Truist Financial Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,313.00

O’Reilly Automotive (NASDAQ:ORLY) had its price target lifted by investment analysts at Truist Financial from $1,290.00 to $1,313.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s price target would suggest a potential upside of 8.35% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. DA Davidson reiterated a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a research note on Thursday. UBS Group decreased their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Wells Fargo & Company raised their price target on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI lifted their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,211.00.

O’Reilly Automotive Stock Up 1.0 %

ORLY traded up $12.03 during midday trading on Friday, hitting $1,211.80. 19,469 shares of the company were exchanged, compared to its average volume of 373,239. The firm’s 50 day moving average price is $1,147.32 and its 200-day moving average price is $1,080.64. O’Reilly Automotive has a 1-year low of $895.88 and a 1-year high of $1,221.18. The firm has a market capitalization of $70.30 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.29 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $10.72 EPS. On average, sell-side analysts predict that O’Reilly Automotive will post 41.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, 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 transaction of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the sale, the director now owns 5,016 shares in the company, valued at $5,698,978.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by insiders.

Institutional Trading of O’Reilly Automotive

Several institutional investors and hedge funds have recently modified their holdings of ORLY. Nordea Investment Management AB increased its holdings in O’Reilly Automotive by 3.8% in the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after acquiring an additional 2,214 shares during the last quarter. Bank Pictet & Cie Asia Ltd. acquired a new stake in shares of O’Reilly Automotive in the second quarter valued at about $800,000. Handelsbanken Fonder AB raised its position in shares of O’Reilly Automotive by 2.5% in the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after buying an additional 727 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in O’Reilly Automotive by 5.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after purchasing an additional 701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of O’Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after purchasing an additional 6,954 shares during the period. 85.00% of the stock is currently owned by 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.