Advance Auto Parts Inc (NYSE:AAP)’s traded shares stood at 5.54 million during the latest session, with the company’s beta value hitting 1.22. At the last check today, the stock’s price was $53.26, to imply a decrease of -13.98% or -$8.66 in intraday trading. The AAP share’s 52-week high remains $88.56, putting it -66.28% down since that peak but still an impressive 10.38% since price per share fell to its 52-week low of $47.73. The company has a valuation of $3.18B, with an average of 1.14 million shares in intraday trading volume over the past 10 days and average of 1.49 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Advance Auto Parts Inc (AAP), translating to a mean rating of 3.17. Of 13 analyst(s) looking at the stock, 0 analyst(s) give AAP a Sell rating. 0 of those analysts rate the stock as Overweight while 10 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.94.
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Advance Auto Parts Inc (NYSE:AAP) trade information
After registering a -13.98% downside in the latest session, Advance Auto Parts Inc (AAP) has traded red over the past five days. The 5-day price performance for the stock is -14.63%, and -9.63% over 30 days. With these gigs, the year-to-date price performance is -12.73%. Short interest in Advance Auto Parts Inc (NYSE:AAP) saw shorts transact 7.23 million shares and set a 5.43 days time to cover.
The extremes give us $55 and $282 for target low and target high price respectively. As such, AAP has been trading -429.48% off suggested target high and -3.27% from its likely low.
Advance Auto Parts Inc (AAP) estimates and forecasts
Looking at statistics comparing Advance Auto Parts Inc share performance against respective industry, we note that the company has outperformed competitors. Advance Auto Parts Inc (AAP) shares are -12.24% down over the last 6 months, with its year-to-date growth rate higher than industry average at 624.00% against 5.10%. Revenue is forecast to shrink -34.70% this quarter before jumping 253.70% for the next one.
Revenue forecast for the current quarter as set by 20 analysts is 2.67B. Meanwhile, for the current quarter, a total of 20 analyst(s) estimate revenue growth to 2.72B.Earnings reports from the last fiscal year show that sales brought in 2.66B and 2.72B respectively in the corresponding quarters.
AAP Dividends
Advance Auto Parts Inc has its next earnings report out on 2024-Aug-22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Advance Auto Parts Inc has a forward dividend ratio of 1.00, with the share yield ticking at 1.88% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.32%.
Advance Auto Parts Inc (NYSE:AAP)’s Major holders
Advance Auto Parts Inc insiders hold 1.11% of total outstanding shares, with institutional holders owning 110.45% of the shares at 111.68% float percentage. In total, 110.45% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 7.43 million shares (or 12.4813% of shares), all amounting to roughly $470.77 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 6.73 million shares, or about 11.3065% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $426.46 million.
We also have iShares Core S&P Smallcap ETF and Price (T.Rowe) Mid-Cap Value Fund as the top two Mutual Funds with the largest holdings of the Advance Auto Parts Inc (AAP) shares. Going by data provided on Jun 30, 2024 , iShares Core S&P Smallcap ETF holds roughly 3.86 shares. This is just over 6.48% of the total shares, with a market valuation of $201.26 million. Data from the same date shows that the other fund manager holds a little less at 2.26, or 3.80% of the shares, all valued at about 117.93 million.
