Advance Auto Parts Inc (NYSE:AAP)‘s stock had its “hold” rating reiterated by analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Tuesday.

AAP has been the subject of several other research reports. Royal Bank Of Canada dropped their price target on shares of Advance Auto Parts from $153.00 to $125.00 and set a “sector perform” rating for the company in a research note on Thursday, July 6th. Wedbush reissued an “outperform” rating on shares of Advance Auto Parts in a research note on Thursday, July 6th. UBS AG reissued a “buy” rating and issued a $170.00 price target (down previously from $180.00) on shares of Advance Auto Parts in a research note on Thursday, May 25th. Morgan Stanley reissued an “overweight” rating and issued a $125.00 price target (down previously from $160.00) on shares of Advance Auto Parts in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Advance Auto Parts currently has a consensus rating of “Hold” and a consensus target price of $149.06.

Shares of Advance Auto Parts (AAP) traded down 19.85% on Tuesday, hitting $87.62. The company’s stock had a trading volume of 16,399,017 shares. The stock has a 50-day moving average price of $108.27 and a 200 day moving average price of $136.98. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 15.87 and a beta of 0.87. Advance Auto Parts has a one year low of $82.21 and a one year high of $177.83. Advance Auto Parts also was the target of some unusual options trading activity on Monday. Traders acquired 13,082 call options on the stock. This is an increase of approximately 943% compared to the typical volume of 1,254 call options.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.65 by $0.07. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the company earned $1.90 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts predict that Advance Auto Parts will post $6.36 EPS for the current year.

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In other news, Director Eugene I. Lee, Jr. acquired 1,895 shares of Advance Auto Parts stock in a transaction dated Friday, May 26th. The shares were acquired at an average cost of $132.18 per share, for a total transaction of $250,481.10. Following the acquisition, the director now owns 4,398 shares of the company’s stock, valued at $581,327.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Greco acquired 16,000 shares of Advance Auto Parts stock in a transaction dated Friday, May 26th. The stock was purchased at an average price of $134.63 per share, for a total transaction of $2,154,080.00. Following the completion of the acquisition, the insider now directly owns 111,030 shares in the company, valued at approximately $14,947,968.90. The disclosure for this purchase can be found here. Insiders acquired a total of 369,462 shares of company stock valued at $49,617,073 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in AAP. Community Trust & Investment Company raised its stake in shares of Advance Auto Parts by 63.2% in the fourth quarter. Community Trust & Investment Company now owns 87,566 shares of the company’s stock worth $13,180,000 after buying an additional 33,923 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft purchased a new stake in shares of Advance Auto Parts during the third quarter worth $8,613,000. Pensionfund DSM Netherlands purchased a new stake in shares of Advance Auto Parts during the fourth quarter worth $2,408,000. Verde Servico Internacionais purchased a new stake in shares of Advance Auto Parts during the fourth quarter worth $29,780,000. Finally, ING Groep NV raised its stake in shares of Advance Auto Parts by 31.3% in the fourth quarter. ING Groep NV now owns 6,135 shares of the company’s stock worth $1,045,000 after buying an additional 1,463 shares during the last quarter.

Advance Auto Parts Company Profile

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.

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

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