Advance Auto Parts (AAP) Receiving Somewhat Positive News Coverage, Analysis Finds

News coverage about Advance Auto Parts (NYSE:AAP) has been trending somewhat positive on Saturday, according to Alpha One. The research group, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Advance Auto Parts earned a coverage optimism score of 0.16 on Alpha One’s scale. Alpha One also assigned media stories about the company an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have effected AlphaOne Sentiment Analysis’s rankings:

Insider Buying and Selling by Quarter for Advance Auto Parts (NYSE:AAP)

AAP has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and set a $160.00 price objective (down from $185.00) on shares of Advance Auto Parts in a research report on Sunday, May 28th. Citigroup Inc. cut their price objective on Advance Auto Parts from $177.00 to $168.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 25th. Royal Bank Of Canada lowered their target price on shares of Advance Auto Parts from $168.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, May 25th. BTIG Research reiterated a “sell” rating and set a $120.00 target price on shares of Advance Auto Parts in a report on Wednesday, February 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, May 31st. Five analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Advance Auto Parts has a consensus rating of “Hold” and a consensus target price of $163.15.

Shares of Advance Auto Parts (NYSE AAP) traded down 0.75% on Friday, reaching $130.16. 1,725,200 shares of the company traded hands. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 23.58 and a beta of 0.80. The company has a 50-day moving average of $138.82 and a 200-day moving average of $154.83. Advance Auto Parts has a 1-year low of $123.49 and a 1-year high of $177.83.

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 Zacks’ consensus estimate of $2.20 by $0.60. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.51 EPS. Analysts anticipate that Advance Auto Parts will post $6.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Friday, June 23rd will be paid a $0.06 dividend. The ex-dividend date is Wednesday, June 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.18%. Advance Auto Parts’s payout ratio is 4.36%.

In other Advance Auto Parts news, SVP William Harrison Carter sold 2,690 shares of the firm’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $152.83, for a total transaction of $411,112.70. Following the sale, the senior vice president now directly owns 17,155 shares of the company’s stock, valued at approximately $2,621,798.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adriana Karaboutis purchased 367 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average cost of $135.28 per share, for a total transaction of $49,647.76. Following the completion of the purchase, the director now directly owns 3,043 shares in the company, valued at $411,657.04. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 369,462 shares of company stock worth $49,617,073. 4.50% of the stock is owned by corporate insiders.

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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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