O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Has Consensus Price Target of $108.00 According to Brokerages

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $108.00.

Several research analysts have issued reports on the stock. Roth Capital reaffirmed a “buy” rating and issued a $111.00 target price (up from $109.00) on shares of O’Reilly Automotive in a report on Friday, July 31st. Robert W. Baird set a $100.00 price target on shares of O’Reilly Automotive and gave the company a “neutral” rating in a report on Friday, July 31st. Bank of America began coverage on shares of O’Reilly Automotive in a research report on Monday, October 26th. They set a “buy” rating and a $106.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $106.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, September 16th.

O’Reilly Automotive Trading Up 1.3%

Shares of NASDAQ:ORLY opened at $90.54 on Monday. The stock has a fifty day simple moving average of $87.42 and a two-hundred day simple moving average of $90.30. The stock has a market capitalization of $72.62 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.12 and a beta of 0.55. O’Reilly Automotive has a 12-month low of $82.59 and a 12-month high of $102.46.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. O’Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities research analysts predict that O’Reilly Automotive will post 3.31 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman Gregory Henslee sold 138,705 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $91.75, for a total value of $12,726,183.75. Following the completion of the transaction, the chairman owned 241,950 shares in the company, valued at $22,198,912.50. The trade was a 36.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Hendrickson sold 1,000 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $87.83, for a total value of $87,830.00. Following the transaction, the director directly owned 18,675 shares in the company, valued at approximately $1,640,225.25. The trade was a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 148,655 shares of company stock worth $13,623,283 over the last three months. Company insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently bought and sold shares of ORLY. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of O’Reilly Automotive by 26.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 58,297 shares of the specialty retailer’s stock valued at $5,381,000 after purchasing an additional 12,316 shares during the period. Corient Private Wealth LP increased its holdings in O’Reilly Automotive by 46.0% in the 2nd quarter. Corient Private Wealth LP now owns 1,077,091 shares of the specialty retailer’s stock worth $99,189,000 after acquiring an additional 339,465 shares in the last quarter. Swiss National Bank raised its stake in O’Reilly Automotive by 6.5% during the 1st quarter. Swiss National Bank now owns 2,477,200 shares of the specialty retailer’s stock worth $228,670,000 after acquiring an additional 152,100 shares during the period. Nykredit A S bought a new stake in O’Reilly Automotive during the 2nd quarter worth approximately $34,040,000. Finally, Pelham Capital Ltd. lifted its holdings in O’Reilly Automotive by 25.9% during the second quarter. Pelham Capital Ltd. now owns 163,377 shares of the specialty retailer’s stock valued at $15,045,000 after purchasing an additional 33,610 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops. The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers. Founded in 1957 by Charles F. O’Reilly and his son Charles H. O’Reilly, the company opened its first store in Springfield, Missouri.