New York: Advance Auto Parts (NYSE:AAP) Stock Has Just Had Its Buy Rating Reiterated by Jefferies. Shares now Have a $130.0 Target

September 17, 2017 - By Winifred Garcia

 New York: Advance Auto Parts (NYSE:AAP) Stock Has Just Had Its Buy Rating Reiterated by Jefferies. Shares now Have a $130.0 Target

Investors sentiment increased to 1.05 in Q4 2016. Its up 0.03, from 1.02 in 2016Q3. It improved, as 50 investors sold Advance Auto Parts, Inc. shares while 161 reduced holdings. 75 funds opened positions while 146 raised stakes. 71.45 million shares or 0.43% less from 71.76 million shares in 2016Q3 were reported.

Bank Of Hawaii owns 0.14% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 8,646 shares. Henderson Grp Pcl, a United Kingdom-based fund reported 22,939 shares. Blair William And Co Il invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). First Quadrant L P Ca reported 27,600 shares. 611,998 are owned by Financial Bank Of Ny Mellon. Shell Asset Mngmt Company reported 4,918 shares stake. Cleararc Cap Incorporated stated it has 1,795 shares. Redwood Invs Ltd accumulated 227 shares or 0% of the stock. Rand Wealth Ltd Liability has invested 0.24% in Advance Auto Parts, Inc. (NYSE:AAP). Tt Intll reported 0.8% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Picton Mahoney Asset invested in 0.21% or 15,200 shares. Principal Fincl Grp Inc Inc invested 0.02% in Advance Auto Parts, Inc. (NYSE:AAP). Steadfast Cap Mgmt Lp reported 650,595 shares stake. Jpmorgan Chase & owns 38,120 shares. Great West Life Assurance Com Can stated it has 0.02% in Advance Auto Parts, Inc. (NYSE:AAP).

Since March 20, 2017, it had 6 insider buys, and 0 selling transactions for $49.68 million activity. Carter William Harrison had sold 2,690 shares worth $411,113. On Friday, May 26 the insider Smith Jeffrey C bought $47.00 million. 500 Advance Auto Parts, Inc. (NYSE:AAP) shares with value of $67,435 were bought by Slone Reuben E. Shares for $250,481 were bought by LEE EUGENE I JR on Friday, May 26. 367 shares valued at $49,648 were bought by Karaboutis Adriana on Thursday, June 1. The insider Greco Thomas bought 16,000 shares worth $2.15 million. The insider Buss Brad W bought 1,200 shares worth $161,364.

Advance Auto Parts (NYSE:AAP) Rating Reaffirmed

The firm has just set a target of $130.0 on Advance Auto Parts (NYSE:AAP) shares. This is 30.64 % from the last close price. In a report sent to investors and clients on Monday morning, Jefferies reiterated their Buy rating on shares of AAP.

Investors sentiment increased to 1.05 in Q4 2016. Its up 0.03, from 1.02 in 2016Q3. It improved, as 50 investors sold Advance Auto Parts, Inc. shares while 161 reduced holdings. 75 funds opened positions while 146 raised stakes. 71.45 million shares or 0.43% less from 71.76 million shares in 2016Q3 were reported.

Bank Of Hawaii owns 0.14% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 8,646 shares. Henderson Grp Pcl, a United Kingdom-based fund reported 22,939 shares. Blair William And Co Il invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). First Quadrant L P Ca reported 27,600 shares. 611,998 are owned by Financial Bank Of Ny Mellon. Shell Asset Mngmt Company reported 4,918 shares stake. Cleararc Cap Incorporated stated it has 1,795 shares. Redwood Invs Ltd accumulated 227 shares or 0% of the stock. Rand Wealth Ltd Liability has invested 0.24% in Advance Auto Parts, Inc. (NYSE:AAP). Tt Intll reported 0.8% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Picton Mahoney Asset invested in 0.21% or 15,200 shares. Principal Fincl Grp Inc Inc invested 0.02% in Advance Auto Parts, Inc. (NYSE:AAP). Steadfast Cap Mgmt Lp reported 650,595 shares stake. Jpmorgan Chase & owns 38,120 shares. Great West Life Assurance Com Can stated it has 0.02% in Advance Auto Parts, Inc. (NYSE:AAP).

Since March 20, 2017, it had 6 insider buys, and 0 selling transactions for $49.68 million activity. Carter William Harrison had sold 2,690 shares worth $411,113. On Friday, May 26 the insider Smith Jeffrey C bought $47.00 million. 500 Advance Auto Parts, Inc. (NYSE:AAP) shares with value of $67,435 were bought by Slone Reuben E. Shares for $250,481 were bought by LEE EUGENE I JR on Friday, May 26. 367 shares valued at $49,648 were bought by Karaboutis Adriana on Thursday, June 1. The insider Greco Thomas bought 16,000 shares worth $2.15 million. The insider Buss Brad W bought 1,200 shares worth $161,364.

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

Among 25 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 9 Hold. Therefore 52% are positive. Advance Auto Parts Inc. has $217 highest and $77 lowest target. $145.94’s average target is 46.66% above currents $99.51 stock price. Advance Auto Parts Inc. had 75 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Goldman Sachs on Wednesday, April 6. The company was maintained on Thursday, August 24 by UBS. The company was downgraded on Friday, November 13 by Sterne Agee CRT. The rating was maintained by UBS with “Buy” on Monday, August 7. The rating was maintained by RBC Capital Markets on Tuesday, May 2 with “Outperform”. Vetr upgraded the shares of AAP in report on Tuesday, August 25 to “Buy” rating. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Hold” rating by Gabelli on Friday, April 15. As per Tuesday, November 15, the company rating was upgraded by Susquehanna. The rating was maintained by Jefferies on Monday, September 11 with “Buy”. As per Wednesday, August 16, the company rating was maintained by RBC Capital Markets.

The stock decreased 0.51% or $0.51 on September 15, reaching $99.51. It is down 5.52% since September 17, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Analysts await Advance Auto Parts, Inc. (NYSE:AAP) to report earnings on November, 13. They expect $1.24 earnings per share, down 28.32 % or $0.49 from last year’s $1.73 per share. AAP’s profit will be $91.59 million for 20.06 P/E if the $1.24 EPS becomes a reality. After $1.58 actual earnings per share reported by Advance Auto Parts, Inc. for the previous quarter, Wall Street now forecasts -21.52 % negative EPS growth.

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me and do-it-yourself (DIY), customers. The company has market cap of $7.35 billion. The Company’s stores and branches offer a selection of brand name, original equipment maker (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It has a 19.87 P/E ratio. It serves through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Prnewswire.com which released: “Stock Performance Review on Services Sector — AutoZone, O’Reilly Automotive …” on September 08, 2017, also Benzinga.com with their article: “The Auto Parts Trade: AutoZone Vs. Advance Vs. O’Reilly” published on September 05, 2017, Zacks.com published: “Should You Get Rid of Advance Auto Parts (AAP) Now? September 13, 2017” on September 13, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Nasdaq.com and their article: “Advance Auto Parts (AAP) Up 14.9% Since Earnings Report: Can It Continue?” published on September 15, 2017 as well as Seekingalpha.com‘s news article titled: “Advance Auto Parts: Buy This Turnaround Story While Shares Are Cheap” with publication date: August 30, 2017.

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