Guggenheim Forecasts Strong Price Appreciation for O’Reilly Automotive (NASDAQ:ORLY) Stock

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by stock analysts at Guggenheim from $1,275.00 to $1,400.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s price target suggests a potential upside of 11.62% from the company’s current price.

Other analysts also recently issued research reports about the company. Evercore ISI lifted their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Roth Mkm reissued a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,295.94.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded down $7.40 during trading on Friday, hitting $1,254.22. 44,041 shares of the company were exchanged, compared to its average volume of 298,495. The company has a market cap of $72.41 billion, a PE ratio of 31.03, a P/E/G ratio of 2.30 and a beta of 0.94. The stock has a 50 day moving average of $1,223.62 and a 200 day moving average of $1,166.15. O’Reilly Automotive has a 52-week low of $947.49 and a 52-week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.72 EPS. Sell-side analysts forecast that O’Reilly Automotive will post 40.86 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors have recently added to or reduced their stakes in the stock. Asset Dedication LLC grew its holdings in O’Reilly Automotive by 6.2% during the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 9 shares in the last quarter. Marks Group Wealth Management Inc grew its holdings in O’Reilly Automotive by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after buying an additional 9 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of O’Reilly Automotive by 8.5% in the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after purchasing an additional 9 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of O’Reilly Automotive by 0.5% in the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after purchasing an additional 9 shares in the last quarter. Finally, L.M. Kohn & Company grew its holdings in shares of O’Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock valued at $753,000 after purchasing an additional 9 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.