O’Reilly Automotive (ORLY) Price Target Increased to $400.00 by Analysts at Morgan Stanley

O’Reilly Automotive (NASDAQ:ORLY) had its target price increased by Morgan Stanley from $385.00 to $400.00 in a report published on Monday morning, AnalystRatings.com reports. Morgan Stanley currently has an equal weight rating on the specialty retailer’s stock.

Several other equities analysts have also commented on the company. Citigroup raised their price target on O’Reilly Automotive from $422.00 to $454.00 and gave the company a buy rating in a research note on Monday, April 1st. BidaskClub upgraded O’Reilly Automotive from a hold rating to a buy rating in a research note on Friday, March 22nd. Evercore ISI began coverage on O’Reilly Automotive in a research note on Wednesday, March 20th. They set an in-line rating and a $375.00 price target on the stock. Atlantic Securities lowered O’Reilly Automotive from an overweight rating to a neutral rating and raised their price target for the company from $370.00 to $400.00 in a research note on Friday, March 1st. Finally, Oppenheimer lowered O’Reilly Automotive from an outperform rating to a market perform rating in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $369.35.

Shares of O’Reilly Automotive stock opened at $408.67 on Monday. The firm has a market cap of $31.94 billion, a PE ratio of 25.38, a PEG ratio of 1.49 and a beta of 0.85. The company has a debt-to-equity ratio of 9.66, a quick ratio of 0.09 and a current ratio of 0.91. O’Reilly Automotive has a 12 month low of $217.64 and a 12 month high of $409.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.04). The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. O’Reilly Automotive had a net margin of 13.89% and a return on equity of 318.99%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.90 EPS. Sell-side analysts predict that O’Reilly Automotive will post 17.78 earnings per share for the current year.

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $374.37, for a total value of $18,718,500.00. Following the completion of the sale, the chairman now owns 65,922 shares of the company’s stock, valued at $24,679,219.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Brad W. Beckham sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $370.71, for a total value of $1,853,550.00. Following the completion of the sale, the executive vice president now directly owns 5,454 shares of the company’s stock, valued at approximately $2,021,852.34. The disclosure for this sale can be found here. In the last three months, insiders sold 119,273 shares of company stock valued at $44,907,567. Corporate insiders own 2.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ORLY. Virtus ETF Advisers LLC acquired a new stake in O’Reilly Automotive in the fourth quarter worth about $25,000. Berman Capital Advisors LLC acquired a new stake in O’Reilly Automotive in the fourth quarter worth about $31,000. CNB Bank acquired a new stake in O’Reilly Automotive in the fourth quarter worth about $35,000. CX Institutional acquired a new stake in O’Reilly Automotive in the first quarter worth about $35,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in O’Reilly Automotive in the fourth quarter worth about $39,000. 86.68% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Company Profile

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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