O’Reilly Automotive (NASDAQ:ORLY) Upgraded by Morgan Stanley to “Overweight” Rating

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a $1,450.00 price target on the specialty retailer’s stock, up from their prior price target of $1,150.00. Morgan Stanley’s target price indicates a potential upside of 19.17% from the stock’s previous close.

A number of other brokerages have also commented on ORLY. BMO Capital Markets began coverage on shares of O’Reilly Automotive in a research note on Friday, December 13th. They set an “outperform” rating and a $1,400.00 price target for the company. Wells Fargo & Company upped their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. TD Cowen boosted their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average target price of $1,289.44.

O’Reilly Automotive Trading Up 1.0 %

NASDAQ:ORLY opened at $1,216.79 on Tuesday. O’Reilly Automotive has a 12 month low of $947.49 and a 12 month high of $1,283.96. The stock has a market capitalization of $70.25 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.26 and a beta of 0.94. The firm has a fifty day simple moving average of $1,223.49 and a two-hundred day simple moving average of $1,164.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the business earned $10.72 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ORLY. Darwin Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the third quarter worth $32,000. Trifecta Capital Advisors LLC raised its stake in shares of 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 purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of O’Reilly Automotive during the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive in the 3rd quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in O’Reilly Automotive during the 4th quarter valued at about $46,000. 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.