The stock of Advance Auto Parts, Inc. (NYSE:AAP) is a huge mover today! About 2.68M shares traded hands or 150.47% up from the average. Advance Auto Parts, Inc. (NYSE:AAP) has declined 10.96% since April 13, 2016 and is downtrending. It has underperformed by 14.89% the S&P500.
The move comes after 6 months positive chart setup for the $11.94 billion company. It was reported on Nov, 15 by Barchart.com. We have $199.06 PT which if reached, will make NYSE:AAP worth $2.51B more.
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. Advance Auto Parts Inc. has been the topic of 35 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Monday, September 7 the stock rating was upgraded by Zacks to “Buy”. The rating was maintained by UBS with “Buy” on Wednesday, August 5. As per Friday, November 13, the company rating was maintained by RBC Capital Markets. The stock has “Hold” rating given by Jefferies on Tuesday, September 15. On Friday, May 20 the stock rating was maintained by Morgan Stanley with “Overweight”. The company was maintained on Thursday, September 8 by RBC Capital Markets. The stock has “Buy” rating given by Vetr on Tuesday, August 25. The rating was downgraded by Sterne Agee CRT to “Neutral” on Friday, November 13. The firm has “Buy” rating given on Friday, February 12 by Deutsche Bank. Gabelli initiated the shares of AAP in a report on Friday, April 15 with “Hold” rating.
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.
Rmb Cap Mngmt Ltd Company has invested 0.94% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Clinton Group Inc Inc Inc holds 0.01% or 1,382 shares in its portfolio. Arga Inv Mngmt Ltd Partnership last reported 10,000 shares in the company. Ivory Investment Management Limited Liability Company owns 422,521 shares or 1.89% of their US portfolio. Communications Of Virginia Va holds 0.18% or 6,260 shares in its portfolio. Community & Invest Communication has invested 1.94% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). World Asset Mngmt reported 7,196 shares or 0.04% of all its holdings. Washington Trust Bancorporation has 0% invested in the company for 30 shares. Texas Yale Corp holds 4,431 shares or 0.07% of its portfolio. Suntrust Banks owns 9,324 shares or 0.01% of their US portfolio. Retirement Sys Of Alabama accumulated 0.11% or 118,520 shares. Everpoint Asset Ltd Liability Corp, a Connecticut-based fund reported 654 shares. Clearbridge Investments Ltd Liability Corporation last reported 112,107 shares in the company. Envestnet Asset Mngmt Inc reported 24,105 shares or 0.02% of all its holdings. Endurance Wealth Mngmt has 17,088 shares for 0.52% of their US portfolio.
Insider Transactions: Since May 23, 2016, the stock had 11 insider purchases, and 1 insider sale for $112.68 million net activity. Slone Reuben E bought $99,850 worth of stock or 632 shares. 633 Advance Auto Parts, Inc. (NYSE:AAP) shares with value of $99,856 were bought by Tyson Charles E. $22.91 million worth of Advance Auto Parts, Inc. (NYSE:AAP) was bought by Smith Jeffrey C. Greco Thomas also bought $997,250 worth of Advance Auto Parts, Inc. (NYSE:AAP) on Tuesday, August 23. 500 shares were bought by Ferraro John Francis, worth $80,140. BERGSTROM JOHN F had bought 633 shares worth $99,767. Another trade for 1,500 shares valued at $234,990 was made by Cushing Robert B on Tuesday, August 30.
More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Wsj.com which released: “Advance Auto Parts Logs Better-Than-Expected Same-Store Sales” on November 14, 2016, also Marketwatch.com with their article: “Advance Auto Parts shares up 8% after earnings” published on November 14, 2016, Businesswire.com published: “Advance Auto Parts Reports Third Quarter Fiscal 2016 Results” on November 14, 2016. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Blogs.Wsj.com and their article: “Stocks to Watch: Home Depot, Advance Auto Parts, JD.com” published on November 15, 2016 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Tuesday: Advance Auto Parts, Inc. (AAP), Berkshire …” with publication date: November 15, 2016.
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.
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