News articles about Advance Auto Parts (NYSE:AAP) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Advance Auto Parts earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the company an impact score of 63 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Retail rockets as Target boosts outlook (finance.yahoo.com)
- Quarterly Financial Update for Advance Auto Parts Inc (NYSE:AAP) (nolopodrasdejardever.com)
- Advance Auto Parts, Inc. (AAP) shares to see major resistance at $101.66 (ismboard.com)
- Advance Auto Parts Inc Advance (NYSE:AAP) Sees Significantly Higher Trading Volume – Highlight Press (highlightpress.com)
- BidaskClub Downgrades Advance Auto Parts Inc (NYSE:AAP) to Strong Sell – Newburgh Gazette (newburghgazette.com)
Advance Auto Parts (AAP) opened at 102.04 on Friday. The stock has a market capitalization of $7.53 billion, a PE ratio of 18.49 and a beta of 0.88. Advance Auto Parts has a 1-year low of $101.63 and a 1-year high of $177.83. The company’s 50 day moving average is $132.91 and its 200-day moving average is $151.47.
Advance Auto Parts (NYSE:AAP) last announced its earnings results on Wednesday, May 24th. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by $0.60. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Advance Auto Parts had a return on equity of 16.02% and a net margin of 4.31%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $2.51 EPS. Analysts forecast that Advance Auto Parts will post $6.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 23rd were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.24%. The ex-dividend date was Wednesday, June 21st. Advance Auto Parts’s dividend payout ratio (DPR) is presently 4.36%.
AAP has been the topic of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $160.00 price target (down from $185.00) on shares of Advance Auto Parts in a report on Sunday, May 28th. BidaskClub cut shares of Advance Auto Parts from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Citigroup Inc. dropped their price objective on shares of Advance Auto Parts from $177.00 to $168.00 and set a “neutral” rating for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada dropped their price objective on shares of Advance Auto Parts from $168.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, May 25th. Finally, Cleveland Research cut shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Advance Auto Parts currently has a consensus rating of “Hold” and an average target price of $152.29.
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In related news, Director Eugene I. Lee, Jr. bought 1,895 shares of the stock in a transaction on Friday, May 26th. The stock was bought at an average price of $132.18 per share, with a total value of $250,481.10. Following the completion of the purchase, the director now directly owns 4,398 shares in the company, valued at approximately $581,327.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey C. Smith bought 350,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $134.29 per share, with a total value of $47,001,500.00. Following the purchase, the director now owns 1,273 shares of the company’s stock, valued at $170,951.17. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 369,462 shares of company stock valued at $49,617,073. 4.50% of the stock is currently owned by insiders.
About Advance Auto Parts
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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