Advance Auto Parts, Inc. (AAP) stock forward in overbought space?

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Now insiders hold 3,296,874 shares in the business which makes up 4.47% of shares. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Advance Auto Parts by 0.3% in the 2nd quarter.

EPS is the portion of a company's profit allocated to each exceptional share of common stock. Royal Bank Of Canada cut their target price on Advance Auto Parts from $125.00 to $102.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 16th. The stock rose 18.93% or $15.58 reaching $97.89 per share. Fifth Third Financial Bank holds 113 shares. These holdings make up 44.11% of the company's outstanding shares. Seven Bridges Advisors LLC acquired a new stake in Advance Auto Parts during the third quarter valued at $153,000. 1832 Asset Mngmt Ltd Partnership holds 0.23% or 436,238 shares. Ltd. boosted its stake in Advance Auto Parts by 159.6% in the second quarter. Envestnet Asset Management owns 0.01% invested in Advance Auto Parts, Inc. During the same quarter past year, the firm earned $1.73 EPS. Institutional investors and hedge funds own 98.67% of the company's stock. Advance Auto Parts Inc now has $6.08 billion valuation.

Presently, Advance Auto Parts Inc (AAP) has a 14-day Commodity Channel Index (CCI) of 402.05. The firm is having a distance of 17.36% form 20 day moving average, SMA 50 of 7.97% and a SMA 200 of -20.1%. Lord Abbett & Company bought 165,735 shares as the company's stock declined 6.73% while stock markets rallied.

While its net sales were down slightly, Advance Auto Parts saw its stock price surge Tuesday after it reported earnings for the third quarter. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion. Its mean Altman Z-Score: 2.74 during the last 7 years, while average Beneish M-Score: -2.49 during the last 7 years.

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. Comparable store sales for the quarter decreased 3.4 percent. This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 78.27% over the next few years.

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The company's Average Earnings Estimate for the Current Fiscal quarter is $0.74, according to consensus of 23 analysts.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, September 22nd were given a $0.06 dividend.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Tuesday, November 14th. (NYSE:AAP) are being monitored closely by investors today as the name is now priced at $95.72, a 0.89% difference from where it most recently opened. The Price to Cash Flow for Advance Auto Parts, Inc. The VC1 of Advance Auto Parts, Inc. Performance history gives insight to investors into the health of companies in which they invested.

Advance Auto Parts, Inc. a US based Company, belongs to Services sector and Auto Parts Stores industry. Barclays PLC restated an "equal weight" rating and set a $90.00 price objective (down previously from $93.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Finally, Gabelli reissued a "buy" rating on shares of Advance Auto Parts in a report on Wednesday, August 16th. October 25 investment analysts at BTIG Research kept the stock rating at "Sell" with a current price target of $75.00.

WARNING: "Jennison Associates LLC Has $59.01 Million Position in Advance Auto Parts Inc (AAP)" was first posted by Week Herald and is owned by of Week Herald.

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