Advance Auto Parts, Inc. (NYSE:AAP) Director John C. Brouillard sold 1,745 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $116.08, for a total value of $202,559.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Advance Auto Parts, Inc. (NYSE AAP) traded down $1.47 during trading hours on Monday, hitting $114.85. The company had a trading volume of 1,409,612 shares, compared to its average volume of 1,530,806. The stock has a market cap of $8,600.00, a P/E ratio of 25.43, a P/E/G ratio of 1.49 and a beta of 1.14. The company has a current ratio of 1.56, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. Advance Auto Parts, Inc. has a 1-year low of $78.81 and a 1-year high of $158.69.
Advance Auto Parts (NYSE:AAP) last announced its earnings results on Wednesday, February 21st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.65 by $0.12. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Advance Auto Parts had a return on equity of 12.45% and a net margin of 5.07%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. equities research analysts expect that Advance Auto Parts, Inc. will post 6.74 EPS for the current year.
A number of analysts have issued reports on the company. Zacks Investment Research lowered Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Monday. Credit Suisse Group lifted their price objective on Advance Auto Parts from $100.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday. Barclays reaffirmed an “equal weight” rating and issued a $114.00 price objective (up from $105.00) on shares of Advance Auto Parts in a research note on Thursday. Robert W. Baird reaffirmed a “neutral” rating and issued a $125.00 price objective (up from $100.00) on shares of Advance Auto Parts in a research note on Thursday. Finally, Stephens reaffirmed a “hold” rating and issued a $113.00 price objective (up from $58.00) on shares of Advance Auto Parts in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $112.14.
Several large investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB raised its holdings in shares of Advance Auto Parts by 6.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 13,546 shares of the company’s stock valued at $1,350,000 after buying an additional 774 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Advance Auto Parts by 19.6% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,912 shares of the company’s stock valued at $3,480,000 after buying an additional 5,722 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Advance Auto Parts during the 4th quarter valued at about $2,116,000. We Are One Seven LLC purchased a new stake in shares of Advance Auto Parts during the 4th quarter valued at about $820,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Advance Auto Parts by 55.6% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,200 shares of the company’s stock valued at $419,000 after buying an additional 1,500 shares during the period.
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About Advance Auto Parts
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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