O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,313.00 at Truist Financial

O’Reilly Automotive (NASDAQ:ORLY) had its price target increased by equities researchers at Truist Financial from $1,290.00 to $1,313.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s price objective would indicate a potential upside of 9.85% from the company’s current price.

ORLY has been the topic of a number of other reports. Roth Mkm reissued a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada cut their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,195.22 on Friday. The firm has a 50 day simple moving average of $1,150.51 and a two-hundred day simple moving average of $1,081.98. The stock has a market cap of $69.33 billion, a PE ratio of 30.08, a P/E/G ratio of 2.29 and a beta of 0.92. O’Reilly Automotive has a one year low of $895.88 and a one year high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last announced 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). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the firm posted $10.72 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. On average, research analysts expect that O’Reilly Automotive will post 41.05 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock valued at $56,846,062 over the last quarter. 1.55% of the stock is owned by company insiders.

Institutional Trading of O’Reilly Automotive

A number of hedge funds have recently modified their holdings of ORLY. Trifecta Capital Advisors LLC lifted its position in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares during the period. Crewe Advisors LLC bought a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $43,000. Kings Path Partners LLC purchased a new position in shares of O’Reilly Automotive during the second quarter valued at approximately $44,000. ORG Partners LLC bought a new stake in shares of O’Reilly Automotive in the 2nd quarter worth approximately $48,000. Finally, Boit C F David purchased a new stake in shares of O’Reilly Automotive in the 1st quarter worth approximately $56,000. Institutional investors 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.