Shares of Advance Auto Parts Soar 19% After Topping Earnings Estimates

Lloyd Doyle
November 14, 2017

Advance Auto Parts Inc now has $6.08 billion valuation. Tocqueville Asset Management L.P. owned approximately 0.08% of Advance Auto Parts worth $6,077,000 as of its most recent SEC filing.

Several brokerages have recently commented on AAP. The number of shares now owned by investors are 73.85 mln. LLC boosted its position in shares of Advance Auto Parts by 14.3% in the second quarter. During the same quarter in the previous year, the firm earned $1.73 EPS. The volume of AAP witnessed a shift from 3.89 million shares, based on a 50-day average, to 2.25 million shares.

Dimensional Fund Advisors Lp expanded its stake by buying 39,315 shares an increase of 10.7% as of 09/30/2017.

Shares of Advance Auto Parts, Inc. are presently 23.83% off the 52 week low.

Advance Auto Parts has a dividend payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings. RBC Capital Markets maintained the shares of AAP in report on Thursday, September 8 with "Outperform" rating. Similarly, the company's Director Buss Brad W on 2017-05-31 Buy 1200 shares of the company at a price of $134.47.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Goldman Sachs Group, Inc. (The) restated a "buy" rating and set a $114.00 price objective (down previously from $133.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. AAP's earnings growth the past couple of years was 24.98% which indicates that the company's past performance is supportive of a strong continuation. (NYSE:AAP) is 0.043766. This number is calculated by dividing net income after tax by the company's total assets. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 0.29.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.6 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Tuesday, November 14th. But despite falling short on revenue estimates the auto parts retailer generated adjusted earnings of $1.43 per share, which was far better than analysts' consensus estimate of $1.20 per share. Mitsubishi Ufj Tru & Corporation invested 0.03% of its portfolio in Advance Auto Parts, Inc.

18 analysts on average are expecting the company to report revenue of $2.03 Billion for the current quarter. (NYSE:AAP), stock is trading $177.83 above the 52-week high and has displayed a high EPS growth of 3.90% in last 5 years. Weekly performance analysis shows the equity at 1.95%.Covering Sell-Side analysts have offered recommendations and price target estimates on Advance Auto Parts, Inc.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a dividend of 0.06 per share on Friday, January 5th.

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