Evercore ISI Lowers O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,200.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective lowered by Evercore ISI from $1,220.00 to $1,200.00 in a research note published on Friday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

Other analysts also recently issued reports about the company. Mizuho assumed 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. UBS Group boosted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a report on Wednesday, April 17th. The Goldman Sachs Group boosted their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a report on Friday, February 9th. Wells Fargo & Company dropped their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada upped 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. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $1,106.31.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,043.93 on Friday. The firm has a fifty day moving average price of $1,097.20 and a 200 day moving average price of $1,015.51. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The firm has a market cap of $61.62 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O’Reilly Automotive’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.28 earnings per share. On average, equities analysts predict that O’Reilly Automotive will post 41.7 EPS for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now directly owns 963 shares in the company, valued at approximately $1,000,200.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director John Raymond Murphy sold 269 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the transaction, the director now directly owns 950 shares in the company, valued at approximately $987,316. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the transaction, the senior vice president now owns 963 shares of the company’s stock, valued at $1,000,200.69. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock worth $27,269,333 in the last three months. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently modified their holdings of the business. Groesbeck Investment Management Corp NJ boosted its holdings in O’Reilly Automotive by 0.7% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after acquiring an additional 10 shares during the period. Lindbrook Capital LLC raised its position in shares of O’Reilly Automotive by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 10 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after acquiring an additional 10 shares in the last quarter. Caprock Group LLC raised its position in shares of O’Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after acquiring an additional 11 shares in the last quarter. Finally, Western Pacific Wealth Management LP grew its stake in O’Reilly Automotive by 11.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after buying an additional 11 shares during the last quarter. 85.00% of the stock is currently 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.