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Advance Auto Parts Inc (AAP) Stock Price Up 1.3% Following Earnings Beat

Advance Auto Parts Inc (AAP) Stock Price Up 1.3% Following Earnings Beat

Techniacal Analysis: The company has the market capitalization of $6.08B. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.65 by ($0.07).

Receive Advance Auto Parts Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts Inc with MarketBeat.com's FREE daily email newsletter. If we take a wider approach, shares have been trading -21.58% away from the 200-day moving average. As of December 31, 2016, its Advance Auto Parts operations consisted of three geographic divisions, which included the operations of the stores operating under the Advance Auto Parts, Carquest and Autopart International trade names.

Advance Auto Parts (NYSE:AAP) opened at $82.28 on Tuesday. It has underperformed by 11.18% the S&P500.

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Stock markets can move in a flash, requiring investors to stay on their toes at all times. The biggest holder now is Nicholas F. Taubman who owns 2,324,574 shares (3.15% of those outstanding), whilst Darren R. Jackson holds 140,699 (0.19% of shares outstanding) and Mr. Thomas R. Greco holds 114,630 (0.16% of shares outstanding). The stock declined 2.62% or $1.97 reaching $73.29 on the news. About 172,455 shares traded. (NYSE:AAP) has a Piotroski F-Score of 5. 3,416 were accumulated by Dixon Hubard Feinour & Brown Va. Trexquant Investment Limited Partnership has invested 0.14% in Advance Auto Parts, Inc.

Over the past five trading sessions shares of Advance Auto Parts, Inc. Legal & General Group Plc boosted its position in shares of Advance Auto Parts by 5.3% in the second quarter.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 15th. Advance Auto Parts's dividend payout ratio (DPR) is now 3.94%. It also reduced its holding in Trivago N V by 59,792 shares in the quarter, leaving it with 867,706 shares, and cut its stake in Equinix Inc (NASDAQ:EQIX).

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After a recent check, shares of Advance Auto Parts, Inc. A rating of 4 or 5 would represent a Sell recommendation. Therefore 50% are positive. UBS maintained the shares of AAP in report on Thursday, August 24 with "Buy" rating. The firm earned "Hold" rating on Wednesday, August 23 by Barclays Capital. As per Friday, February 12, the company rating was maintained by Wedbush. The firm has "Strong Buy" rating given on Tuesday, November 15 by Raymond James. Jefferies maintained it with "Hold" rating and $15000 target in Monday, June 26 report. Moreover, Advantus Cap Mngmt has 0.02% invested in Advance Auto Parts, Inc.

Several large investors have recently bought and sold shares of AAP. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $154. (NYSE:AAP). Fiduciary Trust has 1,516 shares.

Since May 26, 2017, it had 6 insider purchases, and 0 insider sales for $49.68 million activity. Buss Brad W had bought 1,200 shares worth $161,364. (NYSE:AAP) shares with value of $49,648 were bought by Karaboutis Adriana. (NYSE:AAP) has a current MF Rank of 1770.

Investors sentiment increased to 1.07 in 2017 Q2. ATR remains at 1.37 while Beta component of the stock stands at 0.

Why Advance Auto Parts, Inc. (NYSE:AAP). Moreover, Kentucky Retirement Trust Fund has 0.04% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 16,804 shares. 25,322 are held by Nomura. Gfs Advisors Limited Liability has invested 0.11% in Advance Auto Parts, Inc. The Ohio-based Cleararc Inc has invested 0.03% in Advance Auto Parts, Inc. (NYSE:AAP). 155 are owned by Dubuque Comml Bank Communications.

Citigroup holds 0% or 16,219 shares in its portfolio. (NYSE:AAP). Commonwealth State Bank Of Aus owns 532 shares. (NYSE:AAP). Parametric Assocs Lc owns 170,107 shares for 0.02% of their portfolio.