Analyst Recommendations for Advance Auto Parts Stock

Xavier Trudeau
Августа 12, 2017

Several other large investors have also made changes to their positions in the stock. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer's stock worth $112,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC increased its stake in O'Reilly Automotive by 23.1% in the first quarter. IFP Advisors Inc now owns 767 shares of the company's stock worth $114,000 after buying an additional 24 shares during the last quarter. Genesee Valley Trust Co. increased its stake in shares of O'Reilly Automotive by 0.3% in the first quarter. Globeflex Capital L P now owns 40,928 shares of the specialty retailer's stock worth $137,000 after buying an additional 40,700 shares in the last quarter. Intellectus Partners LLC increased its stake in shares of O'Reilly Automotive by 1.1% in the first quarter. The fund owned 1,257,035 shares of the specialty retailer's stock after buying an additional 391,345 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Advance Auto Parts by 3.2% in the first quarter. The firm's quarterly revenue was up 5.2% compared to the same quarter past year. O'Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $288.67. (NASDAQ PRTS) opened at 2.65 on Friday. The stock has a 50 day moving average of $197.62 and a 200 day moving average of $242.64. O'Reilly Automotive, Inc. The company has a market capitalization of $17.36 billion, a PE ratio of 17.28 and a beta of 0.74. The specialty retailer reported $3.10 EPS for the quarter, topping the consensus estimate of $2.90 by $0.20. O'Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company had revenue of $80.21 million during the quarter, compared to analysts' expectations of $79.23 million. The firm's quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts predict that O'Reilly Automotive, Inc. will post $11.87 EPS for the current year.

U.S. Auto Parts Network declared that its board has initiated a stock repurchase plan on Wednesday, May 17th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 4.5% of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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A number of research firms have recently issued reports on PRTS. Royal Bank Of Canada dropped their price objective on shares of O'Reilly Automotive from $280.00 to $201.00 and set a "sector perform" rating on the stock in a report on Thursday, July 6th. Credit Suisse Group reaffirmed an "outperform" rating and set a $135.00 price target (down previously from $150.00) on shares of Advance Auto Parts in a research report on Monday, July 17th. Finally, ValuEngine lowered U.S. Auto Parts Network from a "hold" rating to a "sell" rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a "buy" rating and set a $302.00 price objective on shares of O'Reilly Automotive in a research report on Wednesday, May 24th. Gabelli upgraded Advance Auto Parts from a "hold" rating to a "buy" rating in a research report on Thursday, April 20th. Five analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Advance Auto Parts now has an average rating of "Hold" and a consensus price target of $149.06.

In other news, Chairman David E. Oreilly sold 25,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the acquisition, the director now directly owns 4,398 shares of the company's stock, valued at approximately $581,327.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The shares were acquired at an average cost of $134.29 per share, for a total transaction of $47,001,500.00. Following the completion of the sale, the chairman now directly owns 145,568 shares of the company's stock, valued at approximately $36,473,518.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 32,080 shares of company stock valued at $7,754,807. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

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