O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $110.00 at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its price target raised by Evercore ISI from $108.00 to $110.00 in a research report report published on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

Several other research firms have also recently commented on ORLY. Truist Financial raised their price target on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Barclays restated an “equal weight” rating and set a $86.00 price target on shares of O’Reilly Automotive in a report on Friday, July 25th. Guggenheim raised their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of O’Reilly Automotive in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive has an average rating of “Buy” and a consensus target price of $102.40.

O’Reilly Automotive Price Performance

Shares of ORLY opened at $101.89 on Tuesday. O’Reilly Automotive has a one year low of $73.11 and a one year high of $104.86. The company has a 50-day moving average of $93.65 and a two-hundred day moving average of $91.46. The stock has a market cap of $86.45 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 2.74 and a beta of 0.56.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the company posted $10.55 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts anticipate that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Ramon Parises Odems sold 30,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the transaction, the senior vice president owned 240 shares of the company’s stock, valued at $21,767.20. This trade represents a 99.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,840 shares of company stock valued at $6,629,176. 1.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in O’Reilly Automotive by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock worth $33,227,000 after buying an additional 3,272 shares in the last quarter. Vanguard Group Inc. boosted its stake in O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock worth $7,504,421,000 after buying an additional 75,125 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in O’Reilly Automotive by 33.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock worth $836,357,000 after buying an additional 147,904 shares in the last quarter. Summit X LLC boosted its stake in O’Reilly Automotive by 96.1% during the first quarter. Summit X LLC now owns 15,536 shares of the specialty retailer’s stock worth $22,255,000 after buying an additional 7,612 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in O’Reilly Automotive by 7.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 149,393 shares of the specialty retailer’s stock worth $214,017,000 after buying an additional 9,741 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

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.