Shares of Advance Auto Parts Inc (NYSE:AAP) hit a new 52-week low on Tuesday . The company traded as low as $79.41 and last traded at $80.71, with a volume of 1173514 shares traded. The stock had previously closed at $81.80.
AAP has been the subject of a number of research analyst reports. Gabelli reaffirmed a “buy” rating on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $130.00 price target on shares of Advance Auto Parts in a research note on Tuesday, September 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $139.00 target price (down from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. UBS AG reiterated a “buy” rating and issued a $118.00 target price (down from $155.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Finally, Barclays PLC upgraded shares of Advance Auto Parts from an “underweight” rating to an “equal weight” rating and set a $90.00 target price on the stock in a report on Monday, August 21st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $116.44.
The firm has a market cap of $5,863.21, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The company has a current ratio of 1.48, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33.
Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.07). The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.90 EPS. analysts expect that Advance Auto Parts Inc will post 5.16 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in AAP. Tobam acquired a new position in Advance Auto Parts in the 2nd quarter valued at approximately $118,000. QS Investors LLC increased its stake in Advance Auto Parts by 0.9% in the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock valued at $119,000 after buying an additional 9 shares during the period. Huntington National Bank increased its stake in Advance Auto Parts by 37.1% in the 2nd quarter. Huntington National Bank now owns 1,046 shares of the company’s stock valued at $122,000 after buying an additional 283 shares during the period. Global X Management Co. LLC increased its stake in Advance Auto Parts by 14.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock valued at $130,000 after buying an additional 139 shares during the period. Finally, IFP Advisors Inc increased its stake in Advance Auto Parts by 57.5% in the 2nd quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock valued at $141,000 after buying an additional 441 shares during the period.
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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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