Advance Auto Parts, Inc. (NYSE:AAP) – Research analysts at Jefferies Group dropped their Q1 2018 earnings per share (EPS) estimates for shares of Advance Auto Parts in a report issued on Tuesday. Jefferies Group analyst B. Jordan now expects that the company will earn $2.84 per share for the quarter, down from their previous forecast of $2.89.

AAP has been the subject of several other reports. Deutsche Bank AG increased their price objective on Advance Auto Parts from $185.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 18th. Bank of America Corp lowered Advance Auto Parts from a “buy” rating to a “neutral” rating in a research note on Friday, January 13th. BTIG Research reiterated a “sell” rating and set a $120.00 price objective on shares of Advance Auto Parts in a research note on Wednesday, February 22nd. Guggenheim initiated coverage on Advance Auto Parts in a research note on Wednesday, January 18th. They set a “neutral” rating for the company. Finally, TheStreet lowered Advance Auto Parts from a “b” rating to a “c+” rating in a research note on Monday, March 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $171.97.

Earnings History and Estimates for Advance Auto Parts (NYSE:AAP)

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Shares of Advance Auto Parts (NYSE:AAP) traded down 0.01% during mid-day trading on Friday, hitting $146.55. 569,940 shares of the company were exchanged. The stock has a market cap of $10.78 billion, a PE ratio of 23.64 and a beta of 1.10. Advance Auto Parts has a 12-month low of $132.98 and a 12-month high of $177.83. The stock’s 50-day moving average price is $148.68 and its 200 day moving average price is $157.41.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, February 21st. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by $0.09. The company earned $2.08 billion during the quarter, compared to the consensus estimate of $2 billion. Advance Auto Parts had a return on equity of 20.42% and a net margin of 4.75%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS.

A number of hedge funds have recently made changes to their positions in the company. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund raised its stake in shares of Advance Auto Parts by 34.9% in the third quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 10,797 shares of the company’s stock worth $1,610,000 after buying an additional 2,796 shares during the last quarter. Edmp Inc. raised its stake in shares of Advance Auto Parts by 1.1% in the third quarter. Edmp Inc. now owns 1,473 shares of the company’s stock worth $220,000 after buying an additional 16 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Advance Auto Parts by 1.3% in the third quarter. Great West Life Assurance Co. Can now owns 51,810 shares of the company’s stock worth $7,718,000 after buying an additional 667 shares during the last quarter. Bright Rock Capital Management LLC raised its stake in shares of Advance Auto Parts by 11.7% in the third quarter. Bright Rock Capital Management LLC now owns 28,000 shares of the company’s stock worth $4,175,000 after buying an additional 2,925 shares during the last quarter. Finally, Rockland Trust Co. raised its stake in shares of Advance Auto Parts by 4.6% in the third quarter. Rockland Trust Co. now owns 45,325 shares of the company’s stock worth $6,759,000 after buying an additional 1,999 shares during the last quarter. Hedge funds and other institutional investors own 98.67% of the company’s stock.

In other news, insider Thomas Greco acquired 6,500 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was purchased at an average cost of $154.29 per share, for a total transaction of $1,002,885.00. Following the completion of the transaction, the insider now directly owns 107,936 shares in the company, valued at $16,653,445.44. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Charles E. Tyson sold 18,944 shares of Advance Auto Parts stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $153.46, for a total value of $2,907,146.24. Following the completion of the sale, the executive vice president now owns 21,948 shares of the company’s stock, valued at $3,368,140.08. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 7th. Stockholders of record on Friday, March 24th were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 3.94%.

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.

5 Day Chart for NYSE:AAP

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