Wells Fargo & Company Trims O’Reilly Automotive (NASDAQ:ORLY) Target Price to $1,200.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price reduced by Wells Fargo & Company from $1,300.00 to $1,200.00 in a research note issued to investors on Thursday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

A number of other brokerages have also recently commented on ORLY. Wedbush restated a neutral rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday. Royal Bank of Canada boosted their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Barclays boosted their price objective 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. StockNews.com upgraded O’Reilly Automotive from a hold rating to a buy rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price objective on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of Moderate Buy and an average target price of $1,106.31.

O’Reilly Automotive Trading Down 1.0 %

Shares of O’Reilly Automotive stock opened at $1,043.93 on Thursday. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The stock has a market capitalization of $61.62 billion, a P/E ratio of 26.50, a PEG ratio of 1.91 and a beta of 0.86. The business’s fifty day moving average price is $1,097.20 and its 200 day moving average price is $1,016.19.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the firm earned $8.28 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts predict that O’Reilly Automotive will post 41.79 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the sale, the senior vice president now directly owns 963 shares of the company’s stock, valued at $1,000,200.69. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now directly owns 963 shares of the company’s stock, valued at $1,000,200.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,968 shares of company stock valued at $27,269,333. 1.55% of the stock is currently owned by insiders.

Institutional Trading of O’Reilly Automotive

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Financial Group LLC grew its holdings in shares of O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. Rise Advisors LLC bought a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. bought a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $37,000. Indiana Trust & Investment Management CO grew its holdings in shares of O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Finally, Riverview Trust Co bought a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $41,000. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Company Profile

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.