Barclays Forecasts Strong Price Appreciation for O’Reilly Automotive (NASDAQ:ORLY) Stock

O’Reilly Automotive (NASDAQ:ORLY) had its target price boosted by Barclays from $1,088.00 to $1,110.00 in a research report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the specialty retailer’s stock.

Several other analysts have also issued reports on ORLY. Roth Mkm restated a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Truist Financial boosted their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 1st. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,270.69.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,205.74 on Thursday. The firm has a 50 day simple moving average of $1,221.63 and a 200-day simple moving average of $1,154.51. The stock has a market cap of $69.61 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. O’Reilly Automotive has a 1-year low of $921.25 and a 1-year high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business 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 155.25% and a net margin of 14.52%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.72 earnings per share. Equities analysts expect that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now directly owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds have recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC boosted its holdings in shares of O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive during the third quarter worth approximately $37,000. Princeton Global Asset Management LLC acquired a new position in shares of O’Reilly Automotive in the 3rd quarter valued at $41,000. Finally, Quarry LP raised its position in O’Reilly Automotive by 109.1% in the 2nd quarter. Quarry LP now owns 92 shares of the specialty retailer’s stock valued at $97,000 after purchasing an additional 48 shares during 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, 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.