Evercore ISI Lowers O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,220.00

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

Several other analysts also recently weighed in on ORLY. Mizuho assumed coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a buy rating and a $1,225.00 target price for the company. Stephens reaffirmed an overweight rating and set a $1,060.00 target price on shares of O’Reilly Automotive in a research report on Tuesday, December 19th. Wells Fargo & Company boosted their price target on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an overweight rating in a report on Monday, March 25th. The Goldman Sachs Group raised their price objective on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a report on Friday, February 9th. Finally, Wedbush upped their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of Moderate Buy and a consensus target price of $1,089.59.

O’Reilly Automotive Trading Up 1.9 %

Shares of NASDAQ:ORLY opened at $1,089.51 on Tuesday. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11. The company has a market capitalization of $64.31 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.95 and a beta of 0.86. The firm’s 50-day moving average is $1,090.52 and its 200 day moving average is $1,006.87.

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

Insider Buying and Selling

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at $2,400,380. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the sale, the chairman now directly owns 216,539 shares in the company, valued at $228,141,159.62. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock worth $27,269,333 in the last ninety days. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

A number of large investors have recently bought and sold shares of ORLY. Geode Capital Management LLC lifted its stake in O’Reilly Automotive by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock valued at $1,262,904,000 after acquiring an additional 26,201 shares during the period. Morgan Stanley raised its holdings in shares of O’Reilly Automotive by 113.8% during the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock worth $1,007,597,000 after purchasing an additional 635,416 shares during the last quarter. Jennison Associates LLC lifted its position in O’Reilly Automotive by 7.6% during the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after purchasing an additional 66,629 shares during the period. Invesco Ltd. boosted its holdings in O’Reilly Automotive by 3.7% in the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock valued at $807,168,000 after purchasing an additional 31,487 shares during the last quarter. Finally, Norges Bank acquired a new stake in O’Reilly Automotive during the 4th quarter worth about $671,384,000. 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.