC lifted its stake in O’Reilly Automotive by 23.0% during the third quarter. Solidarity Wealth LLC now owns 8,607 shares of the specialty retailer’s stock valued at $9,911,000 after buying an additional 1,607 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in O’Reilly Automotive by 40.9% during the third quarter. First Trust Direct Indexing L.P. now owns 2,208 shares of the specialty retailer’s stock valued at $2,542,000 after buying an additional 641 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of O’Reilly Automotive by 0.3% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 53,672 shares of the specialty retailer’s stock valued at $64,394,000 after purchasing an additional 146 shares during the period. Ariston Services Group acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at about $327,000. Finally, Childress Capital Advisors LLC increased its holdings in shares of O’Reilly Automotive by 7.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 218 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 16 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.