Advance Auto Parts Target of Unusually Large Options Trading (AAP)
Advance Auto Parts Inc (NYSE:AAP) saw unusually large options trading activity on Tuesday. Stock investors purchased 7,581 call options on the stock. This is an increase of approximately Infinity compared to the average daily volume of 0 call options.
Advance Auto Parts (NYSE:AAP) opened at $90.50 on Friday. Advance Auto Parts has a 1 year low of $78.81 and a 1 year high of $177.83. The company has a market cap of $6,767.58, a PE ratio of 16.32, a P/E/G ratio of 1.69 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.29 and a current ratio of 1.52.
Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.18. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm earned $1.73 earnings per share. Advance Auto Parts’s revenue for the quarter was down 3.0% compared to the same quarter last year. analysts anticipate that Advance Auto Parts will post 5.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, December 21st. Advance Auto Parts’s dividend payout ratio is 5.03%.
AAP has been the subject of several research reports. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Advance Auto Parts in a research report on Wednesday, October 4th. Credit Suisse Group set a $100.00 price objective on shares of Advance Auto Parts and gave the stock a “buy” rating in a research report on Wednesday, August 16th. BTIG Research reissued a “sell” rating and set a $75.00 price objective (down previously from $90.00) on shares of Advance Auto Parts in a research report on Wednesday, October 25th. Deutsche Bank AG restated a “buy” rating and set a $139.00 target price (down previously from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. Finally, Citigroup Inc. cut shares of Advance Auto Parts from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $99.00 to $82.00 in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Advance Auto Parts presently has an average rating of “Hold” and a consensus target price of $104.89.
A number of large investors have recently added to or reduced their stakes in AAP. Artisan Partners Limited Partnership increased its position in Advance Auto Parts by 172.5% during the third quarter. Artisan Partners Limited Partnership now owns 2,922,315 shares of the company’s stock worth $289,894,000 after acquiring an additional 1,849,808 shares during the period. BlackRock Inc. increased its position in Advance Auto Parts by 25.6% during the second quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock worth $632,593,000 after acquiring an additional 1,105,519 shares during the period. ACR Alpine Capital Research LLC bought a new position in Advance Auto Parts during the third quarter worth about $91,021,000. Neuberger Berman Group LLC increased its holdings in Advance Auto Parts by 6,616.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock valued at $105,311,000 after buying an additional 889,809 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Advance Auto Parts by 279.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock valued at $133,777,000 after buying an additional 845,130 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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