Guggenheim Issues Positive Forecast for O’Reilly Automotive (NASDAQ:ORLY) Stock Price

O’Reilly Automotive (NASDAQ:ORLY) had its price objective increased by Guggenheim from $1,275.00 to $1,400.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. TD Cowen upped their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets began coverage on O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Buy” and a consensus price target of $1,295.94.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,254.00 on Friday. The firm’s fifty day moving average price is $1,224.37 and its 200 day moving average price is $1,166.81. The company has a market capitalization of $72.39 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. O’Reilly Automotive has a 12-month low of $947.49 and a 12-month high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm posted $10.72 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. Analysts forecast that O’Reilly Automotive will post 40.86 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now directly owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in the business. Daymark Wealth Partners LLC lifted its holdings in O’Reilly Automotive by 20.2% in the second quarter. Daymark Wealth Partners LLC now owns 428 shares of the specialty retailer’s stock worth $452,000 after purchasing an additional 72 shares during the period. MBB Public Markets I LLC bought a new stake in shares of O’Reilly Automotive during the 2nd quarter worth about $4,588,000. Marshfield Associates raised its position in shares of O’Reilly Automotive by 0.6% during the 2nd quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock worth $319,866,000 after buying an additional 1,718 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of O’Reilly Automotive by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock worth $524,629,000 after acquiring an additional 24,767 shares during the period. Finally, Scientech Research LLC boosted its holdings in shares of O’Reilly Automotive by 8.6% in the second quarter. Scientech Research LLC now owns 239 shares of the specialty retailer’s stock valued at $252,000 after acquiring an additional 19 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.