Advance Auto Parts Inc (AAP): A Case For Going Higher

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Advance Auto Parts Inc is $3.78B. A total of 1.08 million shares were traded on the day, compared to an average of 1.49M shares.

In the most recent transaction, Soler Kristen L bought 450 shares of AAP for 67.00 per share on Jun 03 ’24. After the transaction, the EVP, Chief HR Officer now owns 15,690 company shares. In a previous transaction on Mar 27 ’24, Windom Brent bought 4,700 shares at 85.34 per share. AAP shares that Director owns now total 10,000.

Among the insiders who sold shares, Word Herman L Jr disposed of 1,858 shares on Mar 21 ’24 at a per-share price of $86.08. This resulted in the EVP, U.S. Stores & CQ Ind. holding 10,448 shares of AAP after the transaction. In another insider transaction, Windom Brent bought 2,617 shares at $83.00 per share on Mar 19 ’24. Company shares held by the Director now total 5,300.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Advance Auto Parts Inc pays an annual dividend of $1.00, resulting in a dividend yield of 1.58%, and it has a price to earnings (P/E) ratio of 91.42. AAP’s most recent ex-dividend date was 7/12/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 7/26/2024. Previously, the company paid the dividend on 4/26/2024 with an ex-dividend date of 4/11/2024. The AAP stock dividend was $0.25 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, AAP has a high of $88.56 and a low of $47.73.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $43.01, while its Total Shareholder’s Equity was $3.13B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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