Is Advance Auto Parts Inc (NYSE: AAP) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Advance Auto Parts Appoints Three New Independent Directors.

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Stocks Info

Advance Auto Parts Inc is listed on the NYSE in the Consumer Cyclical sector while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $75.77 and fluctuated between $76.00 as its day high and $70.45 as its day low. The current market capitalization of Advance Auto Parts Inc is $4.51B. A total of 3.76 million shares were traded on the day, compared to an average of 1.72M shares.

In the most recent transaction, Soler Kristen L bought 500 shares of AAP for 55.60 per share on Dec 08 ’23. After the transaction, the EVP, Chief HR Officer now owns 12,697 company shares. In a previous transaction on Dec 05 ’23, Soler Kristen L bought 1,000 shares at 52.87 per share. AAP shares that EVP, Chief HR Officer owns now total 12,197.

Among the insiders who bought shares, LEE EUGENE I JR acquired of 8,670 shares on Sep 13 ’23 at a per-share price of $57.65. This resulted in the Director holding 19,430 shares of AAP after the transaction. In another insider transaction, Pertz Douglas A bought 4,575 shares at $66.02 per share on Jun 12 ’23. Company shares held by the Director now total 12,831.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Advance Auto Parts Inc pays an annual dividend of $2.25, resulting in a dividend yield of 2.97%, and it has a price to earnings (P/E) ratio of 102.34. AAP’s most recent ex-dividend date was 4/11/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 4/26/2024. Previously, the company paid the dividend on 1/26/2024 with an ex-dividend date of 1/11/2024. The AAP stock dividend was $0.25 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, AAP has a high of $133.69 and a low of $47.73.

As of this writing, AAP has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.71 per share and a lower estimate of $0.18. The company reported an EPS of -$0.82 in the last quarter, which was -156.60% lower than expectations of $1.45.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AAP’s latest balance sheet shows that the firm has $601.43M in Cash & Short Term Investments as of fiscal 2021. There were $3.37B in debt and $5.18B in liabilities at the time. Its Book Value Per Share was $44.50, while its Total Shareholder’s Equity was $3.13B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AAP is Buy with a score of 2.95.

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