O’Reilly Automotive (NASDAQ:ORLY) Hits New 52-Week High – Time to Buy?

O’Reilly Automotive, Inc. (NASDAQ:ORLY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,389.05 and last traded at $1,356.77, with a volume of 479181 shares traded. The stock had previously closed at $1,375.99.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ORLY shares. Guggenheim boosted their price objective on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Mizuho boosted their price objective on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. DA Davidson boosted their price objective on O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, BMO Capital Markets boosted their price objective on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Trading Down 0.6 %

The business has a 50 day moving average of $1,275.52 and a 200-day moving average of $1,216.03. The firm has a market capitalization of $76.84 billion, a P/E ratio of 32.74, a PEG ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 3,073 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the completion of the transaction, the chairman now owns 11,397 shares of the company’s stock, valued at $14,988,764.55. This represents a 21.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jason Lee Tarrant sold 1,992 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the transaction, the executive vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $1,872,061.80. This trade represents a 58.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,894 shares of company stock valued at $10,409,618. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of large investors have recently bought and sold shares of ORLY. Castle Rock Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $189,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at approximately $54,399,000. Carolinas Wealth Consulting LLC boosted its holdings in shares of O’Reilly Automotive by 14.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock valued at $76,000 after buying an additional 8 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in shares of O’Reilly Automotive by 3.3% in the 4th quarter. Integrated Advisors Network LLC now owns 1,735 shares of the specialty retailer’s stock valued at $2,057,000 after buying an additional 56 shares during the last quarter. Finally, Ascent Group LLC boosted its holdings in shares of O’Reilly Automotive by 6.3% in the 4th quarter. Ascent Group LLC now owns 2,144 shares of the specialty retailer’s stock valued at $2,542,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds 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.