Advance Auto Parts (AAP) Projected to Release Earnings on Wednesday

Advance Auto Parts (NYSE:AAP - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($1.39) per share and revenue of $1.93 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Advance Auto Parts Stock Down 2.0 %

Shares of AAP traded down $0.88 during mid-day trading on Friday, reaching $43.46. The company's stock had a trading volume of 2,498,948 shares, compared to its average volume of 1,734,547. The company's 50 day moving average is $46.22 and its 200 day moving average is $44.51. The stock has a market cap of $2.60 billion, a PE ratio of 59.53, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. Advance Auto Parts has a 12-month low of $35.59 and a 12-month high of $88.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62.

Analysts Set New Price Targets

AAP has been the topic of a number of recent analyst reports. UBS Group increased their target price on shares of Advance Auto Parts from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Citigroup increased their price objective on Advance Auto Parts from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Friday. The Goldman Sachs Group cut their target price on shares of Advance Auto Parts from $60.00 to $43.00 and set a "neutral" rating on the stock in a report on Friday, November 15th. Royal Bank of Canada decreased their price target on shares of Advance Auto Parts from $52.00 to $46.00 and set a "sector perform" rating for the company in a research note on Monday, November 11th. Finally, Evercore ISI lifted their price objective on shares of Advance Auto Parts from $45.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Advance Auto Parts has a consensus rating of "Hold" and an average target price of $47.88.

Insider Activity

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the sale, the executive vice president now directly owns 24,266 shares in the company, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company's stock.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.