O’Reilly Automotive (NASDAQ:ORLY) Price Target Cut to $1,250.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target decreased by UBS Group from $1,275.00 to $1,250.00 in a research report released on Thursday morning, Benzinga reports. UBS Group currently has a buy rating on the specialty retailer’s stock.

Several other research analysts have also issued reports on ORLY. Truist Financial dropped their price target on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a buy rating for the company in a research report on Tuesday, July 2nd. StockNews.com cut O’Reilly Automotive from a buy rating to a hold rating in a report on Friday, May 3rd. Evercore ISI decreased their price target on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating on the stock in a research note on Tuesday, July 16th. Wedbush reiterated a neutral rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Finally, Wells Fargo & Company lowered their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating on the stock in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $1,113.36.

O’Reilly Automotive Trading Up 1.4 %

ORLY opened at $1,042.86 on Thursday. The stock’s 50 day simple moving average is $1,015.12 and its 200-day simple moving average is $1,042.76. The stock has a market cap of $61.41 billion, a PE ratio of 26.47, a P/E/G ratio of 1.92 and a beta of 0.92. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm posted $8.28 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that O’Reilly Automotive will post 41.7 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Groesbeck Investment Management Corp NJ increased its holdings in O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after purchasing an additional 10 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of O’Reilly Automotive by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock valued at $251,000 after buying an additional 10 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after buying an additional 10 shares during the period. Industrial Alliance Investment Management Inc. lifted its holdings in O’Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after acquiring an additional 10 shares in the last quarter. Finally, Marcum Wealth LLC grew its stake in O’Reilly Automotive by 5.1% in the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.