Wells Fargo & Co reiterated their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report sent to investors on Wednesday morning, The Fly reports. Wells Fargo & Co currently has a $525.00 price objective on the specialty retailer’s stock, up from their prior price objective of $475.00.

Several other research firms also recently issued reports on ORLY. Nomura Securities dropped their price objective on O’Reilly Automotive from $360.00 to $350.00 and set a neutral rating on the stock in a report on Monday, April 13th. Morgan Stanley lifted their price objective on O’Reilly Automotive from $395.00 to $470.00 and gave the stock an overweight rating in a report on Monday, July 20th. Stephens restated an overweight rating and set a $380.00 price objective (up from $350.00) on shares of O’Reilly Automotive in a report on Thursday, April 16th. Nomura lifted their price objective on O’Reilly Automotive from $372.00 to $390.00 in a report on Wednesday, May 20th. Finally, Wedbush lifted their price objective on O’Reilly Automotive from $300.00 to $380.00 and gave the stock a neutral rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. O’Reilly Automotive presently has a consensus rating of Hold and a consensus price target of $441.42.

Shares of NASDAQ:ORLY opened at $477.38 on Wednesday. The company has a market cap of $35.44 billion, a P/E ratio of 23.40, a PEG ratio of 2.04 and a beta of 1.07. The company has a debt-to-equity ratio of 9.81, a quick ratio of 0.14 and a current ratio of 0.95. O’Reilly Automotive has a one year low of $251.51 and a one year high of $487.95. The business’s 50-day simple moving average is $428.48 and its 200 day simple moving average is $392.96.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $7.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.10 by $3.00. O’Reilly Automotive had a return on equity of 490.94% and a net margin of 14.45%. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the business earned $4.51 EPS. O’Reilly Automotive’s revenue for the quarter was up 19.4% compared to the same quarter last year. Analysts predict that O’Reilly Automotive will post 16.92 earnings per share for the current year.

In related news, CEO Gregory D. Johnson sold 3,374 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $400.30, for a total transaction of $1,350,612.20. Following the completion of the transaction, the chief executive officer now owns 7,734 shares in the company, valued at approximately $3,095,920.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carl David Wilbanks sold 10,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $425.74, for a total value of $4,257,400.00. Following the transaction, the senior vice president now owns 10,807 shares of the company’s stock, valued at approximately $4,600,972.18. The disclosure for this sale can be found here. Insiders have sold a total of 25,213 shares of company stock valued at $10,866,177 in the last 90 days. Insiders own 2.43% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in O’Reilly Automotive by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,770,859 shares of the specialty retailer’s stock worth $1,135,217,000 after acquiring an additional 116,940 shares during the period. Principal Financial Group Inc. boosted its position in O’Reilly Automotive by 14.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,865,913 shares of the specialty retailer’s stock worth $561,733,000 after acquiring an additional 238,435 shares during the period. Geode Capital Management LLC boosted its position in O’Reilly Automotive by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 1,281,756 shares of the specialty retailer’s stock worth $385,220,000 after acquiring an additional 16,016 shares during the period. Viking Global Investors LP bought a new stake in shares of O’Reilly Automotive in the 1st quarter worth $201,505,000. Finally, Baird Financial Group Inc. raised its stake in shares of O’Reilly Automotive by 4.1% in the 1st quarter. Baird Financial Group Inc. now owns 548,225 shares of the specialty retailer’s stock worth $165,044,000 after buying an additional 21,624 shares in the last quarter. Institutional investors own 81.97% of the company’s stock.

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.

Featured Article: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

The Fly

Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.