O’Reilly Automotive (NASDAQ:ORLY) Hits New 12-Month High – Still a Buy?

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) hit a new 52-week high on Wednesday . The stock traded as high as $1,391.79 and last traded at $1,385.07, with a volume of 151845 shares changing hands. The stock had previously closed at $1,375.48.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. BMO Capital Markets increased their price target on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Wedbush lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their price objective on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Trading Up 0.6 %

The stock has a market cap of $79.19 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.34 and a beta of 0.91. The firm’s 50 day moving average is $1,311.29 and its two-hundred day moving average is $1,236.09.

Shares of O’Reilly Automotive are set to split on the morning of Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly created shares will be distributed to shareholders after the closing bell on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities analysts expect 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 business’s stock in a transaction dated 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 transaction, the chairman now owns 11,397 shares in the company, valued at $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jason Lee Tarrant sold 1,992 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the completion of the sale, the executive vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,894 shares of company stock valued at $10,409,618. 1.55% of the stock is currently owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new stake in O’Reilly Automotive in the fourth quarter worth approximately $28,000. AlphaMark Advisors LLC bought a new position in O’Reilly Automotive during the fourth quarter valued at about $30,000. Murphy & Mullick Capital Management Corp bought a new stake in O’Reilly Automotive in the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new position in shares of O’Reilly Automotive in the 4th quarter worth approximately $32,000. Finally, Investment Management Corp VA ADV bought a new stake in O’Reilly Automotive during the fourth quarter worth approximately $37,000. 85.00% of the stock is currently owned by institutional investors.

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.