After finishing at $84.16 in the prior trading day, Advance Auto Parts Inc (NYSE: AAP) closed at $79.26, down -5.82%. In other words, the price has decreased by -$4.90 from its previous closing price. On the day, 2140635 shares were traded.
Ratios:
Our goal is to gain a better understanding of AAP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 104.98. 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 1.76 whereas as Long-Term Debt/Eq ratio is at 1.59.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on March 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $78.
BofA Securities Downgraded its Neutral to Underperform on November 16, 2023, whereas the target price for the stock was revised from $60 to $43.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 27 ’24 when Windom Brent bought 4,700 shares for $85.34 per share. The transaction valued at 401,098 led to the insider holds 10,000 shares of the business.
Word Herman L Jr sold 1,858 shares of AAP for $159,937 on Mar 21 ’24. The EVP, U.S. Stores & CQ Ind. now owns 10,448 shares after completing the transaction at $86.08 per share. On Mar 19 ’24, another insider, Windom Brent, who serves as the Director of the company, bought 2,617 shares for $83.00 each. As a result, the insider paid 217,211 and bolstered with 5,300 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 4.72B and an Enterprise Value of 8.22B. As of this moment, Advance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 107.05, and their Forward P/E ratio for the next fiscal year is 17.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 0.73 whereas that against EBITDA is 19.28.
Stock Price History:
Over the past 52 weeks, AAP has reached a high of $129.90, while it has fallen to a 52-week low of $47.73. The 50-Day Moving Average of the stock is 71.96, while the 200-Day Moving Average is calculated to be 64.08.
Shares Statistics:
The stock has traded on average 1.90M shares per day over the past 3-months and 1.73M shares per day over the last 10 days, according to various share statistics. A total of 59.51M shares are outstanding, with a floating share count of 58.88M. Insiders hold about 1.13% of the company’s shares, while institutions hold 102.08% stake in the company. Shares short for AAP as of Mar 15, 2024 were 5.19M with a Short Ratio of 2.73, compared to 4.85M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.71% and a Short% of Float of 10.08%.
Dividends & Splits
In the trailing 12 months, AAP’s forward annual dividend rate was 2.25, compared to 2.25 this year. Against a Trailing Annual Dividend Yield of 2.67%, it implies a Forward Annual Dividend Yield of 1.19%. The stock’s 5-year Average Dividend Yield is 2.23. The current Payout Ratio is 451.08% 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
Its stock is currently analyzed by 22 different market analysts. On average, analysts expect EPS of $0.75 for the current quarter, with a high estimate of $1.71 and a low estimate of $0.18, while EPS last year was $0.72. The consensus estimate for the next quarter is $1.36, with high estimates of $2.16 and low estimates of $0.91.
Analysts are recommending an EPS of between $5.38 and $2.45 for the fiscal current year, implying an average EPS of $3.79. EPS for the following year is $4.47, with 25 analysts recommending between $5.72 and $2.5.
Revenue Estimates
19 analysts predict $3.43B in revenue for the current quarter. It ranges from a high estimate of $3.47B 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 0.50% from the year-ago figure. For the next quarter, 19 analysts are estimating revenue of $2.7B, an increase of 1.40% over than the figure of $0.50% in the same quarter last year. There is a high estimate of $2.74B for the next quarter, whereas the lowest estimate is $2.65B.
A total of 23 analysts have provided revenue estimates for AAP’s current fiscal year. The highest revenue estimate was $11.51B, while the lowest revenue estimate was $11.21B, resulting in an average revenue estimate of $11.37B. In the same quarter a year ago, actual revenue was $11.29B, up 0.70% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $11.57B in the next fiscal year. The high estimate is $11.81B and the low estimate is $11.27B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
