Wells Fargo & Co Increases O’Reilly Automotive (ORLY) Price Target to $445.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective increased by Wells Fargo & Co from $415.00 to $445.00 in a research report released on Thursday, April 18th, The Fly reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded O’Reilly Automotive from a buy rating to a strong-buy rating in a research report on Thursday, December 27th. Citigroup boosted their price target on O’Reilly Automotive from $422.00 to $454.00 and gave the stock a buy rating in a report on Monday, April 1st. Zacks Investment Research raised O’Reilly Automotive from a hold rating to a buy rating and set a $381.00 target price on the stock in a research report on Thursday, December 20th. Morgan Stanley upped their target price on O’Reilly Automotive from $385.00 to $400.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Finally, Credit Suisse Group reiterated a hold rating and set a $318.00 price target on shares of O’Reilly Automotive in a report on Tuesday, February 5th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $379.13.

ORLY opened at $364.79 on Thursday. O’Reilly Automotive has a twelve month low of $263.06 and a twelve month high of $414.63. The company has a quick ratio of 0.10, a current ratio of 0.84 and a debt-to-equity ratio of 9.29. The firm has a market cap of $28.80 billion, a P/E ratio of 22.66, a PEG ratio of 1.34 and a beta of 0.81.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $4.05. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.44 billion. O’Reilly Automotive had a net margin of 13.87% and a return on equity of 333.23%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.61 earnings per share. Equities analysts forecast that O’Reilly Automotive will post 17.77 earnings per share for the current year.

In related news, COO Jeff M. Shaw sold 2,758 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $395.00, for a total value of $1,089,410.00. Following the completion of the sale, the chief operating officer now directly owns 26,992 shares of the company’s stock, valued at $10,661,840. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jeff M. Shaw sold 3,615 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $375.35, for a total transaction of $1,356,890.25. Following the completion of the sale, the chief operating officer now directly owns 27,832 shares of the company’s stock, valued at $10,446,741.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,273 shares of company stock valued at $44,907,567. Insiders own 2.52% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. King Luther Capital Management Corp raised its holdings in shares of O’Reilly Automotive by 1.0% in the first quarter. King Luther Capital Management Corp now owns 68,215 shares of the specialty retailer’s stock valued at $26,488,000 after buying an additional 663 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at about $510,000. GAM Holding AG raised its holdings in shares of O’Reilly Automotive by 110.2% in the first quarter. GAM Holding AG now owns 2,066 shares of the specialty retailer’s stock valued at $802,000 after buying an additional 1,083 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of O’Reilly Automotive by 44.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 16,424 shares of the specialty retailer’s stock valued at $6,377,000 after buying an additional 5,065 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of O’Reilly Automotive by 566.5% in the first quarter. Rockefeller Capital Management L.P. now owns 1,073 shares of the specialty retailer’s stock valued at $417,000 after buying an additional 912 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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