O’Reilly Automotive (NASDAQ:ORLY) PT Lowered to $1,200.00 at Wells Fargo & Company

O’Reilly Automotive (NASDAQ:ORLY) had its target price decreased by Wells Fargo & Company from $1,300.00 to $1,200.00 in a report released on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

A number of other analysts have also issued reports on ORLY. Barclays lifted their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a research note on Thursday, January 4th. StockNews.com raised O’Reilly Automotive from a hold rating to a buy rating in a research note on Thursday. UBS Group boosted their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Wedbush reissued a neutral rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday. Finally, Royal Bank of Canada boosted their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $1,107.56.

O’Reilly Automotive Stock Down 1.1 %

Shares of NASDAQ:ORLY traded down $11.20 during trading on Thursday, hitting $1,042.93. The stock had a trading volume of 125,160 shares, compared to its average volume of 370,102. O’Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,169.11. The stock has a market capitalization of $61.56 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. The stock has a 50-day simple moving average of $1,097.34 and a two-hundred day simple moving average of $1,014.62.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 139.08% and a net margin of 14.78%. O’Reilly Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $8.28 earnings per share. As a group, sell-side analysts forecast that O’Reilly Automotive will post 42.1 earnings per share for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the sale, the director now owns 950 shares of the company’s stock, valued at approximately $987,316. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now owns 950 shares of the company’s stock, valued at approximately $987,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the sale, the chairman now directly owns 205,095 shares in the company, valued at approximately $217,933,947. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock valued at $27,269,333 in the last quarter. Corporate insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SYSTM Wealth Solutions LLC grew its stake in shares of O’Reilly Automotive by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 725 shares of the specialty retailer’s stock valued at $818,000 after purchasing an additional 69 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $354,000. KG&L Capital Management LLC lifted its holdings in shares of O’Reilly Automotive by 42.0% in the 1st quarter. KG&L Capital Management LLC now owns 551 shares of the specialty retailer’s stock valued at $622,000 after buying an additional 163 shares during the period. Horrell Capital Management Inc. lifted its holdings in shares of O’Reilly Automotive by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 20,584 shares of the specialty retailer’s stock valued at $23,237,000 after buying an additional 103 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of O’Reilly Automotive by 15.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock valued at $1,587,784,000 after buying an additional 183,296 shares during the period. 85.00% of the stock is currently 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.