Advance Auto Parts, Inc. (NYSE:AAP) EVP Sells $56,220.56 in Stock

Advance Auto Parts, Inc. (NYSE:AAP) EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the sale, the executive vice president now directly owns 24,266 shares in the company, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Advance Auto Parts Trading Up 3.1 %

Shares of Advance Auto Parts stock traded up $1.36 during midday trading on Friday, reaching $44.97. 2,192,255 shares of the company’s stock traded hands, compared to its average volume of 2,079,525. The stock has a 50 day moving average of $39.44 and a 200-day moving average of $51.18. Advance Auto Parts, Inc. has a 12 month low of $35.59 and a 12 month high of $88.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The company has a market cap of $2.69 billion, a PE ratio of 61.62 and a beta of 1.21.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.53). Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company earned ($0.82) earnings per share. Advance Auto Parts’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities analysts expect that Advance Auto Parts, Inc. will post -0.51 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. Advance Auto Parts’s dividend payout ratio (DPR) is 136.99%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AAP. DA Davidson reiterated a “neutral” rating and set a $45.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. JPMorgan Chase & Co. reduced their target price on Advance Auto Parts from $68.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Roth Mkm reaffirmed a “neutral” rating and set a $40.00 price target on shares of Advance Auto Parts in a research note on Wednesday, October 16th. Roth Capital raised Advance Auto Parts to a “hold” rating in a report on Tuesday, October 15th. Finally, Truist Financial reduced their price target on shares of Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Advance Auto Parts currently has a consensus rating of “Hold” and a consensus target price of $48.64.

Institutional Trading of Advance Auto Parts

A number of hedge funds have recently modified their holdings of AAP. Mather Group LLC. increased its stake in shares of Advance Auto Parts by 1,241.7% in the 2nd quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $41,000 after acquiring an additional 596 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Advance Auto Parts in the second quarter worth about $41,000. Blue Trust Inc. increased its stake in shares of Advance Auto Parts by 56.7% during the third quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after purchasing an additional 436 shares in the last quarter. AM Squared Ltd purchased a new position in shares of Advance Auto Parts during the second quarter valued at approximately $63,000. Finally, KBC Group NV boosted its position in shares of Advance Auto Parts by 29.1% in the 3rd quarter. KBC Group NV now owns 1,749 shares of the company’s stock worth $68,000 after purchasing an additional 394 shares in the last quarter. Institutional investors own 88.75% of the company’s stock.

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.