Advance Auto Parts Inc (NYSE: AAP) is -32.49% lower on its value in year-to-date trading and has touched a low of $35.59 and a high of $88.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AAP stock was last observed hovering at around $40.94 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $41.20, the stock is 7.55% and 5.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.34 million and changing 0.64% at the moment leaves the stock -31.62% off its SMA200. AAP registered -29.45% loss for a year compared to 6-month loss of -44.29%. The firm has a 50-day simple moving average (SMA 50) of $39.0656 and a 200-day simple moving average (SMA200) of $60.25155.
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The stock witnessed a 6.68% gain in the last 1 month and extending the period to 3 months gives it a -33.75%, and is 5.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.46% over the week and 3.89% over the month.
Advance Auto Parts Inc (AAP) has around 69000 employees, a market worth around $2.46B and $11.27B in sales. Current P/E ratio is 3551.72 and Fwd P/E is 16.08. Profit margin for the company is 0.01%. Distance from 52-week low is 15.76% and -53.48% from its 52-week high. The company has generated returns on investments over the last 12 months (0.02%).
The EPS is expected to grow by 265.33% this year
525.0 institutions hold shares in Advance Auto Parts Inc (AAP), with institutional investors hold 118.32% of the company’s shares. The shares outstanding are 59.51M, and float is at 59.01M with Short Float at 17.93%. Institutions hold 117.02% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.43 million shares valued at $470.77 million. The investor’s holdings represent 12.4813 of the AAP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.73 million shares valued at $426.46 million to account for 11.3065 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 4.5 million shares representing 7.5615 and valued at over $285.21 million, while FMR LLC holds 7.0596 of the shares totaling 4.2 million with a market value of $266.28 million.
Advance Auto Parts Inc (AAP) Insider Activity
The most recent transaction is an insider purchase by Jones Jeffrey J II, the company’s Director. SEC filings show that Jones Jeffrey J II bought 69 shares of the company’s common stock on Oct 25 ’24 at a price of $36.74 per share for a total of $2545.0. Following the purchase, the insider now owns 11874.0 shares.
Advance Auto Parts Inc disclosed in a document filed with the SEC on Jun 03 ’24 that Soler Kristen L (EVP, Chief HR Officer) bought a total of 450 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $67.00 per share for $30150.0. Following the transaction, the insider now directly holds 15690.0 shares of the AAP stock.
Still, SEC filings show that on Mar 27 ’24, Windom Brent (Director) acquired 4,700 shares at an average price of $85.34 for $0.4 million. The insider now directly holds 10,000 shares of Advance Auto Parts Inc (AAP).
