O’Reilly Automotive (NASDAQ:ORLY) Price Target Cut to $1,212.00 by Analysts at Truist Financial

O’Reilly Automotive (NASDAQ:ORLY) had its price objective trimmed by Truist Financial from $1,234.00 to $1,212.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

ORLY has been the subject of several other reports. Wells Fargo & Company reduced their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating for the company in a research report on Thursday. The Goldman Sachs Group raised their price target on shares of 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. Evercore ISI cut their price objective on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. StockNews.com raised shares of O’Reilly Automotive from a hold rating to a buy rating in a research report on Thursday. Finally, UBS Group increased their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of Moderate Buy and a consensus target price of $1,106.31.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,043.93 on Friday. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11. The company has a 50-day moving average of $1,097.20 and a 200 day moving average of $1,015.51. The firm has a market cap of $61.62 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company’s quarterly 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. Sell-side analysts anticipate that O’Reilly Automotive will post 41.7 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction that occurred on 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 directly owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the sale, the chairman now owns 205,095 shares of the company’s stock, valued at $217,933,947. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now directly 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. Insiders sold 25,968 shares of company stock valued at $27,269,333 in the last 90 days. 1.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Groesbeck Investment Management Corp NJ lifted its holdings in shares of O’Reilly Automotive by 0.7% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after buying an additional 10 shares during the last quarter. Lindbrook Capital LLC lifted its stake in O’Reilly Automotive by 3.9% in the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock valued at $251,000 after acquiring an additional 10 shares during the last quarter. Pinnacle Associates Ltd. grew its position in O’Reilly Automotive by 1.4% in the first quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after acquiring an additional 10 shares in the last quarter. Caprock Group LLC increased its stake in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 11 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its holdings in shares of O’Reilly Automotive by 11.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock valued at $96,000 after purchasing an additional 11 shares in the last quarter. 85.00% of the stock is currently owned by 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.