Advance Auto Parts Inc (NYSE: AAP) is -27.94% 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 $43.86 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $43.98, the stock is 2.34% and 9.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing 0.27% at the moment leaves the stock -24.10% off its SMA200. AAP registered -31.25% loss for a year compared to 6-month loss of -31.46%. The firm has a 50-day simple moving average (SMA 50) of $40.1264 and a 200-day simple moving average (SMA200) of $58.0688.
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The stock witnessed a 6.75% gain in the last 1 month and extending the period to 3 months gives it a 6.41%, and is -7.29% down 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 4.70% over the week and 4.99% over the month.
Advance Auto Parts Inc (AAP) has around 69000 employees, a market worth around $2.62B and $10.70B in sales. Current P/E ratio is 60.36 and Fwd P/E is 27.29. Profit margin for the company is 0.41%. Distance from 52-week low is 23.57% and -50.34% from its 52-week high. The company has generated returns on investments over the last 12 months (0.68%).
with sales reaching $1.93B over the same period.The EPS is expected to shrink by -175.75% this year, but quarterly earnings will post -20.05% year-over-year. Quarterly sales are estimated to shrink -21.87% in year-over-year returns.
Advance Auto Parts Inc (AAP) Top Institutional Holders
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 59.73M, and float is at 59.07M with Short Float at 14.55%. 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 sale by Finley Tammy M, the company’s EVP, General Counsel, Corp Sec. SEC filings show that Finley Tammy M sold 1,276 shares of the company’s common stock on Dec 05 ’24 at a price of $44.06 per share for a total of $56221.0. Following the sale, the insider now owns 24266.0 shares.
Still, SEC filings show that on Nov 26 ’24, Soler Kristen L (EVP, Chief HR Officer) acquired 925 shares at an average price of $43.12 for $39886.0. The insider now directly holds 16,240 shares of Advance Auto Parts Inc (AAP).
