Could Advance Auto Parts, Inc. Gain Strenght? Option Traders Don’t Think So

 Could Advance Auto Parts, Inc. Gain Strenght? Option Traders Don't Think So

In today’s session Advance Auto Parts, Inc. (AAP) recorded an unusually high (201) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious AAP decrease. With 201 contracts traded and 1714 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: AAP170120P00160000 closed last at: $2.5 or 13.6% up. About 152,106 shares traded hands. Advance Auto Parts, Inc. (NYSE:AAP) has risen 8.89% since April 28, 2016 and is uptrending. It has outperformed by 2.96% the S&P500.

Analysts await Advance Auto Parts, Inc. (NYSE:AAP) to report earnings on February, 9. They expect $1.08 earnings per share, down 11.48% or $0.14 from last year’s $1.22 per share. AAP’s profit will be $79.52 million for 39.58 P/E if the $1.08 EPS becomes a reality. After $1.73 actual earnings per share reported by Advance Auto Parts, Inc. for the previous quarter, Wall Street now forecasts -37.57% negative EPS growth.

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

Out of 19 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 12 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 63% are positive. $217 is the highest target while $120 is the lowest. The $178.61 average target is 4.45% above today’s ($171) stock price. Advance Auto Parts Inc. has been the topic of 38 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of AAP in a report on Sunday, August 16 with “Buy” rating. The rating was maintained by Citigroup with “Neutral” on Wednesday, August 17. The firm earned “Hold” rating on Tuesday, September 15 by Jefferies. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Outperform” rating given on Tuesday, November 15 by RBC Capital Markets. The firm earned “Buy” rating on Friday, February 12 by Deutsche Bank. The firm has “Neutral” rating given on Friday, November 13 by Sterne Agee CRT. The company was maintained on Wednesday, August 17 by Deutsche Bank. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Buy” rating by UBS on Wednesday, August 5. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, May 20. Citigroup maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Friday, May 20. Citigroup has “Neutral” rating and $145 price target.

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 decreased to 1.02 in 2016 Q2. Its down 0.04, from 1.06 in 2016Q1. The ratio fall, 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.
Salem Invest Counselors holds 5,100 shares or 0.1% of its portfolio. Advisory Services Ltd Liability Corp last reported 15 shares in the company. The Wisconsin-based Artisan Ltd Partnership has invested 0.2% in Advance Auto Parts, Inc. (NYSE:AAP). Wealthtrust has 110 shares for 0.01% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Ltd owns 1,900 shares or 0.08% of their US portfolio. Moreover, Security Trust Co has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 75 shares. Deutsche Bancorp Ag last reported 831,467 shares in the company. Blackstone Group Limited Partnership holds 0.33% or 442,748 shares in its portfolio. M&T Financial Bank last reported 0.01% of its portfolio in the stock. The France-based Bnp Paribas Invest Partners has invested 0.04% in Advance Auto Parts, Inc. (NYSE:AAP). Blackrock Limited accumulated 0.05% or 559,438 shares. Tudor Investment Corp Et Al holds 6,602 shares or 0.02% of its portfolio. Moreover, Security Bancshares Of Sioux City Iowa Ia has 1.16% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 6,364 shares. Financial Management Professionals has 55 shares for 0% of their US portfolio. State Of Tennessee Treasury Department holds 44,304 shares or 0.04% of its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 9 insider purchases, and 0 sales for $75.30 million net activity. Cushing Robert B bought 1,500 shares worth $234,990. $99,856 worth of Advance Auto Parts, Inc. (NYSE:AAP) shares were bought by Tyson Charles E. The insider Greco Thomas bought $997,250. Another trade for 633 shares valued at $99,767 was made by BERGSTROM JOHN F on Friday, August 19. $11.11M worth of Advance Auto Parts, Inc. (NYSE:AAP) was bought by Smith Jeffrey C. Slone Reuben E bought 632 shares worth $99,850. Ferraro John Francis bought 500 shares worth $80,140.

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 $12.59 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 28.05 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 important recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Fool.com which released: “Has Advance Auto Parts Inc. Turned the Corner?” on November 22, 2016, also Wsj.com published article titled: “Advance Auto Parts Logs Better-Than-Expected Same-Store Sales”, Seekingalpha.com published: “Advance Auto Parts Needs Customer Enthusiasm” on November 15, 2016. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) was released by: Businesswire.com and their article: “Advance Auto Parts Reports Third Quarter Fiscal 2016 Results” with publication date: November 14, 2016.

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