O’Reilly Automotive Inc. (NASDAQ:ORLY) shares reached a new 52-week high on Friday . The company traded as high as $279.89 and last traded at $279.12, with a volume of 271,871 shares traded. The stock had previously closed at $275.28.

A number of research firms have weighed in on ORLY. Zacks Investment Research raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $304.00 target price for the company in a research report on Wednesday, June 29th. Vetr lowered shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating and set a $301.89 target price for the company. in a research report on Tuesday, June 28th. BTIG Research began coverage on shares of O’Reilly Automotive in a research report on Wednesday, June 1st. They set a “buy” rating and a $310.00 target price for the company. Sterne Agee CRT reissued a “buy” rating and set a $310.00 target price (up previously from $300.00) on shares of O’Reilly Automotive in a research report on Monday, May 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of O’Reilly Automotive in a research report on Saturday, April 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $292.49.

The stock has a market cap of $27.02 billion and a PE ratio of 28.88. The firm has a 50 day moving average of $263.95 and a 200 day moving average of $260.88.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 27th. The company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.10. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.06 billion. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.06 EPS. Equities analysts predict that O’Reilly Automotive Inc. will post $10.73 EPS for the current fiscal year.

In other news, CFO Thomas Mcfall sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the chief financial officer now owns 15,065 shares in the company, valued at approximately $4,067,550. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tony E. Bartholomew bought 1,700 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were bought at an average price of $256.00 per share, with a total value of $435,200.00. Following the purchase, the senior vice president now owns 15,981 shares in the company, valued at approximately $4,091,136. The disclosure for this purchase can be found here.

Several hedge funds recently bought and sold shares of ORLY. Jennison Associates LLC boosted its stake in O’Reilly Automotive by 16.2% in the fourth quarter. Jennison Associates LLC now owns 3,950,943 shares of the company’s stock worth $1,001,248,000 after buying an additional 549,743 shares in the last quarter. Green Valley Investors LLC bought a new stake in O’Reilly Automotive during the fourth quarter worth about $63,355,000. Morgan Stanley boosted its stake in O’Reilly Automotive by 106.4% in the fourth quarter. Morgan Stanley now owns 408,337 shares of the company’s stock worth $103,481,000 after buying an additional 210,470 shares in the last quarter. Wells Fargo & Company MN boosted its stake in O’Reilly Automotive by 23.6% in the fourth quarter. Wells Fargo & Company MN now owns 669,917 shares of the company’s stock worth $169,771,000 after buying an additional 127,717 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in O’Reilly Automotive by 23.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 411,032 shares of the company’s stock worth $104,162,000 after buying an additional 76,880 shares in the last quarter.

O’Reilly Automotive, Inc (O’Reilly) is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company’s stores carry a product line, including new and remanufactured automotive hard parts, maintenance items and various automotive accessories.

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