Advance Auto Parts, Inc. (NYSE:AAP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $47.88.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada dropped their price objective on Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating for the company in a report on Monday, November 11th. The Goldman Sachs Group lowered their target price on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Wells Fargo & Company upped their target price on Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Barclays lowered their target price on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. Finally, UBS Group upped their target price on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, November 15th.

Insider Transactions at Advance Auto Parts

In other news, EVP Tammy M. Finley sold 1,276 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the sale, the executive vice president now owns 24,266 shares in the company, valued at $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Institutional Trading of Advance Auto Parts

Hedge funds have recently modified their holdings of the stock. Eminence Capital LP acquired a new position in shares of Advance Auto Parts during the fourth quarter valued at approximately $87,214,000. Price T Rowe Associates Inc. MD boosted its position in shares of Advance Auto Parts by 34.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,685,541 shares of the company’s stock worth $316,160,000 after buying an additional 1,706,328 shares during the period. Pzena Investment Management LLC boosted its position in shares of Advance Auto Parts by 140.3% during the third quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company’s stock worth $113,409,000 after buying an additional 1,698,155 shares during the period. Cooper Creek Partners Management LLC purchased a new position in shares of Advance Auto Parts during the fourth quarter worth $75,055,000. Finally, Marshall Wace LLP boosted its position in shares of Advance Auto Parts by 2,585.1% during the fourth quarter. Marshall Wace LLP now owns 1,353,912 shares of the company’s stock worth $64,026,000 after buying an additional 1,303,488 shares during the period. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Advance Auto Parts Price Performance

AAP opened at $43.46 on Friday. The business has a fifty day moving average of $46.21 and a 200 day moving average of $44.40. Advance Auto Parts has a 52-week low of $35.59 and a 52-week high of $88.56. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The stock has a market cap of $2.60 billion, a P/E ratio of 59.53, a PEG ratio of 2.02 and a beta of 1.15.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.