O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,150.00 at Morgan Stanley

O’Reilly Automotive (NASDAQ:ORLY) had its target price raised by Morgan Stanley from $1,100.00 to $1,150.00 in a research report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

Several other research firms also recently commented on ORLY. UBS Group dropped their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a research report on Thursday. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus target price of $1,209.56.

O’Reilly Automotive Stock Performance

ORLY stock traded up $4.65 during midday trading on Thursday, reaching $1,204.42. The stock had a trading volume of 13,735 shares, compared to its average volume of 373,211. The firm has a fifty day simple moving average of $1,147.32 and a two-hundred day simple moving average of $1,080.64. O’Reilly Automotive has a 52-week low of $895.88 and a 52-week high of $1,221.18. The stock has a market cap of $69.87 billion, a PE ratio of 30.20, a P/E/G ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced 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 during 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 company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.72 earnings per share. On average, sell-side analysts predict that O’Reilly Automotive will post 41.05 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares of the company’s stock, 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 this link. In related news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction on 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 transaction, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Large investors have recently bought and sold shares of the business. Trifecta Capital Advisors LLC lifted its stake in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares in the last quarter. Indiana Trust & Investment Management CO increased its holdings in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $43,000. Kings Path Partners LLC purchased a new position in O’Reilly Automotive during the second quarter worth approximately $44,000. Finally, ORG Partners LLC acquired a new position in O’Reilly Automotive during the second quarter worth $48,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.