Advance Auto Parts, Inc. (NYSE:AAP) Director Brent Windom Buys 4,700 Shares

Advance Auto Parts, Inc. (NYSE:AAP) Director Brent Windom bought 4,700 shares of Advance Auto Parts stock in a transaction that occurred on Wednesday, March 27th. The shares were acquired at an average price of $85.34 per share, for a total transaction of $401,098.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $853,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Advance Auto Parts Trading Down 0.3 %

NYSE AAP traded down $0.23 during trading on Thursday, reaching $85.09. 1,458,751 shares of the stock traded hands, compared to its average volume of 1,921,427. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 115.43, a price-to-earnings-growth ratio of 1.52 and a beta of 1.14. The stock’s 50-day moving average price is $70.31 and its 200 day moving average price is $61.16. The company has a quick ratio of 0.29, a current ratio of 1.20 and a debt-to-equity ratio of 0.71. Advance Auto Parts, Inc. has a fifty-two week low of $47.73 and a fifty-two week high of $129.90.

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

Advance Auto Parts Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AAP. Allworth Financial LP boosted its holdings in Advance Auto Parts by 190.0% during the fourth quarter. Allworth Financial LP now owns 406 shares of the company’s stock worth $25,000 after purchasing an additional 266 shares during the last quarter. Dagco Inc. bought a new stake in Advance Auto Parts during the fourth quarter worth $25,000. Clear Street Markets LLC raised its position in Advance Auto Parts by 245.9% during the first quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Principal Securities Inc. bought a new stake in Advance Auto Parts during the fourth quarter worth $27,000. Finally, UniSuper Management Pty Ltd bought a new stake in Advance Auto Parts during the second quarter worth $28,000. Institutional investors and hedge funds own 88.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AAP. William Blair restated a “market perform” rating on shares of Advance Auto Parts in a research note on Wednesday, December 13th. JPMorgan Chase & Co. raised their price target on shares of Advance Auto Parts from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Mizuho began coverage on shares of Advance Auto Parts in a report on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 target price on the stock. Royal Bank of Canada raised their price target on shares of Advance Auto Parts from $47.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. Finally, Truist Financial raised their price target on shares of Advance Auto Parts from $53.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.88.

About Advance Auto Parts

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.