After finishing at $75.77 in the prior trading day, Advance Auto Parts Inc (NYSE: AAP) closed at $78.48, up 3.58%. In other words, the price has increased by $+2.71 from its previous closing price. On the day, 4520556 shares were traded.
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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 9.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 106.98. 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 1.59 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:
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 Dec 08 ’23 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 ’23. The EVP, Chief HR Officer now owns 12,197 shares after completing the transaction at $52.87 per share. On Sep 13 ’23, 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 4.67B and an Enterprise Value of 8.17B. As of this moment, Advance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 106.00, and their Forward P/E ratio for the next fiscal year is 17.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 0.72 whereas that against EBITDA is 19.16.
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 65.34, while the 200-Day Moving Average is calculated to be 63.52.
Shares Statistics:
The stock has traded on average 1.73M shares per day over the past 3-months and 3.04M shares per day over the last 10 days, according to various share statistics. 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 102.18% stake in the company. Shares short for AAP as of Feb 29, 2024 were 5.81M with a Short Ratio of 3.36, 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
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 2.97%, it implies a Forward Annual Dividend Yield of 1.27%. 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
Its stock is currently analyzed by 21 different market analysts. 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
18 analysts predict $3.44B 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, 18 analysts are estimating revenue of $2.7B, an increase of 1.50% 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 21 analysts have provided revenue estimates for AAP’s current fiscal year. The highest revenue estimate was $11.51B, while the lowest revenue estimate was $11.32B, 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 21 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 $11.43B. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.
