The price of Advance Auto Parts Inc (NYSE: AAP) closed at $69.26 in the last session, up 2.55% from day before closing price of $67.54. In other words, the price has increased by $+1.72 from its previous closing price. On the day, 1935818 shares were traded.
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Ratios:
We take a closer look at AAP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 94.41. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 1.59 whereas as Long-Term Debt/Eq ratio is at 1.59.
On November 16, 2023, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $60 to $43.
On October 10, 2023, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $55.TD Cowen initiated its Market Perform rating on October 10, 2023, with a $55 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 08 when Soler Kristen L bought 500 shares for $55.60 per share. The transaction valued at 27,800 led to the insider holds 12,697 shares of the business.
Soler Kristen L bought 1,000 shares of AAP for $52,868 on Dec 05. The EVP, Chief HR Officer now owns 12,197 shares after completing the transaction at $52.87 per share. On Sep 13, another insider, LEE EUGENE I JR, who serves as the Director of the company, bought 8,670 shares for $57.65 each. As a result, the insider paid 499,818 and bolstered with 19,430 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AAP now has a Market Capitalization of 4.12B and an Enterprise Value of 7.62B. As of this moment, Advance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 93.54, and their Forward P/E ratio for the next fiscal year is 15.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 0.68 whereas that against EBITDA is 17.87.
Stock Price History:
Over the past 52 weeks, AAP has reached a high of $143.96, while it has fallen to a 52-week low of $47.73. The 50-Day Moving Average of the stock is 63.56, while the 200-Day Moving Average is calculated to be 65.09.
Shares Statistics:
According to the various share statistics, AAP traded on average about 1.75M shares per day over the past 3-months and 2.58M shares per day over the past 10 days. A total of 59.26M shares are outstanding, with a floating share count of 58.87M. Insiders hold about 1.06% of the company’s shares, while institutions hold 101.64% stake in the company. Shares short for AAP as of Feb 15, 2024 were 4.85M with a Short Ratio of 2.76, compared to 5.8M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.14% and a Short% of Float of 9.42%.
Dividends & Splits
The forward annual dividend rate for AAP is 2.25, which was 2.25 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.33%, it implies a Forward Annual Dividend Yield of 1.44%. The stock’s 5-year Average Dividend Yield is 2.19. The current Payout Ratio is 450.00% for AAP, which recently paid a dividend on Apr 26, 2024 with an ex-dividend date of Apr 11, 2024. Stock splits for the company last occurred on Sep 26, 2005 when the company split stock in a 3:2 ratio.
Earnings Estimates
The company has 22 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $1.39 and a low estimate of -$0.31, while EPS last year was $0.72. The consensus estimate for the next quarter is $1.3, with high estimates of $1.79 and low estimates of $0.88.
Analysts are recommending an EPS of between $5.38 and $2.39 for the fiscal current year, implying an average EPS of $3.67. EPS for the following year is $4.56, with 22 analysts recommending between $9.39 and $2.5.
Revenue Estimates
According to 19 analysts, the current quarter’s revenue is expected to be $3.45B. It ranges from a high estimate of $3.49B to a low estimate of $3.39B. As of the current estimate, Advance Auto Parts Inc’s year-ago sales were $3.42B, an estimated increase of 0.90% from the year-ago figure. For the next quarter, 19 analysts are estimating revenue of $2.71B, an increase of 1.90% over than the figure of $0.90% in the same quarter last year. There is a high estimate of $2.75B for the next quarter, whereas the lowest estimate is $2.65B.
A total of 24 analysts have provided revenue estimates for AAP’s current fiscal year. The highest revenue estimate was $11.54B, while the lowest revenue estimate was $11.32B, resulting in an average revenue estimate of $11.4B. In the same quarter a year ago, actual revenue was $11.29B, up 1.00% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $11.62B in the next fiscal year. The high estimate is $12.05B and the low estimate is $11.43B. The average revenue growth estimate for next year is up 1.90% from the average revenue estimate for this year.
