O’Reilly Automotive (NASDAQ:ORLY) Price Target Cut to $1,220.00 by Analysts at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its target price decreased by Evercore ISI from $1,240.00 to $1,220.00 in a report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

Several other analysts have also recently weighed in on the stock. Mizuho assumed coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a buy rating and a $1,225.00 price objective on the stock. Barclays lifted their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a research note on Thursday, January 4th. Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an overweight rating in a research report on Monday, March 25th. The Goldman Sachs Group boosted their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a research report on Friday, February 9th. Finally, StockNews.com cut shares of O’Reilly Automotive from a buy rating to a hold rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $1,089.59.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,089.51 on Tuesday. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The business’s fifty day moving average is $1,090.52 and its 200 day moving average is $1,006.87. The company has a market capitalization of $64.31 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $8.37 EPS. On average, sell-side analysts forecast that O’Reilly Automotive will post 42.09 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the sale, the chairman now owns 205,095 shares in the company, valued at $217,933,947. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,968 shares of company stock valued at $27,269,333. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $671,384,000. International Assets Investment Management LLC raised its stake in O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after buying an additional 652,924 shares during the last quarter. Morgan Stanley boosted its holdings in O’Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after acquiring an additional 635,416 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of O’Reilly Automotive by 101,509.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after acquiring an additional 530,893 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after acquiring an additional 397,108 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.