O’Reilly Automotive (NASDAQ:ORLY) Given New $1,200.00 Price Target at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its price target reduced by Evercore ISI from $1,220.00 to $1,200.00 in a research note released on Friday, Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.

ORLY has been the topic of a number of other research reports. StockNews.com raised O’Reilly Automotive from a hold rating to a buy rating in a report on Thursday. Wells Fargo & Company dropped their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating on the stock in a report on Thursday. UBS Group upped their price target on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a buy rating in a report on Wednesday, April 17th. The Goldman Sachs Group boosted their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a research note on Friday, February 9th. Finally, Truist Financial cut their target price on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $1,106.31.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,043.93 on Friday. The company has a market capitalization of $61.62 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86. The business has a 50-day moving average of $1,097.20 and a two-hundred day moving average of $1,015.51. 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 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 the consensus estimate of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $8.28 earnings per share. As a group, equities research analysts expect that O’Reilly Automotive will post 41.7 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ORLY. Steward Financial Group LLC increased its holdings in shares of O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after buying an additional 17 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth $36,000. Newbridge Financial Services Group Inc. acquired a new stake in O’Reilly Automotive in the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO grew its position in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Finally, Riverview Trust Co bought a new stake in shares of O’Reilly Automotive during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.