Advance Auto Parts Inc (NYSE:AAP) – Jefferies Group issued their FY2019 EPS estimates for Advance Auto Parts in a research note issued on Friday. Jefferies Group analyst B. Jordan forecasts that the company will post earnings per share of $9.68 for the year. Jefferies Group currently has a “Buy” rating and a $130.00 price target on the stock.
Several other research analysts also recently commented on AAP. Wedbush reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Advance Auto Parts in a research note on Wednesday, March 15th. BTIG Research reaffirmed a “sell” rating and issued a $120.00 target price on shares of Advance Auto Parts in a research note on Tuesday, March 28th. TheStreet downgraded shares of Advance Auto Parts from a “b” rating to a “c+” rating in a research note on Monday, March 27th. Gabelli raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Thursday, April 20th. Finally, Citigroup Inc. decreased their target price on shares of Advance Auto Parts from $177.00 to $168.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 25th. Five analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $152.38.
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Advance Auto Parts (NYSE:AAP) traded down 1.52% during midday trading on Monday, hitting $100.38. 124,611 shares of the stock were exchanged. Advance Auto Parts has a 1-year low of $99.13 and a 1-year high of $177.83. The company’s 50 day moving average is $132.91 and its 200-day moving average is $151.47. The stock has a market cap of $7.41 billion, a PE ratio of 18.18 and a beta of 0.88.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Wednesday, May 24th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by $0.60. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company posted $2.51 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in AAP. Marshall Wace North America L.P. acquired a new stake in Advance Auto Parts during the first quarter valued at approximately $2,028,000. Kentucky Retirement Systems purchased a new stake in Advance Auto Parts during the fourth quarter valued at about $904,000. Stevens Capital Management LP raised its stake in Advance Auto Parts by 7.2% in the first quarter. Stevens Capital Management LP now owns 2,819 shares of the company’s stock valued at $418,000 after buying an additional 190 shares in the last quarter. Strs Ohio raised its stake in Advance Auto Parts by 0.7% in the first quarter. Strs Ohio now owns 3,955 shares of the company’s stock valued at $586,000 after buying an additional 28 shares in the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in Advance Auto Parts during the first quarter valued at about $4,529,000.
In other Advance Auto Parts news, Director Eugene I. Lee, Jr. purchased 1,895 shares of Advance Auto Parts stock in a transaction dated Friday, May 26th. The stock was purchased at an average price of $132.18 per share, with a total value of $250,481.10. Following the transaction, the director now directly owns 4,398 shares of the company’s stock, valued at $581,327.64. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas Greco purchased 16,000 shares of Advance Auto Parts stock in a transaction dated Friday, May 26th. The shares were acquired at an average cost of $134.63 per share, with a total value of $2,154,080.00. Following the transaction, the insider now directly owns 111,030 shares in the company, valued at $14,947,968.90. The disclosure for this purchase can be found here. In the last three months, insiders acquired 369,462 shares of company stock valued at $49,617,073. 4.50% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 23rd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Wednesday, June 21st. Advance Auto Parts’s dividend payout ratio (DPR) is 4.36%.
Advance Auto Parts Company Profile
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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