Barclays Raises O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,110.00

by · The Cerbat Gem

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) had its price target upped by investment analysts at Barclays from $1,088.00 to $1,110.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price objective indicates a potential downside of 7.94% from the company’s current price.

Several other research firms also recently issued reports on ORLY. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. DA Davidson restated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. TD Cowen increased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,270.69.

Get Our Latest Report on ORLY

O’Reilly Automotive Price Performance

NASDAQ ORLY traded up $6.02 on Thursday, hitting $1,205.74. 255,423 shares of the company’s stock were exchanged, compared to its average volume of 331,925. The firm has a market cap of $69.61 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.58 and a beta of 0.94. The firm’s 50-day moving average price is $1,220.58 and its two-hundred day moving average price is $1,154.15. O’Reilly Automotive has a fifty-two week low of $921.25 and a fifty-two week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its quarterly earnings data 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). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company earned $10.72 EPS. The company’s revenue was up 3.8% on a year-over-year basis. On average, research analysts predict that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ORLY. Darwin Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the third quarter worth $32,000. Trifecta Capital Advisors LLC boosted its position in O’Reilly Automotive by 383.3% during 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 during the period. MidAtlantic Capital Management Inc. acquired a new stake in O’Reilly Automotive in the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive in the third quarter valued at about $41,000. Finally, Quarry LP lifted its stake in shares of O’Reilly Automotive by 109.1% during the second quarter. Quarry LP now owns 92 shares of the specialty retailer’s stock worth $97,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

(Get Free Report)

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.

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