O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $530.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by analysts at Guggenheim from $431.00 to $530.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s price target would suggest a potential upside of 11.02% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $525.00 price objective (up from $475.00) on shares of O’Reilly Automotive in a report on Wednesday. UBS Group upped their price objective on shares of O’Reilly Automotive from $470.00 to $515.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley lifted their target price on shares of O’Reilly Automotive from $395.00 to $470.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Nomura upped their target price on O’Reilly Automotive from $372.00 to $390.00 in a report on Wednesday, May 20th. Finally, Royal Bank of Canada lifted their price target on O’Reilly Automotive from $437.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. O’Reilly Automotive currently has a consensus rating of “Hold” and a consensus price target of $441.42.

Shares of NASDAQ ORLY opened at $477.38 on Friday. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.03 and a beta of 1.07. The company has a debt-to-equity ratio of 9.81, a quick ratio of 0.14 and a current ratio of 0.95. O’Reilly Automotive has a fifty-two week low of $251.51 and a fifty-two week high of $487.95. The firm’s 50-day simple moving average is $428.48 and its 200 day simple moving average is $392.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.10 by $3.00. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.60 billion. O’Reilly Automotive had a return on equity of 490.94% and a net margin of 14.45%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned $4.51 earnings per share. On average, sell-side analysts predict that O’Reilly Automotive will post 17.22 EPS for the current year.

In other news, SVP Carl David Wilbanks sold 10,000 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $445.82, for a total transaction of $4,458,200.00. Following the completion of the sale, the senior vice president now owns 10,807 shares in the company, valued at approximately $4,817,976.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory D. Johnson sold 3,374 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total value of $1,350,612.20. Following the transaction, the chief executive officer now directly owns 7,734 shares of the company’s stock, valued at approximately $3,095,920.20. The disclosure for this sale can be found here. Insiders have sold a total of 25,213 shares of company stock valued at $10,866,177 over the last 90 days. Company insiders own 2.43% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of O’Reilly Automotive by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,770,859 shares of the specialty retailer’s stock valued at $1,135,217,000 after buying an additional 116,940 shares in the last quarter. Principal Financial Group Inc. increased its stake in O’Reilly Automotive by 14.7% in the first quarter. Principal Financial Group Inc. now owns 1,865,913 shares of the specialty retailer’s stock valued at $561,733,000 after acquiring an additional 238,435 shares during the last quarter. Geode Capital Management LLC raised its position in O’Reilly Automotive by 1.3% during the first quarter. Geode Capital Management LLC now owns 1,281,756 shares of the specialty retailer’s stock valued at $385,220,000 after purchasing an additional 16,016 shares in the last quarter. Viking Global Investors LP bought a new stake in O’Reilly Automotive during the first quarter worth about $201,505,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of O’Reilly Automotive by 4.1% in the 1st quarter. Baird Financial Group Inc. now owns 548,225 shares of the specialty retailer’s stock worth $165,044,000 after purchasing an additional 21,624 shares in the last quarter. 81.97% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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