In the latest session, Advance Auto Parts Inc (NYSE: AAP) closed at $85.32 up 1.27% from its previous closing price of $84.25. In other words, the price has increased by $+1.07 from its previous closing price. On the day, 2263261 shares were traded. AAP stock price reached its highest trading level at $85.93 during the session, while it also had its lowest trading level at $84.77.
Ratios:
For a deeper understanding of Advance Auto Parts Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 113.01. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 21 ’24 when Word Herman L Jr sold 1,858 shares for $86.08 per share. The transaction valued at 159,937 led to the insider holds 10,448 shares of the business.
Windom Brent bought 2,617 shares of AAP for $217,211 on Mar 19 ’24. The Director now owns 5,300 shares after completing the transaction at $83.00 per share. On Mar 18 ’24, another insider, Bailo Carla Jean, who serves as the Director of the company, bought 310 shares for $81.19 each. As a result, the insider paid 25,168 and bolstered with 5,789 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 5.08B and an Enterprise Value of 8.58B. As of this moment, Advance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 115.24, and their Forward P/E ratio for the next fiscal year is 19.19. 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 2.02. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is 20.12.
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 70.23, while the 200-Day Moving Average is calculated to be 63.77.
Shares Statistics:
For the past three months, AAP has traded an average of 1.89M shares per day and 2.47M over the past ten days. A total of 59.51M shares are outstanding, with a floating share count of 58.88M. Insiders hold about 1.12% of the company’s shares, while institutions hold 102.10% stake in the company. Shares short for AAP as of Feb 29, 2024 were 5.81M with a Short Ratio of 2.75, 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
According to the company, the forward annual dividend rate for AAP is 2.25, from 2.25 in the trailing year. Against a Trailing Annual Dividend Yield of 2.67%, it implies a Forward Annual Dividend Yield of 1.17%. 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
There are 22 different market analysts currently analyzing its stock. 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 $1.36, 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 $4.56, with 24 analysts recommending between $5.72 and $3.73.
Revenue Estimates
A total of 19 analysts believe the company’s revenue will be $3.43B this 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 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.
