Advance Auto Parts, Inc. (NYSE:AAP) Receives Consensus Recommendation of “Hold” from Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $47.93.

A number of analysts have recently issued reports on AAP shares. Royal Bank of Canada lowered their price objective on shares of Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Barclays reduced their price objective on shares of Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Wells Fargo & Company lifted their target price on Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. DA Davidson restated a “neutral” rating and issued a $45.00 price target on shares of Advance Auto Parts in a research note on Friday, November 15th. Finally, The Goldman Sachs Group dropped their price objective on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th.

Insider Transactions at Advance Auto Parts

In other news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the completion of the sale, the executive vice president now owns 24,266 shares of the company’s stock, valued at approximately $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Institutional Trading of Advance Auto Parts

Several hedge funds and other institutional investors have recently bought and sold shares of AAP. CIBC Asset Management Inc increased its holdings in shares of Advance Auto Parts by 3.9% during the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company’s stock worth $277,000 after purchasing an additional 221 shares during the period. Yousif Capital Management LLC increased its stake in Advance Auto Parts by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 26,258 shares of the company’s stock worth $1,242,000 after acquiring an additional 281 shares during the period. Everence Capital Management Inc. increased its stake in Advance Auto Parts by 3.7% during the 3rd quarter. Everence Capital Management Inc. now owns 8,330 shares of the company’s stock worth $325,000 after acquiring an additional 300 shares during the period. Ingalls & Snyder LLC raised its holdings in Advance Auto Parts by 5.0% in the 4th quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company’s stock valued at $316,000 after acquiring an additional 317 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Advance Auto Parts by 207.4% during the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.

Advance Auto Parts Stock Performance

AAP opened at $48.03 on Friday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 65.79, a P/E/G ratio of 2.23 and a beta of 1.15. The business’s 50-day moving average price is $46.27 and its two-hundred day moving average price is $44.98. Advance Auto Parts has a 1 year low of $35.59 and a 1 year high of $88.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.53). The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.62 billion. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.82) EPS. Equities analysts expect that Advance Auto Parts will post -0.46 EPS for the current fiscal year.

Advance Auto Parts 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.