$1.98 EPS Expected for Advance Auto Parts, Inc. (AAP)

May 16, 2018 - By Darrin Black

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.13, from 1 in 2017Q3. It improved, as 56 investors sold Advance Auto Parts, Inc. shares while 110 reduced holdings. 55 funds opened positions while 133 raised stakes. 73.12 million shares or 2.40% less from 74.92 million shares in 2017Q3 were reported.
Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 3,537 shares. Rampart Lc has 983 shares. Loomis Sayles Comm Lp invested in 133,086 shares or 0.03% of the stock. Atlantic Gru Ltd Company has invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). The Colorado-based Cambiar Ltd Llc has invested 0.06% in Advance Auto Parts, Inc. (NYSE:AAP). Deutsche Commercial Bank Ag reported 0.03% stake. Vanguard Grp accumulated 7.15M shares. Legal And General Grp Plc, a United Kingdom-based fund reported 359,188 shares. Moreover, Nelson Van Denburg And Campbell Wealth Mgmt Ltd Llc has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 4 shares. California State Teachers Retirement System holds 124,381 shares. Neuberger Berman Gru Lc invested 0.18% in Advance Auto Parts, Inc. (NYSE:AAP). Aqr Capital Mngmt Lc holds 0% or 3,301 shares. New York State Teachers Retirement Systems has 120,081 shares for 0.03% of their portfolio. Farmers Merchants Incorporated, Nebraska-based fund reported 35 shares. Salem Investment Counselors, a North Carolina-based fund reported 5,100 shares.

Since February 23, 2018, it had 1 insider buy, and 2 selling transactions for $757,901 activity. Greco Thomas bought 8,640 shares worth $1.00 million. On Friday, March 2 Finley Tammy M sold $39,792 worth of Advance Auto Parts, Inc. (NYSE:AAP) or 342 shares.

Analysts expect Advance Auto Parts, Inc. (NYSE:AAP) to report $1.98 EPS on May, 22 before the open.They anticipate $0.38 EPS change or 23.75 % from last quarter’s $1.6 EPS. AAP’s profit would be $146.53 million giving it 15.05 P/E if the $1.98 EPS is correct. After having $0.77 EPS previously, Advance Auto Parts, Inc.’s analysts see 157.14 % EPS growth. The stock decreased 0.58% or $0.7 during the last trading session, reaching $119.22. About 262,371 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has declined 22.19% since May 16, 2017 and is downtrending. It has underperformed by 33.74% the S&P500.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Coverage

Among 11 analysts covering Advance Auto Parts (NYSE:AAP), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Advance Auto Parts had 14 analyst reports since December 4, 2017 according to SRatingsIntel. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Hold” rating by Stephens on Tuesday, January 16. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Equal-Weight” rating given on Thursday, February 22 by Stephens. The firm has “Buy” rating by Credit Suisse given on Friday, April 20. On Thursday, March 1 the stock rating was downgraded by Credit Suisse to “Hold”. As per Friday, February 23, the company rating was maintained by Credit Suisse. Barclays Capital maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Thursday, February 22. Barclays Capital has “Equal-Weight” rating and $114 target. The stock has “Buy” rating by Atlantic Securities on Tuesday, May 8. J.P. Morgan maintained the shares of AAP in report on Friday, January 26 with “Buy” rating. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Buy” rating given on Thursday, February 22 by Wedbush. The rating was upgraded by Guggenheim on Monday, April 16 to “Buy”.

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 has market cap of $8.82 billion. The firm offers batteries and 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 wired, radiators and cooling parts, starters and alternators, and steering and alignment parts. It has a 18.57 P/E ratio. It also offers AC chemicals and accessories, air fresheners, antifreeze and washer fluids, electrical wires and fuses, electronics, hand and specialty tools, lighting products, performance parts, sealants, adhesives and compounds, tire repair accessories, vent shades, mirrors and exterior accessories, washes, waxes and cleaning supplies, and wiper blades, as well as floor mats, seat covers, and interior accessories.

More recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Seekingalpha.com which released: “Can Advance Auto Parts Turn Itself Around?” on May 10, 2018. Also Globenewswire.com published the news titled: “Consolidated Research: 2018 Summary Expectations for Advance Auto Parts, Old Republic International, MasTec …” on May 10, 2018. Streetinsider.com‘s news article titled: “Starboard’s 13F Shows New Stake in Newell Rubbermaid (NWL), Increase in Forest City (FCE-A), Macerich (MAC …” with publication date: May 15, 2018 was also an interesting one.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Chart

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