Advance Auto Parts Inc (NYSE: AAP): Is It A Buying Opportunity Again?

After Hours

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.

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Stocks Info

AAP belongs to the Consumer Cyclical sector of the NYSE while operating in the Specialty Retail industry. The current market capitalization of Advance Auto Parts Inc is $4.69B. A total of 1.73 million shares were traded on the day, compared to an average of 1.94M shares.

In the most recent transaction, Windom Brent bought 4,700 shares of AAP for 85.34 per share on Mar 27 ’24. After the transaction, the Director now owns 10,000 company shares. In a previous transaction on Mar 21 ’24, Word Herman L Jr sold 1,858 shares at 86.08 per share. AAP shares that EVP, U.S. Stores & CQ Ind. owns now total 10,448.

Among the insiders who bought shares, Windom Brent acquired of 2,617 shares on Mar 19 ’24 at a per-share price of $83.00. This resulted in the Director holding 5,300 shares of AAP after the transaction. In another insider transaction, Bailo Carla Jean bought 310 shares at $81.19 per share on Mar 18 ’24. Company shares held by the Director now total 5,789.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Advance Auto Parts Inc pays an annual dividend of $1.00, resulting in a dividend yield of 1.27%, and it has a price to earnings (P/E) ratio of 106.28. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AAP has a high of $129.90 and a low of $47.73.

As of this writing, AAP has an earnings estimate of $AAPU per share for the current quarter. EPS was calculated based on a consensus of Apple Inc. estimates, with a high estimate of $American Express Company per share and a lower estimate of $American Airlines Group, Inc..

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $42.34, while its Total Shareholder’s Equity was $3.13B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 2.96.

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