Advance Auto Parts (NYSE:AAP) Trading Down 4.8% – Should You Sell?

Advance Auto Parts, Inc. (NYSE:AAP) dropped 4.8% on Tuesday . The stock traded as low as $46.28 and last traded at $45.58. Approximately 116,476 shares traded hands during trading, a decline of 93% from the average daily volume of 1,592,865 shares. The stock had previously closed at $47.87.

Wall Street Analysts Forecast Growth

AAP has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Wedbush reiterated an “outperform” rating and issued a $55.00 price target on shares of Advance Auto Parts in a research note on Friday, November 15th. Royal Bank of Canada dropped their price objective on shares of Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. BMO Capital Markets started coverage on shares of Advance Auto Parts in a research note on Friday, December 13th. They set a “market perform” rating and a $45.00 target price for the company. Finally, The Goldman Sachs Group dropped their price target on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $47.93.

Advance Auto Parts Stock Up 0.2 %

The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The company’s 50 day simple moving average is $46.22 and its 200-day simple moving average is $44.51. The firm has a market cap of $2.65 billion, a P/E ratio of 60.85, a PEG ratio of 2.03 and a beta of 1.15.

Insiders Place Their Bets

In other news, EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares in the company, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc lifted its position in Advance Auto Parts by 3.9% during the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company’s stock valued at $277,000 after purchasing an additional 221 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Advance Auto Parts by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 26,258 shares of the company’s stock valued at $1,242,000 after buying an additional 281 shares in the last quarter. Ingalls & Snyder LLC raised its position in shares of Advance Auto Parts by 5.0% during the fourth quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company’s stock valued at $316,000 after buying an additional 317 shares during the last quarter. Studio Investment Management LLC lifted its holdings in shares of Advance Auto Parts by 6.7% in the fourth quarter. Studio Investment Management LLC now owns 5,557 shares of the company’s stock worth $263,000 after buying an additional 350 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Advance Auto Parts by 207.4% during the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares during the last quarter. Institutional investors own 88.75% of the company’s stock.

About Advance Auto Parts

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 offers 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 wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.