O’Reilly Automotive (NASDAQ:ORLY) Given New $662.00 Price Target at Citigroup

O’Reilly Automotive (NASDAQ:ORLYGet Rating) had its price target reduced by Citigroup from $720.00 to $662.00 in a research report issued on Friday, The Fly reports. Citigroup’s price target would indicate a potential upside of 6.37% from the company’s previous close.

ORLY has been the topic of several other research reports. Royal Bank of Canada lifted their price target on shares of O’Reilly Automotive from $755.00 to $815.00 and gave the company an “outperform” rating in a report on Friday, February 11th. StockNews.com initiated coverage on shares of O’Reilly Automotive in a report on Thursday, March 31st. They set a “buy” rating on the stock. Bank of America raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target on the stock in a report on Tuesday. JPMorgan Chase & Co. raised shares of O’Reilly Automotive from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $695.00 to $785.00 in a report on Friday, January 14th. Finally, Truist Financial lowered their price target on shares of O’Reilly Automotive from $837.00 to $788.00 in a report on Friday, April 29th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $718.25.

ORLY opened at $622.34 on Friday. The company has a market cap of $40.90 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.49 and a beta of 1.04. The company’s 50 day moving average is $680.79 and its 200 day moving average is $667.60. O’Reilly Automotive has a 12-month low of $519.32 and a 12-month high of $748.68.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The specialty retailer reported $7.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.48 by ($0.31). O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. During the same quarter in the previous year, the company posted $7.06 earnings per share. As a group, research analysts predict that O’Reilly Automotive will post 32.58 EPS for the current fiscal year.

In other news, SVP Jeffrey Alan Lauro acquired 80 shares of the business’s stock in a transaction on Wednesday, February 23rd. The shares were acquired at an average price of $630.00 per share, for a total transaction of $50,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard Darin Venosdel sold 4,754 shares of the business’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $725.00, for a total transaction of $3,446,650.00. Following the transaction, the senior vice president now owns 4,200 shares in the company, valued at approximately $3,045,000. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Resources Management Corp CT ADV lifted its position in shares of O’Reilly Automotive by 0.3% during the 3rd quarter. Resources Management Corp CT ADV now owns 6,312 shares of the specialty retailer’s stock valued at $3,857,000 after buying an additional 16 shares in the last quarter. Clarius Group LLC lifted its position in shares of O’Reilly Automotive by 1.8% during the 4th quarter. Clarius Group LLC now owns 969 shares of the specialty retailer’s stock valued at $684,000 after buying an additional 17 shares in the last quarter. Red Door Wealth Management LLC lifted its position in shares of O’Reilly Automotive by 2.7% during the 1st quarter. Red Door Wealth Management LLC now owns 646 shares of the specialty retailer’s stock valued at $442,000 after buying an additional 17 shares in the last quarter. Corbett Road Capital Management LLC lifted its position in shares of O’Reilly Automotive by 3.0% during the 4th quarter. Corbett Road Capital Management LLC now owns 628 shares of the specialty retailer’s stock valued at $444,000 after buying an additional 18 shares in the last quarter. Finally, Brinker Capital Investments LLC lifted its position in shares of O’Reilly Automotive by 2.1% during the 4th quarter. Brinker Capital Investments LLC now owns 865 shares of the specialty retailer’s stock valued at $611,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.

About O’Reilly Automotive (Get Rating)

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. 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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