Royal Bank of Canada Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,286.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective hoisted by Royal Bank of Canada from $1,115.00 to $1,286.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

Several other research firms have also commented on ORLY. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. increased their price target on shares of 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. UBS Group reduced their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Morgan Stanley raised their price objective on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Roth Mkm reissued a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Trading Down 0.4 %

Shares of ORLY stock opened at $1,195.22 on Friday. The stock’s 50-day moving average price is $1,150.51 and its 200-day moving average price is $1,081.90. O’Reilly Automotive has a 12-month low of $895.88 and a 12-month high of $1,221.18. The stock has a market capitalization of $70.39 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.

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

Insider Buying and Selling

In other news, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares in the company, valued at approximately $15,049,409.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the transaction, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 over the last three months. 1.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Trifecta Capital Advisors LLC grew its holdings in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. Crewe Advisors LLC purchased a new position in O’Reilly Automotive during the 1st quarter worth $43,000. Kings Path Partners LLC acquired a new position in O’Reilly Automotive during the 2nd quarter valued at about $44,000. ORG Partners LLC purchased a new stake in O’Reilly Automotive in the second quarter valued at about $48,000. Finally, Boit C F David acquired a new stake in O’Reilly Automotive in the first quarter worth about $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.