$1.84 EPS Expected for Advance Auto Parts, Inc. (AAP)

August 9, 2018 - By Billy Entrekin

Investors sentiment decreased to 1.1 in 2018 Q1. Its down 0.03, from 1.13 in 2017Q4. It turned negative, as 39 investors sold Advance Auto Parts, Inc. shares while 119 reduced holdings. 59 funds opened positions while 115 raised stakes. 76.12 million shares or 4.10% more from 73.12 million shares in 2017Q4 were reported.
Moreover, Fmr Limited Co has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 309,749 shares. Peak6 Invests Lp accumulated 0.01% or 17,676 shares. First Allied Advisory Svcs reported 0.09% stake. Amer Grp holds 0.01% or 26,953 shares in its portfolio. Bronson Point Mgmt Limited Liability Co accumulated 10,000 shares. Robeco Institutional Asset Management Bv holds 0% or 5,200 shares in its portfolio. Prelude Cap Ltd Liability Corp invested in 2,022 shares or 0.02% of the stock. Manufacturers Life Insur Co The has 0.07% invested in Advance Auto Parts, Inc. (NYSE:AAP). Liberty Mutual Group Asset Mngmt invested in 0.01% or 2,944 shares. Sphera Funds Limited invested 0.1% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Sandy Spring Bank & Trust reported 238 shares. Tobam reported 191,339 shares. Sumitomo Mitsui Tru invested in 213,301 shares or 0.03% of the stock. Los Angeles Mgmt And Equity Research accumulated 0.02% or 30,153 shares. Trust Of Vermont owns 0.02% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 1,805 shares.

Since February 23, 2018, it had 1 buying transaction, and 2 sales for $757,901 activity. Shares for $39,792 were sold by Finley Tammy M on Friday, March 2. Greco Thomas had bought 8,640 shares worth $1.00M on Wednesday, March 21.

Analysts expect Advance Auto Parts, Inc. (NYSE:AAP) to report $1.84 EPS on August, 14 before the open.They anticipate $0.26 EPS change or 16.46 % from last quarter’s $1.58 EPS. AAP’s profit would be $136.22M giving it 20.15 P/E if the $1.84 EPS is correct. After having $2.10 EPS previously, Advance Auto Parts, Inc.’s analysts see -12.38 % EPS growth. The stock increased 1.31% or $1.92 during the last trading session, reaching $148.33. About 167,140 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has declined 5.35% since August 9, 2017 and is downtrending. It has underperformed by 17.92% the S&P500.

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

Among 12 analysts covering Advance Auto Parts (NYSE:AAP), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Advance Auto Parts had 18 analyst reports since February 22, 2018 according to SRatingsIntel. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Buy” rating by UBS on Friday, June 22. The firm has “Hold” rating by Credit Suisse given on Thursday, March 1. JP Morgan maintained it with “Overweight” rating and $140 target in Wednesday, May 23 report. The firm has “Buy” rating given on Tuesday, May 8 by Atlantic Securities. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Neutral” rating by Robert W. Baird on Thursday, February 22. The rating was downgraded by Credit Suisse on Wednesday, May 16 to “Hold”. The company was maintained on Friday, June 15 by JP Morgan. The company was maintained on Friday, February 23 by Credit Suisse. Wedbush maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Thursday, February 22. Wedbush has “Buy” rating and $130.0 target. The rating was upgraded by Guggenheim on Monday, April 16 to “Buy”.

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 has market cap of $10.98 billion. The firm offers batteries and 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 wired, radiators and cooling parts, starters and alternators, and steering and alignment parts. It has a 21.81 P/E ratio. It also offers AC chemicals and accessories, air fresheners, antifreeze and washer fluids, electrical wires and fuses, electronics, hand and specialty tools, lighting products, performance parts, sealants, adhesives and compounds, tire repair accessories, vent shades, mirrors and exterior accessories, washes, waxes and cleaning supplies, and wiper blades, as well as floor mats, seat covers, and interior accessories.

More important recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Businesswire.com which released: “Advance Auto Parts to Report Second Quarter 2018 Results on August 14, 2018” on July 31, 2018, also Nasdaq.com published article titled: “Is Advance Auto Parts (AAP) Outperforming Other Retail-Wholesale Stocks This Year?”, Forbes.com published: “Let Advance Auto, AutoZone And O’Reilly Pick Up The Repair Bills” on July 15, 2018. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) was released by: Streetinsider.com and their article: “Advance Auto Parts (AAP) PT Raised to $154 at RBC Capital; $10+ in EPS Power” with publication date: July 12, 2018.

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

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