Advance Auto Parts, Inc. (NYSE:AAP) insider Thomas Greco purchased 8,640 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were purchased at an average cost of $115.77 per share, with a total value of $1,000,252.80. Following the completion of the acquisition, the insider now directly owns 135,081 shares of the company’s stock, valued at $15,638,327.37. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of AAP stock traded down $0.87 on Friday, reaching $110.84. 1,085,896 shares of the company’s stock traded hands, compared to its average volume of 1,134,925. The company has a quick ratio of 0.36, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. Advance Auto Parts, Inc. has a one year low of $78.81 and a one year high of $151.72. The firm has a market capitalization of $8,264.10, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.35 and a beta of 1.12.
Advance Auto Parts (NYSE:AAP) last issued its earnings results on Wednesday, February 21st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.12. Advance Auto Parts had a net margin of 5.07% and a return on equity of 12.45%. 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 business posted $1.00 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. sell-side analysts predict that Advance Auto Parts, Inc. will post 6.71 EPS for the current fiscal year.
AAP has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Advance Auto Parts from $110.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Argus reissued a “buy” rating and set a $114.00 price target (down from $135.00) on shares of Advance Auto Parts in a report on Thursday, February 22nd. Morgan Stanley set a $120.00 price target on shares of Advance Auto Parts and gave the stock a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Tuesday, January 16th. Finally, Stephens reissued a “hold” rating and set a $113.00 price target (up from $58.00) on shares of Advance Auto Parts in a report on Thursday, February 22nd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $112.14.
Several hedge funds have recently added to or reduced their stakes in AAP. Balentine LLC acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at approximately $100,000. Assetmark Inc. grew its position in shares of Advance Auto Parts by 71.6% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the company’s stock valued at $148,000 after purchasing an additional 621 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of Advance Auto Parts in the third quarter valued at approximately $201,000. IFM Investors Pty Ltd acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at approximately $207,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at approximately $207,000.
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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