O’Reilly Automotive (NASDAQ:ORLY) Given New $1,200.00 Price Target at Wells Fargo & Company

O’Reilly Automotive (NASDAQ:ORLY) had its target price decreased by Wells Fargo & Company from $1,300.00 to $1,200.00 in a report issued on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays lifted their target price on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a report on Thursday, January 4th. StockNews.com upgraded O’Reilly Automotive from a hold rating to a buy rating in a research report on Thursday. Truist Financial boosted their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a buy rating in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an outperform rating in a research report on Friday, February 9th. Finally, Mizuho initiated coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a buy rating and a $1,225.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, O’Reilly Automotive currently has an average rating of Moderate Buy and a consensus price target of $1,107.56.

O’Reilly Automotive Stock Performance

Shares of ORLY stock traded down $11.20 on Thursday, reaching $1,042.93. The stock had a trading volume of 125,160 shares, compared to its average volume of 370,102. The stock has a market cap of $61.56 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11. The company has a 50 day simple moving average of $1,097.34 and a 200 day simple moving average of $1,014.62.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a negative return on equity of 139.08% and a net margin of 14.78%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $8.28 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive will post 42.1 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Raymond Murphy sold 269 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,968 shares of company stock valued at $27,269,333. Corporate insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ORLY. Steward Financial Group LLC raised its holdings in O’Reilly Automotive by 141.7% in the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 17 shares during the last quarter. Rise Advisors LLC acquired a new stake in O’Reilly Automotive in the 1st quarter valued at about $36,000. Newbridge Financial Services Group Inc. acquired a new stake in O’Reilly Automotive in the 1st quarter valued at about $37,000. Indiana Trust & Investment Management CO increased its holdings in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $41,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.