Barclays Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,290.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by stock analysts at Barclays from $1,250.00 to $1,290.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price objective would indicate a potential downside of 7.81% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. DA Davidson raised their target price on shares of O’Reilly Automotive from $1,525.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Morgan Stanley restated an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,425.00 to $1,550.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. Finally, StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $1,414.56.

O’Reilly Automotive Trading Up 2.1 %

ORLY stock opened at $1,399.23 on Monday. The company has a market cap of $80.09 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.34 and a beta of 0.79. The company’s 50-day moving average price is $1,362.18 and its 200 day moving average price is $1,279.80. O’Reilly Automotive has a 52 week low of $947.49 and a 52 week high of $1,458.37.

O’Reilly Automotive shares are scheduled to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly minted shares will be issued to shareholders after the closing bell on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 23rd. The specialty retailer reported $9.35 EPS for the quarter, missing analysts’ consensus estimates of $9.84 by ($0.49). The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.18 billion. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. O’Reilly Automotive’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $9.20 EPS. On average, equities research analysts expect that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now directly owns 275 shares of the company’s stock, valued at $364,375. This represents a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jason Lee Tarrant sold 1,992 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the transaction, the executive vice president now owns 1,398 shares in the company, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,894 shares of company stock worth $10,409,618. 1.01% of the stock is owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several large investors have recently made changes to their positions in the company. Advisory Resource Group acquired a new position in O’Reilly Automotive during the 3rd quarter worth $202,000. SkyView Investment Advisors LLC increased its holdings in shares of O’Reilly Automotive by 4.2% during the third quarter. SkyView Investment Advisors LLC now owns 884 shares of the specialty retailer’s stock worth $1,018,000 after buying an additional 36 shares in the last quarter. World Investment Advisors LLC boosted its stake in O’Reilly Automotive by 9.4% in the third quarter. World Investment Advisors LLC now owns 535 shares of the specialty retailer’s stock worth $616,000 after purchasing an additional 46 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in O’Reilly Automotive in the 3rd quarter valued at about $518,000. Finally, Wilmington Savings Fund Society FSB bought a new position in O’Reilly Automotive in the 3rd quarter worth approximately $184,000. 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.