O’Reilly Automotive (NASDAQ:ORLY) PT Lowered to $1,220.00 at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its target price trimmed by Evercore ISI from $1,240.00 to $1,220.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

A number of other research analysts also recently weighed in on ORLY. Wedbush increased their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a neutral rating in a report on Thursday, February 8th. Stephens reissued an overweight rating and issued a $1,060.00 target price on shares of O’Reilly Automotive in a report on Tuesday, December 19th. The Goldman Sachs Group increased their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a report on Friday, February 9th. StockNews.com cut O’Reilly Automotive from a buy rating to a hold rating in a research report on Thursday, February 8th. Finally, Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $1,102.53.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,090.94 on Tuesday. The company has a market cap of $64.40 billion, a P/E ratio of 28.35, a PEG ratio of 1.99 and a beta of 0.86. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11. The stock’s fifty day moving average price is $1,093.98 and its 200-day moving average price is $1,009.47.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the company earned $8.37 earnings per share. O’Reilly Automotive’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that O’Reilly Automotive will post 42.09 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in O’Reilly Automotive during the second quarter valued at approximately $25,000. Steward Financial Group LLC boosted its stake in O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 17 shares during the last quarter. Ancora Advisors LLC bought a new position in O’Reilly Automotive during the fourth quarter valued at approximately $30,000. Householder Group Estate & Retirement Specialist LLC bought a new position in O’Reilly Automotive during the third quarter valued at approximately $34,000. Finally, Carmel Capital Partners LLC boosted its stake in O’Reilly Automotive by 1,750.0% during the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 35 shares during the last quarter. 85.00% of the stock is owned by 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.