U.S. Auto Parts Network (PRTS) Given a $5.00 Price Target at Barrington Research

Barrington Research set a $5.00 price objective on U.S. Auto Parts Network (NASDAQ:PRTS) in a research report report published on Friday morning. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other analysts also recently weighed in on the company. ValuEngine downgraded U.S. Auto Parts Network from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded U.S. Auto Parts Network from a sell rating to a hold rating in a research note on Wednesday, August 1st.

Shares of U.S. Auto Parts Network stock remained flat at $$1.52 during trading on Friday. The company had a trading volume of 325,811 shares, compared to its average volume of 152,743. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.25 and a current ratio of 1.29. U.S. Auto Parts Network has a 12-month low of $1.08 and a 12-month high of $2.94. The stock has a market capitalization of $54.23 million, a P/E ratio of 15.20 and a beta of 1.02.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings results on Wednesday, August 8th. The specialty retailer reported ($0.02) earnings per share for the quarter. U.S. Auto Parts Network had a negative net margin of 0.98% and a positive return on equity of 3.19%. The business had revenue of $76.97 million during the quarter. Research analysts expect that U.S. Auto Parts Network will post -0.02 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of PRTS. North Star Investment Management Corp. boosted its stake in shares of U.S. Auto Parts Network by 13.9% in the third quarter. North Star Investment Management Corp. now owns 1,733,335 shares of the specialty retailer’s stock valued at $2,687,000 after buying an additional 211,000 shares in the last quarter. B. Riley Financial Inc. purchased a new stake in shares of U.S. Auto Parts Network in the second quarter valued at approximately $273,000. Bard Associates Inc. purchased a new stake in U.S. Auto Parts Network during the second quarter worth $225,000. Finally, Wynnefield Capital Inc. boosted its position in U.S. Auto Parts Network by 37.0% during the first quarter. Wynnefield Capital Inc. now owns 436,583 shares of the specialty retailer’s stock worth $895,000 after purchasing an additional 117,959 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

U.S. Auto Parts Network Company Profile

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

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