The stock of Advance Auto Parts Inc. (NYSE:AAP) last traded at $71.16, up 0.30% from the previous session.
Data from the available sources indicates that Advance Auto Parts Inc. (NYSE:AAP) is covered by 27 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $57.00, we find $80.00. Given the previous closing price of $70.95, this indicates a potential upside of 12.76 percent. AAP stock price is now -26.54% away from the 50-day moving average and -47.84% away from the 200-day moving average. The market capitalization of the company currently stands at $4.22B.
In total, 23 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $79.67 as their price target over the next twelve months.
In other news, Pertz Douglas A, Director bought 4,575 shares of the company’s stock on Jun 12. The stock was bought for $302,058 at an average price of $66.02. Upon completion of the transaction, the Director now directly owns 12,831 shares in the company, valued at $0.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Director Pertz Douglas A bought 1,570 shares of the business’s stock. A total of $100,088 was incurred on buying the stock at an average price of $63.75. This leaves the insider owning 8,256 shares of the company worth $0.59 million. Insiders disposed of 33,360 shares of company stock worth roughly $2.37 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AAP stock. A new stake in Advance Auto Parts Inc. shares was purchased by VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $30,306,000. RENAISSANCE TECHNOLOGIES LLC invested $20,761,000 in shares of AAP during the first quarter. In the first quarter, BROOKSTONE CAPITAL MANAGEMENT acquired a new stake in Advance Auto Parts Inc. valued at approximately $7,359,000. WOODLINE PARTNERS LP acquired a new stake in AAP for approximately $6,074,000. UNITED SERVICES AUTOMOBILE ASSOCIATION purchased a new stake in AAP valued at around $5,654,000 in the second quarter. In total, there are 926 active investors with 97.16% ownership of the company’s stock.
With an opening price of $70.94 on Wednesday morning, Advance Auto Parts Inc. (NYSE: AAP) set off the trading day. During the past 12 months, Advance Auto Parts Inc. has had a low of $63.56 and a high of $212.25. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.20, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $8.12B, which is based on a 10.60 price-to-earnings ratio, a 3.78 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for AAP is $95.72 and a two-hundred day moving average price translates $135.93 for the stock.
The latest earnings results from Advance Auto Parts Inc. (NYSE: AAP) was released for Apr, 2023. According to the Specialty Retail Company, earnings per share came in at $0.72, missing analysts’ expectations of $2.57 by -1.85. This compares to $2.26 EPS in the same period last year. The net profit margin was 3.60% and return on equity was 15.00% for AAP. The company reported revenue of $3.42 billion for the quarter, compared to $3.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.29 percent. For the current quarter, analysts expect AAP to generate $2.67B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/28/2023. Investors who held shares on 07/14/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 1.41% percent yield. There was an ex-dividend date of 07/13/2023 for this dividend. In terms of dividend payout ratio, AAP is presently at 66.70%.
Advance Auto Parts Inc.(AAP) Company Profile
Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives, and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts, Autopart International, and Carquest brands, as well as branches under the Worldpac name. The company has stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and independently owned Carquest branded stores in Mexico, Grand Cayman, Caribbean Islands. The company was founded in 1929 and is based in Raleigh, North Carolina.
