Guggenheim Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,400.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price hoisted by Guggenheim from $1,275.00 to $1,400.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

ORLY has been the subject of a number of other research reports. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,150.00 to $1,450.00 in a research report on Tuesday. DA Davidson reaffirmed a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Evercore ISI lifted their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Wedbush restated a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Finally, StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, O’Reilly Automotive presently has an average rating of “Buy” and a consensus price target of $1,295.94.

O’Reilly Automotive Trading Down 0.6 %

Shares of NASDAQ ORLY opened at $1,254.00 on Friday. The firm has a 50-day moving average of $1,224.37 and a two-hundred day moving average of $1,166.81. The company has a market capitalization of $72.39 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.30 and a beta of 0.94. O’Reilly Automotive has a twelve month low of $947.49 and a twelve month high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last released 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). The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $10.72 earnings per share. As a group, research analysts predict that O’Reilly Automotive will post 40.86 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Institutional investors and hedge funds have recently modified their holdings of the business. Childress Capital Advisors LLC increased its position in O’Reilly Automotive by 5.0% during the fourth quarter. Childress Capital Advisors LLC now owns 229 shares of the specialty retailer’s stock worth $272,000 after buying an additional 11 shares during the last quarter. Fourpath Capital Management LLC increased its holdings in shares of O’Reilly Automotive by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 2,721 shares of the specialty retailer’s stock valued at $3,227,000 after acquiring an additional 16 shares during the last quarter. One Wealth Advisors LLC raised its stake in shares of O’Reilly Automotive by 2.5% in the 4th quarter. One Wealth Advisors LLC now owns 664 shares of the specialty retailer’s stock valued at $787,000 after acquiring an additional 16 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in O’Reilly Automotive by 1.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,032 shares of the specialty retailer’s stock worth $1,224,000 after purchasing an additional 13 shares during the last quarter. Finally, Catalina Capital Group LLC lifted its holdings in O’Reilly Automotive by 3.6% in the 4th quarter. Catalina Capital Group LLC now owns 262 shares of the specialty retailer’s stock worth $311,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.