#7 - Advance Auto Parts (NYSE:AAP)
Advance Auto Parts (NYSE: AAP) After a disappointing 2018 that saw same-store sales decline by 2.3%, Advance Auto Parts is on the rebound. The company is projecting a growth in same-store sales of between 1% and 2.5% with strong gross margins that when combined with rising sales is a sign of strength. Analysts seem to agree. Eleven analysts have a consensus rating of strong buy with a consensus price target of $190.71. This would represent an almost 25% increase from the stock’s current level which is just under $150 per share. The stock is down over 15% since April 2019 and remains in a tight range despite issuing an earnings report that beat both top line and bottom line estimates. This may be a case of the stock just needing some time to catch up as the ex-dividend date for its July 5, 2019 dividend has just passed. In 2018, two company insiders purchased nearly 10,000 shares.
About Advance Auto Parts
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.
Read More - Current Price
- $40.79
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 14 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $48.64 (19.3% Upside)
The seven stocks in this presentation are just a sample of the stocks that show evidence of insider buying every day. Insider buying information is available to the investing public. As mentioned in the introduction, company insiders of U.S. companies are required to file their insider buying activity with the SEC in what is called a Form 4 filing. These filings can be found on the SEC’s EDGAR database. However, if you would prefer not to comb through an entire list of companies that are engaging in insider buying, there are many public databases, including MarketBeat All Access, that provide daily listings of the stock’s that are showing insider buying activity. One advantage of sites such as these is that investors can sort companies in many ways including by market cap, sector, or by ranking buying activity from the companies that are most active to those that are least active. Canadian companies are also required to make public disclosure of insider buying on the country’s System for Electronic Disclosure by Insiders (SEDI). Investors can look at sites such as MarketBeat.com for a list of the companies that are listed on the SEDI database.
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