Advance Auto Parts Inc Add to portfolio

Adams Diversified Equity Fund Inc. cut its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. Finally, Credit Suisse Group lowered their target price on shares of Advance Auto Parts from $195.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.48 and a beta of 0.87. During the same period last year, the business earned $1.97 earnings per share. As a group, analysts anticipate that Advance Auto Parts, Inc. will post 7.98 EPS for the current fiscal year.

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New Mexico Educational Retirement Board reported 6,100 shares or 0.04% of all its holdings. Norinchukin State Bank The reported 13,604 shares. Service Corp accumulated 0% or 130 shares. Northcoast Asset Management Ltd Limited Liability Company has invested 0.4% in Advance Auto Parts, Inc. (NYSE:AAP). Allen Investment Management Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $9.81 billion market cap company. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Seekingalpha.com and their article: “Advance Auto Parts launches new Speed Perks rewards program – Seeking Alpha” published on July 29, 2019 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Acorda, Activision, Bloom Energy, Care.com, CBS, Deere, Ferrari and More – 24/7 Wall St.” with publication date: August 14, 2019.

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Advance Auto Parts, Inc. (NYSE:AAP) was the target of unusually large options trading activity on Monday. Finally, Credit Suisse Group reduced their price objective on shares of Advance Auto Parts from $195.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, analysts expect that Advance Auto Parts will post 7.98 earnings per share for the current year.

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Advance Auto Parts, Inc. (NYSE:AAP) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 4,178,800 shares, an increase of 23.6% from the June 30th total of 3,380,500 shares. Advance Auto Parts has a 1-year low of $130.09 and a 1-year high of $186.15. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.48 and a beta of 0.87. Finally, Credit Suisse Group cut their target price on Advance Auto Parts from $195.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th.

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Braun Stacey Associates Inc. lessened its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 79.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advance Auto Parts in a research note on Thursday, July 11th. Northcoast Research reissued a “neutral” rating on shares of Advance Auto Parts in a research note on Thursday, June 27th. The company has a market capitalization of $9.75 billion, a P/E ratio of 18.16, a PEG ratio of 1.48 and a beta of 0.87. During the same period in the previous year, the business posted $1.97 EPS. As a group, sell-side analysts forecast that Advance Auto Parts, Inc. will post 7.98 earnings per share for the current fiscal year.

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According to Zacks, analysts expect that Advance Auto Parts will report full year sales of $9.75 billion for the current financial year, with estimates ranging from $9.70 billion to $9.80 billion. For the next year, analysts forecast that the business will report sales of $10.01 billion, with estimates ranging from $9.81 billion to $10.17 billion. Advance Auto Parts had a net margin of 4.45% and a return on equity of 15.23%. William Blair reissued an “outperform” rating on shares of Advance Auto Parts in a research note on Wednesday, May 22nd. Northcoast Research reissued a “neutral” rating on shares of Advance Auto Parts in a research note on Thursday, June 27th. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.52 and a beta of 0.87.

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68.39 million shares or 4.87% less from 71.89 million shares in 2018Q4 were reported. Scopus Asset Mgmt Ltd Partnership holds 1.5% in Advance Auto Parts, Inc. (NYSE:AAP) or 300,000 shares. Advance Auto Parts, Inc. (NYSE:AAP) has risen 7.08% since August 19, 2018 and is uptrending. More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Investorplace.com which released: “3 Big Stock Charts for Monday: Activision Blizzard, Viacom and Advance Auto Parts – Investorplace.com” on July 29, 2019, also Seekingalpha.com with their article: “Advance Auto Parts launches new Speed Perks rewards program – Seeking Alpha” published on July 29, 2019, Investorplace.com published: “The Massive Growth in AAP Stock Could Stall Out – Investorplace.com” on November 08, 2018.

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68.39 million shares or 4.87% less from 71.89 million shares in 2018Q4 were reported. The institutional investor held 81,900 shares of the other specialty stores company at the end of 2019Q1, valued at $13.97 million, down from 109,300 at the end of the previous reported quarter. Adams Express Company who had been investing in Advance Auto Parts Inc. for a number of months, seems to be less bullish one the $9.75 billion market cap company. More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Finance.Yahoo.com which released: “See what the IHS Markit Score report has to say about Advance Auto Parts Inc. – Yahoo Finance” on June 10, 2019, also Investorplace.com with their article: “Advance Auto Parts Earnings: AAP Stock Revs Up on Q1 Beat – Investorplace.com” published on May 22, 2019, Benzinga.com published: “Stocks That Hit 52-Week Lows On Wednesday – Benzinga” on August 14, 2019.

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First Hawaiian Bank increased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Geode Capital Management LLC now owns 994,692 shares of the company’s stock worth $156,363,000 after buying an additional 124,055 shares during the last quarter. Finally, Credit Suisse Group reduced their price objective on Advance Auto Parts from $195.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday. Advance Auto Parts, Inc. has a 1-year low of $130.09 and a 1-year high of $186.15.

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68.39 million shares or 4.87% less from 71.89 million shares in 2018Q4 were reported. The hedge fund held 437,357 shares of the other specialty stores company at the end of 2019Q1, valued at $74.58M, down from 1.13 million at the end of the previous reported quarter. Millennium Management Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be less bullish one the $9.75 billion market cap company. More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Seekingalpha.com which released: “Advance Auto Parts raised FY2018 guidance – Seeking Alpha” on November 13, 2018, also Seekingalpha.com with their article: “Advance Auto Parts Is Compelling – Seeking Alpha” published on July 08, 2019, Streetinsider.com published: “Pre-Open Movers 08/13: (DCPH) (ABDC) (AVYA) Higher; (CVET) (BE) (AAP) (more…) – StreetInsider.com” on August 13, 2019.

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