Evercore ISI Cuts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,250.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price decreased by Evercore ISI from $1,275.00 to $1,250.00 in a research note released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

ORLY has been the subject of a number of other reports. Wedbush reaffirmed a neutral rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Mizuho initiated 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. StockNews.com lowered O’Reilly Automotive from a buy rating to a hold rating in a research report on Friday, May 3rd. UBS Group lifted their target price on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a buy rating in a research report on Wednesday, April 17th. Finally, Truist Financial decreased their target price on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a buy rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $1,116.93.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,020.54 on Tuesday. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm has a market capitalization of $60.10 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.90 and a beta of 0.92. The stock has a 50 day moving average price of $1,012.96 and a 200 day moving average price of $1,035.21.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the company earned $8.28 EPS. O’Reilly Automotive’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that O’Reilly Automotive will post 41.93 EPS for the current year.

Insider Buying and Selling

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

Institutional Trading of O’Reilly Automotive

Several large investors have recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. grew its stake in O’Reilly Automotive by 0.7% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 20,707 shares of the specialty retailer’s stock valued at $21,868,000 after purchasing an additional 136 shares during the last quarter. Marcum Wealth LLC raised its holdings in O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after purchasing an additional 10 shares during the period. GAMMA Investing LLC raised its holdings in O’Reilly Automotive by 22.6% in the 2nd quarter. GAMMA Investing LLC now owns 629 shares of the specialty retailer’s stock worth $664,000 after purchasing an additional 116 shares during the period. NBW Capital LLC raised its holdings in O’Reilly Automotive by 1.9% in the 1st quarter. NBW Capital LLC now owns 3,889 shares of the specialty retailer’s stock worth $4,390,000 after purchasing an additional 74 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in O’Reilly Automotive by 4.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 456 shares of the specialty retailer’s stock worth $515,000 after purchasing an additional 18 shares during the period. 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.