Media headlines about Advance Auto Parts (NYSE:AAP) have been trending somewhat positive on Friday, AlphaOne Sentiment reports. The research group, a division of Accern, rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Advance Auto Parts earned a news sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also gave press coverage about the company an impact score of 63 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Alpha One Sentiment Analysis’s analysis:
- $2.30 Billion in Sales Expected for Advance Auto Parts Inc (AAP) This Quarter (americanbankingnews.com)
- Advance Auto Parts Inc (AAP) Stake Lowered by Credit Agricole SA (hoyentv.com)
- Advance Auto Parts Target of Unusually Large Options Trading (AAP) (ismboard.com)
- $1.84 Earnings Per Share Expected for Advance Auto Parts Inc (AAP) This Quarter (americanbankingnews.com)
- What Falling Estimates & Price Mean for Advance Auto Parts (AAP) – Nasdaq (nasdaq.com)
A number of research firms have recently weighed in on AAP. BTIG Research reissued a “sell” rating and issued a $120.00 price target on shares of Advance Auto Parts in a report on Wednesday, February 22nd. Wedbush upped their target price on Advance Auto Parts from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Barclays PLC upped their target price on Advance Auto Parts from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, February 22nd. TheStreet lowered Advance Auto Parts from a “b” rating to a “c+” rating in a research note on Monday, March 27th. Finally, Zacks Investment Research lowered Advance Auto Parts from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $163.15.
Advance Auto Parts (NYSE AAP) traded down 0.75% on Friday, hitting $130.16. The company had a trading volume of 1,725,200 shares. The firm’s 50 day moving average price is $138.82 and its 200 day moving average price is $154.83. Advance Auto Parts has a 12-month low of $123.49 and a 12-month high of $177.83. The stock has a market cap of $9.60 billion, a P/E ratio of 23.58 and a beta of 0.80.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Wednesday, May 24th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by $0.60. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.94 billion. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.51 earnings per share. Equities analysts predict that Advance Auto Parts will post $6.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 23rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Wednesday, June 21st. Advance Auto Parts’s dividend payout ratio is currently 4.36%.
In other news, Director Brad W. Buss bought 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average cost of $134.47 per share, with a total value of $161,364.00. Following the completion of the transaction, the director now directly owns 1,928 shares in the company, valued at $259,258.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adriana Karaboutis bought 367 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 3,043 shares of the company’s stock, valued at $411,657.04. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 369,462 shares of company stock worth $49,617,073. 4.50% of the stock is currently owned by company insiders.
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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