Advance Auto Parts, Inc. (NYSE:AAP) – Stock analysts at Jefferies Group boosted their Q1 2018 earnings estimates for Advance Auto Parts in a research report issued to clients and investors on Wednesday. Jefferies Group analyst B. Jordan now forecasts that the company will post earnings of $2.06 per share for the quarter, up from their previous estimate of $2.04. Jefferies Group has a “Buy” rating and a $130.00 price objective on the stock. Jefferies Group also issued estimates for Advance Auto Parts’ Q2 2018 earnings at $1.84 EPS, Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $7.08 EPS, Q1 2019 earnings at $2.82 EPS, Q4 2019 earnings at $1.99 EPS and FY2019 earnings at $9.20 EPS.
Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.12. Advance Auto Parts had a return on equity of 12.45% and a net margin of 5.07%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $1.00 EPS. The company’s revenue was down 2.2% compared to the same quarter last year.
Shares of Advance Auto Parts (NYSE:AAP) opened at $114.85 on Monday. Advance Auto Parts has a 12 month low of $78.81 and a 12 month high of $158.69. The firm has a market capitalization of $8,605.13, a P/E ratio of 17.89, a PEG ratio of 1.49 and a beta of 1.14. The company has a quick ratio of 0.36, a current ratio of 1.56 and a debt-to-equity ratio of 0.31.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be given a $0.06 dividend. The ex-dividend date is Thursday, March 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.21%. Advance Auto Parts’s payout ratio is 3.74%.
In other Advance Auto Parts news, Director John C. Brouillard sold 1,745 shares of the stock in a transaction on 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 SEC, which can be accessed through this hyperlink. 4.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB boosted its position in Advance Auto Parts by 6.1% in 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 last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Advance Auto Parts by 19.6% in 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 last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at $2,116,000. We Are One Seven LLC acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at $820,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Advance Auto Parts by 55.6% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,200 shares of the company’s stock valued at $419,000 after purchasing an additional 1,500 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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