Advance Auto Parts, Inc. Could Rise a Lot According to The Today’s Call Option Activity

 Advance Auto Parts, Inc. Could Rise a Lot According to The Today's Call Option Activity

In today’s session Advance Auto Parts, Inc. (AAP) registered an unusually high (1,835) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AAP increase. With 1,835 contracts traded and 17954 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AAP161118C00145000 closed last at: $3.1 or 8.8% up. About 144,961 shares traded hands. Advance Auto Parts, Inc. (NYSE:AAP) has declined 15.13% since April 5, 2016 and is downtrending. It has underperformed by 17.09% the S&P500.

Analysts await Advance Auto Parts, Inc. (NYSE:AAP) to report earnings on November, 10. They expect $1.94 EPS, down 0.51% or $0.01 from last year’s $1.95 per share. AAP’s profit will be $144.30M for 17.74 P/E if the $1.94 EPS becomes a reality. After $1.90 actual EPS reported by Advance Auto Parts, Inc. for the previous quarter, Wall Street now forecasts 2.11% EPS growth.

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

Out of 19 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 10 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 53% are positive. $217 is the highest target while $120 is the lowest. The $178.55 average target is 29.69% above today’s ($137.67) stock price. Advance Auto Parts Inc. has been the topic of 35 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Buy” rating by Deutsche Bank on Wednesday, August 17. The firm earned “Buy” rating on Tuesday, August 18 by Argus Research. As per Thursday, May 5, the company rating was downgraded by Raymond James. The company was maintained on Thursday, September 8 by RBC Capital Markets. The company was maintained on Friday, February 12 by Wedbush. As per Friday, May 20, the company rating was maintained by Morgan Stanley. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, April 6. The rating was maintained by BTIG Research with “Sell” on Wednesday, October 19. Sterne Agee CRT maintained it with “Buy” rating and $210 target price in Friday, August 14 report. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Buy” rating given on Monday, September 7 by Zacks.

According to Zacks Investment Research, “Advance Auto Parts, Inc. is a specialty retailer of automotive parts, accessories and maintenance items to do-it-yourself customers.”

Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.32, from 0.74 in 2016Q1. The ratio improved, as 52 funds sold all Advance Auto Parts, Inc. shares owned while 147 reduced positions. 65 funds bought stakes while 145 increased positions. They now own 70.32 million shares or 3.62% less from 72.96 million shares in 2016Q1.
Monetary Mngmt Grp has 0% invested in the company for 50 shares. Franklin Res holds 318,951 shares or 0.03% of its portfolio. New York State Teachers Retirement System, a New York-based fund reported 130,313 shares. Mutual Of America Capital Mngmt Limited Liability holds 8,530 shares or 0.03% of its portfolio. First L P has 52,281 shares for 0.03% of their US portfolio. Henderson Grp Inc Public Limited accumulated 10,039 shares or 0.01% of the stock. Clinton Group has invested 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Arizona State Retirement holds 18,000 shares or 0.04% of its portfolio. Retirement System Of Alabama accumulated 0.11% or 118,520 shares. British Columbia Inv Management Corp holds 38,563 shares or 0.05% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt reported 7,764 shares or 0.06% of all its holdings. Stifel Finance holds 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 13,150 shares. Edmp holds 0.23% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 1,457 shares. State Of Wisconsin Board holds 0.03% or 47,217 shares in its portfolio. Bright Rock Cap Mgmt Llc last reported 1.31% of its portfolio in the stock.

Insider Transactions: Since May 23, 2016, the stock had 11 buys, and 1 sale for $112.68 million net activity. Cushing Robert B bought $234,990 worth of Advance Auto Parts, Inc. (NYSE:AAP) on Tuesday, August 30. Ferraro John Francis bought 500 shares worth $80,140. On Monday, August 29 Tyson Charles E bought $99,856 worth of the stock or 633 shares. Smith Jeffrey C had bought 397,624 shares worth $61.57 million on Wednesday, June 8. Shares for $1.01 million were bought by Greco Thomas on Tuesday, June 7. 633 shares were bought by BERGSTROM JOHN F, worth $99,767 on Friday, August 19. On Thursday, August 18 the insider Slone Reuben E bought $99,850.

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me and do-it-yourself (DIY), customers, as well as independently owned operators. The company has a market cap of $10.24 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 22.24 P/E ratio. The Firm also offers other miscellaneous offerings, including e-services.

AAP Company Profile

Advance Auto Parts, Inc., incorporated on August 1, 2001, provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. 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. The Firm serves its commercial clients and DIY clients through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. The Firm operates approximately 5,170 total stores and over 120 branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands under the names Advance Auto Parts, Autopart International (AI), Carquest and Worldpac. The Company’s Advance Auto Parts activities consist of approximately five geographic areas, which include the activities of the stores operating under the Advance Auto Parts, Carquest and AI names.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Fool.com which released: “Advance Auto Parts Inc. Tests Investors’ Patience” on September 07, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Advance Auto Parts, Marriott International and New …” published on September 19, 2016, Wsj.com published: “Advance Auto Parts’ Earnings Fall Back” on August 16, 2016. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Businesswire.com and their article: “Advance Auto Parts to Report 2016 Third Quarter Results and Host Meet and …” published on October 31, 2016 as well as Nasdaq.com‘s news article titled: “Agree To Purchase Advance Auto Parts At $135, Earn 12.3% Annualized Using Options” with publication date: October 18, 2016.

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