Advance Auto Parts, Inc. (NYSE:AAP) Director Purchases $401,098.00 in Stock

Advance Auto Parts, Inc. (NYSE:AAP) Director Brent Windom purchased 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average price of $85.34 per share, with a total value of $401,098.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $853,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Advance Auto Parts Price Performance

NYSE AAP traded down $0.23 on Thursday, hitting $85.09. 1,458,751 shares of the company were exchanged, compared to its average volume of 1,921,427. The firm has a 50 day moving average of $70.31 and a two-hundred day moving average of $61.16. The company has a market cap of $5.07 billion, a P/E ratio of 115.43, a P/E/G ratio of 1.52 and a beta of 1.14. The company has a current ratio of 1.20, a quick ratio of 0.29 and a debt-to-equity ratio of 0.71. Advance Auto Parts, Inc. has a 1-year low of $47.73 and a 1-year high of $129.90.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.83). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. Advance Auto Parts had a return on equity of 1.68% and a net margin of 0.39%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $2.88 EPS. On average, equities analysts predict that Advance Auto Parts, Inc. will post 3.95 EPS for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. Advance Auto Parts’s payout ratio is presently 135.14%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AAP shares. William Blair reiterated a “market perform” rating on shares of Advance Auto Parts in a research note on Wednesday, December 13th. JPMorgan Chase & Co. lifted their price target on shares of Advance Auto Parts from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Mizuho initiated coverage on shares of Advance Auto Parts in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 price target on the stock. Evercore ISI lifted their price target on shares of Advance Auto Parts from $74.00 to $83.00 and gave the company an “in-line” rating in a research report on Tuesday. Finally, TheStreet raised shares of Advance Auto Parts from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $69.88.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its stake in shares of Advance Auto Parts by 190.0% in the 4th quarter. Allworth Financial LP now owns 406 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares during the last quarter. Dagco Inc. bought a new stake in shares of Advance Auto Parts in the 4th quarter valued at about $25,000. Clear Street Markets LLC increased its stake in shares of Advance Auto Parts by 245.9% in the 1st quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Advance Auto Parts in the 4th quarter valued at about $27,000. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Advance Auto Parts in the 2nd quarter valued at about $28,000. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.