The price of Advance Auto Parts Inc (NYSE: AAP) closed at $84.84 in the last session, up 1.20% from day before closing price of $83.83. In other words, the price has increased by $+1.01 from its previous closing price. On the day, 1488074 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 10.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 112.37. 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:
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 Mar 18 ’24 when Bailo Carla Jean bought 310 shares for $81.19 per share. The transaction valued at 25,168 led to the insider holds 5,789 shares of the business.
Windom Brent bought 2,683 shares of AAP for $216,173 on Mar 15 ’24. The Director now owns 2,683 shares after completing the transaction at $80.57 per share. On Dec 08 ’23, another insider, Soler Kristen L, who serves as the EVP, Chief HR Officer of the company, bought 500 shares for $55.60 each. As a result, the insider paid 27,800 and bolstered with 12,697 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 5.05B and an Enterprise Value of 8.55B. As of this moment, Advance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 114.59, and their Forward P/E ratio for the next fiscal year is 19.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is 20.06.
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 67.86, while the 200-Day Moving Average is calculated to be 63.27.
Shares Statistics:
According to the various share statistics, AAP traded on average about 1.84M shares per day over the past 3-months and 2.97M shares per day over the past 10 days. A total of 59.51M shares are outstanding, with a floating share count of 58.92M. Insiders hold about 1.06% of the company’s shares, while institutions hold 102.12% stake in the company. Shares short for AAP as of Feb 29, 2024 were 5.81M with a Short Ratio of 3.16, compared to 4.66M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.76% and a Short% of Float of 11.30%.
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 2.68%, it implies a Forward Annual Dividend Yield of 1.18%. The stock’s 5-year Average Dividend Yield is 2.19. 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
The company has 21 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.77 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 $1.38, with high estimates of $2.16 and low estimates of $0.88.
Analysts are recommending an EPS of between $5.38 and $3.04 for the fiscal current year, implying an average EPS of $3.85. EPS for the following year is $4.54, with 23 analysts recommending between $5.72 and $3.73.
Revenue Estimates
According to 19 analysts, the current quarter’s revenue is expected to be $3.43B. 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 22 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 $11.36B. In the same quarter a year ago, actual revenue was $11.29B, up 0.70% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $11.56B 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.
