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10700.0
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2023-06-05 00:00:00 UTC
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Advance Auto Parts Inc Shares Approach 52-Week Low - Market Mover
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-shares-approach-52-week-low-market-mover-3
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Advance Auto Parts Inc (AAP) shares closed today at 0.8% above its 52 week low of $65.56, giving the company a market cap of $3B. The stock is currently down 54.8% year-to-date, down 64.2% over the past 12 months, and down 45.6% over the past five years. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 1.7%.
Trading Activity
Trading volume this week was 52.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by 565.9%
The company's stock price performance over the past 12 months lags the peer average by 8647.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -328.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (AAP) shares closed today at 0.8% above its 52 week low of $65.56, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 565.9% The company's stock price performance over the past 12 months lags the peer average by 8647.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -328.3% higher than the average peer.
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Advance Auto Parts Inc (AAP) shares closed today at 0.8% above its 52 week low of $65.56, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 1.7%. Trading Activity Trading volume this week was 52.6% higher than the 20-day average.
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Advance Auto Parts Inc (AAP) shares closed today at 0.8% above its 52 week low of $65.56, giving the company a market cap of $3B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 565.9% The company's stock price performance over the past 12 months lags the peer average by 8647.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -328.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Advance Auto Parts Inc (AAP) shares closed today at 0.8% above its 52 week low of $65.56, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 1.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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10701.0
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2023-06-05 00:00:00 UTC
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7 Names to Buy as Stock Market Crash Fears Fester
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AAP
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https://www.nasdaq.com/articles/7-names-to-buy-as-stock-market-crash-fears-fester
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Ordinarily, a blisteringly hot jobs report wouldn’t inspire discussions about stocks to buy before crash. Essentially, the latest employment readout suggested that more money chases after fewer goods. On the surface, that’s inflationary, not deflationary as a equities sector crash would imply. Still, the devil may be in the details.
At the most basic level, a hot jobs figure represented exactly what the Federal Reserve didn’t want to hear. Sure, it may decide to pause its interest rate hike campaign regardless. However, if circumstances continue to accelerate like they have, the Fed may have little choice but to go aggressively hawkish. Of course, such a policy would risk a deflationary outcome, which may incentivize secure stocks during market crash.
Finally, the jobs report wasn’t completely good news, which printed fewer hours worked per week and hourly wage growth dipping. Combined with consumers spending less, a downturn isn’t out of the question. Below are ideas to consider for safe investments during market volatility.
FIVE Five Below $184.93
DLTR Dollar Tree $130.24
SRE Sempra $145.01
PGR Progressive Corp. $129.03
AAP Advance Auto Parts $65.59
CVR Chicago Rivet & Machine $23.98
TNDM Tandem Diabetes Care $24.25
Five Below (FIVE)
Source: Zurijeta / Shutterstock.com
Labeled as a leading high-growth value retailer offering trend-right, high-quality products for tweens, teens and beyond, Five Below (NASDAQ:FIVE) arguably cuts a nice niche in the discount retailer space. Featuring mostly products that are priced up to $5, a select few items range between $6 to $25. Therefore, the company tends to also attract customers seeking bargains as a hobby as opposed to out of desperation.
Since the start of the year, FIVE gained over 6% of its equity value. Financially, Five Below delivered overall solid results for its fiscal first quarter of 2023. Although its revenue haul of $726.25 million missed the consensus target by $1.96 million, comparable sales increased by 2.7% on a year-over-year basis. Importantly, management delivered a strong Q2 sales outlook of between $755 million to $765 million.
However, on the fundamental side, consumers haven’t quite started trading down from premium-level retailers en masse, meaning that investors will need to exercise patience with FIVE. Still, it may be one of the stocks to buy before crash because of burgeoning relevancies. Finally, analysts peg FIVE as a consensus strong buy. Their average price target lands at $219.13, implying 20% upside potential.
Dollar Tree (DLTR)
Source: shutterstock.com/CC7
Admittedly ranking as one of the more disappointing stocks to buy before crash, Dollar Tree (NASDAQ:DLTR) should make sense as a mitigatory idea. After all, should the economy fade, consumers will almost invariably tighten their belts. Of course, this dynamic yields a deflationary impact on the discretionary retail space. In addition, people will naturally trade down to cheaper alternatives of commonly purchased goods.
On paper, this dynamic benefits DLTR, theoretically making it one of the secure stocks during market crash. Unfortunately, it’s DLTR that’s doing most of the crashing. In the trailing one-month period, the security stumbled more than 12%. So far this year, Dollar Tree stock lost almost 5% of its market value.
Part of the problem is that consumers are shifting away from discretionary items to consumable goods. This product category features lower margins, applying pressure on entities like Dollar Tree. At the same time, a broader slowdown could spark significant desperation. For the patient, DLTR could be one of the stocks resistant to market crash.
For now, analysts peg DLTR as a consensus moderate buy. Their average price target comes in at $152.38, implying 14% upside potential.
Sempra (SRE)
Source: Freedom365day / Shutterstock.com
A utility play for stocks to buy before crash, Sempra (NYSE:SRE) focuses on becoming North America’s premiere energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego, California-based company is the utility holding firm with the largest U.S. customer base, according to its corporate profile. Since the Jan. opener, SRE slipped 6%.
As with other utility trades, Sempra doesn’t immediately strike you as one of the safe investments during market volatility. For example, the company doesn’t exactly offer the most stable balance sheet. Its Altman Z-Score also sits at 1.08, indicating distress. However, the company benefits from a natural monopoly. Basically, the barrier to entry for utility providers is so steep that would-be competitors don’t even try. Therefore, Sempra benefits from consistent profitability. Let’s face it, no one’s going to usurp this Southern Californian stalwart.
In closing, analysts peg SRE as a consensus moderate buy. Their average price target hits $170.78, implying over 18% upside potential.
Progressive (PGR)
Source: Chompoo Suriyo / Shutterstock.com
Because insurance companies have no qualms about competing with each other in the most lucrative markets, Progressive (NYSE:PGR) doesn’t exactly own a natural monopoly. However, it enjoys the next best thing: a hostage or captive audience. As a top player in the automotive insurance industry, Progressive benefits from the fact that most states in the Union require at least liability insurance.
True, Progressive again has competition so it’s not a monopolistic enterprise. However, thanks to its brand power, it enjoys a high volume of recurring revenue and consistent profitability. Not surprisingly, Progressive does not command the best financial metrics among stocks to buy before crash. Its balance sheet seems wobbly and PGR rates as overvalued against trailing and forward earnings.
However, its three-year revenue growth rate pings at 8.3%, above 67% of its peers. And it prints 10 years of profitability over the past decade. Generally speaking, PGR qualifies as one of the best stocks during market crash because virtually all Americans require auto insurance. That’s the case whether a recession materializes or not. To be fair, analysts view PGR as a hold. However, their average price target clocks in at $146.08, implying nearly 13% upside potential.
Advance Auto Parts (AAP)
Source: AdityaB. Photography/ShutterStock.com
Diving into the riskiest segment of stocks to buy before crash, Advance Auto Parts (NYSE:AAP) initially seems extremely suspect. As a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers, Advance Auto should be relevant if economic troubles materialize. However, the only troubles so far center just on the company. Since the Jan. opener, AAP hemorrhaged over 55% of its equity value.
Last week, CNBC reported that Advance Auto plunged due to dismal results for tis first quarter of 2023 earnings report. Specifically, the company posted earnings per share of just 72 cents. In sharp contrast, analysts expected EPS to hit $2.57. Further, its Q1 sales of $3.42 billion just missed expectations calling for $3.43 billion. Later, a severe full-year profit downgrade sent AAP into a nosedive.
With all that said, the fundamental narrative remains relevant: under an economic challenge, let alone a full-blown crisis, people will keep their vehicles running for as long as possible. Therefore, AAP could be trading at a hefty discount. Sure, analysts remain very pensive about the opportunity. But if you’re looking for secure stocks during market crash, this one already did.
Chicago Rivet & Machine (CVR)
Source: Wright Studio/Shutterstock.com
Broadly speaking, boring but relevant enterprises such as Chicago Rivet & Machine (NYSEAMERICAN:CVR) usually make for solid ideas for stocks to buy before crash. Per its public profile, Chicago Rivet produces and sells rivets, cold-formed fasteners and parts, screw machine products, automatic rivet setting machines, automatic assembly equipment and parts and tools for such machines. It’s not groundbreaking stuff. However, CVR represents (literally) the nuts and bolts of the economy.
Despite the relevance, CVR fell more than 16% since the Jan. opener. In the past 365 days, it slipped almost 14%. In its most recent Q1 earnings report, net sales came out to $8.73 million, comparing unfavorably to the $9.2 million posted one year ago. Worryingly, fastener segment sales for non-automotive customers fell 12.3% year-over-year.
On the positive side, fastener sales to the automotive industry increased 2.1% YOY. As alluded to earlier, a recession might hurt auto sales. On the other hand, demand wealthier customers apparently remains strong, which could benefit CVR. Plus, the company’s boring but necessary products should serve it well across varying circumstances. Thus, it could be one of the safe investments during market volatility.
Tandem Diabetes Care (TNDM)
Source: ImageFlow/Shutterstock.com
Easily the riskiest entry on this list of stocks to buy before crash, Tandem Diabetes Care (NASDAQ:TNDM) is a medical device company dedicated to improving the lives of people with diabetes through relentless innovation and revolutionary customer experience. Per its public profile, Tandem takes an innovative, user-centric approach to the design, development and commercialization of products for people with diabetes who use insulin.
On paper, Tandem seems an incredibly relevant idea for stocks resistant to market crash. After all, health conditions don’t evaporate with the appearance of recessionary pressures. Unfortunately, the market takes a dim view regarding TNDM. Since the January opener, shares tumbled more than 44%. In the trailing one-year period, they’re down 61%.
So, why consider TNDM one of the best stocks during market crash? For one thing, it’s already at a low point. Much more importantly, the global diabetes devices market offers a lucrative arena. Valued at $26.7 billion in 2021, analysts project that the segment could expand at a compound annual growth rate (CAGR) of 8.2% from 2022 to 2030. At the forecast culmination, the sector could see revenue of $54.16 billion. That’s no guarantee, to be clear. Still, the adventurous types might be intrigued.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
The post 7 Names to Buy as Stock Market Crash Fears Fester appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FIVE Five Below $184.93 DLTR Dollar Tree $130.24 SRE Sempra $145.01 PGR Progressive Corp. $129.03 AAP Advance Auto Parts $65.59 CVR Chicago Rivet & Machine $23.98 TNDM Tandem Diabetes Care $24.25 Five Below (FIVE) Source: Zurijeta / Shutterstock.com Labeled as a leading high-growth value retailer offering trend-right, high-quality products for tweens, teens and beyond, Five Below (NASDAQ:FIVE) arguably cuts a nice niche in the discount retailer space. Advance Auto Parts (AAP) Source: AdityaB. Photography/ShutterStock.com Diving into the riskiest segment of stocks to buy before crash, Advance Auto Parts (NYSE:AAP) initially seems extremely suspect.
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FIVE Five Below $184.93 DLTR Dollar Tree $130.24 SRE Sempra $145.01 PGR Progressive Corp. $129.03 AAP Advance Auto Parts $65.59 CVR Chicago Rivet & Machine $23.98 TNDM Tandem Diabetes Care $24.25 Five Below (FIVE) Source: Zurijeta / Shutterstock.com Labeled as a leading high-growth value retailer offering trend-right, high-quality products for tweens, teens and beyond, Five Below (NASDAQ:FIVE) arguably cuts a nice niche in the discount retailer space. Advance Auto Parts (AAP) Source: AdityaB. Photography/ShutterStock.com Diving into the riskiest segment of stocks to buy before crash, Advance Auto Parts (NYSE:AAP) initially seems extremely suspect.
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FIVE Five Below $184.93 DLTR Dollar Tree $130.24 SRE Sempra $145.01 PGR Progressive Corp. $129.03 AAP Advance Auto Parts $65.59 CVR Chicago Rivet & Machine $23.98 TNDM Tandem Diabetes Care $24.25 Five Below (FIVE) Source: Zurijeta / Shutterstock.com Labeled as a leading high-growth value retailer offering trend-right, high-quality products for tweens, teens and beyond, Five Below (NASDAQ:FIVE) arguably cuts a nice niche in the discount retailer space. Advance Auto Parts (AAP) Source: AdityaB. Photography/ShutterStock.com Diving into the riskiest segment of stocks to buy before crash, Advance Auto Parts (NYSE:AAP) initially seems extremely suspect.
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FIVE Five Below $184.93 DLTR Dollar Tree $130.24 SRE Sempra $145.01 PGR Progressive Corp. $129.03 AAP Advance Auto Parts $65.59 CVR Chicago Rivet & Machine $23.98 TNDM Tandem Diabetes Care $24.25 Five Below (FIVE) Source: Zurijeta / Shutterstock.com Labeled as a leading high-growth value retailer offering trend-right, high-quality products for tweens, teens and beyond, Five Below (NASDAQ:FIVE) arguably cuts a nice niche in the discount retailer space. Advance Auto Parts (AAP) Source: AdityaB. Photography/ShutterStock.com Diving into the riskiest segment of stocks to buy before crash, Advance Auto Parts (NYSE:AAP) initially seems extremely suspect.
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10702.0
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2023-06-05 00:00:00 UTC
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Wells Fargo Maintains Advance Auto Parts (AAP) Equal-Weight Recommendation
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AAP
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https://www.nasdaq.com/articles/wells-fargo-maintains-advance-auto-parts-aap-equal-weight-recommendation-0
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nan
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nan
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Fintel reports that on June 5, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 25.03% Upside
As of June 1, 2023, the average one-year price target for Advance Auto Parts is 84.47. The forecasts range from a low of 57.57 to a high of $142.48. The average price target represents an increase of 25.03% from its latest reported closing price of 67.56.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $67.56 / share, the stock's dividend yield is 1.48%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.06 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1301 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 36 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%. Total shares owned by institutions decreased in the last three months by 4.56% to 63,985K shares.
The put/call ratio of AAP is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on June 5, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 5, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 5, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 5, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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10703.0
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2023-06-05 00:00:00 UTC
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Advance Auto Parts Did Too Much Too Fast On the Dividend
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-did-too-much-too-fast-on-the-dividend
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nan
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nan
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One way that a company can reward its shareholders is by paying a dividend. But fairly frequently, dividends end up being cut, which is not particularly shareholder-friendly. There's a fine line that has to be walked to ensure that a dividend is sustainable.
Advance Auto Parts (NYSE: AAP) tripped over that line and ended up cutting its dividend by over 80%. Here's why investors should have seen trouble on the horizon -- and what to look for at other companies, too.
The numbers were huge
Advance Auto Parts, which operates a chain of aftermarket auto parts stores, started 2019 paying a quarterly dividend of $0.06 per share. In the final quarter of that year, it increased the dividend to $0.25 per share. That's a huge increase in both absolute and percentage terms. But the board of directors wasn't done.
Image source: Getty Images.
Four quarters later, the quarterly dividend was increased again, to $1.00 per share. That's another massive hike on both an absolute and percentage basis. But just three quarters after that increase there was another large jump, this time to $1.50 per share per quarter. While not quite as large as the earlier dividend hikes, it was still a very big change. Indeed, a 10% annual increase is generally considered pretty compelling. A 50% hike like the last one (the smallest of the three!) is unusually generous.
In fact, between the start of 2019 and the end of 2022, just a four-year period, the dividend increased a shocking 2,400%. Check out the graph below -- that's not a typo. It would be understandable if dividend investors were excited by the prospects of getting in on a company that suddenly looked like a dividend growth machine. That massive growth over such a short period of time, however, should have been a warning sign to dig a little deeper.
AAP Dividend Per Share (Quarterly) data by YCharts
Things get tight
One of the key metrics that dividend investors monitor is the payout ratio, or how much of earnings is being pushed to investors in the form of dividends. Lower numbers are generally preferable, as they indicate that a company can easily cover its dividend payment. Advance Auto Parts' payout ratio was a very low 4% in 2019. It rose to a far more troubling 77% in 2022.
In some industries, a high payout ratio isn't something to get too upset about. And, with a ratio still below 100%, Advance Auto Parts was able to cover its dividend payments with earnings. The real warning was the dramatic change in the payout ratio over such a short period of time. Not only was there little room for further increases, but the payout ratio didn't leave much room for adversity if the company's business suddenly faced headwinds.
When interest rates started to rise, Advance Auto Parts slammed into a brick wall. For example, a quick look at the company's earnings statement shows that its interest costs more than doubled year over year in the first quarter of 2023, going from $12.8 million to $29.7 million. Times interest earned, which looks at a company's ability to pay its trailing interest costs, fell dramatically over the past year -- even though leverage, as measured by the debt-to-equity ratio, didn't really change all that much.
AAP Times Interest Earned (TTM) data by YCharts
All in, the retailer's ability to support its dividend was clearly weakening. These are signs that show up again and again prior to dividend cuts. The big difference here is that Advance Auto Parts chose to go down this path by increasing the dividend so much so quickly, which it really didn't have to do.
Most investors would likely have been happy if it had just increased the dividend 5% or 10% a year (which would have resulted in a dividend of around $0.09 per share per quarter after four annual increases). That would have left the company with plenty of room to continue paying, and perhaps even increasing, the dividend today.
Question everything
When it comes to dividends, investors always have to question whether the story is too good to be true -- because usually it is. Often the problem is a yield that is so high that it is unsustainable. In the case of Advance Auto Parts, the rapid dividend growth was a story that couldn't last. In the end, the stock crashed when the dividend was cut in the face of business adversity, something that every single company eventually faces.
The good thing about stories like this, however, is that you can learn from them and apply the lessons to future investments. Too much dividend growth too fast should be treated with skepticism. A rapid increase in the payout ratio is a warning of increasing dividend risk. And leverage and interest costs shouldn't be ignored, because the quickest way to free up cash for interest expenses and debt reduction is often cutting the dividend.
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Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (NYSE: AAP) tripped over that line and ended up cutting its dividend by over 80%. AAP Times Interest Earned (TTM) data by YCharts All in, the retailer's ability to support its dividend was clearly weakening. AAP Dividend Per Share (Quarterly) data by YCharts Things get tight One of the key metrics that dividend investors monitor is the payout ratio, or how much of earnings is being pushed to investors in the form of dividends.
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AAP Dividend Per Share (Quarterly) data by YCharts Things get tight One of the key metrics that dividend investors monitor is the payout ratio, or how much of earnings is being pushed to investors in the form of dividends. Advance Auto Parts (NYSE: AAP) tripped over that line and ended up cutting its dividend by over 80%. AAP Times Interest Earned (TTM) data by YCharts All in, the retailer's ability to support its dividend was clearly weakening.
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AAP Dividend Per Share (Quarterly) data by YCharts Things get tight One of the key metrics that dividend investors monitor is the payout ratio, or how much of earnings is being pushed to investors in the form of dividends. Advance Auto Parts (NYSE: AAP) tripped over that line and ended up cutting its dividend by over 80%. AAP Times Interest Earned (TTM) data by YCharts All in, the retailer's ability to support its dividend was clearly weakening.
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Advance Auto Parts (NYSE: AAP) tripped over that line and ended up cutting its dividend by over 80%. AAP Dividend Per Share (Quarterly) data by YCharts Things get tight One of the key metrics that dividend investors monitor is the payout ratio, or how much of earnings is being pushed to investors in the form of dividends. AAP Times Interest Earned (TTM) data by YCharts All in, the retailer's ability to support its dividend was clearly weakening.
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10704.0
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2023-06-04 00:00:00 UTC
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Advance Auto Parts Inc Shares Fall 1.0% Below Previous 52-Week Low - Market Mover
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-shares-fall-1.0-below-previous-52-week-low-market-mover
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nan
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nan
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Advance Auto Parts Inc (AAP) shares closed 1.0% lower than its previous 52 week low, giving the company a market cap of $4B. The stock is currently down 53.5% year-to-date, down 63.1% over the past 12 months, and down 43.9% over the past five years. This week, the Dow Jones Industrial Average rose 2.2%, and the S&P 500 rose 1.9%.
Trading Activity
Trading volume this week was 150.2% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by 611.1%
The company's stock price performance over the past 12 months lags the peer average by 102022.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -337.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (AAP) shares closed 1.0% lower than its previous 52 week low, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 611.1% The company's stock price performance over the past 12 months lags the peer average by 102022.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -337.3% higher than the average peer.
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Advance Auto Parts Inc (AAP) shares closed 1.0% lower than its previous 52 week low, giving the company a market cap of $4B. This week, the Dow Jones Industrial Average rose 2.2%, and the S&P 500 rose 1.9%. Trading Activity Trading volume this week was 150.2% higher than the 20-day average.
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Advance Auto Parts Inc (AAP) shares closed 1.0% lower than its previous 52 week low, giving the company a market cap of $4B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 611.1% The company's stock price performance over the past 12 months lags the peer average by 102022.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -337.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Advance Auto Parts Inc (AAP) shares closed 1.0% lower than its previous 52 week low, giving the company a market cap of $4B. This week, the Dow Jones Industrial Average rose 2.2%, and the S&P 500 rose 1.9%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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10705.0
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2023-06-02 00:00:00 UTC
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Notable Friday Option Activity: TGT, AAP, WYNN
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AAP
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-tgt-aap-wynn
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Target Corp (Symbol: TGT), where a total of 86,822 contracts have traded so far, representing approximately 8.7 million underlying shares. That amounts to about 141.2% of TGT's average daily trading volume over the past month of 6.1 million shares. Especially high volume was seen for the $132 strike call option expiring June 02, 2023, with 3,624 contracts trading so far today, representing approximately 362,400 underlying shares of TGT. Below is a chart showing TGT's trailing twelve month trading history, with the $132 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 34,488 contracts, representing approximately 3.4 million underlying shares or approximately 137.2% of AAP's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $60 strike put option expiring July 14, 2023, with 3,010 contracts trading so far today, representing approximately 301,000 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Wynn Resorts Ltd (Symbol: WYNN) options are showing a volume of 39,095 contracts thus far today. That number of contracts represents approximately 3.9 million underlying shares, working out to a sizeable 130.8% of WYNN's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $108 strike call option expiring June 09, 2023, with 7,406 contracts trading so far today, representing approximately 740,600 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $108 strike highlighted in orange:
For the various different available expirations for TGT options, AAP options, or WYNN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Stocks Held By Bruce Berkowitz
CRKN Historical Stock Prices
DNLI Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $60 strike put option expiring July 14, 2023, with 3,010 contracts trading so far today, representing approximately 301,000 underlying shares of AAP. Below is a chart showing TGT's trailing twelve month trading history, with the $132 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 34,488 contracts, representing approximately 3.4 million underlying shares or approximately 137.2% of AAP's average daily trading volume over the past month, of 2.5 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $60 strike highlighted in orange: And Wynn Resorts Ltd (Symbol: WYNN) options are showing a volume of 39,095 contracts thus far today.
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Below is a chart showing TGT's trailing twelve month trading history, with the $132 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 34,488 contracts, representing approximately 3.4 million underlying shares or approximately 137.2% of AAP's average daily trading volume over the past month, of 2.5 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $60 strike highlighted in orange: And Wynn Resorts Ltd (Symbol: WYNN) options are showing a volume of 39,095 contracts thus far today. Especially high volume was seen for the $60 strike put option expiring July 14, 2023, with 3,010 contracts trading so far today, representing approximately 301,000 underlying shares of AAP.
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Below is a chart showing TGT's trailing twelve month trading history, with the $132 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 34,488 contracts, representing approximately 3.4 million underlying shares or approximately 137.2% of AAP's average daily trading volume over the past month, of 2.5 million shares. Below is a chart showing WYNN's trailing twelve month trading history, with the $108 strike highlighted in orange: For the various different available expirations for TGT options, AAP options, or WYNN options, visit StockOptionsChannel.com. Especially high volume was seen for the $60 strike put option expiring July 14, 2023, with 3,010 contracts trading so far today, representing approximately 301,000 underlying shares of AAP.
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Below is a chart showing TGT's trailing twelve month trading history, with the $132 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) saw options trading volume of 34,488 contracts, representing approximately 3.4 million underlying shares or approximately 137.2% of AAP's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $60 strike put option expiring July 14, 2023, with 3,010 contracts trading so far today, representing approximately 301,000 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $60 strike highlighted in orange: And Wynn Resorts Ltd (Symbol: WYNN) options are showing a volume of 39,095 contracts thus far today.
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10706.0
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2023-06-02 00:00:00 UTC
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Goldman Sachs Maintains Advance Auto Parts (AAP) Neutral Recommendation
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AAP
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https://www.nasdaq.com/articles/goldman-sachs-maintains-advance-auto-parts-aap-neutral-recommendation
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nan
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nan
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation.
Analyst Price Forecast Suggests 24.17% Upside
As of June 1, 2023, the average one-year price target for Advance Auto Parts is 84.47. The forecasts range from a low of 57.57 to a high of $142.48. The average price target represents an increase of 24.17% from its latest reported closing price of 68.03.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $68.03 / share, the stock's dividend yield is 1.47%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.06 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1301 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 36 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%. Total shares owned by institutions decreased in the last three months by 4.56% to 63,983K shares.
The put/call ratio of AAP is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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10707.0
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2023-06-02 00:00:00 UTC
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Goldman Sachs Maintains Advance Auto Parts (AAP) Neutral Recommendation
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AAP
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https://www.nasdaq.com/articles/goldman-sachs-maintains-advance-auto-parts-aap-neutral-recommendation-0
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nan
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nan
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation.
Analyst Price Forecast Suggests 24.17% Upside
As of June 1, 2023, the average one-year price target for Advance Auto Parts is 84.47. The forecasts range from a low of 57.57 to a high of $142.48. The average price target represents an increase of 24.17% from its latest reported closing price of 68.03.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $68.03 / share, the stock's dividend yield is 1.47%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.06 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1301 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 36 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%. Total shares owned by institutions decreased in the last three months by 4.56% to 63,983K shares.
The put/call ratio of AAP is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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Fintel reports that on June 2, 2023, Goldman Sachs maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.28%.
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10708.0
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2023-06-01 00:00:00 UTC
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Truist Securities Maintains Advance Auto Parts (AAP) Hold Recommendation
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AAP
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https://www.nasdaq.com/articles/truist-securities-maintains-advance-auto-parts-aap-hold-recommendation
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nan
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nan
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Fintel reports that on June 1, 2023, Truist Securities maintained coverage of Advance Auto Parts (NYSE:AAP) with a Hold recommendation.
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on June 1, 2023, Truist Securities maintained coverage of Advance Auto Parts (NYSE:AAP) with a Hold recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Truist Securities maintained coverage of Advance Auto Parts (NYSE:AAP) with a Hold recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Truist Securities maintained coverage of Advance Auto Parts (NYSE:AAP) with a Hold recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Truist Securities maintained coverage of Advance Auto Parts (NYSE:AAP) with a Hold recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10709.0
|
2023-06-01 00:00:00 UTC
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JP Morgan Downgrades Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/jp-morgan-downgrades-advance-auto-parts-aap
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nan
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nan
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Fintel reports that on June 1, 2023, JP Morgan downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Overweight to Neutral .
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on June 1, 2023, JP Morgan downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Overweight to Neutral . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, JP Morgan downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Overweight to Neutral . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, JP Morgan downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Overweight to Neutral . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, JP Morgan downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Overweight to Neutral . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10710.0
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2023-06-01 00:00:00 UTC
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UBS Maintains Advance Auto Parts (AAP) Neutral Recommendation
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AAP
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https://www.nasdaq.com/articles/ubs-maintains-advance-auto-parts-aap-neutral-recommendation-0
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nan
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nan
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Fintel reports that on June 1, 2023, UBS maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation.
Analyst Price Forecast Suggests 15.89% Upside
As of June 1, 2023, the average one-year price target for Advance Auto Parts is 84.47. The forecasts range from a low of 57.57 to a high of $142.48. The average price target represents an increase of 15.89% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on June 1, 2023, UBS maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, UBS maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, UBS maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, UBS maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10711.0
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2023-06-01 00:00:00 UTC
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Evercore ISI Group Maintains Advance Auto Parts (AAP) In-Line Recommendation
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AAP
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https://www.nasdaq.com/articles/evercore-isi-group-maintains-advance-auto-parts-aap-in-line-recommendation
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nan
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nan
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Fintel reports that on June 1, 2023, Evercore ISI Group maintained coverage of Advance Auto Parts (NYSE:AAP) with a In-Line recommendation.
Analyst Price Forecast Suggests 15.89% Upside
As of June 1, 2023, the average one-year price target for Advance Auto Parts is 84.47. The forecasts range from a low of 57.57 to a high of $142.48. The average price target represents an increase of 15.89% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on June 1, 2023, Evercore ISI Group maintained coverage of Advance Auto Parts (NYSE:AAP) with a In-Line recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Evercore ISI Group maintained coverage of Advance Auto Parts (NYSE:AAP) with a In-Line recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Evercore ISI Group maintained coverage of Advance Auto Parts (NYSE:AAP) with a In-Line recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
|
Fintel reports that on June 1, 2023, Evercore ISI Group maintained coverage of Advance Auto Parts (NYSE:AAP) with a In-Line recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10712.0
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2023-06-01 00:00:00 UTC
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RBC Capital Maintains Advance Auto Parts (AAP) Sector Perform Recommendation
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AAP
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https://www.nasdaq.com/articles/rbc-capital-maintains-advance-auto-parts-aap-sector-perform-recommendation
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nan
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nan
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Fintel reports that on June 1, 2023, RBC Capital maintained coverage of Advance Auto Parts (NYSE:AAP) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on June 1, 2023, RBC Capital maintained coverage of Advance Auto Parts (NYSE:AAP) with a Sector Perform recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, RBC Capital maintained coverage of Advance Auto Parts (NYSE:AAP) with a Sector Perform recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, RBC Capital maintained coverage of Advance Auto Parts (NYSE:AAP) with a Sector Perform recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, RBC Capital maintained coverage of Advance Auto Parts (NYSE:AAP) with a Sector Perform recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10713.0
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2023-06-01 00:00:00 UTC
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Company News for Jun 1, 2023
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AAP
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https://www.nasdaq.com/articles/company-news-for-jun-1-2023
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nan
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nan
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Shares of Advance Auto Parts, Inc. (AAP) plummeted 35% after the company reported first-quarter 2023 earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share.
Box, Inc.’s (BOX) shares gained 0.5% after the company reported first-quarter fiscal 2024 earnings of $0.32 per share, surpassing the Zacks Consensus Estimate of $0.27 per share.
Shares of Hewlett Packard Enterprise Company (HPE) tumbled 7.1% after the company reported second-quarter fiscal 2023 revenues of $6.97 billion, missing the Zacks Consensus Estimate of $7.28 billion.
HP Inc.’s (HPQ) shares declined 6.1% after the company reported second-quarter fiscal 2023 revenues of $12.91 billion, lagging the Zacks Consensus Estimate of $13.07 billion.
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HP Inc. (HPQ) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
Box, Inc. (BOX) : Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Advance Auto Parts, Inc. (AAP) plummeted 35% after the company reported first-quarter 2023 earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Hewlett Packard Enterprise Company (HPE) tumbled 7.1% after the company reported second-quarter fiscal 2023 revenues of $6.97 billion, missing the Zacks Consensus Estimate of $7.28 billion.
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Shares of Advance Auto Parts, Inc. (AAP) plummeted 35% after the company reported first-quarter 2023 earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Hewlett Packard Enterprise Company (HPE) tumbled 7.1% after the company reported second-quarter fiscal 2023 revenues of $6.97 billion, missing the Zacks Consensus Estimate of $7.28 billion.
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Shares of Advance Auto Parts, Inc. (AAP) plummeted 35% after the company reported first-quarter 2023 earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. Box, Inc.’s (BOX) shares gained 0.5% after the company reported first-quarter fiscal 2024 earnings of $0.32 per share, surpassing the Zacks Consensus Estimate of $0.27 per share.
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Shares of Advance Auto Parts, Inc. (AAP) plummeted 35% after the company reported first-quarter 2023 earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. Box, Inc.’s (BOX) shares gained 0.5% after the company reported first-quarter fiscal 2024 earnings of $0.32 per share, surpassing the Zacks Consensus Estimate of $0.27 per share.
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10714.0
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2023-06-01 00:00:00 UTC
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Citigroup Maintains Advance Auto Parts (AAP) Neutral Recommendation
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AAP
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https://www.nasdaq.com/articles/citigroup-maintains-advance-auto-parts-aap-neutral-recommendation
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nan
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nan
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Fintel reports that on June 1, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation.
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on June 1, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10715.0
|
2023-06-01 00:00:00 UTC
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Why Shares in Advance Auto Parts Got Crushed This Week
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AAP
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https://www.nasdaq.com/articles/why-shares-in-advance-auto-parts-got-crushed-this-week
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nan
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nan
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What happened
Shares in automotive aftermarket retailer parts retailer Advance Auto Parts (NYSE: AAP) are down an incredible 38% in the week to midday on Thursday, according to data provided by S&P Global Market Intelligence. The move comes after a disappointing earnings release on Wednesday that led to a slump in the share price and a slew of analyst downgrades a day later.
So what
The developments are significant. Not only did Advance report results below expectations, but management also cut its full-year guidance, and the board of directors slashed the quarterly dividend from $1.50 to $0.25. After reporting a 0.4% decrease in comparable-store sales in the first quarter, management now expects full-year compare store sales to be in the range of a 1% decline to flat in 2022, compared to prior guidance for growth of 1% to 3%.
An operating margin of 2.6% was "well below expectations," according to CEO Tom Greco. He put it down to "higher-than-planned investments to narrow competitive price gaps in the professional sales channel, as well as unfavorable product mix."
Now what
Perhaps the most positive take on matters is that management might be taking action to throw the kitchen sink at its earnings before Greco's retirement at the end of the year. However, a more negative, and perhaps realistic, appraisal is that Advance has consistently failed to match the operating metrics of its peers.
In a familiar refrain, Greco talked of being "focused on improving inventory availability," and CFO Jeff Shepherd said, "We are committed to improving our operational performance."
Making the right inventory readily available in stores is a key part of the time-sensitive auto parts retail business, as is improving operational performance, notably on margins. Indeed, the opportunity for Advance to play catch-up on these matters enticed activist investor Starboard Value to build a position in 2015.
However, Starboard exited its position in 2021, and investors would have been wise to follow, as there's been a minimal tangible improvement on Advance's key operational metrics over the years. There's no good reason to buy the stock until Advance Auto Parts' management demonstrates improvements.
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Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares in automotive aftermarket retailer parts retailer Advance Auto Parts (NYSE: AAP) are down an incredible 38% in the week to midday on Thursday, according to data provided by S&P Global Market Intelligence. Not only did Advance report results below expectations, but management also cut its full-year guidance, and the board of directors slashed the quarterly dividend from $1.50 to $0.25. He put it down to "higher-than-planned investments to narrow competitive price gaps in the professional sales channel, as well as unfavorable product mix."
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What happened Shares in automotive aftermarket retailer parts retailer Advance Auto Parts (NYSE: AAP) are down an incredible 38% in the week to midday on Thursday, according to data provided by S&P Global Market Intelligence. After reporting a 0.4% decrease in comparable-store sales in the first quarter, management now expects full-year compare store sales to be in the range of a 1% decline to flat in 2022, compared to prior guidance for growth of 1% to 3%. Making the right inventory readily available in stores is a key part of the time-sensitive auto parts retail business, as is improving operational performance, notably on margins.
|
What happened Shares in automotive aftermarket retailer parts retailer Advance Auto Parts (NYSE: AAP) are down an incredible 38% in the week to midday on Thursday, according to data provided by S&P Global Market Intelligence. There's no good reason to buy the stock until Advance Auto Parts' management demonstrates improvements. 10 stocks we like better than Advance Auto Parts When our analyst team has a stock tip, it can pay to listen.
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What happened Shares in automotive aftermarket retailer parts retailer Advance Auto Parts (NYSE: AAP) are down an incredible 38% in the week to midday on Thursday, according to data provided by S&P Global Market Intelligence. Making the right inventory readily available in stores is a key part of the time-sensitive auto parts retail business, as is improving operational performance, notably on margins. However, Starboard exited its position in 2021, and investors would have been wise to follow, as there's been a minimal tangible improvement on Advance's key operational metrics over the years.
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10716.0
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2023-06-01 00:00:00 UTC
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Raymond James Downgrades Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/raymond-james-downgrades-advance-auto-parts-aap
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nan
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nan
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Fintel reports that on June 1, 2023, Raymond James downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Strong Buy to Market Perform .
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on June 1, 2023, Raymond James downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Strong Buy to Market Perform . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Raymond James downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Strong Buy to Market Perform . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Raymond James downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Strong Buy to Market Perform . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Raymond James downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Strong Buy to Market Perform . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10717.0
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2023-06-01 00:00:00 UTC
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Barclays Maintains Advance Auto Parts (AAP) Equal-Weight Recommendation
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AAP
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https://www.nasdaq.com/articles/barclays-maintains-advance-auto-parts-aap-equal-weight-recommendation
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nan
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nan
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Fintel reports that on June 1, 2023, Barclays maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on June 1, 2023, Barclays maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Barclays maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Barclays maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Barclays maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10718.0
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2023-06-01 00:00:00 UTC
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Wedbush Maintains Advance Auto Parts (AAP) Neutral Recommendation
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AAP
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https://www.nasdaq.com/articles/wedbush-maintains-advance-auto-parts-aap-neutral-recommendation-0
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nan
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nan
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Fintel reports that on June 1, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation.
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fintel reports that on June 1, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10719.0
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2023-06-01 00:00:00 UTC
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The Simple Lesson from Advance Auto Parts Disastrous Earnings Report
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AAP
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https://www.nasdaq.com/articles/the-simple-lesson-from-advance-auto-parts-disastrous-earnings-report
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nan
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nan
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Advance Auto Parts (US:AAP) delivered an earnings report that was a disaster by almost every measure, pulling down the entire auto parts sector as a result. That may be a buy-the-dip opportunity, but not likely for AAP stock. That’s because the results from Advanced Auto Parts is reinforcing a time-honored truth for investing in volatile markets: Buy the best and forget the rest.
As of Thursday's pre-market activity, AAP stock is down a further 2.5%, as it extends a more than 60% decline over the last 12 months.
The auto parts sector has had tailwinds for the last three years. First, a global pandemic and supply chain disruptions effectively suspended new car sales and lifted the prices of used cars. This made keeping existing cars in top working order a priority. The perfect storm continued as consumers were lush with stimulus money and had a lot of time on their hands.
This trend has stayed in place even as the economy reopened due to the stickiness of inflation that was weighing on consumer budgets. But as the economy is starting to weaken, slices of the auto parts pie are getting smaller. And that means this is a time for investors to look for the sector leaders. Advanced Auto Parts doesn’t fit that description.
Disastrous Earnings Report by Any Measure
Let’s start with what was, perhaps, the least bad news. The auto parts retailer had only a slight miss on the top line. Revenue came in at $3.42 billion which was below the $3.43 billion expected by analysts. In fairness, it was a 1.3% year-over-year gain from the $3.37 billion reported in the same quarter in 2022.
That slight miss, however, was the highlight of the report. Earnings per share (EPS) came in at 72 cents. However, analysts were expecting EPS of $2.57. That could be excused, but the company also reduced its guidance for the full year on both the top and bottom lines.
There was more bad news when it came to comparable store sales and margins, both of which were lower than expected. The company even took a pre-emptive step in cutting its dividend by over 80%. The move was made “to provide enhanced financial flexibility” for the remainder of the year.
A Laggard Not a Leader
That’s plenty for investors to digest. But the report should be looked at in context of where Advanced Auto Parts stands within the sector.
On May 23, 2023, AutoZone (US:AZO) beat on both the top and bottom lines and the company raised its earnings outlook for the remainder of the year. A similar story emerged for O’Reilly Automotive (US:ORLY). While its report was more mixed than that of AutoZone, it still reflects a company that is one of the leaders in the sector. Both stocks are clawing back this morning from Wednesday's sector decline.
Advanced Auto Parts, by contrast, has always been a laggard in terms of revenue and earnings. Even before the pandemic, the company was lagging behind its competitors. In a weakening economy, that change is becoming more pronounced.
The lesson for investors is that this is a time to buy the best. And when it comes to auto parts manufacturers, there are better options. Advanced Auto Parts has looked like an undervalued stock. Data from Fintel gives it a Value score of 81.21. The dividend was most likely the key reason for positive investor sentiment. But with that dividend being cut, one of the main reasons to own AAP stock goes away.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (US:AAP) delivered an earnings report that was a disaster by almost every measure, pulling down the entire auto parts sector as a result. That may be a buy-the-dip opportunity, but not likely for AAP stock. As of Thursday's pre-market activity, AAP stock is down a further 2.5%, as it extends a more than 60% decline over the last 12 months.
|
Advance Auto Parts (US:AAP) delivered an earnings report that was a disaster by almost every measure, pulling down the entire auto parts sector as a result. That may be a buy-the-dip opportunity, but not likely for AAP stock. As of Thursday's pre-market activity, AAP stock is down a further 2.5%, as it extends a more than 60% decline over the last 12 months.
|
Advance Auto Parts (US:AAP) delivered an earnings report that was a disaster by almost every measure, pulling down the entire auto parts sector as a result. That may be a buy-the-dip opportunity, but not likely for AAP stock. As of Thursday's pre-market activity, AAP stock is down a further 2.5%, as it extends a more than 60% decline over the last 12 months.
|
Advance Auto Parts (US:AAP) delivered an earnings report that was a disaster by almost every measure, pulling down the entire auto parts sector as a result. That may be a buy-the-dip opportunity, but not likely for AAP stock. As of Thursday's pre-market activity, AAP stock is down a further 2.5%, as it extends a more than 60% decline over the last 12 months.
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10720.0
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2023-06-01 00:00:00 UTC
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Advance Auto Parts (AAP) Declares $0.25 Dividend
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-declares-%240.25-dividend
|
nan
|
nan
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Advance Auto Parts said on May 31, 2023 that its board of directors declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Previously, the company paid $1.50 per share.
Shares must be purchased before the ex-div date of July 13, 2023 to qualify for the dividend. Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. The put/call ratio of AAP is 0.96, indicating a bullish outlook. The projected annual non-GAAP EPS is 13.56.
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Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. The put/call ratio of AAP is 0.96, indicating a bullish outlook. The projected annual non-GAAP EPS is 13.56.
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Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. The put/call ratio of AAP is 0.96, indicating a bullish outlook. The projected annual non-GAAP EPS is 13.56.
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Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. The put/call ratio of AAP is 0.96, indicating a bullish outlook. The projected annual non-GAAP EPS is 13.56.
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10721.0
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2023-06-01 00:00:00 UTC
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Goldman Sachs Downgrades Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/goldman-sachs-downgrades-advance-auto-parts-aap
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nan
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nan
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Fintel reports that on June 1, 2023, Goldman Sachs downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Neutral .
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on June 1, 2023, Goldman Sachs downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Neutral . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Goldman Sachs downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Neutral . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Goldman Sachs downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Neutral . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Goldman Sachs downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Neutral . The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10722.0
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2023-06-01 00:00:00 UTC
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Morgan Stanley Maintains Advance Auto Parts (AAP) Equal-Weight Recommendation
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AAP
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https://www.nasdaq.com/articles/morgan-stanley-maintains-advance-auto-parts-aap-equal-weight-recommendation-0
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nan
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nan
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Fintel reports that on June 1, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 109.18% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 109.18% from its latest reported closing price of 72.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $0.25 Dividend
On May 31, 2023 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $72.89 / share, the stock's dividend yield is 1.37%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.39%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.46 (n=237).
The current dividend yield is 0.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1300 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 40 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%. Total shares owned by institutions decreased in the last three months by 4.63% to 63,983K shares.
The put/call ratio of AAP is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on June 1, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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Fintel reports that on June 1, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 16.94%.
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10723.0
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2023-05-31 00:00:00 UTC
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Why Shares in AutoZone Fell Today
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AAP
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https://www.nasdaq.com/articles/why-shares-in-autozone-fell-today
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nan
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nan
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What happened
Shares in auto parts retailer AutoZone (NYSE: AZO) were down 3.3% at noontime today. The move comes in conjunction with a similar decline at its peer, O'Reilly Automotive (NASDAQ: ORLY), with both stocks driven down by a shocking set of first-quarter earnings from another peer, Advance Auto Parts (NYSE: AAP).
Naturally, when a peer in a highly competitive industry misses its quarterly guidance and slashes its full-year outlook, the read-across is a cause for concern.
Advance's Q1 earnings report wasn't pretty. Its comparable-store sales declined by 0.4% year over year, and its 2.6% operating margin was "well below expectations due to higher than planned investments to narrow competitive price gaps in the professional sales channel as well as unfavorable product mix," according to Advance's CEO Tom Greco. Moreover, Greco now expects full-year comparable-store sales to be in the range of a decline of 1% to flat in 2022 compared to previous guidance for a 1% to 3% increase.
So what
While Advance's problems are a worry, it's probably a good idea to take a step back and consider some key points. First, AutoZone reported a week earlier; despite suffering a weak March, its domestic same-store sales growth was 1.9% in the quarter. Meanwhile, O'Reilly's comparable-store sales growth was a whopping 10.8% in the quarter finishing at the end of March.
Second, as the chart below demonstrates, Advance has long been the laggard in sales growth and operating margin in the auto parts sector.
Data by YCharts.
As previously noted, even the intervention of a well-respected activist hedge fund manager wasn't enough to improve its operational metrics.
Now what
This looks like an Advance Auto Parts problem, not one related to AutoZone. As such, don't be surprised if the latter's stock gains back ground after the initial negative surprise at one of its rivals.
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Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The move comes in conjunction with a similar decline at its peer, O'Reilly Automotive (NASDAQ: ORLY), with both stocks driven down by a shocking set of first-quarter earnings from another peer, Advance Auto Parts (NYSE: AAP). Naturally, when a peer in a highly competitive industry misses its quarterly guidance and slashes its full-year outlook, the read-across is a cause for concern. First, AutoZone reported a week earlier; despite suffering a weak March, its domestic same-store sales growth was 1.9% in the quarter.
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The move comes in conjunction with a similar decline at its peer, O'Reilly Automotive (NASDAQ: ORLY), with both stocks driven down by a shocking set of first-quarter earnings from another peer, Advance Auto Parts (NYSE: AAP). Its comparable-store sales declined by 0.4% year over year, and its 2.6% operating margin was "well below expectations due to higher than planned investments to narrow competitive price gaps in the professional sales channel as well as unfavorable product mix," according to Advance's CEO Tom Greco. Moreover, Greco now expects full-year comparable-store sales to be in the range of a decline of 1% to flat in 2022 compared to previous guidance for a 1% to 3% increase.
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The move comes in conjunction with a similar decline at its peer, O'Reilly Automotive (NASDAQ: ORLY), with both stocks driven down by a shocking set of first-quarter earnings from another peer, Advance Auto Parts (NYSE: AAP). Its comparable-store sales declined by 0.4% year over year, and its 2.6% operating margin was "well below expectations due to higher than planned investments to narrow competitive price gaps in the professional sales channel as well as unfavorable product mix," according to Advance's CEO Tom Greco. See the 10 stocks *Stock Advisor returns as of May 30, 2023 Lee Samaha has no position in any of the stocks mentioned.
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The move comes in conjunction with a similar decline at its peer, O'Reilly Automotive (NASDAQ: ORLY), with both stocks driven down by a shocking set of first-quarter earnings from another peer, Advance Auto Parts (NYSE: AAP). Moreover, Greco now expects full-year comparable-store sales to be in the range of a decline of 1% to flat in 2022 compared to previous guidance for a 1% to 3% increase. Now what This looks like an Advance Auto Parts problem, not one related to AutoZone.
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10724.0
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2023-05-31 00:00:00 UTC
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US STOCKS-Wall St falls on Fed hike jitters ahead of debt ceiling vote
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AAP
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https://www.nasdaq.com/articles/us-stocks-wall-st-falls-on-fed-hike-jitters-ahead-of-debt-ceiling-vote
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nan
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nan
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By Shreyashi Sanyal and Shashwat Chauhan
May 31 (Reuters) - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a crucial vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve.
A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later in the evening.
House passage would send the bill to the Senate, where debate could stretch to the weekend, as a June 5 deadline loomed.
"All signs point to the deal getting done but there's headlines about some Congress people who are against it," said Joe Saluzzi, co-manager of trading at Themis Trading. "Until that deal gets done, there will be a little bit of nervousness."
The Labor Department's Job Openings and Labor Turnover Survey, or the JOLTS report, showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market.
Traders are currently pricing in a nearly 70% chance of a 25-basis point increase at the Fed's June 13-14 meeting, compared to a little more than 60% chance a day earlier. FEDWATCH
"JOLTS is a shock," said Phil Blancato, chief executive officer at Ladenburg Thalmann Asset Management in New York.
"The reality is that we're just not past this inflationary moment and it means that the Fed is not done, they're going to raise in June and probably again after that."
Investors now await the Labor Department's closely watched jobs report for May, due on Friday.
At 12:01 p.m. ET the Dow Jones Industrial Average .DJI was down 257.87 points, or 0.78%, at 32,784.91, the S&P 500 .SPX was down 32.97 points, or 0.78%, at 4,172.55 and the Nasdaq Composite .IXIC was down 91.70 points, or 0.70%, at 12,925.73.
Technology-led gains have put the Nasdaq on track for its best performance in May since 2020, up 5.7%. The S&P 500 was set to end the month flat, while the Dow shed 3.8%.
The Federal Deposit Insurance Corporation said U.S. banks saw total deposits decline by a record 2.5% in the first quarter of 2023, after two large bank failures.
The S&P 500 financial sector index .SPSY fell 1.7%, while banks .SPXBK dropped 2.7%.
Advance Auto Parts Inc AAP.N plunged 33.9%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts.
Shares of other autoparts companies including Genuine PartsCo GPC.N, Autozone AZO.N and O'Reily Automotive ORLY.O fell between 4.2% and 5.5%.
Hewlett Packard Enterprise Co HPE.N slipped 7.1% as it missed Wall Street estimates for second-quarter revenue.
Nvidia Corp's NVDA.O shares fell 3.6% after hitting a record high on Tuesday as it briefly crossed $1 trillion in market value, banking on the AI boom.
Declining issues outnumbered advancers for a 2.21-to-1 ratio on the NYSE and for a 2.02-to-1 ratio on the Nasdaq.
The S&P index recorded three new 52-week highs and 22 new lows, while the Nasdaq recorded 26 new highs and 134 new lows.
S&P 500 sector performance for May https://tmsnrt.rs/42hpcW3
(Reporting by Shreyashi Sanyal and Shashwat Chauhan in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc AAP.N plunged 33.9%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. By Shreyashi Sanyal and Shashwat Chauhan May 31 (Reuters) - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a crucial vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later in the evening.
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Advance Auto Parts Inc AAP.N plunged 33.9%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. The Labor Department's Job Openings and Labor Turnover Survey, or the JOLTS report, showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market. The S&P index recorded three new 52-week highs and 22 new lows, while the Nasdaq recorded 26 new highs and 134 new lows.
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Advance Auto Parts Inc AAP.N plunged 33.9%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. By Shreyashi Sanyal and Shashwat Chauhan May 31 (Reuters) - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a crucial vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve. The Labor Department's Job Openings and Labor Turnover Survey, or the JOLTS report, showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market.
|
Advance Auto Parts Inc AAP.N plunged 33.9%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later in the evening. Traders are currently pricing in a nearly 70% chance of a 25-basis point increase at the Fed's June 13-14 meeting, compared to a little more than 60% chance a day earlier.
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10725.0
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2023-05-31 00:00:00 UTC
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Advance Auto (AAP) Q1 Earnings & Revenues Miss Estimates
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AAP
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https://www.nasdaq.com/articles/advance-auto-aap-q1-earnings-revenues-miss-estimates
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nan
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nan
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Advance Auto Parts, Inc. AAP delivered adjusted earnings of 72 cents per share in first-quarter 2023, down 68.1% from the year-ago quarter's figure. The reported figure fell short of the Zacks Consensus Estimate of $2.60 per share. Advance Auto generated net revenues of $3,417.6 million lagged the Zacks Consensus Estimate of $3,427 million, but increased 1.3% year over year.
Comparable store sales dropped 0.4%. Operating income plunged 55.7% year over year to $90 million. SG&A expenses totaled $1,380 million for first-quarter 2023, up 5.9% year over year.
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. price-consensus-eps-surprise-chart | Advance Auto Parts, Inc. Quote
Financial Position
Advance Auto had cash and cash equivalents of $226.4 million as of Apr 22, 2023, compared with $269.3 million on Dec 31, 2023. Total long-term debt was $1,784.6 million as of Apr 22, 2023, up from $1,188.3 million on Dec 31, 2023. Year to date, net cash used by operating activities and FCF totaled $378.9 million and $468.9 million, respectively.
Dividend & Share Repurchase
AAP’s board slashed the cash dividend to 25 cents per share, which would be paid out on Jul 28, 2023, to all common shareholders of record as of Jul 14, 2023.
During the quarter under discussion, AAP repurchased around $12.6 million worth of shares.
Store Update
As of Apr 22, 2023, AAP operated 5,096 stores and 318 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. It also served 1,315 independently owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean islands.
Revised Guidance 2023
Advance Auto estimates 2023 net sales in the band of $11.2-$11.3 billion, down from the previous range of $11.4-$11.6 billion. Comparable store sales are now expected between 1% and 0%, down from the prior range of 1-3%. Adjusted operating income margin is envisioned in the range of 5-5.3%, down from previous guidance of 7.8-8.2%.
Advance Auto expects 2023 capex in the range of $250-$300 million, down from $300-$350 million. The company projects FCF in the band of $200-$300 million, down from the prior guidance of a minimum of $400 million. Diluted EPS is forecast between $6-$6.50 per share, down from the prior estimate of $10.2-$11.2 per share. It aims to open 40 to 60 new stores this year, which is lower than its prior estimate of 60-80 stores.
Zacks Rank & Key Picks
AAP currently carries a Zacks Rank #3 (Hold).
Some better-ranked players in the auto space are Ford Motor F, General Motors GM and Wabash National WNC, all sporting a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ford is one of the leading automakers in the world. The Zacks Consensus Estimate for F’s 2023 sales suggests year-over-year growth of 7.6%.
General Motors is one of the world’s largest automakers. The Zacks Consensus Estimate for GM’s 2023 sales indicates year-over-year growth of 4.5%.
Wabash is one of the leading manufacturers of semi-trailers in North America. The Zacks Consensus Estimate for WNC’s 2023 sales and earnings indicates year-over-year growth of 12% and 90.7%, respectively.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
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Ford Motor Company (F) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
General Motors Company (GM) : Free Stock Analysis Report
Wabash National Corporation (WNC) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP delivered adjusted earnings of 72 cents per share in first-quarter 2023, down 68.1% from the year-ago quarter's figure. Dividend & Share Repurchase AAP’s board slashed the cash dividend to 25 cents per share, which would be paid out on Jul 28, 2023, to all common shareholders of record as of Jul 14, 2023. During the quarter under discussion, AAP repurchased around $12.6 million worth of shares.
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Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Wabash National Corporation (WNC) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP delivered adjusted earnings of 72 cents per share in first-quarter 2023, down 68.1% from the year-ago quarter's figure. Dividend & Share Repurchase AAP’s board slashed the cash dividend to 25 cents per share, which would be paid out on Jul 28, 2023, to all common shareholders of record as of Jul 14, 2023.
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Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Wabash National Corporation (WNC) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP delivered adjusted earnings of 72 cents per share in first-quarter 2023, down 68.1% from the year-ago quarter's figure. Dividend & Share Repurchase AAP’s board slashed the cash dividend to 25 cents per share, which would be paid out on Jul 28, 2023, to all common shareholders of record as of Jul 14, 2023.
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Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Wabash National Corporation (WNC) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP delivered adjusted earnings of 72 cents per share in first-quarter 2023, down 68.1% from the year-ago quarter's figure. Dividend & Share Repurchase AAP’s board slashed the cash dividend to 25 cents per share, which would be paid out on Jul 28, 2023, to all common shareholders of record as of Jul 14, 2023.
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10726.0
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2023-05-31 00:00:00 UTC
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Consumer Sector Update for 05/31/2023: KBAL, AAP, CPRI
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-for-05-31-2023%3A-kbal-aap-cpri
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nan
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nan
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Consumer stocks were mixed in Wednesday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.6%.
Redbook US same-store sales rose by 1.2% from a year earlier in the week ended May 27, slower that a 1.5% year-over-year increase in the previous week.
In company news, Kimball International (KBAL) said that its shareholders approved the merger deal with HNI Corp. (HNI). Kimball shares fell 0.7%, while HNI was down 1.9%.
Advance Auto Parts (AAP) was shedding over 34% after it reported fiscal Q1 earnings of $0.72 per share, down from $2.26 per share a year earlier. Analysts polled by Capital IQ expected $2.54.
Capri (CPRI) has issued a downbeat short-term outlook and trimmed its annual revenue guidance after it reported lower fiscal Q4 results. Shares of the Michael Kors parent were down past 10%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) was shedding over 34% after it reported fiscal Q1 earnings of $0.72 per share, down from $2.26 per share a year earlier. Consumer stocks were mixed in Wednesday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.6%. Redbook US same-store sales rose by 1.2% from a year earlier in the week ended May 27, slower that a 1.5% year-over-year increase in the previous week.
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Advance Auto Parts (AAP) was shedding over 34% after it reported fiscal Q1 earnings of $0.72 per share, down from $2.26 per share a year earlier. Consumer stocks were mixed in Wednesday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.6%. In company news, Kimball International (KBAL) said that its shareholders approved the merger deal with HNI Corp. (HNI).
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Advance Auto Parts (AAP) was shedding over 34% after it reported fiscal Q1 earnings of $0.72 per share, down from $2.26 per share a year earlier. Consumer stocks were mixed in Wednesday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.6%. In company news, Kimball International (KBAL) said that its shareholders approved the merger deal with HNI Corp. (HNI).
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Advance Auto Parts (AAP) was shedding over 34% after it reported fiscal Q1 earnings of $0.72 per share, down from $2.26 per share a year earlier. Consumer stocks were mixed in Wednesday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.6%. Redbook US same-store sales rose by 1.2% from a year earlier in the week ended May 27, slower that a 1.5% year-over-year increase in the previous week.
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10727.0
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2023-05-31 00:00:00 UTC
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Wednesday Sector Laggards: Energy, Services
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AAP
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https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-energy-services-3
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nan
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nan
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Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 1.7% loss. Within that group, Valero Energy Corp (Symbol: VLO) and Halliburton Company (Symbol: HAL) are two of the day's laggards, showing a loss of 3.8% and 3.3%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.7% on the day, and down 8.25% year-to-date. Valero Energy Corp, meanwhile, is down 8.81% year-to-date, and Halliburton Company, is down 23.23% year-to-date. Combined, VLO and HAL make up approximately 5.5% of the underlying holdings of XLE.
The next worst performing sector is the Services sector, showing a 1.4% loss. Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and AutoZone, Inc. (Symbol: AZO) are the most notable, showing a loss of 34.3% and 3.4%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.1% in midday trading, and up 13.50% on a year-to-date basis. Advance Auto Parts Inc, meanwhile, is down 50.38% year-to-date, and AutoZone, Inc., is down 2.49% year-to-date. Combined, AAP and AZO make up approximately 1.0% of the underlying holdings of IYC.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, two sectors are up on the day, while seven sectors are down.
SECTOR % CHANGE
Utilities +1.0%
Healthcare +0.3%
Consumer Products -0.8%
Technology & Communications -0.8%
Financial -1.0%
Industrial -1.1%
Services -1.4%
Materials -1.4%
Energy -1.7%
25 Dividend Giants Widely Held By ETFs »
Also see:
REITs Hedge Funds Are Buying
Institutional Holders of MFH
Institutional Holders of MENT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, AAP and AZO make up approximately 1.0% of the underlying holdings of IYC. Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and AutoZone, Inc. (Symbol: AZO) are the most notable, showing a loss of 34.3% and 3.4%, respectively. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday.
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Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and AutoZone, Inc. (Symbol: AZO) are the most notable, showing a loss of 34.3% and 3.4%, respectively. Combined, AAP and AZO make up approximately 1.0% of the underlying holdings of IYC. Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 1.7% loss.
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Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and AutoZone, Inc. (Symbol: AZO) are the most notable, showing a loss of 34.3% and 3.4%, respectively. Combined, AAP and AZO make up approximately 1.0% of the underlying holdings of IYC. Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 1.7% loss.
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Among large Services stocks, Advance Auto Parts Inc (Symbol: AAP) and AutoZone, Inc. (Symbol: AZO) are the most notable, showing a loss of 34.3% and 3.4%, respectively. Combined, AAP and AZO make up approximately 1.0% of the underlying holdings of IYC. Within that group, Valero Energy Corp (Symbol: VLO) and Halliburton Company (Symbol: HAL) are two of the day's laggards, showing a loss of 3.8% and 3.3%, respectively.
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10728.0
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2023-05-31 00:00:00 UTC
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Wednesday Sector Laggards: Auto Dealerships, Apparel Stores
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AAP
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https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-auto-dealerships-apparel-stores
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nan
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nan
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In trading on Wednesday, auto dealerships shares were relative laggards, down on the day by about 4.3%. Helping drag down the group were shares of Advance Auto Parts, off about 35% and shares of Americas Car-mart off about 7% on the day.
Also lagging the market Wednesday are apparel stores shares, down on the day by about 3.5% as a group, led down by Chicos Fas, trading lower by about 13.3% and Capri Holdings, trading lower by about 10.8%.
VIDEO: Wednesday Sector Laggards: Auto Dealerships, Apparel Stores
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, auto dealerships shares were relative laggards, down on the day by about 4.3%. Also lagging the market Wednesday are apparel stores shares, down on the day by about 3.5% as a group, led down by Chicos Fas, trading lower by about 13.3% and Capri Holdings, trading lower by about 10.8%. VIDEO: Wednesday Sector Laggards: Auto Dealerships, Apparel Stores The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, auto dealerships shares were relative laggards, down on the day by about 4.3%. Also lagging the market Wednesday are apparel stores shares, down on the day by about 3.5% as a group, led down by Chicos Fas, trading lower by about 13.3% and Capri Holdings, trading lower by about 10.8%. VIDEO: Wednesday Sector Laggards: Auto Dealerships, Apparel Stores The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, auto dealerships shares were relative laggards, down on the day by about 4.3%. Also lagging the market Wednesday are apparel stores shares, down on the day by about 3.5% as a group, led down by Chicos Fas, trading lower by about 13.3% and Capri Holdings, trading lower by about 10.8%. VIDEO: Wednesday Sector Laggards: Auto Dealerships, Apparel Stores The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, auto dealerships shares were relative laggards, down on the day by about 4.3%. Helping drag down the group were shares of Advance Auto Parts, off about 35% and shares of Americas Car-mart off about 7% on the day. Also lagging the market Wednesday are apparel stores shares, down on the day by about 3.5% as a group, led down by Chicos Fas, trading lower by about 13.3% and Capri Holdings, trading lower by about 10.8%.
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10729.0
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2023-05-31 00:00:00 UTC
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US STOCKS-Wall St falls as labor data spurs rate hike jitters before debt ceiling vote
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AAP
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https://www.nasdaq.com/articles/us-stocks-wall-st-falls-as-labor-data-spurs-rate-hike-jitters-before-debt-ceiling-vote
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nan
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nan
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By Herbert Lash and Shreyashi Sanyal
May 31 (Reuters) - U.S. stocks fell on Wednesday as a deal to raise the federal debt ceiling headed toward a crucial vote in Congress, while unexpectedlystrong labor market data initially raised the likelihood of the Federal Reserve hiking interest rates again.
The House of Representatives is expected to vote in the evening on a bill to lift the $31.4 trillion debt limit, a critical step to avoid a destabilizing default that could come early next week without congressional action.
House passage would send the bill to the Senate, where debate could stretch to the weekend, just before June 5 when the government may start to run out of money. Most analysts foresee the bill's approval.
U.S. President Joe Biden said he expected the debt ceiling bill on his desk by June 5.
"The bond market liked that there was some fiscal discipline and the equity market liked that it's not going to hurt growth," said Brad Conger, deputy chief investment officer at Hirtle Callaghan & Co in Conshohocken, Pennsylvania.
"I don't think we could have asked for a better outcome."
But equity valuations are stretched considering interest rates are high, the economy is slowing and inflation needs to decline further, Conger said.
"It's going to be a struggle if inflation is not perceived to be ebbing, which is where we are," he said.
The Labor Department's Job Openings and Labor Turnover Survey, or the JOLTS report, showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in a labor market that suggests pressure on both wages and inflation.
Futures traders raised to 70% the probability of a 25 basis points hike at the end of the Fed's June 13-14 policy meeting, but that likelihood fell to about 25% after comments by Fed officials who are leaning to what some call a "hawkish pause." FEDWATCH
Fed Governor and vice chair nominee Philip Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision. Philadelphia Fed President Patrick Harker also said on Wednesday that for now he is inclined to support a "skip" in rate hikes.
The Labor Department's closely watched May unemployment report, due on Friday, could be decisive in whether a rate hike is in the cards or not.
The major indices pared losses after the comments by Fed officials.
The Dow Jones Industrial Average .DJI fell 128.69 points, or 0.39%, to 32,914.09; the S&P 500 .SPX lost 18.76 points, or 0.45%, to 4,186.76; and the Nasdaq Composite .IXIC dropped 47.41 points, or 0.36%, to 12,970.02.
Technology-led gains have put the Nasdaq on track for its best performance in May since 2020, up 5.7%. The S&P 500 was set to end the month flat, while the Dow shed 3.8%.
The Federal Deposit Insurance Corporation said U.S. banks' total deposits declined by a record 2.5% in the first quarter after two large bank failures.
The S&P 500 financial sector index .SPSY fell 1.4%, while banks .SPXBK dropped 2.4%.
Advance Auto Parts Inc AAP.N plunged 34.3%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts.
Shares of other autoparts companies including Genuine PartsCo GPC.N, Autozone AZO.N and O'Reily Automotive ORLY.O fell between 4.2% and 5.5%.
Hewlett Packard Enterprise Co HPE.N slipped 6.1% after missing Wall Street estimates for second-quarter revenue.
Nvidia Corp's NVDA.O shares fell 3.8% a day after hitting a record high as it briefly crossed $1 trillion in market value, banking on the AI boom.
Declining issues outnumbered advancers on the NYSE by a 1.51-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored decliners.
The S&P 500 posted three new 52-week highs and 22 new lows; the Nasdaq Composite recorded 28 new highs and 155 new lows.
S&P 500 sector performance for May https://tmsnrt.rs/42hpcW3
(Reporting by Shreyashi Sanyal and Shashwat Chauhan in Bengaluru; Editing by Shounak Dasgupta, Maju Samuel and Richard Chang)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc AAP.N plunged 34.3%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. The House of Representatives is expected to vote in the evening on a bill to lift the $31.4 trillion debt limit, a critical step to avoid a destabilizing default that could come early next week without congressional action. FEDWATCH Fed Governor and vice chair nominee Philip Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision.
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Advance Auto Parts Inc AAP.N plunged 34.3%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. By Herbert Lash and Shreyashi Sanyal May 31 (Reuters) - U.S. stocks fell on Wednesday as a deal to raise the federal debt ceiling headed toward a crucial vote in Congress, while unexpectedlystrong labor market data initially raised the likelihood of the Federal Reserve hiking interest rates again. The Labor Department's Job Openings and Labor Turnover Survey, or the JOLTS report, showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in a labor market that suggests pressure on both wages and inflation.
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Advance Auto Parts Inc AAP.N plunged 34.3%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. By Herbert Lash and Shreyashi Sanyal May 31 (Reuters) - U.S. stocks fell on Wednesday as a deal to raise the federal debt ceiling headed toward a crucial vote in Congress, while unexpectedlystrong labor market data initially raised the likelihood of the Federal Reserve hiking interest rates again. The Labor Department's Job Openings and Labor Turnover Survey, or the JOLTS report, showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in a labor market that suggests pressure on both wages and inflation.
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Advance Auto Parts Inc AAP.N plunged 34.3%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. U.S. President Joe Biden said he expected the debt ceiling bill on his desk by June 5. But equity valuations are stretched considering interest rates are high, the economy is slowing and inflation needs to decline further, Conger said.
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10730.0
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2023-05-31 00:00:00 UTC
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S&P 500 Movers: AAP, EQR
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AAP
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https://www.nasdaq.com/articles/sp-500-movers%3A-aap-eqr
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nan
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nan
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In early trading on Wednesday, shares of Equity Residential topped the list of the day's best performing components of the S&P 500 index, trading up 2.1%. Year to date, Equity Residential registers a 3.9% gain.
And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 30.9%. Advance Auto Parts is lower by about 47.3% looking at the year to date performance.
Two other components making moves today are Hewlett Packard Enterprise, trading down 6.5%, and T-Mobile, trading up 1.6% on the day.
VIDEO: S&P 500 Movers: AAP, EQR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: S&P 500 Movers: AAP, EQR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, Equity Residential registers a 3.9% gain. And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 30.9%.
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VIDEO: S&P 500 Movers: AAP, EQR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, Equity Residential registers a 3.9% gain. And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 30.9%.
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VIDEO: S&P 500 Movers: AAP, EQR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Wednesday, shares of Equity Residential topped the list of the day's best performing components of the S&P 500 index, trading up 2.1%. And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 30.9%.
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VIDEO: S&P 500 Movers: AAP, EQR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Wednesday, shares of Equity Residential topped the list of the day's best performing components of the S&P 500 index, trading up 2.1%. And the worst performing S&P 500 component thus far on the day is Advance Auto Parts, trading down 30.9%.
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10731.0
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2023-05-31 00:00:00 UTC
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US STOCKS-Wall St falls as labor data spurs rate hike jitters before debt ceiling vote
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AAP
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https://www.nasdaq.com/articles/us-stocks-wall-st-falls-as-labor-data-spurs-rate-hike-jitters-before-debt-ceiling-vote-1
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nan
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nan
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By Herbert Lash and Shreyashi Sanyal
May 31 (Reuters) - U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June.
The House of Representatives is expected to vote in the evening on a bill to lift the $31.4 trillion debt limit, a critical step to avoid a destabilizing default that could come early next week without congressional approval.
House passage would send the bill to the Senate, where debate could stretch to the weekend, just before the June 5 date when the government could start to run out of money.
But most analysts foresee the bill's approval and U.S. President Joe Biden said on Wednesday he expected the debt ceiling bill on his desk by next Monday.
"The bond market liked that there was some fiscal discipline and the equity market liked that it's not going to hurt growth," said Brad Conger, deputy chief investment officer at Hirtle Callaghan & Co in Conshohocken, Pennsylvania.
"I don't think we could have asked for a better outcome."
However, equity valuations are stretched considering interest rates are high, the economy is slowing and inflation needs to decline further, Conger said.
"Quite frankly, if we're really slowing down, the market is not offering a free lunch," he said. "It's going to be a struggle if inflation is not perceived to be ebbing, which is where we are."
The Labor Department reportedthat U.S. job openings unexpectedly rose in April, reflecting persistent labor market strength that suggests pressure on wages and inflation.
Futures traders raised to 70% the probability of a 25 basis points hike at the Fed's June 13-14 policy meeting. But that likelihood fell to about 32% after comments by Fed officials who are leaning to what some call a "hawkish pause." FEDWATCH
Fed Governor and vice chair nominee Philip Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision. Philadelphia Fed President Patrick Harker also said on Wednesday that for now he is inclined to support a "skip" in rate hikes.
"The recent economic data has not really favored a pause in rate hikes," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "But we've had a number of Fed governors coming out this afternoon and saying a pause is either likely or certainly possible."
The Labor Department's closely watched May unemployment report, due on Friday, could decide whether a rate hike occurs.
The major indices pared some losses after the comments by Fed officials.
The Dow Jones Industrial Average .DJI fell 134.51 points, or 0.41%, to 32,908.27; the S&P 500 .SPX lost 25.69 points, or 0.61%, at 4,179.83; and the Nasdaq Composite .IXIC dropped 82.14 points, or 0.63%, to 12,935.29.
For the month, the S&P 500 rose 0.26%, the Dow lost 0.3.48% and the Nasdaq gained 5.80%.
Volume on U.S. exchanges was 13.87 billion shares, compared with the 10.58 billion average for the full session over the last 20 trading days.
Technology-led gains have put the Nasdaq on track for its best performance in May since 2020.
The Federal Deposit Insurance Corporation said U.S. banks' total deposits declined by a record 2.5% in the first quarter after two large bank failures.
The S&P 500 financial sector index .SPSY fell 1.1%, with banks .SPXBK taking the brunt with a 2.0% slide.
Advance Auto Parts Inc AAP.N plunged 35.0%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts.
Shares of other autoparts makers including Genuine Parts Co GPC.N, Autozone AZO.N and O'Reily Automotive ORLY.O fell 5.6%, 2.8% and 2.7%, respectfully.
Hewlett Packard Enterprise Co HPE.N slipped 7.1% after missing Wall Street estimates for second-quarter revenue.
Nvidia Corp's NVDA.O shares fell 5.7% a day after hitting a record high that briefly boosted its market value above $1 trillion on Tuesday, fueled by bets on the AI boom.
IntelCorpINTC.Owas the biggest gainer on the S&P 500,jumping 4.8% as the chipmaker said it was on track to hit the upper end of its second-quarter revenue forecast.
Intel has risen 14.7% in its biggest three-day rally since March 2009.
Declining issues outnumbered advancing ones on the NYSE by a 1.39-to-1 ratio; on Nasdaq, a 1.37-to-1 ratio favored decliners.
The S&P 500 posted four new 52-week highs and 23 new lows; the Nasdaq Composite recorded 36 new highs and 182 new lows.
S&P 500 sector performance for May https://tmsnrt.rs/42hpcW3
(Reporting by Herbert Lash, additional reporting by Shreyashi Sanyal and Shashwat Chauhan in Bengaluru; Editing by Shounak Dasgupta, Maju Samuel and Richard Chang)
((herb.lash@thomsonreuters.com; 1-646-223-6019; Reuters Messaging: herb.lash.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc AAP.N plunged 35.0%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. The House of Representatives is expected to vote in the evening on a bill to lift the $31.4 trillion debt limit, a critical step to avoid a destabilizing default that could come early next week without congressional approval. FEDWATCH Fed Governor and vice chair nominee Philip Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision.
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Advance Auto Parts Inc AAP.N plunged 35.0%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. By Herbert Lash and Shreyashi Sanyal May 31 (Reuters) - U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. However, equity valuations are stretched considering interest rates are high, the economy is slowing and inflation needs to decline further, Conger said.
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Advance Auto Parts Inc AAP.N plunged 35.0%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. By Herbert Lash and Shreyashi Sanyal May 31 (Reuters) - U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. The Dow Jones Industrial Average .DJI fell 134.51 points, or 0.41%, to 32,908.27; the S&P 500 .SPX lost 25.69 points, or 0.61%, at 4,179.83; and the Nasdaq Composite .IXIC dropped 82.14 points, or 0.63%, to 12,935.29.
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Advance Auto Parts Inc AAP.N plunged 35.0%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. By Herbert Lash and Shreyashi Sanyal May 31 (Reuters) - U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. But most analysts foresee the bill's approval and U.S. President Joe Biden said on Wednesday he expected the debt ceiling bill on his desk by next Monday.
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10732.0
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2023-05-31 00:00:00 UTC
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Consumer Sector Update for 05/31/2023: DEO, KBAL, AAP, CPRI
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-for-05-31-2023%3A-deo-kbal-aap-cpri
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nan
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nan
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Consumer stocks were mixed late Wednesday with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.3%.
Redbook US same-store sales rose by 1.2% from a year earlier in the week ended May 27, slower that a 1.5% year-over-year increase in the previous week.
In company news, Diageo (DEO) is facing a lawsuit from Sean "Diddy" Combs, who alleges the company neglected the DeLeon tequila brand it co-owns with the music celebrity, The Wall Street Journal reported. Diageo shares were shedding 1.2%.
Kimball International (KBAL) said that its shareholders approved the merger deal with HNI Corp. (HNI). Kimball shares fell 0.7%, while HNI was down 2.8%.
Advance Auto Parts (AAP) tumbled 35% as the company lowered its fiscal 2023 outlook after first-quarter earnings unexpectedly fell from a year earlier amid elevated costs and a decline in comparable store sales.
Capri (CPRI) issued a downbeat short-term outlook and trimmed its annual revenue guidance after reporting lower fiscal Q4 results. Shares of the Michael Kors parent fell 11%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) tumbled 35% as the company lowered its fiscal 2023 outlook after first-quarter earnings unexpectedly fell from a year earlier amid elevated costs and a decline in comparable store sales. In company news, Diageo (DEO) is facing a lawsuit from Sean "Diddy" Combs, who alleges the company neglected the DeLeon tequila brand it co-owns with the music celebrity, The Wall Street Journal reported. Capri (CPRI) issued a downbeat short-term outlook and trimmed its annual revenue guidance after reporting lower fiscal Q4 results.
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Advance Auto Parts (AAP) tumbled 35% as the company lowered its fiscal 2023 outlook after first-quarter earnings unexpectedly fell from a year earlier amid elevated costs and a decline in comparable store sales. Consumer stocks were mixed late Wednesday with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.3%. Kimball shares fell 0.7%, while HNI was down 2.8%.
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Advance Auto Parts (AAP) tumbled 35% as the company lowered its fiscal 2023 outlook after first-quarter earnings unexpectedly fell from a year earlier amid elevated costs and a decline in comparable store sales. Consumer stocks were mixed late Wednesday with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.3%. In company news, Diageo (DEO) is facing a lawsuit from Sean "Diddy" Combs, who alleges the company neglected the DeLeon tequila brand it co-owns with the music celebrity, The Wall Street Journal reported.
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Advance Auto Parts (AAP) tumbled 35% as the company lowered its fiscal 2023 outlook after first-quarter earnings unexpectedly fell from a year earlier amid elevated costs and a decline in comparable store sales. Consumer stocks were mixed late Wednesday with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.3%. Kimball shares fell 0.7%, while HNI was down 2.8%.
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10733.0
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2023-05-31 00:00:00 UTC
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Why Advance Auto Parts Stock Got Absolutely Smashed Today
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-stock-got-absolutely-smashed-today
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nan
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nan
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What happened
Shares of auto parts retail chain Advance Auto Parts (NYSE: AAP) got absolutely smashed on Wednesday after the company's latest quarterly financial results underwhelmed expectations and led to a massive cut to its quarterly dividend. As of 10:15 a.m. ET, Advance stock is down 32%, and the stock now has negative returns over the past decade.
So what
Things didn't look so bad for Advance on the top line. In its fiscal first quarter of 2023, which ended April 22, the company had net sales of $3.4 billion, up 1.3%. While this was meager growth, management hadn't guided for much growth in the first place. So this number was fine.
The problem for Advance is profitability. Management had guided for operating margin improvements in 2023. But in Q1, the company's operating margin shrank to 2.6%, whereas it had had an operating margin of 6% in the prior-year period.
Management blamed its shortcomings on its attempts to "narrow competitive price gaps." In other words, Advance lowered prices to steal sales away from competitors. The end result was meager growth and lower profits. And the market really doesn't like this commentary.
Now what
The problems for Advance are ongoing, as evidence by the reduction in guidance from management. It's slightly lowering its net-sales guidance, but the bigger reduction is regarding its earnings per share (EPS). Previously management expected full-year EPS of $10.20 to $11.20. But with slumping sales and a lower operating margin, management now anticipates EPS of $6.00 to $6.50.
Stock prices tend to follow earnings. Considering Advance just lowered EPS guidance by 36% to 46%, the drop in the stock price today appears warranted.
Moreover, Advance was likely an attractive dividend stock to some. But with profits falling, management decided to cut its dividend from $1.50 quarterly to $0.25 quarterly.
In light of long-term returns for rivals AutoZone and O'Reilly, it's clear this space has potential for investors, and it's tempting to view Advance as an attractive value investment here. But Advance would need to turn things around after years of underperforming its peers. And it's unclear what the catalyst for that could be.
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Jon Quast has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of auto parts retail chain Advance Auto Parts (NYSE: AAP) got absolutely smashed on Wednesday after the company's latest quarterly financial results underwhelmed expectations and led to a massive cut to its quarterly dividend. Considering Advance just lowered EPS guidance by 36% to 46%, the drop in the stock price today appears warranted. In light of long-term returns for rivals AutoZone and O'Reilly, it's clear this space has potential for investors, and it's tempting to view Advance as an attractive value investment here.
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What happened Shares of auto parts retail chain Advance Auto Parts (NYSE: AAP) got absolutely smashed on Wednesday after the company's latest quarterly financial results underwhelmed expectations and led to a massive cut to its quarterly dividend. While this was meager growth, management hadn't guided for much growth in the first place. The end result was meager growth and lower profits.
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What happened Shares of auto parts retail chain Advance Auto Parts (NYSE: AAP) got absolutely smashed on Wednesday after the company's latest quarterly financial results underwhelmed expectations and led to a massive cut to its quarterly dividend. ET, Advance stock is down 32%, and the stock now has negative returns over the past decade. 10 stocks we like better than Advance Auto Parts When our analyst team has a stock tip, it can pay to listen.
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What happened Shares of auto parts retail chain Advance Auto Parts (NYSE: AAP) got absolutely smashed on Wednesday after the company's latest quarterly financial results underwhelmed expectations and led to a massive cut to its quarterly dividend. But with slumping sales and a lower operating margin, management now anticipates EPS of $6.00 to $6.50. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Advance Auto Parts wasn't one of them!
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10734.0
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2023-05-31 00:00:00 UTC
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Why Overreactions to Out Of Season Earnings Create Opportunities for Investors
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AAP
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https://www.nasdaq.com/articles/why-overreactions-to-out-of-season-earnings-create-opportunities-for-investors
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nan
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nan
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O
ne of the things that often surprises those new to trading and investing is that there is no set time or period of time for companies to report earnings. There is an earnings “season,” the month or so following the end of the calendar quarter when the majority of companies report, but they are not required to do so on that schedule. Each company sets the beginning and end of their own financial year and when their quarters end. While most do so in a way that fits the annual calendar, some do not. There are, therefore “out of season” earnings, and their standalone releases often create trading opportunities based on the level of scrutiny they receive.
During earnings season, there are sometimes dozens of companies reporting on any given day, with their stocks reacting accordingly. One of my personal favorite trades at those times of the year is to fade that reaction, because it is so often exaggerated even then. It is not that the reports aren’t good or bad, it is just that the reaction is way too big. That leads to opportunities in stocks like Sofi (SOFI), one that I talked about a month ago, when that stock dropped to around $4.60 on a miss of expectations, then bounced back, gaining more than 20% in four trading days.
There are a couple of things that make for that exaggeration: the extreme focus on the short-term that comes with reacting to one quarter’s results or outlook, and the fact that there are multiple traders attempting to trade that reaction in thin, out of hours markets. If the second part of that is true when dozens of companies are reporting every day, imagine how true it is when, outside of earnings season, there is only one or two per week, if that. There are the same number of traders looking to react to news, but a lot less news, so the reaction to each announcement or report is even greater.
We are seeing the impact of that this morning in the reaction to earnings and outlooks from two companies in very different industries, the AI focused semiconductor maker Ambarella (AMBA), and the auto parts supplier Advance Auto Parts (AAP). Don’t get me wrong, both companies produced disappointing reports in one way or another, and both lowered their full-year guidance, the thing that usually has the biggest impact on a stock. These were bad earnings reports, but do they justify around a 20% drop in AMBA and around 30% in AAP? One could argue not.
Ambarella actually beat estimates on the bottom line, with a loss of $0.15 per share, better than the $0.20 loss anticipated, but cut revenue guidance for the whole year significantly. They put that expected weakness down to “cyclical headwinds,” and the key word there is “cyclical.” That implies that it is a temporary cutback by customers rather than that they are operating at a big competitive disadvantage. There is an element of “Well, they would say that, wouldn’t they” but there is no reason to believe that not to be the case. In fact, part of the reason for the loss is Ambarella’s big investment in R&D, particularly in products designed for the AI boom. That particular pie looks like it will be big enough for everyone’s slice, so while the cost of that R&D in a cyclical downturn will weigh in the short-term, it looks entirely justified.
The story for Advanced Auto Parts is different but is also about short-term headwinds that can be expected to turn. Their issue this quarter was that cost increases and consistency in supply were proving much more persistent than the company or analysts predicted. That creates a problem in an industry as competitive as theirs. It is easy for customers, both individuals and within the auto-repair industry, to research pricing and order elsewhere if that is justified, so offsetting input cost increases by raising prices isn’t easy.
Still, that same dynamic of supply issues is continuing to impact new car production and pricing, creating an environment where repairing an older vehicle is much more attractive than selling or scrapping it. That will, at some point, allow the industry generally to price parts more advantageously, but the reaction to AAP’s earnings this morning doesn’t reflect that reality at all.
As tends to happen in the immediate aftermath of isolated earnings reports that have bad elements to it, both AAP and AMBA are seeing significant declines. Investors, however, should ask themselves how much of that is down to the actual news, and how much is down to traders with limited opportunities piling into an obvious trade. With twenty and thirty percent drops on what are bad but not disastrous earnings reports, it looks like the latter is at play here, and that means that while both stocks may stay down for a while, in the long term, both will prove to have been buys at these levels.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We are seeing the impact of that this morning in the reaction to earnings and outlooks from two companies in very different industries, the AI focused semiconductor maker Ambarella (AMBA), and the auto parts supplier Advance Auto Parts (AAP). These were bad earnings reports, but do they justify around a 20% drop in AMBA and around 30% in AAP? That will, at some point, allow the industry generally to price parts more advantageously, but the reaction to AAP’s earnings this morning doesn’t reflect that reality at all.
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We are seeing the impact of that this morning in the reaction to earnings and outlooks from two companies in very different industries, the AI focused semiconductor maker Ambarella (AMBA), and the auto parts supplier Advance Auto Parts (AAP). These were bad earnings reports, but do they justify around a 20% drop in AMBA and around 30% in AAP? That will, at some point, allow the industry generally to price parts more advantageously, but the reaction to AAP’s earnings this morning doesn’t reflect that reality at all.
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We are seeing the impact of that this morning in the reaction to earnings and outlooks from two companies in very different industries, the AI focused semiconductor maker Ambarella (AMBA), and the auto parts supplier Advance Auto Parts (AAP). These were bad earnings reports, but do they justify around a 20% drop in AMBA and around 30% in AAP? That will, at some point, allow the industry generally to price parts more advantageously, but the reaction to AAP’s earnings this morning doesn’t reflect that reality at all.
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We are seeing the impact of that this morning in the reaction to earnings and outlooks from two companies in very different industries, the AI focused semiconductor maker Ambarella (AMBA), and the auto parts supplier Advance Auto Parts (AAP). These were bad earnings reports, but do they justify around a 20% drop in AMBA and around 30% in AAP? That will, at some point, allow the industry generally to price parts more advantageously, but the reaction to AAP’s earnings this morning doesn’t reflect that reality at all.
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10735.0
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2023-05-31 00:00:00 UTC
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Chinese PMI Keeping Pre-Markets Muted
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AAP
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https://www.nasdaq.com/articles/chinese-pmi-keeping-pre-markets-muted
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nan
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nan
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Wednesday, May 31st, 2023
Pre-market futures are down this morning, following a flat full session yesterday. As market participants continue to gauge the proper direction forward, China Manufacturing PMI came in below expectations for May — 48.8 versus 49.4 expected, and 49.2 in the previous month — and has sent crude oil prices down again, after a -4% drop on WTI and Brent during Tuesday’s trading. The Dow is currently -100 points, the S&P 500 is -20 and the Nasdaq is -65 points.
We’re still in a bifurcated market at this time overall: while the blue-chip Dow is down for six of the past seven trading days, the Nasdaq 100 is nearing highs not seen since April of last year. Of course, it’s still the tail wind of A.I. pricing itself into the market following NVIDIA’s NVDA stellar Q1 report last week, but the Nasdaq overall is still roughly 2000 points below its November 2021 highs.
After today’s open, we’ll see new data from the latest Job Openings and Labor Turnover Survey (JOLTS), which gives us a glimpse at the labor market ahead of tomorrow’s ADP ADP private-sector jobs report (delayed a day due to the Monday Memorial Day holiday). Expectations are for 9.5 million job openings in the month of April, down a touch month over month but well off the 11.8 million we were seeing a year ago. Also, a new Beige Book is expected to drop this afternoon at 2pm.
Advance Auto Parts AAP missed expectations on its Q1 earnings report out before today’s open: earnings of 72 cents per share was well off the $2.60 expected, for a negative earnings surprise of -72.3%. Revenues of $3.42 billion in the quarter missed the Zacks consensus by a scant -0.27%, and an improvement over the $3.37 billion tallied a year ago at this time. The specialty retailer also slashed guidance and cut its dividend yield, making this one of the worst retail earnings reprots of the quarter. For more on AAP’s earnings, click here.
After today’s closing bell, earnings season continues to churn out results in its late stages: Salesforce.com CRM, C3.ai AI and CrowdStrike CRWD, among others, are putting out quarterly numbers. It will be interesting to see if the tech-heady Nasdaq can keep its A.I.-centric bullishness intact, especially as C3.ai has been trading up an extraordinary +136% over just the past month alone. This would suggest the stock is being traded for perfection; will it provide this?
Questions or comments about this article and/or its author? Click here>>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts AAP missed expectations on its Q1 earnings report out before today’s open: earnings of 72 cents per share was well off the $2.60 expected, for a negative earnings surprise of -72.3%. For more on AAP’s earnings, click here. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Advance Auto Parts AAP missed expectations on its Q1 earnings report out before today’s open: earnings of 72 cents per share was well off the $2.60 expected, for a negative earnings surprise of -72.3%. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here. For more on AAP’s earnings, click here.
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Advance Auto Parts AAP missed expectations on its Q1 earnings report out before today’s open: earnings of 72 cents per share was well off the $2.60 expected, for a negative earnings surprise of -72.3%. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here. For more on AAP’s earnings, click here.
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Advance Auto Parts AAP missed expectations on its Q1 earnings report out before today’s open: earnings of 72 cents per share was well off the $2.60 expected, for a negative earnings surprise of -72.3%. For more on AAP’s earnings, click here. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10736.0
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2023-05-31 00:00:00 UTC
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US STOCKS-Wall St falls ahead of debt ceiling vote; Fed hike worries persist
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AAP
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https://www.nasdaq.com/articles/us-stocks-wall-st-falls-ahead-of-debt-ceiling-vote-fed-hike-worries-persist
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Microsoft up after multiple PT hikes on AI optimism
Advance Auto Parts slumps after forecast cut
Nvidia down after Tuesday's record high
US job openings unexpectedly rise in April
Indexes down: Dow 0.84%, S&P 0.84%, Nasdaq 0.77%
Updates prices throughout to open, adds graphic, S&P 500 sector moves, details on economic data
By Shreyashi Sanyal
May 31 (Reuters) - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve.
A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
House passage would send the bill to the Senate, where debate could stretch to the weekend, as a June 5 deadline loomed.
"All signs point to the deal getting done but there's headlines about some Congress people who are against it," said Joe Saluzzi, co-manager of trading at Themis Trading. "Until that deal gets done, there will be a little bit of nervousness."
The debt ceiling debate has been an overhang for financial markets, but signs of progress have pushed the S&P 500 .SPX and the Nasdaq .IXIC indexes toward monthly gains in May. The Nasdaq was on track for its best performance in May since 2020, rising 6.3%.
Data showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market that could push the Federal Reserve to raise interest rates again in June.
Traders are currently pricing in a nearly 70% chance of a 25-basis point increase at the Fed's June 13-14 meeting. FEDWATCH
Investors now await the Labor Department's closely watched jobs report for May, due on Friday, which could show how resilient the economy has been to high interest rates and inflation.
Shares of Microsoft CorpMSFT.Orose 1.2%, helping combat losses on the Nasdaq after multiple brokerages raised their price targets based on the company's AI-led growth prospects.
This comes just as Nvidia Corp's NVDA.O shares fell 1.0% after hitting a record high on Tuesday as it briefly crossed $1 trillion in market value, banking on the AI boom.
The Philadelphia SE Semiconductor index .SOXfell 1.1% after hitting an over one-year high on Tuesday.
At 10:26 a.m. ET, the Dow Jones Industrial Average .DJI was down 276.49 points, or 0.84%, at 32,766.29, the S&P 500 .SPX was down 35.48 points, or 0.84%, at 4,170.04, and the Nasdaq Composite .IXIC was down 100.79 points, or 0.77%, at 12,916.64.
Advance Auto Parts Inc AAP.N plunged 31.7%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts.
Shares of other autoparts companies including Genuine PartsCo GPC.N, Autozone AZO.N and O'Reily Automotive ORLY.O fell between 4.6% and 6.1%.
HP IncHPQ.N dropped 3.8% after it missed quarterly revenue estimates, as inflation-hit customers spent less on the company's personal computers.
Shares of Hewlett Packard Enterprise Co HPE.N slipped 6.6% as it also missed Wall Street estimates for second-quarter revenue.
Declining issues outnumbered advancers for a 1.93-to-1 ratio on the NYSE and for a 1.54-to-1 ratio on the Nasdaq.
The S&P index recorded two new 52-week highs and 18 new lows, while the Nasdaq recorded 19 new highs and 80 new lows.
S&P 500 sector performance for May https://tmsnrt.rs/42hpcW3
(Reporting by Shreyashi Sanyal and Shashwat Chauhan in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc AAP.N plunged 31.7%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Microsoft up after multiple PT hikes on AI optimism Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high US job openings unexpectedly rise in April Indexes down: Dow 0.84%, S&P 0.84%, Nasdaq 0.77% Updates prices throughout to open, adds graphic, S&P 500 sector moves, details on economic data By Shreyashi Sanyal May 31 (Reuters) - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
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Advance Auto Parts Inc AAP.N plunged 31.7%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Microsoft up after multiple PT hikes on AI optimism Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high US job openings unexpectedly rise in April Indexes down: Dow 0.84%, S&P 0.84%, Nasdaq 0.77% Updates prices throughout to open, adds graphic, S&P 500 sector moves, details on economic data By Shreyashi Sanyal May 31 (Reuters) - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve. Data showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market that could push the Federal Reserve to raise interest rates again in June.
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Advance Auto Parts Inc AAP.N plunged 31.7%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Microsoft up after multiple PT hikes on AI optimism Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high US job openings unexpectedly rise in April Indexes down: Dow 0.84%, S&P 0.84%, Nasdaq 0.77% Updates prices throughout to open, adds graphic, S&P 500 sector moves, details on economic data By Shreyashi Sanyal May 31 (Reuters) - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve. Data showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market that could push the Federal Reserve to raise interest rates again in June.
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Advance Auto Parts Inc AAP.N plunged 31.7%, falling the most on the S&P 500, after the auto parts retailer cut its full-year forecasts. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Microsoft up after multiple PT hikes on AI optimism Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high US job openings unexpectedly rise in April Indexes down: Dow 0.84%, S&P 0.84%, Nasdaq 0.77% Updates prices throughout to open, adds graphic, S&P 500 sector moves, details on economic data By Shreyashi Sanyal May 31 (Reuters) - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedlystrong labor market data reinforced bets of another interest rate hike by the Federal Reserve. Data showed U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market that could push the Federal Reserve to raise interest rates again in June.
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10737.0
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2023-05-31 00:00:00 UTC
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Advance Auto Parts Announces Retreat In Q1 Bottom Line
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-announces-retreat-in-q1-bottom-line
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nan
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nan
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(RTTNews) - Advance Auto Parts (AAP) revealed a profit for first quarter that decreased from the same period last year
The company's earnings totaled $42.65 million, or $0.72 per share. This compares with $139.79 million, or $2.26 per share, in last year's first quarter.
The company's revenue for the quarter rose 1.5% to $3.42 billion from $3.37 billion last year.
Advance Auto Parts earnings at a glance (GAAP) :
-Earnings (Q1): $42.65 Mln. vs. $139.79 Mln. last year. -EPS (Q1): $0.72 vs. $2.26 last year. -Revenue (Q1): $3.42 Bln vs. $3.37 Bln last year.
-Guidance: Full year EPS guidance: $6.00 - $6.50 Full year revenue guidance: $11,200 -$11,300 Mln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) revealed a profit for first quarter that decreased from the same period last year The company's earnings totaled $42.65 million, or $0.72 per share. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q1): $42.65 Mln. -Guidance: Full year EPS guidance: $6.00 - $6.50 Full year revenue guidance: $11,200 -$11,300 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) revealed a profit for first quarter that decreased from the same period last year The company's earnings totaled $42.65 million, or $0.72 per share. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q1): $42.65 Mln. -Guidance: Full year EPS guidance: $6.00 - $6.50 Full year revenue guidance: $11,200 -$11,300 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) revealed a profit for first quarter that decreased from the same period last year The company's earnings totaled $42.65 million, or $0.72 per share. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q1): $42.65 Mln. -Revenue (Q1): $3.42 Bln vs. $3.37 Bln last year.
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(RTTNews) - Advance Auto Parts (AAP) revealed a profit for first quarter that decreased from the same period last year The company's earnings totaled $42.65 million, or $0.72 per share. Advance Auto Parts earnings at a glance (GAAP) : -Earnings (Q1): $42.65 Mln. The company's revenue for the quarter rose 1.5% to $3.42 billion from $3.37 billion last year.
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10738.0
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2023-05-31 00:00:00 UTC
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US STOCKS-Futures dip ahead of debt ceiling deal vote
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AAP
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https://www.nasdaq.com/articles/us-stocks-futures-dip-ahead-of-debt-ceiling-deal-vote-0
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
HP Inc, Hewlett Packard Enterprise slip after results
Advance Auto Parts slumps after forecast cut
Nvidia down after Tuesday's record high
May Chicago PMI, April job openings report due Wednesday
Futures down: Dow 0.22%, S&P 0.28%, Nasdaq 0.20%
Updates prices throughout, adds analyst comments in paragraphs 5 and 7
By Shreyashi Sanyal
May 31 (Reuters) - U.S. stock index futures dipped on Wednesday as a deal to raise the nation's debt ceiling headed in for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America.
A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
House passage would send the bill to the Senate, where debate could stretch to the weekend, as a June 5 deadline loomed.
The debt ceiling debate has been an overhang for financial markets, but signs of progress have pushed the S&P 500 .SPX and the Nasdaq .IXIC indexes toward monthly gains in May. The Nasdaq was on track for its best performance in May since 2020, rising 6.5%.
"Now that a debt ceiling deal has been reached and will most likely be passed by Congress, the challenge remains the Federal Reserve," Spartan Capital's chief market economist Peter Cardillo said.
Investors now await the Labor Department's closely watched jobs report for May, due on Friday, which could show how resilient the economy has been to high interest rates and inflation.
"With investors focusing on the Fed and incoming data, stocks are likely to rise further as market sentiment becomes less challenging," Cardillo added.
At 7:07 a.m. ET, Dow e-minis 1YMcv1 were down 74 points, or 0.22%, S&P 500 e-minis EScv1 were down 11.75 points, or 0.28%, and Nasdaq 100 e-minis NQcv1 were down 29.50 points, or 0.20%.
Overnight, a report said Federal Reserve Bank of Cleveland President Loretta Mester said she sees no "compelling" reason to pause rate hikes.
Traders are pricing in a 64% chance of a 25-basis point increase at the Fed's June 13-14 meeting. FEDWATCH
Chicago purchasing managers' index (PMI) data is due later in the day, as is the Job Openings and Labor Turnover Survey (JOLTS) for April.
Advance Auto Parts Inc AAP.N slumped 25.1% premarket after the auto parts retailer cut its full-year forecasts on higher costs.
Shares of Hewlett Packard Enterprise Co HPE.N slipped 8.8% as it missed Wall Street estimates for second-quarter revenue on Tuesday.
HP IncHPQ.N dropped 5% after it also missed quarterly revenue estimates, as inflation-hit customers spent less on the company's personal computers.
Nvidia Corp's NVDA.O shares fell 1.5% a day after it hit a record high and briefly joined an elite club of U.S. companies sporting a $1 trillion market value.
Other chipmakers including Advanced Micro Devices Inc AMD.O, Micron Technology Inc MU.O and Intel Corp INTC.O shed between 0.6% and 1.6%.
Separately, chip company Ambarella Inc AMBA.O tumbled 19% after forecasting second-quarter revenue below estimates.
(Reporting by Shreyashi Sanyal and Shashwat Chauhan in Bengaluru; Editing by Maju Samuel and Shounak Dasgupta)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc AAP.N slumped 25.1% premarket after the auto parts retailer cut its full-year forecasts on higher costs. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window HP Inc, Hewlett Packard Enterprise slip after results Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high May Chicago PMI, April job openings report due Wednesday Futures down: Dow 0.22%, S&P 0.28%, Nasdaq 0.20% Updates prices throughout, adds analyst comments in paragraphs 5 and 7 By Shreyashi Sanyal May 31 (Reuters) - U.S. stock index futures dipped on Wednesday as a deal to raise the nation's debt ceiling headed in for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
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Advance Auto Parts Inc AAP.N slumped 25.1% premarket after the auto parts retailer cut its full-year forecasts on higher costs. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window HP Inc, Hewlett Packard Enterprise slip after results Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high May Chicago PMI, April job openings report due Wednesday Futures down: Dow 0.22%, S&P 0.28%, Nasdaq 0.20% Updates prices throughout, adds analyst comments in paragraphs 5 and 7 By Shreyashi Sanyal May 31 (Reuters) - U.S. stock index futures dipped on Wednesday as a deal to raise the nation's debt ceiling headed in for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. Shares of Hewlett Packard Enterprise Co HPE.N slipped 8.8% as it missed Wall Street estimates for second-quarter revenue on Tuesday.
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Advance Auto Parts Inc AAP.N slumped 25.1% premarket after the auto parts retailer cut its full-year forecasts on higher costs. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window HP Inc, Hewlett Packard Enterprise slip after results Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high May Chicago PMI, April job openings report due Wednesday Futures down: Dow 0.22%, S&P 0.28%, Nasdaq 0.20% Updates prices throughout, adds analyst comments in paragraphs 5 and 7 By Shreyashi Sanyal May 31 (Reuters) - U.S. stock index futures dipped on Wednesday as a deal to raise the nation's debt ceiling headed in for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
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Advance Auto Parts Inc AAP.N slumped 25.1% premarket after the auto parts retailer cut its full-year forecasts on higher costs. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window HP Inc, Hewlett Packard Enterprise slip after results Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high May Chicago PMI, April job openings report due Wednesday Futures down: Dow 0.22%, S&P 0.28%, Nasdaq 0.20% Updates prices throughout, adds analyst comments in paragraphs 5 and 7 By Shreyashi Sanyal May 31 (Reuters) - U.S. stock index futures dipped on Wednesday as a deal to raise the nation's debt ceiling headed in for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
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10739.0
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2023-05-31 00:00:00 UTC
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Advance Auto Parts (AAP) Q1 Earnings and Revenues Lag Estimates
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q1-earnings-and-revenues-lag-estimates
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nan
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Advance Auto Parts (AAP) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. This compares to earnings of $3.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -72.31%. A quarter ago, it was expected that this auto parts retailer would post earnings of $2.41 per share when it actually produced earnings of $2.88, delivering a surprise of 19.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $3.42 billion for the quarter ended March 2023, missing the Zacks Consensus Estimate by 0.27%. This compares to year-ago revenues of $3.37 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Advance Auto Parts shares have lost about 23.7% since the beginning of the year versus the S&P 500's gain of 9.5%.
What's Next for Advance Auto Parts?
While Advance Auto Parts has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Advance Auto Parts: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.89 on $2.74 billion in revenues for the coming quarter and $10.63 on $11.44 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Wholesale - Parts is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, CarMax (KMX), is yet to report results for the quarter ended May 2023.
This used car dealership chain is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of -53.2%. The consensus EPS estimate for the quarter has been revised 4.1% lower over the last 30 days to the current level.
CarMax's revenues are expected to be $7.2 billion, down 22.7% from the year-ago quarter.
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Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
CarMax, Inc. (KMX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $3.42 billion for the quarter ended March 2023, missing the Zacks Consensus Estimate by 0.27%.
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Advance Auto Parts (AAP) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $3.42 billion for the quarter ended March 2023, missing the Zacks Consensus Estimate by 0.27%.
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Advance Auto Parts (AAP) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $2.60 per share. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has topped consensus revenue estimates just once over the last four quarters.
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10740.0
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2023-05-31 00:00:00 UTC
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Advance Auto Parts Q1 Profit Down; Cuts Annual Outlook; Stock Down 25% In Pre-market
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q1-profit-down-cuts-annual-outlook-stock-down-25-in-pre-market
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nan
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nan
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(RTTNews) - Advance Auto Parts, Inc. (AAP), an automotive aftermarket parts provider, Wednesday reported lower profit in the first quarter, primarily due to higher expenses. The company also cut its full-year outlook. Following the news, the stock is down 25% in pre-market trade.
"Given the shortfall experienced this quarter, along with our revised outlook for the balance of the year, we are reducing our full-year 2023 guidance. In addition, our board of directors made the decision to reduce our quarterly cash dividend to provide enhanced financial flexibility," commented Jeff Shepherd, executive vice president and chief financial officer.
Net profit was $42.65 million or $0.72 per share for the first quarter, lower than $139.79 million or $2.26 per share in the same quarter a year ago. Analysts on average polled by Thomson-Reuters were expecting an earnings of $2.57 per share. Analysts' estimates typically exclude special items.
Sales for the quarter, however, increased 1.3% to $3.418 billion from $3.374 billion last year. The consensus estimate was for $3.43 billion.
Looking forward, the company now expects full-year earnings per share to be in the range of $6.00-$6.50, lower than the prior outlook of $10.20-$11.20.
Sales for the year is now expected between $11.2 billion and $11.3 billion, lower than $11.4 billion-$11.6 billion guided earlier.
Analysts expect the company to report earnings of $10.64 per share on revenue of $11.43 billion for the year.
Advance Auto Parts shares closed at $112.20, up 0.04% on Tuesday. It has traded in the range of $109.05 - $212.25 in the last 1 year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts, Inc. (AAP), an automotive aftermarket parts provider, Wednesday reported lower profit in the first quarter, primarily due to higher expenses. "Given the shortfall experienced this quarter, along with our revised outlook for the balance of the year, we are reducing our full-year 2023 guidance. Looking forward, the company now expects full-year earnings per share to be in the range of $6.00-$6.50, lower than the prior outlook of $10.20-$11.20.
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(RTTNews) - Advance Auto Parts, Inc. (AAP), an automotive aftermarket parts provider, Wednesday reported lower profit in the first quarter, primarily due to higher expenses. Net profit was $42.65 million or $0.72 per share for the first quarter, lower than $139.79 million or $2.26 per share in the same quarter a year ago. Analysts expect the company to report earnings of $10.64 per share on revenue of $11.43 billion for the year.
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(RTTNews) - Advance Auto Parts, Inc. (AAP), an automotive aftermarket parts provider, Wednesday reported lower profit in the first quarter, primarily due to higher expenses. Net profit was $42.65 million or $0.72 per share for the first quarter, lower than $139.79 million or $2.26 per share in the same quarter a year ago. Sales for the year is now expected between $11.2 billion and $11.3 billion, lower than $11.4 billion-$11.6 billion guided earlier.
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(RTTNews) - Advance Auto Parts, Inc. (AAP), an automotive aftermarket parts provider, Wednesday reported lower profit in the first quarter, primarily due to higher expenses. The consensus estimate was for $3.43 billion. Looking forward, the company now expects full-year earnings per share to be in the range of $6.00-$6.50, lower than the prior outlook of $10.20-$11.20.
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10741.0
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2023-05-31 00:00:00 UTC
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Advance Auto Parts Backfires: Is This A Warning For The S&P 500?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-backfires%3A-is-this-a-warning-for-the-sp-500
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nan
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nan
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If you think Advance Auto Parts's (NYSE: AAP) 10X valuation and 5% yield are attractive, don’t be fooled because the dividend just got cut, and the stock is heading lower, possibly much lower. The company’s efforts to produce growth were insufficient to offset persistent headwinds, including inventory (cough, cough, supply chain) woes. The news sent shares down more than 30% in pre-market trading to levels not seen since the depths of the pandemic, and lower lows may be on the way.
What this means for the market is yet to be determined, but if these results turn into a trend, the market and the economy are heading for darker times. And it’s not like there haven’t been warnings signals already. Results were mixed across the retail sector (NYSEARCA: XRT), with trends showing rising inflation has consumers cutting out discretionary items in favor of staples and still spending just as much.
Advance Auto Parts Stuns Market-Cuts Dividend
Advance Auto Parts had such a bad quarter that it was forced to cut the dividend to preserve cash flow, which was no easy decision. The company only recently initiated the distribution and indicated more than once it was aiming for long-term distribution growth. The $3.42 billion in revenue isn’t the problem, that’s up 1.5% compared to last year, and it missed the consensus but only by a slim margin.
The problem is that margins were severely affected by inflation and efforts to mitigate inventory issues that are still underway. However, among the negative details are the drivers of growth. Growth is due 100% to new store openings and offset by a -0.4% decline in comp sales.
The margin contracted at the gross and operating levels, although there is a 1-off that may impact comparability. That 1-off is the increase in working capital/inventory expected to support sales in coming quarters. Regardless, the gross margin contracted by 162 basis points, and SG&A increased as well. This left the operating margin down 240% at 2.6%, and the news only worsened.
The company lowered its guidance for the year for revenue to fall -1.0% compared to the prior expectation of up 1% to 2%. The FY margin is expected to be 300 bps less than planned, and free cash flow will be roughly halved. Among the detractors is a plan for fewer store openings which will also impact the long-range forecast.
The Balance Sheet: Cash Flow Turned Negative
The company’s cash flow turned negative in Q1 and may have remained negative in 2024 without the dividend cut. The company’s outflows are due to increased spending to build inventory and a shift in mix. This led to an 83% dividend cut which has the payout at $0.25 quarterly or $1.00 annually, about 1.2%, with shares trading at their new low.
The cash flow should be positive for the remainder of the year, but a new element of risk in the outlook may not clear up until later. Another detail weighing on the market is the increase in long-term debt.
The price action may be at the bottom of a long downtrend, but it is too soon to tell. The price action is at a long-term low that has been in place since 2012 and has tested twice so that a solid bounce could form. The question now is if the market starts buying at this level and, if so, if it is more than a dead cat bounce. Either way, Advance Auto Parts shares will unlikely recover their previous levels soon.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you think Advance Auto Parts's (NYSE: AAP) 10X valuation and 5% yield are attractive, don’t be fooled because the dividend just got cut, and the stock is heading lower, possibly much lower. Results were mixed across the retail sector (NYSEARCA: XRT), with trends showing rising inflation has consumers cutting out discretionary items in favor of staples and still spending just as much. The problem is that margins were severely affected by inflation and efforts to mitigate inventory issues that are still underway.
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If you think Advance Auto Parts's (NYSE: AAP) 10X valuation and 5% yield are attractive, don’t be fooled because the dividend just got cut, and the stock is heading lower, possibly much lower. Advance Auto Parts Stuns Market-Cuts Dividend Advance Auto Parts had such a bad quarter that it was forced to cut the dividend to preserve cash flow, which was no easy decision. The Balance Sheet: Cash Flow Turned Negative The company’s cash flow turned negative in Q1 and may have remained negative in 2024 without the dividend cut.
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If you think Advance Auto Parts's (NYSE: AAP) 10X valuation and 5% yield are attractive, don’t be fooled because the dividend just got cut, and the stock is heading lower, possibly much lower. Advance Auto Parts Stuns Market-Cuts Dividend Advance Auto Parts had such a bad quarter that it was forced to cut the dividend to preserve cash flow, which was no easy decision. The Balance Sheet: Cash Flow Turned Negative The company’s cash flow turned negative in Q1 and may have remained negative in 2024 without the dividend cut.
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If you think Advance Auto Parts's (NYSE: AAP) 10X valuation and 5% yield are attractive, don’t be fooled because the dividend just got cut, and the stock is heading lower, possibly much lower. Growth is due 100% to new store openings and offset by a -0.4% decline in comp sales. The margin contracted at the gross and operating levels, although there is a 1-off that may impact comparability.
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10742.0
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2023-05-31 00:00:00 UTC
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Advance Auto Parts (AAP) Reports Q1 Earnings: What Key Metrics Have to Say
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-reports-q1-earnings%3A-what-key-metrics-have-to-say
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nan
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For the quarter ended March 2023, Advance Auto Parts (AAP) reported revenue of $3.42 billion, up 1.3% over the same period last year. EPS came in at $0.72, compared to $3.57 in the year-ago quarter.
The reported revenue represents a surprise of -0.27% over the Zacks Consensus Estimate of $3.43 billion. With the consensus EPS estimate being $2.60, the EPS surprise was -72.31%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Advance Auto Parts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales - YoY change: -0.4% versus 0.28% estimated by nine analysts on average.
Number of stores (BOP): 5086 versus 5048 estimated by three analysts on average.
Number of stores (Retail) - Total: 5096 versus the three-analyst average estimate of 5266.67.
Number of stores opened: 21 versus the two-analyst average estimate of 21.5.
View all Key Company Metrics for Advance Auto Parts here>>>
Shares of Advance Auto Parts have returned -9.6% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the quarter ended March 2023, Advance Auto Parts (AAP) reported revenue of $3.42 billion, up 1.3% over the same period last year. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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For the quarter ended March 2023, Advance Auto Parts (AAP) reported revenue of $3.42 billion, up 1.3% over the same period last year. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how Advance Auto Parts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change: -0.4% versus 0.28% estimated by nine analysts on average.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. For the quarter ended March 2023, Advance Auto Parts (AAP) reported revenue of $3.42 billion, up 1.3% over the same period last year. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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For the quarter ended March 2023, Advance Auto Parts (AAP) reported revenue of $3.42 billion, up 1.3% over the same period last year. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how Advance Auto Parts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change: -0.4% versus 0.28% estimated by nine analysts on average.
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10743.0
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2023-05-31 00:00:00 UTC
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Don’t Worry; Sportsman’s Warehouse Will Get Cheaper
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AAP
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https://www.nasdaq.com/articles/dont-worry-sportsmans-warehouse-will-get-cheaper
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nan
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If you are interested in Sportsman’s Warehouse (NASDAQ: SPWH), there are good reason’s to be. The company is well-positioned in the outdoor recreation market and on track for long-term growth. Today's trouble is related to the broader economy, not the company’s operational quality, so this is a buying opportunity. The question is how far SPWH shares can fall, and it looks like it could be quite a bit. Not only are headwinds persisting in Q2, but the company’s efforts to combat the headwinds will only make them stronger.
Other than the weather, which can not be controlled, the issues are inflation and the looming recession. The company calls out inflation and fear of recession as a detractor to top-line results and profitability. To combat these issues, the company will improve efficiency and cost control, which means less spending and the possibility of layoffs. Looking at the issue if weak consumer spending from the big-picture perspective, another company spending less and laying off workers will increase fear, hasten the onset of a recession, and make the recession a self-fulfilling prophecy.
Sportsman’s Warehouse Invests In Growth
Sportsman’s Warehouse had a tough quarter but is still planning to invest in the business and open new stores. The results are mixed; the revenue of $267.5 million fell 13.6% compared to last year but beat the Marketbeat.com consensus estimates by 300 basis points. The decline was driven by a 17.8% decrease in comp sales offset by adding new stores. The worst news is that the margin contracted at the gross and operating levels. The gross margin contracted by 210 bps, and SG&A increased by 600 to leave adjusted EBITDA in negative territory. The adjusted EPS of -$0.39 reversed a profit in the prior year and missed by $0.02 despite the top-line strength.
The guidance is mixed and negative but not to the point of a share-price implosion. The company expects to see a sequential improvement in revenue and margin, with the range for both bracketing the consensus. The detail weighing on the market is that the midpoint of the range is below the consensus and leaves a wide margin for underperformance.
The company doesn’t pay a dividend, so there is no risk in that regard, but it does buy back shares. The net outflow left the company in a weakened but not weak position, with net debt of $147 million and total liquidity near $150. The risk in the near term is that repurchases will slow or cease until cash flow improves, and the debt may increase as well.
The Analysts Lower Their Targets
There is not a lot of analyst activity in SPWH shares, and what there is has not been bullish, but there is a takeaway from the data that will help the market to bottom. The 5 analysts with ratings on the stock rate it a Hold, down from Moderate Buy, and they see an upside relative to the current price action. The consensus target is nearly $10 or about 95% above the price action, but this is a high target.
The more recent targets are well below it, and the single target posted since the Q1 release is a reduction. However, even the newest target, the new low price target, assumes about 50% of upside from the post-release action. This activity may weigh on the price action in the near term but should also help provide a softer landing than it may otherwise experience.
The only thing good about the chart is that the stock is oversold. This will help it to bottom when it reaches critical support levels, which may be near the $4.00 level. The stock could fall lower if this price point, or a higher 1, doesn’t produce a solid bounce. In that scenario, a move into the penny stock range is possible.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To combat these issues, the company will improve efficiency and cost control, which means less spending and the possibility of layoffs. The results are mixed; the revenue of $267.5 million fell 13.6% compared to last year but beat the Marketbeat.com consensus estimates by 300 basis points. The gross margin contracted by 210 bps, and SG&A increased by 600 to leave adjusted EBITDA in negative territory.
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If you are interested in Sportsman’s Warehouse (NASDAQ: SPWH), there are good reason’s to be. Sportsman’s Warehouse Invests In Growth Sportsman’s Warehouse had a tough quarter but is still planning to invest in the business and open new stores. The Analysts Lower Their Targets There is not a lot of analyst activity in SPWH shares, and what there is has not been bullish, but there is a takeaway from the data that will help the market to bottom.
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Looking at the issue if weak consumer spending from the big-picture perspective, another company spending less and laying off workers will increase fear, hasten the onset of a recession, and make the recession a self-fulfilling prophecy. The Analysts Lower Their Targets There is not a lot of analyst activity in SPWH shares, and what there is has not been bullish, but there is a takeaway from the data that will help the market to bottom. The consensus target is nearly $10 or about 95% above the price action, but this is a high target.
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The question is how far SPWH shares can fall, and it looks like it could be quite a bit. To combat these issues, the company will improve efficiency and cost control, which means less spending and the possibility of layoffs. The worst news is that the margin contracted at the gross and operating levels.
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10744.0
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2023-05-31 00:00:00 UTC
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US STOCKS-Wall St set to open lower ahead of debt ceiling deal vote
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AAP
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-lower-ahead-of-debt-ceiling-deal-vote
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
HP Inc, Hewlett Packard Enterprise slip on results
Advance Auto Parts slumps after forecast cut
Nvidia down after Tuesday's record high
May Chicago PMI, April job openings report due Wednesday
Futures down: Dow 0.30%, S&P 0.44%, Nasdaq 0.47%
Updates prices throughout, adds analyst comments in paragraphs 4 and 5, adds shares of American Airlines Group
By Shreyashi Sanyal
May 31 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America.
A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
House passage would send the bill to the Senate, where debate could stretch to the weekend, as a June 5 deadline loomed.
"All signs point to the deal getting done but there's headlines about some Congress people who are against it," said Joe Saluzzi, co-manager of trading at Themis Trading. "Until that deal gets done, there will be a little bit of nervousness."
The debt ceiling debate has been an overhang for financial markets, but signs of progress have pushed the S&P 500 .SPX and the Nasdaq .IXIC indexes toward monthly gains in May. The Nasdaq was on track for its best performance in May since 2020, rising 6.5%.
Investors now await the Labor Department's closely watched jobs report for May, due on Friday, which could show how resilient the economy has been to high interest rates and inflation.
At 8:34 a.m. ET, Dow e-minis 1YMcv1 were down 99 points, or 0.3%, S&P 500 e-minis EScv1 were down 18.5 points, or 0.44%, and Nasdaq 100 e-minis NQcv1 were down 67 points, or 0.47%.
Overnight, a reportshowed Federal Reserve Bank of Cleveland President Loretta Mester said she sees no "compelling" reason to pause rate hikes.
Traders are pricing in a 61% chance of a 25-basis point increase at the Fed's June 13-14 meeting. FEDWATCH
Chicago purchasing managers' index (PMI) data is due later in the day, as is the Job Openings and Labor Turnover Survey (JOLTS) for April.
Advance Auto Parts Inc AAP.N slumped 28.8% premarket after the auto parts retailer cut its full-year forecasts.
HP IncHPQ.N dropped 5.6% after it missed quarterly revenue estimates, as inflation-hit customers spent less on the company's personal computers.
Shares of Hewlett Packard Enterprise Co HPE.N slipped 8.7% as it also missed Wall Street estimates for second-quarter revenue.
Nvidia Corp's NVDA.O shares fell 1.8% a day after hitting a record high and briefly joined an elite club of U.S. companies sporting a $1 trillion market value.
Other chipmakers including Advanced Micro Devices Inc AMD.O, Micron Technology Inc MU.O and Intel Corp INTC.O shed between 0.9% and 3.8%.
Separately, chip company Ambarella Inc AMBA.O tumbled 18.5% after forecasting second-quarter revenue below estimates.
American Airlines Group Inc AAL.O added 2.1% after raising its second-quarter profit outlook.
(Reporting by Shreyashi Sanyal and Shashwat Chauhan in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc AAP.N slumped 28.8% premarket after the auto parts retailer cut its full-year forecasts. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window HP Inc, Hewlett Packard Enterprise slip on results Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high May Chicago PMI, April job openings report due Wednesday Futures down: Dow 0.30%, S&P 0.44%, Nasdaq 0.47% Updates prices throughout, adds analyst comments in paragraphs 4 and 5, adds shares of American Airlines Group By Shreyashi Sanyal May 31 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
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Advance Auto Parts Inc AAP.N slumped 28.8% premarket after the auto parts retailer cut its full-year forecasts. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window HP Inc, Hewlett Packard Enterprise slip on results Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high May Chicago PMI, April job openings report due Wednesday Futures down: Dow 0.30%, S&P 0.44%, Nasdaq 0.47% Updates prices throughout, adds analyst comments in paragraphs 4 and 5, adds shares of American Airlines Group By Shreyashi Sanyal May 31 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. Shares of Hewlett Packard Enterprise Co HPE.N slipped 8.7% as it also missed Wall Street estimates for second-quarter revenue.
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Advance Auto Parts Inc AAP.N slumped 28.8% premarket after the auto parts retailer cut its full-year forecasts. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window HP Inc, Hewlett Packard Enterprise slip on results Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high May Chicago PMI, April job openings report due Wednesday Futures down: Dow 0.30%, S&P 0.44%, Nasdaq 0.47% Updates prices throughout, adds analyst comments in paragraphs 4 and 5, adds shares of American Airlines Group By Shreyashi Sanyal May 31 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
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Advance Auto Parts Inc AAP.N slumped 28.8% premarket after the auto parts retailer cut its full-year forecasts. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window HP Inc, Hewlett Packard Enterprise slip on results Advance Auto Parts slumps after forecast cut Nvidia down after Tuesday's record high May Chicago PMI, April job openings report due Wednesday Futures down: Dow 0.30%, S&P 0.44%, Nasdaq 0.47% Updates prices throughout, adds analyst comments in paragraphs 4 and 5, adds shares of American Airlines Group By Shreyashi Sanyal May 31 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
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10745.0
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2023-05-31 00:00:00 UTC
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Advance Auto Parts Q1 23 Earnings Conference Call At 8:00 AM ET
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q1-23-earnings-conference-call-at-8%3A00-am-et
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nan
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nan
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on May 31, 2023, to discuss Q1 23 earnings results.
To access the live webcast, log on to https://ir.advanceautoparts.com/investors/overview/default.aspx
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on May 31, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://ir.advanceautoparts.com/investors/overview/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on May 31, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://ir.advanceautoparts.com/investors/overview/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on May 31, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://ir.advanceautoparts.com/investors/overview/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Advance Auto Parts (AAP) will host a conference call at 8:00 AM ET on May 31, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://ir.advanceautoparts.com/investors/overview/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10746.0
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2023-05-30 00:00:00 UTC
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Advance Auto Parts Inc Shares Fall 32.3% Below Previous 52-Week Low - Market Mover
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-shares-fall-32.3-below-previous-52-week-low-market-mover
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nan
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nan
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Advance Auto Parts Inc (AAP) shares closed 32.3% lower than its previous 52 week low, giving the company a market cap of $6B. The stock is currently down 22.7% year-to-date, down 39.5% over the past 12 months, and down 5.9% over the past five years. This week, the Dow Jones Industrial Average fell 0.0%, and the S&P 500 rose 1.5%.
Trading Activity
Trading volume this week was 113.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by 207.3%
The company's stock price performance over the past 12 months lags the peer average by 3285.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -518.8% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (AAP) shares closed 32.3% lower than its previous 52 week low, giving the company a market cap of $6B. This week, the Dow Jones Industrial Average fell 0.0%, and the S&P 500 rose 1.5%. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
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Advance Auto Parts Inc (AAP) shares closed 32.3% lower than its previous 52 week low, giving the company a market cap of $6B. This week, the Dow Jones Industrial Average fell 0.0%, and the S&P 500 rose 1.5%. Trading Activity Trading volume this week was 113.9% higher than the 20-day average.
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Advance Auto Parts Inc (AAP) shares closed 32.3% lower than its previous 52 week low, giving the company a market cap of $6B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 207.3% The company's stock price performance over the past 12 months lags the peer average by 3285.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -518.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Advance Auto Parts Inc (AAP) shares closed 32.3% lower than its previous 52 week low, giving the company a market cap of $6B. This week, the Dow Jones Industrial Average fell 0.0%, and the S&P 500 rose 1.5%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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10747.0
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2023-05-30 00:00:00 UTC
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Pre-Market Earnings Report for May 31, 2023 : DCI, CAE, AAP, CPRI, FRO, RSVR
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-may-31-2023-%3A-dci-cae-aap-cpri-fro-rsvr
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nan
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The following companies are expected to report earnings prior to market open on 05/31/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Donaldson Company, Inc. (DCI)is reporting for the quarter ending April 30, 2023. The pollution control company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.74. This value represents a 10.45% increase compared to the same quarter last year. DCI missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -6.94%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.13 vs. an industry ratio of 32.30.
CAE Inc (CAE)is reporting for the quarter ending March 31, 2023. The aerospace and defense company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.26. This value represents a 13.04% increase compared to the same quarter last year. CAE missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -72.22%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CAE is 33.41 vs. an industry ratio of 19.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc. (AAP)is reporting for the quarter ending March 31, 2023. The wholesale retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.60. This value represents a 27.17% decrease compared to the same quarter last year. AAP missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -14.46%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAP is 10.55 vs. an industry ratio of 90.60.
Capri Holdings Limited (CPRI)is reporting for the quarter ending March 31, 2023. The retail (shoe) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.94. This value represents a 7.84% decrease compared to the same quarter last year. CPRI missed the consensus earnings per share in the 4th calendar quarter of 2022 by -16.74%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CPRI is 6.56 vs. an industry ratio of 13.90.
Frontline Plc (FRO)is reporting for the quarter ending March 31, 2023. The shipping company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.02. This value represents a 10300.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for FRO is 5.00 vs. an industry ratio of 2.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Reservoir Media, Inc.. (RSVR)is reporting for the quarter ending March 31, 2023. The media company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.06. This value represents a 14.29% decrease compared to the same quarter last year. RSVR missed the consensus earnings per share in the 4th calendar quarter of 2022 by -100%. The "days to cover" for this stock exceeds 32 days.The days to cover, as reported in the 5/15/2023 short interest update, increased 305.43% from previous report on 4/28/2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RSVR is 110.50 vs. an industry ratio of 62.20, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. (AAP)is reporting for the quarter ending March 31, 2023. AAP missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -14.46%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAP is 10.55 vs. an industry ratio of 90.60.
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Advance Auto Parts Inc. (AAP)is reporting for the quarter ending March 31, 2023. AAP missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -14.46%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAP is 10.55 vs. an industry ratio of 90.60.
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Advance Auto Parts Inc. (AAP)is reporting for the quarter ending March 31, 2023. AAP missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -14.46%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAP is 10.55 vs. an industry ratio of 90.60.
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AAP missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -14.46%. Advance Auto Parts Inc. (AAP)is reporting for the quarter ending March 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for AAP is 10.55 vs. an industry ratio of 90.60.
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10748.0
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2023-05-29 00:00:00 UTC
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Advance Auto (AAP) to Report Q1 Earnings: What's in the Offing?
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AAP
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https://www.nasdaq.com/articles/advance-auto-aap-to-report-q1-earnings%3A-whats-in-the-offing
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nan
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Advance Auto Parts AAP is slated to release first-quarter 2023 results on May 31, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $2.60 and $3.43 billion, respectively.
For the first quarter, the consensus estimate for AAP’s earnings per share has moved up by a cent in the past 30 days. Its bottom-line estimates imply a deterioration of 27.17% from the year-ago reported number.
The Zacks Consensus Estimate for its quarterly revenues suggests a year-over-year increase of 1.56%.
Over the trailing four quarters, AAP surpassed earnings estimates on two occasions, met the same once and missed on the other, the average negative surprise being 1.54%. This is depicted in the graph below.
Advance Auto Parts, Inc. Price and EPS Surprise
Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote
Q4 Highlights
In fourth-quarter 2022, AAP’s adjusted earnings per share of $2.88 beat the consensus mark of $2.41. The bottom line also rose by 39.1% year over year. The company generated net revenues of $2,474 million, surpassing the Zacks Consensus Estimate of $2,422 million and increasing 3.2% from the year-ago reported figure. Comparable store sales increased by 2.1%.
Factors to Shape Q1 Results
Advance Auto Parts’ efforts to expand and optimize its footprint by opening new stores, widening its online presence and entering into strategic collaborations are expected to have resulted in higher sales and profits. But the intensive expansion efforts have forced Advance Auto Parts to bear the brunt of high selling, general and administrative (SG&A) costs, which are limiting the firm’s margins. High SG&A is likely to have strained margins in the to-be-reported quarter.
Moreover, rising investments to develop technology platforms and digital initiatives are set to dent the firm’s margins in the to-be-reported quarter. The company continues to deploy capital to pursue new growth opportunities through investments, partnerships and acquisitions. Further, tough price competition makes it difficult for AAP to achieve targeted margins in 2023, as outlined in its three-year strategic plan.
Advance Auto Parts’ expansion plan, high capital expenditure and tough price competition are likely to weigh on its first-quarter results.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Advance Auto Parts for the quarter to be reported, as it does not have the right combination of the two key ingredients. A combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: AAP has an Earnings ESP of -7.89%. This is because the Most Accurate Estimate is 20 cents lower than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings Whispers for Other Auto Companies
NIO NIO will release fiscal first-quarter 2023 results on Jun 9. The company has an Earnings ESP of 0.00% and a Zacks Rank #5 (Strong Sell).
The Zacks Consensus Estimate for NIO’s to-be-reported quarter’s loss and revenues is pegged at 22 cents per share and $1.69 billion, respectively.
Thor Industries THO will release fiscal third-quarter 2023 results on Jun 6. The company has an Earnings ESP of +1.38% and a Zacks Rank #4 (Sell).
The Zacks Consensus Estimate for THO’s to-be-reported quarter’s earnings and revenues is pegged at $1.13 per share and $2.94 billion, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Thor Industries, Inc. (THO) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
NIO Inc. (NIO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Further, tough price competition makes it difficult for AAP to achieve targeted margins in 2023, as outlined in its three-year strategic plan. Advance Auto Parts AAP is slated to release first-quarter 2023 results on May 31, before market open. For the first quarter, the consensus estimate for AAP’s earnings per share has moved up by a cent in the past 30 days.
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Advance Auto Parts, Inc. Price and EPS Surprise Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote Q4 Highlights In fourth-quarter 2022, AAP’s adjusted earnings per share of $2.88 beat the consensus mark of $2.41. Click to get this free report Thor Industries, Inc. (THO) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts AAP is slated to release first-quarter 2023 results on May 31, before market open.
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Advance Auto Parts, Inc. Price and EPS Surprise Advance Auto Parts, Inc. price-eps-surprise | Advance Auto Parts, Inc. Quote Q4 Highlights In fourth-quarter 2022, AAP’s adjusted earnings per share of $2.88 beat the consensus mark of $2.41. Click to get this free report Thor Industries, Inc. (THO) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts AAP is slated to release first-quarter 2023 results on May 31, before market open.
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Advance Auto Parts AAP is slated to release first-quarter 2023 results on May 31, before market open. For the first quarter, the consensus estimate for AAP’s earnings per share has moved up by a cent in the past 30 days. Over the trailing four quarters, AAP surpassed earnings estimates on two occasions, met the same once and missed on the other, the average negative surprise being 1.54%.
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10749.0
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2023-05-26 00:00:00 UTC
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Wedbush Maintains Advance Auto Parts (AAP) Neutral Recommendation
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AAP
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https://www.nasdaq.com/articles/wedbush-maintains-advance-auto-parts-aap-neutral-recommendation
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nan
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nan
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Fintel reports that on May 26, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation.
Analyst Price Forecast Suggests 36.60% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 36.60% from its latest reported closing price of 111.62.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
What is the Fund Sentiment?
There are 1308 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 29 owner(s) or 2.17% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.19%, a decrease of 7.38%. Total shares owned by institutions decreased in the last three months by 4.43% to 64,411K shares.
The put/call ratio of AAP is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,297K shares representing 5.55% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 2.94%. The firm decreased its portfolio allocation in AAP by 90.68% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,833K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,799K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in AAP by 22.19% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on May 26, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.19%, a decrease of 7.38%.
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Fintel reports that on May 26, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.19%, a decrease of 7.38%.
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Fintel reports that on May 26, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.19%, a decrease of 7.38%.
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Fintel reports that on May 26, 2023, Wedbush maintained coverage of Advance Auto Parts (NYSE:AAP) with a Neutral recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.19%, a decrease of 7.38%.
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10750.0
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2023-05-26 00:00:00 UTC
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Guru Fundamental Report for AAP - Peter Lynch
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AAP
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aap-peter-lynch-1
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nan
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nan
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry. The rating using this strategy is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ADVANCE AUTO PARTS, INC.
AAP Guru Analysis
AAP Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP).
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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10751.0
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2023-05-25 00:00:00 UTC
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Noteworthy Thursday Option Activity: AA, AAP, FYBR
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AAP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-aa-aap-fybr
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 18,267 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 53.2% of AA's average daily trading volume over the past month of 3.4 million shares. Particularly high volume was seen for the $25 strike put option expiring June 16, 2023, with 2,041 contracts trading so far today, representing approximately 204,100 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,790 contracts thus far today. That number of contracts represents approximately 479,000 underlying shares, working out to a sizeable 53.1% of AAP's average daily trading volume over the past month, of 901,340 shares. Especially high volume was seen for the $100 strike put option expiring September 15, 2023, with 723 contracts trading so far today, representing approximately 72,300 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange:
And Frontier Communications Parent Inc (Symbol: FYBR) saw options trading volume of 15,180 contracts, representing approximately 1.5 million underlying shares or approximately 53% of FYBR's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $15 strike call option expiring June 16, 2023, with 5,155 contracts trading so far today, representing approximately 515,500 underlying shares of FYBR. Below is a chart showing FYBR's trailing twelve month trading history, with the $15 strike highlighted in orange:
For the various different available expirations for AA options, AAP options, or FYBR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding INTE
PFIN Next Dividend Date
Funds Holding SJIV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $100 strike put option expiring September 15, 2023, with 723 contracts trading so far today, representing approximately 72,300 underlying shares of AAP. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,790 contracts thus far today. That number of contracts represents approximately 479,000 underlying shares, working out to a sizeable 53.1% of AAP's average daily trading volume over the past month, of 901,340 shares.
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Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange: And Frontier Communications Parent Inc (Symbol: FYBR) saw options trading volume of 15,180 contracts, representing approximately 1.5 million underlying shares or approximately 53% of FYBR's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,790 contracts thus far today. That number of contracts represents approximately 479,000 underlying shares, working out to a sizeable 53.1% of AAP's average daily trading volume over the past month, of 901,340 shares.
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Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange: And Frontier Communications Parent Inc (Symbol: FYBR) saw options trading volume of 15,180 contracts, representing approximately 1.5 million underlying shares or approximately 53% of FYBR's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,790 contracts thus far today. That number of contracts represents approximately 479,000 underlying shares, working out to a sizeable 53.1% of AAP's average daily trading volume over the past month, of 901,340 shares.
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Below is a chart showing AAP's trailing twelve month trading history, with the $100 strike highlighted in orange: And Frontier Communications Parent Inc (Symbol: FYBR) saw options trading volume of 15,180 contracts, representing approximately 1.5 million underlying shares or approximately 53% of FYBR's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing FYBR's trailing twelve month trading history, with the $15 strike highlighted in orange: For the various different available expirations for AA options, AAP options, or FYBR options, visit StockOptionsChannel.com. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 4,790 contracts thus far today.
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10752.0
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2023-05-24 00:00:00 UTC
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Earnings Preview: Advance Auto Parts (AAP) Q1 Earnings Expected to Decline
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AAP
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https://www.nasdaq.com/articles/earnings-preview%3A-advance-auto-parts-aap-q1-earnings-expected-to-decline
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nan
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nan
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Advance Auto Parts (AAP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on May 31, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This auto parts retailer is expected to post quarterly earnings of $2.60 per share in its upcoming report, which represents a year-over-year change of -27.2%.
Revenues are expected to be $3.43 billion, up 1.6% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.04% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Advance Auto Parts?
For Advance Auto Parts, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -7.89%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Advance Auto Parts will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Advance Auto Parts would post earnings of $2.41 per share when it actually produced earnings of $2.88, delivering a surprise of +19.50%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Advance Auto Parts doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2023. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
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Advance Auto Parts (AAP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2023. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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Advance Auto Parts (AAP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2023. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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Advance Auto Parts (AAP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2023. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. For Advance Auto Parts, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects.
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10753.0
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2023-05-23 00:00:00 UTC
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AutoZone Reports Earnings Beat, Shares Fall, Outlook Positive
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AAP
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https://www.nasdaq.com/articles/autozone-reports-earnings-beat-shares-fall-outlook-positive
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nan
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nan
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Shares of AutoZone (NYSE: AZO) has delivered investors a jaw-dropping rally, which has not hit any speed bumps since its start in 2021. As other operators in the industry, such as Advance Advance Auto Parts (NYSE: AAP), underperform AutoZone stock by as much as eighty percent during the past twelve months, it becomes evident that AutoZone must be doing something right to command the attention of so many participants in the stock market.
Despite the hot momentum shown in the past two years, showcased by the stock chart, shares of AutoZone are trading lower in the pre-market session of Tuesday morning. The sell-off, implying a decline of 3.7%, stems from investors digesting the results shown in the company's third-quarter 2023 earnings.
Within the press release, management leads the headline with some disappointing results. However, the market has some faith in the company still keeping up with its previous momentum, as investors are willing to pay a price-to-earnings ratio of up to 21.4x, compared to competitors like Advance Auto Parts, commanding only a 14.4x. The higher perceived value and investor willingness to pay more for AutoZone's underlying current - and future - earnings could give way for new investors to lean on further upside potential.
Earnings Results
Every industry has key performance indicators (KPIs) to measure periodic performance. However, the retail sector depends on the infamous comparable store sales growth rate. This measure gives analysts their viewpoints most of the time. For example, AutoZone operates like a retailer via brick-and-mortar shops; However, its digital presence is widely increasing. Still, the comparable store sales rate applies to measure its value.
Posting third-quarter 2023 comparable store sales growth of 1.9% may have set the foundation for the sell-off on Tuesday morning, as it severely underperformed the national inflation rate during the period, essentially taking away from the company's buying power. It is important to note that underperforming inflation on a sales growth basis, set as a minimum benchmark, would eat into the company's profitability as the cost of capital would outweigh any such sales growth, directly affecting investor returns.
Despite the company's sales underperforming inflation and potentially eating into investor returns, earnings per share increased to $34.12 compared to $29.03 a year prior, representing a 17.6% increase.
The massive difference between the earnings growth rate from the sales growth rate speaks to management efficiency within its operations, as operating margins increased from 20.3% in 2022 to 20.9% in 2023, any boost in margins during the challenging economic times the industry faced should be taken as a majorly positive sign. Similarly, net income margins were boosted from 15.3% in 2022 to 15.8% in 2023, accruing to investor earnings per share.
The company's share repurchase program is most important to investors within these results. Under this program, management bought back 365 thousand shares for $908.2 million during the quarter, effected at an average per share price of $2,551. The company still has a capital pool equaling $843.6 million to be deployed as further share repurchases authorized by the board.
When put into perspective, these buybacks are most impressive, as a total $902.8 million buyback would amount to nearly 2% of the company's market capitalization.
Moving Forward
Achieving a three-year average return on invested capital (ROIC) above 25% is no small feat for a retail company, especially one operating in such a competitive environment as vehicle parts and maintenance. Management not only believes there is additional value to be realized in the stock price, as portrayed by their share repurchase implementation and further capital pool but by inventory dynamics seen during the quarter.
According to management's presentation, inventory per store rose by 10.7% during the twelve months period. This increase is considered an expectation of further demand to come, as stores need to be stockpiled and ready to serve the needs of more customers.
Even though AutoZone analyst ratings expect little to no upside in the stock, many tailwinds at play may still need to be reflected within these price targets. Considering that today's rates for the average car loan are rising, hovering as high as 8.95% in 2023 compared to 5.66% just a year prior, these financing costs are rising along with unaffordable vehicle prices stemming from overall national inflation as well as a tight supply of both new and used vehicles.
These two forces at play, working against the average car buyer, incentivize people to keep their current vehicles until better conditions arrive and enable them to purchase a newer vehicle. Since this has become a dire realization for many, the demand to upkeep vehicles today and make sure they can make it out until these conditions improve can significantly drive AutoZone's fundamentals to reach a new high.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As other operators in the industry, such as Advance Advance Auto Parts (NYSE: AAP), underperform AutoZone stock by as much as eighty percent during the past twelve months, it becomes evident that AutoZone must be doing something right to command the attention of so many participants in the stock market. Despite the hot momentum shown in the past two years, showcased by the stock chart, shares of AutoZone are trading lower in the pre-market session of Tuesday morning. Posting third-quarter 2023 comparable store sales growth of 1.9% may have set the foundation for the sell-off on Tuesday morning, as it severely underperformed the national inflation rate during the period, essentially taking away from the company's buying power.
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As other operators in the industry, such as Advance Advance Auto Parts (NYSE: AAP), underperform AutoZone stock by as much as eighty percent during the past twelve months, it becomes evident that AutoZone must be doing something right to command the attention of so many participants in the stock market. Despite the company's sales underperforming inflation and potentially eating into investor returns, earnings per share increased to $34.12 compared to $29.03 a year prior, representing a 17.6% increase. Considering that today's rates for the average car loan are rising, hovering as high as 8.95% in 2023 compared to 5.66% just a year prior, these financing costs are rising along with unaffordable vehicle prices stemming from overall national inflation as well as a tight supply of both new and used vehicles.
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As other operators in the industry, such as Advance Advance Auto Parts (NYSE: AAP), underperform AutoZone stock by as much as eighty percent during the past twelve months, it becomes evident that AutoZone must be doing something right to command the attention of so many participants in the stock market. It is important to note that underperforming inflation on a sales growth basis, set as a minimum benchmark, would eat into the company's profitability as the cost of capital would outweigh any such sales growth, directly affecting investor returns. Despite the company's sales underperforming inflation and potentially eating into investor returns, earnings per share increased to $34.12 compared to $29.03 a year prior, representing a 17.6% increase.
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As other operators in the industry, such as Advance Advance Auto Parts (NYSE: AAP), underperform AutoZone stock by as much as eighty percent during the past twelve months, it becomes evident that AutoZone must be doing something right to command the attention of so many participants in the stock market. Posting third-quarter 2023 comparable store sales growth of 1.9% may have set the foundation for the sell-off on Tuesday morning, as it severely underperformed the national inflation rate during the period, essentially taking away from the company's buying power. Despite the company's sales underperforming inflation and potentially eating into investor returns, earnings per share increased to $34.12 compared to $29.03 a year prior, representing a 17.6% increase.
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10754.0
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2023-05-19 00:00:00 UTC
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AutoZone (AZO) to Report Q3 Earnings: What's in the Cards?
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AAP
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https://www.nasdaq.com/articles/autozone-azo-to-report-q3-earnings%3A-whats-in-the-cards
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nan
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nan
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AutoZone AZO is slated to release third-quarter fiscal 2023 results on May 23, before the opening bell. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at $30.84 per share and $4.09 billion, respectively.
The Zacks Consensus Estimate for AZO’s fiscal third-quarter earnings per share has moved 8 cents (0.3%) north in the past seven days. Also, the bottom-line projection indicates year-over-year growth of 6.2%. The Zacks Consensus Estimate for quarterly revenues implies a 5.9% rise from the prior-year level.
The automotive parts retailer posted better-than-anticipated results in the last reported quarter. Earnings of $24.64 per share improved 10.5% from the prior-year figure and topped the Zacks Consensus Estimate of $21.33. Over the trailing four quarters, the company surpassed earnings estimates on all occasions, the average being 10.61%. This is depicted in the graph below:
AutoZone, Inc. Price and EPS Surprise
AutoZone, Inc. price-eps-surprise | AutoZone, Inc. Quote
Things to Note
AutoZone’s omni-channel efforts to improve customer shopping experiences are reaping profits. The company’s e-commerce efforts that are driving traffic to the company’s online site are likely to have positively impacted the company’s performance in the third quarter of fiscal 2023. Continued strength across its DIY as well as commercial businesses, amid the expansion of coverage and parts availability, is also likely to have boosted revenues in the to-be-reported quarter.
While doubling down on expansion with the opening of new distribution centers, mega hubs and stores is set to boost prospects in the long run, it is expected to have strained the operating margin in the quarter under review due to high capex. Rising commodity prices amid the chip crisis is likely to have put pressure on gross margins in the quarter under review. Escalating expenses are likely to have adversely impacted third-quarter 2023 results.
What Does Our Model Say?
Our proven model does not conclusively predict an earnings beat for AutoZone this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: AutoZone has an Earnings ESP of -0.87%. This is because the Most Accurate Estimate is pegged 27 cents lower than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AutoZone currently carries a Zacks Rank #3.
Earnings Whispers for Other Auto Companies
Advance Auto AAP will release fiscal first-quarter 2023 results on May 31. The company has an Earnings ESP of -7.89% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Advance Auto’s to-be-reported quarter’s earnings and revenues is pegged at $2.60 per share and $3.43 billion, respectively. AAP surpassed earnings estimates in two of the trailing four quarters, met once and missed in the other, the average surprise being 1.54%.
NIO NIO will release fiscal first-quarter 2023 results on Jun 9. The company has an Earnings ESP of 0.00% and a Zacks Rank #5 (Strong Sell).
The Zacks Consensus Estimate for NIO’s to-be-reported quarter’s loss and revenues is pegged at 22 cents per share and $1.69 billion, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
AutoZone, Inc. (AZO) : Free Stock Analysis Report
NIO Inc. (NIO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings Whispers for Other Auto Companies Advance Auto AAP will release fiscal first-quarter 2023 results on May 31. AAP surpassed earnings estimates in two of the trailing four quarters, met once and missed in the other, the average surprise being 1.54%. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings Whispers for Other Auto Companies Advance Auto AAP will release fiscal first-quarter 2023 results on May 31. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report To read this article on Zacks.com click here. AAP surpassed earnings estimates in two of the trailing four quarters, met once and missed in the other, the average surprise being 1.54%.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers for Other Auto Companies Advance Auto AAP will release fiscal first-quarter 2023 results on May 31. AAP surpassed earnings estimates in two of the trailing four quarters, met once and missed in the other, the average surprise being 1.54%.
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Earnings Whispers for Other Auto Companies Advance Auto AAP will release fiscal first-quarter 2023 results on May 31. AAP surpassed earnings estimates in two of the trailing four quarters, met once and missed in the other, the average surprise being 1.54%. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10755.0
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2023-05-19 00:00:00 UTC
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3 Safe Dividend Stocks to Beat Inflation
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AAP
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https://www.nasdaq.com/articles/3-safe-dividend-stocks-to-beat-inflation-2
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nan
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nan
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Inflation rates may finally be cooling down from last year's unnerving levels. However, prices are still rising at a pace above long-term averages, so consumers can't breathe easy just yet -- and neither can investors, for that matter. After all, inflation is simply the reduction of money's effective buying power. It doesn't really matter where the money's coming from.
That said, investors have some options to help curb the adverse impact of inflation. Plenty of dividend-paying companies are dishing out -- and growing -- their dividend payments generously enough to outpace inflation's impact. Here's a closer look at three such dividend stocks to consider adding to the income-paying portion of your portfolio.
1. Amgen: Dividend yield is 3.6%
Almost everyone's heard of pharmaceutical company Amgen (NASDAQ: AMGN), but most people would be hard-pressed to name one single drug it makes.
That's not necessarily a bad thing, though. It's a sign that its drug portfolio is highly diversified and that the company itself is flying under the radar, quietly churning out cash that supports its dividend payments. Amgen earned an operating profit of $3.98 per share last quarter, handily covering its dividend payout of $2.13 per share.
That's a dividend, by the way, that's been raised every year since 2011 -- and by more than a little. Back then, its per-share quarterly payout was a mere $0.28 per share.
In-the-know investors likely already know the Federal Trade Commission is suing to prevent Amgen from completing its intended acquisition of Horizon Therapeutics, cutting off access to several new revenue-bearing prospects. It's discouraging, to be sure.
Don't sweat it too much, however. The deal could still go through, and even if it doesn't, take a step back and look at the bigger picture. Amgen is interested in acquisitions, and it is in a fiscal position to make such deals. If not Horizon, there are other prospects on the radar that would dovetail nicely into the company's cash-generating operation.
Oh, and if you're wondering, rheumatoid arthritis treatment Enbrel is Amgen's best-selling and arguably best-known drug. Even so, it only accounts for about 15% of the company's total revenue. It's got more than 20 others chipping in.
As noted, Amgen's revenue base is very, very diversified. That's what you want to see in dividend payers of this ilk.
2. Cisco Systems: Dividend yield is 3.3%
Most technology stocks aren't known for being income-driving names. Cisco Systems (NASDAQ: CSCO) is a clear but rare exception to this norm, paying out 3.3% of the stock's present price. Investors looking for income should consider scooping this name up while the oddity's yield is relatively high.
Cisco is of course the king of computer networking. It's been around since the earliest days of the web, and while competition has crept in, IDC says the company still commands a leading 35% share of the networking market.
You probably don't have a Cisco router in your home. But, there's a very good chance your employer relies on Cisco's tech. This enterprise market is where the big bucks are.
But the company's continued dominance isn't the chief reason you might want to own a piece of it for its income potential. Rather, you should eye it as a dividend name for how well-shielded its current and future dividend payments are.
See, Cisco has very little debt, but lots of cash. As of the three months ending in January, the company was sitting on more than $22 billion in cash and liquid investments, versus only $7.6 billion worth of long-term debt. For added perspective, Cisco turned $13.6 billion worth of revenue into net income of $2.8 billion during the quarter in question, with the aforementioned debt only costing it on the order of $100 million.
This degree of financial flexibility is always an advantage, but it's particularly advantageous when economic headwinds are blowing while costs -- and interest rates -- are rising.
3. Advance Auto Parts: Dividend yield is 4.9%
Last but not least, add auto parts retailer Advance Auto Parts (NYSE: AAP) to your list of dividend stocks to buy if you need a safe, reliable way of beating inflation.
On the surface, it seems like the car parts industry should be a cyclical one -- or one at least impacted by economic ebbs and flows. When times are good, consumers will buy new vehicles. When things are less than robust, people will invest in a fix to keep an automobile reliably on the road. And when times are downright tough, folks just might skip making a repair (whether it's needed or not).
The fact is, however, the auto parts business is oddly consistent; sales growth is usually a foregone conclusion. As it turns out, people are doing whatever it takes to keep their cars running, regardless of the economic environment. It's a dynamic that's perfectly suited for dividend-paying companies.
That said, while Advance Auto Parts has reliably paid a dividend since 2006, it's only been since 2021 that the company's been serious about sharing the wealth, so to speak. That's when its quarterly payout was catapulted from $0.25 per share to $1, en route to its current payment of $1.50. The subsequently high yield of 4.9% may simply reflect investors' lingering shell shock over the relatively new prioritization of a dividend as much as it reflects this year's headwind for the stock.
Whatever the case, don't overthink it. Just capitalize on the market's unmerited concern. Advance Auto Parts earned $2.88 per share in the final quarter of last year, and $13.04 per share for the full year. That's more than enough to cover the current dividend. Likewise, even this year's expected off-year for earnings will still produce more than enough profits to support its dividend before next year's expected earnings rebound.
10 stocks we like better than Advance Auto Parts
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Advance Auto Parts wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of May 15, 2023
James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cisco Systems. The Motley Fool recommends Amgen. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts: Dividend yield is 4.9% Last but not least, add auto parts retailer Advance Auto Parts (NYSE: AAP) to your list of dividend stocks to buy if you need a safe, reliable way of beating inflation. It's a sign that its drug portfolio is highly diversified and that the company itself is flying under the radar, quietly churning out cash that supports its dividend payments. In-the-know investors likely already know the Federal Trade Commission is suing to prevent Amgen from completing its intended acquisition of Horizon Therapeutics, cutting off access to several new revenue-bearing prospects.
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Advance Auto Parts: Dividend yield is 4.9% Last but not least, add auto parts retailer Advance Auto Parts (NYSE: AAP) to your list of dividend stocks to buy if you need a safe, reliable way of beating inflation. Amgen earned an operating profit of $3.98 per share last quarter, handily covering its dividend payout of $2.13 per share. For added perspective, Cisco turned $13.6 billion worth of revenue into net income of $2.8 billion during the quarter in question, with the aforementioned debt only costing it on the order of $100 million.
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Advance Auto Parts: Dividend yield is 4.9% Last but not least, add auto parts retailer Advance Auto Parts (NYSE: AAP) to your list of dividend stocks to buy if you need a safe, reliable way of beating inflation. Amgen: Dividend yield is 3.6% Almost everyone's heard of pharmaceutical company Amgen (NASDAQ: AMGN), but most people would be hard-pressed to name one single drug it makes. Cisco Systems: Dividend yield is 3.3% Most technology stocks aren't known for being income-driving names.
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Advance Auto Parts: Dividend yield is 4.9% Last but not least, add auto parts retailer Advance Auto Parts (NYSE: AAP) to your list of dividend stocks to buy if you need a safe, reliable way of beating inflation. When times are good, consumers will buy new vehicles. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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10756.0
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2023-05-18 00:00:00 UTC
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AAP Crosses Above 5% Yield Territory
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AAP
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https://www.nasdaq.com/articles/aap-crosses-above-5-yield-territory
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 5% mark based on its quarterly dividend (annualized to $6), with the stock changing hands as low as $119.29 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. Advance Auto Parts Inc (Symbol: AAP) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
Also see:
TREC Options Chain
Funds Holding MHLD
AIRS YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 5% mark based on its quarterly dividend (annualized to $6), with the stock changing hands as low as $119.29 on the day. Advance Auto Parts Inc (Symbol: AAP) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 5% mark based on its quarterly dividend (annualized to $6), with the stock changing hands as low as $119.29 on the day. Advance Auto Parts Inc (Symbol: AAP) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 5% mark based on its quarterly dividend (annualized to $6), with the stock changing hands as low as $119.29 on the day. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. Advance Auto Parts Inc (Symbol: AAP) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
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Advance Auto Parts Inc (Symbol: AAP) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) were yielding above the 5% mark based on its quarterly dividend (annualized to $6), with the stock changing hands as low as $119.29 on the day. In the case of Advance Auto Parts Inc, looking at the history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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10757.0
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2023-05-18 00:00:00 UTC
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AAP July 21st Options Begin Trading
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AAP
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https://www.nasdaq.com/articles/aap-july-21st-options-begin-trading
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the July 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new July 21st contracts and identified one put and one call contract of particular interest.
The put contract at the $120.00 strike price has a current bid of $4.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $120.00, but will also collect the premium, putting the cost basis of the shares at $115.50 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $121.06/share today.
Because the $120.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.75% return on the cash commitment, or 21.39% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $120.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $125.00 strike price has a current bid of $2.75. If an investor was to purchase shares of AAP stock at the current price level of $121.06/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $125.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.53% if the stock gets called away at the July 21st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red:
Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.27% boost of extra return to the investor, or 12.96% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $121.06) to be 35%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
EZM Split History
Funds Holding MIG
Top Ten Hedge Funds Holding AMAG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red: Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the July 21st expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red: Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the July 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new July 21st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red: Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the July 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new July 21st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red: Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the July 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new July 21st contracts and identified one put and one call contract of particular interest.
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10758.0
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2023-05-17 00:00:00 UTC
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Interesting AAP Put And Call Options For May 19th
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AAP
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https://www.nasdaq.com/articles/interesting-aap-put-and-call-options-for-may-19th
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the May 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new May 19th contracts and identified one put and one call contract of particular interest.
The put contract at the $118.00 strike price has a current bid of 75 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $118.00, but will also collect the premium, putting the cost basis of the shares at $117.25 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $119.14/share today.
Because the $118.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.64% return on the cash commitment, or 116.00% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $118.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $120.00 strike price has a current bid of 80 cents. If an investor was to purchase shares of AAP stock at the current price level of $119.14/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $120.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 1.39% if the stock gets called away at the May 19th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red:
Considering the fact that the $120.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 60%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.67% boost of extra return to the investor, or 122.54% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 40%, while the implied volatility in the call contract example is 48%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $119.14) to be 35%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Stocks Crossing Below Book Value
JKHY Videos
RLOC Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red: Considering the fact that the $120.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the May 19th expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red: Considering the fact that the $120.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the May 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new May 19th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red: Considering the fact that the $120.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the May 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new May 19th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new May 19th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red: Considering the fact that the $120.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading this week, for the May 19th expiration.
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10759.0
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2023-05-17 00:00:00 UTC
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Citigroup Maintains Advance Auto Parts (AAP) Buy Recommendation
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AAP
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https://www.nasdaq.com/articles/citigroup-maintains-advance-auto-parts-aap-buy-recommendation
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Fintel reports that on May 17, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Buy recommendation.
Analyst Price Forecast Suggests 29.94% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 29.94% from its latest reported closing price of 117.34.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $1.50 Dividend
On February 21, 2023 the company declared a regular quarterly dividend of $1.50 per share ($6.00 annualized). Shareholders of record as of April 14, 2023 received the payment on April 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $117.34 / share, the stock's dividend yield is 5.11%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.37%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.44 (n=237).
The current dividend yield is 2.61 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1295 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 52 owner(s) or 3.86% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 7.92%. Total shares owned by institutions decreased in the last three months by 4.83% to 64,361K shares.
The put/call ratio of AAP is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,269K shares representing 5.50% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 3.81%. The firm decreased its portfolio allocation in AAP by 25.66% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. In it's prior filing, the firm reported owning 2,284K shares, representing an increase of 6.78%. The firm decreased its portfolio allocation in AAP by 10.17% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,799K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 1,790K shares, representing an increase of 0.50%. The firm decreased its portfolio allocation in AAP by 12.72% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on May 17, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Buy recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 7.92%.
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Fintel reports that on May 17, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Buy recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 7.92%.
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Fintel reports that on May 17, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Buy recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 7.92%.
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Fintel reports that on May 17, 2023, Citigroup maintained coverage of Advance Auto Parts (NYSE:AAP) with a Buy recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 7.92%.
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10760.0
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2023-05-17 00:00:00 UTC
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Notable Wednesday Option Activity: AAP, MDGL, PLUG
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AAP
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-aap-mdgl-plug
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 4,443 contracts have traded so far, representing approximately 444,300 underlying shares. That amounts to about 47% of AAP's average daily trading volume over the past month of 944,790 shares. Particularly high volume was seen for the $120 strike call option expiring June 16, 2023, with 1,025 contracts trading so far today, representing approximately 102,500 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $120 strike highlighted in orange:
Madrigal Pharmaceuticals Inc (Symbol: MDGL) saw options trading volume of 1,639 contracts, representing approximately 163,900 underlying shares or approximately 46.1% of MDGL's average daily trading volume over the past month, of 355,515 shares. Especially high volume was seen for the $380 strike call option expiring July 21, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of MDGL. Below is a chart showing MDGL's trailing twelve month trading history, with the $380 strike highlighted in orange:
And Plug Power Inc (Symbol: PLUG) options are showing a volume of 92,154 contracts thus far today. That number of contracts represents approximately 9.2 million underlying shares, working out to a sizeable 45.2% of PLUG's average daily trading volume over the past month, of 20.4 million shares. Especially high volume was seen for the $8.50 strike call option expiring June 23, 2023, with 13,981 contracts trading so far today, representing approximately 1.4 million underlying shares of PLUG. Below is a chart showing PLUG's trailing twelve month trading history, with the $8.50 strike highlighted in orange:
For the various different available expirations for AAP options, MDGL options, or PLUG options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
WRES Insider Buying
Funds Holding NOTE
VCLT YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $120 strike call option expiring June 16, 2023, with 1,025 contracts trading so far today, representing approximately 102,500 underlying shares of AAP. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 4,443 contracts have traded so far, representing approximately 444,300 underlying shares. That amounts to about 47% of AAP's average daily trading volume over the past month of 944,790 shares.
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Below is a chart showing AAP's trailing twelve month trading history, with the $120 strike highlighted in orange: Madrigal Pharmaceuticals Inc (Symbol: MDGL) saw options trading volume of 1,639 contracts, representing approximately 163,900 underlying shares or approximately 46.1% of MDGL's average daily trading volume over the past month, of 355,515 shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 4,443 contracts have traded so far, representing approximately 444,300 underlying shares. That amounts to about 47% of AAP's average daily trading volume over the past month of 944,790 shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 4,443 contracts have traded so far, representing approximately 444,300 underlying shares. Below is a chart showing AAP's trailing twelve month trading history, with the $120 strike highlighted in orange: Madrigal Pharmaceuticals Inc (Symbol: MDGL) saw options trading volume of 1,639 contracts, representing approximately 163,900 underlying shares or approximately 46.1% of MDGL's average daily trading volume over the past month, of 355,515 shares. That amounts to about 47% of AAP's average daily trading volume over the past month of 944,790 shares.
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Particularly high volume was seen for the $120 strike call option expiring June 16, 2023, with 1,025 contracts trading so far today, representing approximately 102,500 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $120 strike highlighted in orange: Madrigal Pharmaceuticals Inc (Symbol: MDGL) saw options trading volume of 1,639 contracts, representing approximately 163,900 underlying shares or approximately 46.1% of MDGL's average daily trading volume over the past month, of 355,515 shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 4,443 contracts have traded so far, representing approximately 444,300 underlying shares.
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10761.0
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2023-05-15 00:00:00 UTC
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Wells Fargo Maintains Advance Auto Parts (AAP) Equal-Weight Recommendation
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AAP
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https://www.nasdaq.com/articles/wells-fargo-maintains-advance-auto-parts-aap-equal-weight-recommendation
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Fintel reports that on May 15, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 24.10% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 24.10% from its latest reported closing price of 122.86.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $1.50 Dividend
On February 21, 2023 the company declared a regular quarterly dividend of $1.50 per share ($6.00 annualized). Shareholders of record as of April 14, 2023 received the payment on April 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $122.86 / share, the stock's dividend yield is 4.88%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.35%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.42 (n=237).
The current dividend yield is 2.49 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1293 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 22 owner(s) or 1.67% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.04%. Total shares owned by institutions decreased in the last three months by 10.42% to 60,934K shares.
The put/call ratio of AAP is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,269K shares representing 5.50% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 3.81%. The firm decreased its portfolio allocation in AAP by 90.95% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. In it's prior filing, the firm reported owning 2,284K shares, representing an increase of 6.78%. The firm decreased its portfolio allocation in AAP by 10.17% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,799K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 1,790K shares, representing an increase of 0.50%. The firm decreased its portfolio allocation in AAP by 12.72% over the last quarter.
Champlain Investment Partners holds 1,553K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in AAP by 80,150.76% over the last quarter.
Millennium Management holds 1,509K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 1,181K shares, representing an increase of 21.74%. The firm increased its portfolio allocation in AAP by 9.53% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
See all Advance Auto Parts regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on May 15, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.04%.
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Fintel reports that on May 15, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.04%.
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Fintel reports that on May 15, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.04%.
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Fintel reports that on May 15, 2023, Wells Fargo maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.04%.
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10762.0
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2023-05-15 00:00:00 UTC
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Advance Auto Parts (AAP) Stock Sinks As Market Gains: What You Should Know
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-stock-sinks-as-market-gains%3A-what-you-should-know-3
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Advance Auto Parts (AAP) closed at $121.95 in the latest trading session, marking a -0.74% move from the prior day. This move lagged the S&P 500's daily gain of 0.3%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.74%.
Coming into today, shares of the auto parts retailer had lost 0.6% in the past month. In that same time, the Retail-Wholesale sector gained 3.51%, while the S&P 500 gained 0.85%.
Advance Auto Parts will be looking to display strength as it nears its next earnings release, which is expected to be May 31, 2023. On that day, Advance Auto Parts is projected to report earnings of $2.59 per share, which would represent a year-over-year decline of 27.45%. Our most recent consensus estimate is calling for quarterly revenue of $3.43 billion, up 1.56% from the year-ago period.
AAP's full-year Zacks Consensus Estimates are calling for earnings of $10.64 per share and revenue of $11.44 billion. These results would represent year-over-year changes of -18.4% and +2.53%, respectively.
Investors should also note any recent changes to analyst estimates for Advance Auto Parts. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% higher. Advance Auto Parts is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Advance Auto Parts currently has a Forward P/E ratio of 11.55. For comparison, its industry has an average Forward P/E of 25.92, which means Advance Auto Parts is trading at a discount to the group.
Investors should also note that AAP has a PEG ratio of 1.01 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Automotive - Retail and Wholesale - Parts stocks are, on average, holding a PEG ratio of 1.8 based on yesterday's closing prices.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 76, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
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Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) closed at $121.95 in the latest trading session, marking a -0.74% move from the prior day. AAP's full-year Zacks Consensus Estimates are calling for earnings of $10.64 per share and revenue of $11.44 billion. Investors should also note that AAP has a PEG ratio of 1.01 right now.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) closed at $121.95 in the latest trading session, marking a -0.74% move from the prior day. AAP's full-year Zacks Consensus Estimates are calling for earnings of $10.64 per share and revenue of $11.44 billion.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) closed at $121.95 in the latest trading session, marking a -0.74% move from the prior day. AAP's full-year Zacks Consensus Estimates are calling for earnings of $10.64 per share and revenue of $11.44 billion.
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Advance Auto Parts (AAP) closed at $121.95 in the latest trading session, marking a -0.74% move from the prior day. AAP's full-year Zacks Consensus Estimates are calling for earnings of $10.64 per share and revenue of $11.44 billion. Investors should also note that AAP has a PEG ratio of 1.01 right now.
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10763.0
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2023-05-15 00:00:00 UTC
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After Hours Most Active for May 15, 2023 : GOOGL, MTCH, BEKE, PAGS, ARMK, BABA, CTLT, UBER, AMZN, NVDA, TCOM, AAPL
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AAP
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https://www.nasdaq.com/articles/after-hours-most-active-for-may-15-2023-%3A-googl-mtch-beke-pags-armk-baba-ctlt-uber-amzn
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The NASDAQ 100 After Hours Indicator is down -.12 to 13,413.39. The total After hours volume is currently 62,441,222 shares traded.
The following are the most active stocks for the after hours session:
Alphabet Inc. (GOOGL) is +0.51 at $117.02, with 3,213,538 shares traded. Over the last four weeks they have had 11 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $1.33. As reported by Zacks, the current mean recommendation for GOOGL is in the "buy range".
Match Group, Inc. (MTCH) is +0.02 at $32.46, with 3,105,685 shares traded. As reported by Zacks, the current mean recommendation for MTCH is in the "buy range".
KE Holdings Inc (BEKE) is unchanged at $17.10, with 2,601,468 shares traded.BEKE is scheduled to provide an earnings report on 5/18/2023, for the fiscal quarter ending Mar2023. The consensus earnings per share forecast is 0.15 per share, which represents a -8 percent increase over the EPS one Year Ago
PagSeguro Digital Ltd. (PAGS) is -0.07 at $12.44, with 2,318,563 shares traded. PAGS's current last sale is 88.86% of the target price of $14.
Aramark (ARMK) is unchanged at $37.79, with 2,051,282 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $0.55. ARMK's current last sale is 89.98% of the target price of $42.
Alibaba Group Holding Limited (BABA) is -1.0031 at $87.34, with 1,502,215 shares traded.BABA is scheduled to provide an earnings report on 5/18/2023, for the fiscal quarter ending Mar2023. The consensus earnings per share forecast is 0.92 per share, which represents a 145 percent increase over the EPS one Year Ago
Catalent, Inc. (CTLT) is +0.03 at $33.22, with 1,337,828 shares traded. CTLT's current last sale is 61.52% of the target price of $54.
Uber Technologies, Inc. (UBER) is -0.01 at $38.13, with 1,268,487 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $-0.04. As reported by Zacks, the current mean recommendation for UBER is in the "buy range".
Amazon.com, Inc. (AMZN) is -0.13 at $111.07, with 1,224,807 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $0.33. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
NVIDIA Corporation (NVDA) is -0.21 at $289.32, with 1,141,089 shares traded. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
Trip.com Group Limited (TCOM) is unchanged at $34.24, with 1,124,237 shares traded. As reported by Zacks, the current mean recommendation for TCOM is in the "buy range".
Apple Inc. (AAPL) is +0.07 at $172.14, with 1,071,384 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $2.17. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. (AAPL) is +0.07 at $172.14, with 1,071,384 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". KE Holdings Inc (BEKE) is unchanged at $17.10, with 2,601,468 shares traded.BEKE is scheduled to provide an earnings report on 5/18/2023, for the fiscal quarter ending Mar2023.
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Apple Inc. (AAPL) is +0.07 at $172.14, with 1,071,384 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". KE Holdings Inc (BEKE) is unchanged at $17.10, with 2,601,468 shares traded.BEKE is scheduled to provide an earnings report on 5/18/2023, for the fiscal quarter ending Mar2023.
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Apple Inc. (AAPL) is +0.07 at $172.14, with 1,071,384 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The consensus earnings per share forecast is 0.15 per share, which represents a -8 percent increase over the EPS one Year Ago
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Apple Inc. (AAPL) is +0.07 at $172.14, with 1,071,384 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". The NASDAQ 100 After Hours Indicator is down -.12 to 13,413.39.
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10764.0
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2023-05-12 00:00:00 UTC
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Guru Fundamental Report for AAP - Peter Lynch
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AAP
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aap-peter-lynch-0
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating using this strategy is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ADVANCE AUTO PARTS, INC.
AAP Guru Analysis
AAP Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP).
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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10765.0
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2023-05-11 00:00:00 UTC
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Morgan Stanley Maintains Advance Auto Parts (AAP) Equal-Weight Recommendation
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AAP
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https://www.nasdaq.com/articles/morgan-stanley-maintains-advance-auto-parts-aap-equal-weight-recommendation
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Fintel reports that on May 11, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 22.82% Upside
As of May 11, 2023, the average one-year price target for Advance Auto Parts is 152.47. The forecasts range from a low of 106.05 to a high of $189.00. The average price target represents an increase of 22.82% from its latest reported closing price of 124.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is 11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is 13.56.
Advance Auto Parts Declares $1.50 Dividend
On February 21, 2023 the company declared a regular quarterly dividend of $1.50 per share ($6.00 annualized). Shareholders of record as of April 14, 2023 received the payment on April 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $124.14 / share, the stock's dividend yield is 4.83%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.35%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.42 (n=237).
The current dividend yield is 2.45 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.71. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1291 funds or institutions reporting positions in Advance Auto Parts. This is a decrease of 25 owner(s) or 1.90% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.99%. Total shares owned by institutions decreased in the last three months by 8.41% to 62,298K shares.
The put/call ratio of AAP is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 3,269K shares representing 5.50% ownership of the company. In it's prior filing, the firm reported owning 3,394K shares, representing a decrease of 3.81%. The firm decreased its portfolio allocation in AAP by 90.95% over the last quarter.
Clearbridge Investments holds 2,555K shares representing 4.30% ownership of the company. In it's prior filing, the firm reported owning 3,044K shares, representing a decrease of 19.12%. The firm decreased its portfolio allocation in AAP by 22.67% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.12% ownership of the company. In it's prior filing, the firm reported owning 2,284K shares, representing an increase of 6.78%. The firm decreased its portfolio allocation in AAP by 10.17% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,799K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 1,790K shares, representing an increase of 0.50%. The firm decreased its portfolio allocation in AAP by 12.72% over the last quarter.
Champlain Investment Partners holds 1,571K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 1,580K shares, representing a decrease of 0.52%. The firm decreased its portfolio allocation in AAP by 99.91% over the last quarter.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
See all Advance Auto Parts regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on May 11, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.99%.
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Fintel reports that on May 11, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.99%.
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Fintel reports that on May 11, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.99%.
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Fintel reports that on May 11, 2023, Morgan Stanley maintained coverage of Advance Auto Parts (NYSE:AAP) with a Equal-Weight recommendation. The projected annual non-GAAP EPS is 13.56. Average portfolio weight of all funds dedicated to AAP is 0.20%, a decrease of 6.99%.
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10766.0
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2023-05-09 00:00:00 UTC
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Hagerty, Inc. (HGTY) Reports Q1 Loss, Tops Revenue Estimates
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AAP
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https://www.nasdaq.com/articles/hagerty-inc.-hgty-reports-q1-loss-tops-revenue-estimates
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Hagerty, Inc. (HGTY) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.10, delivering a surprise of -25%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Hagerty, Inc., which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $218.35 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 2.10%. This compares to year-ago revenues of $167.81 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Hagerty, Inc. Shares have added about 12.6% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for Hagerty, Inc.
While Hagerty, Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hagerty, Inc. Favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $252.8 million in revenues for the coming quarter and $0.05 on $962.74 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Wholesale - Parts is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended March 2023.
This auto parts retailer is expected to post quarterly earnings of $2.59 per share in its upcoming report, which represents a year-over-year change of -27.5%. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level.
Advance Auto Parts' revenues are expected to be $3.43 billion, up 1.6% from the year-ago quarter.
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Hagerty, Inc. (HGTY) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended March 2023. Click to get this free report Hagerty, Inc. (HGTY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock.
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Click to get this free report Hagerty, Inc. (HGTY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended March 2023. Hagerty, Inc., which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $218.35 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 2.10%.
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Click to get this free report Hagerty, Inc. (HGTY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended March 2023. Hagerty, Inc., which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $218.35 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 2.10%.
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Advance Auto Parts (AAP), another stock in the same industry, has yet to report results for the quarter ended March 2023. Click to get this free report Hagerty, Inc. (HGTY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Hagerty, Inc. (HGTY) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate.
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10767.0
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2023-05-08 00:00:00 UTC
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Advance Auto Parts (AAP) Outpaces Stock Market Gains: What You Should Know
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-outpaces-stock-market-gains%3A-what-you-should-know
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Advance Auto Parts (AAP) closed at $125.75 in the latest trading session, marking a +1.6% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.05%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq gained 6.02%.
Heading into today, shares of the auto parts retailer had gained 2.55% over the past month, outpacing the Retail-Wholesale sector's gain of 1.63% and the S&P 500's gain of 1.18% in that time.
Advance Auto Parts will be looking to display strength as it nears its next earnings release. In that report, analysts expect Advance Auto Parts to post earnings of $2.59 per share. This would mark a year-over-year decline of 27.45%. Our most recent consensus estimate is calling for quarterly revenue of $3.43 billion, up 1.56% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.63 per share and revenue of $11.44 billion. These totals would mark changes of -18.48% and +2.53%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Advance Auto Parts. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. Advance Auto Parts currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Advance Auto Parts is holding a Forward P/E ratio of 11.64. This represents a discount compared to its industry's average Forward P/E of 25.39.
Investors should also note that AAP has a PEG ratio of 1.02 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Retail and Wholesale - Parts was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) closed at $125.75 in the latest trading session, marking a +1.6% move from the prior day. Investors should also note that AAP has a PEG ratio of 1.02 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Advance Auto Parts (AAP) closed at $125.75 in the latest trading session, marking a +1.6% move from the prior day. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors should also note that AAP has a PEG ratio of 1.02 right now.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) closed at $125.75 in the latest trading session, marking a +1.6% move from the prior day. Investors should also note that AAP has a PEG ratio of 1.02 right now.
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Advance Auto Parts (AAP) closed at $125.75 in the latest trading session, marking a +1.6% move from the prior day. Investors should also note that AAP has a PEG ratio of 1.02 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10768.0
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2023-05-02 00:00:00 UTC
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3 Monthly Dividend Stocks to Buy in May for a Passive Income Stream
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AAP
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https://www.nasdaq.com/articles/3-monthly-dividend-stocks-to-buy-in-may-for-a-passive-income-stream
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When markets go haywire, some of the best investment opportunities can be found in monthly dividend stocks – especially when you need a slight income boost. Remember, high-yielding dividend stocks were among the top performers in a pitiful 2022 outing.
Thus, it’s important to consider that high-yielding stocks typically have strong cash flow and performance that can outperform even the worst of markets. If you’re looking for reliable income, here are some solid monthly dividend stocks to consider right now.
O Realty Income $61.30
ADC Agree on Realty $66.60
SDIV Global X SuperDividend ETF $21.98
Realty Income (O)
Source: Shutterstock
First on this list of monthly dividend stocks to buy is none other than Realty Income (NYSE:O). This real estate investment trust, commonly called The Monthly Dividend Company, carries a dividend yield of 4.9%. It’s also the fourth-largest global REIT, with a portfolio of 1,240 clients occupying more than 12,000 net lease properties in the U.S. alone.
Additionally, as a net-lease REIT, it collects rent while the tenants pay the operating costs. Even better, Realty Income declared its 634th consecutive dividend of $0.2550, which is $3.06 annualized, payable on May 15 to shareholders of record on May 1.
Some of its tenants include Dollar General (NYSE:DG), Dollar Tree (NASDAQ:DLTR), Walmart, FedEx (NYSE:FDX), and B.J.’s Wholesale Club (NYSE:BJ). And it was just upgraded to an outperform rating from sector performance over at Scotiabank.
Agree on Realty (ADC)
Source: Stock-Asso / Shutterstock
With a yield of 4.3%, Agree Realty (NYSE:ADC) is another interesting real estate company to consider. It’s another net-lease REIT with a solid history of raising its dividend, which it should be able to continue doing, all as it pays out about 70% of its funds from operations.
Currently, ADC has 38.1 million square feet of space it leases to those reliable investment-grade tenants. Better, as of Dec. 31, it operates a portfolio of 1,839 properties, with clients such as Costco (NASDAQ:COST), Advance Auto Parts (NYSE:AAP), Home Depot (NYSE:HD), Best Buy (NYSE:BBY), Target (NYSE:TGT), Walmart (NYSE:WMT), McDonald’s (NYSE:MCD), and dozens of other reliable clients. Even better, it recently reported 27.5% revenue growth to $116.5 million.
Global X SuperDividend ETF (SDIV)
Source: Shutterstock
Or, look at a dividend stock ETF such as the Global X SuperDividend ETF (NYSEARCA:SDIV). With a 14.4% yield and an expense ratio of 0.61%, the ETF pays out a monthly dividend. It holds 113 stocks spread across mortgage REITs, financials, energy, materials, utilities, industrials, and consumer discretionary. Better, it’s starting to pivot higher from a recent low of $22.25 a share.
Some of its top holdings include Imperial Brands (OTCMKTS:IMBBY), Omega Healthcare (NYSE:OHI), Starwood Properties (NYSE:STWD), Arbor Realty Trust (NYSE:ABR), Lumen Technologies (NYSE:LUMN), Annaly Capital (NYSE:NLY), Chimera Investment (NYSE:CIM), and dozens more.
On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
The post 3 Monthly Dividend Stocks to Buy in May for a Passive Income Stream appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better, as of Dec. 31, it operates a portfolio of 1,839 properties, with clients such as Costco (NASDAQ:COST), Advance Auto Parts (NYSE:AAP), Home Depot (NYSE:HD), Best Buy (NYSE:BBY), Target (NYSE:TGT), Walmart (NYSE:WMT), McDonald’s (NYSE:MCD), and dozens of other reliable clients. Thus, it’s important to consider that high-yielding stocks typically have strong cash flow and performance that can outperform even the worst of markets. It holds 113 stocks spread across mortgage REITs, financials, energy, materials, utilities, industrials, and consumer discretionary.
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Better, as of Dec. 31, it operates a portfolio of 1,839 properties, with clients such as Costco (NASDAQ:COST), Advance Auto Parts (NYSE:AAP), Home Depot (NYSE:HD), Best Buy (NYSE:BBY), Target (NYSE:TGT), Walmart (NYSE:WMT), McDonald’s (NYSE:MCD), and dozens of other reliable clients. O Realty Income $61.30 ADC Agree on Realty $66.60 SDIV Global X SuperDividend ETF $21.98 Realty Income (O) Source: Shutterstock First on this list of monthly dividend stocks to buy is none other than Realty Income (NYSE:O). Agree on Realty (ADC) Source: Stock-Asso / Shutterstock With a yield of 4.3%, Agree Realty (NYSE:ADC) is another interesting real estate company to consider.
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Better, as of Dec. 31, it operates a portfolio of 1,839 properties, with clients such as Costco (NASDAQ:COST), Advance Auto Parts (NYSE:AAP), Home Depot (NYSE:HD), Best Buy (NYSE:BBY), Target (NYSE:TGT), Walmart (NYSE:WMT), McDonald’s (NYSE:MCD), and dozens of other reliable clients. O Realty Income $61.30 ADC Agree on Realty $66.60 SDIV Global X SuperDividend ETF $21.98 Realty Income (O) Source: Shutterstock First on this list of monthly dividend stocks to buy is none other than Realty Income (NYSE:O). Some of its top holdings include Imperial Brands (OTCMKTS:IMBBY), Omega Healthcare (NYSE:OHI), Starwood Properties (NYSE:STWD), Arbor Realty Trust (NYSE:ABR), Lumen Technologies (NYSE:LUMN), Annaly Capital (NYSE:NLY), Chimera Investment (NYSE:CIM), and dozens more.
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Better, as of Dec. 31, it operates a portfolio of 1,839 properties, with clients such as Costco (NASDAQ:COST), Advance Auto Parts (NYSE:AAP), Home Depot (NYSE:HD), Best Buy (NYSE:BBY), Target (NYSE:TGT), Walmart (NYSE:WMT), McDonald’s (NYSE:MCD), and dozens of other reliable clients. If you’re looking for reliable income, here are some solid monthly dividend stocks to consider right now. O Realty Income $61.30 ADC Agree on Realty $66.60 SDIV Global X SuperDividend ETF $21.98 Realty Income (O) Source: Shutterstock First on this list of monthly dividend stocks to buy is none other than Realty Income (NYSE:O).
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10769.0
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2023-05-01 00:00:00 UTC
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Advance Auto Parts (AAP) Dips More Than Broader Markets: What You Should Know
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-dips-more-than-broader-markets%3A-what-you-should-know-1
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In the latest trading session, Advance Auto Parts (AAP) closed at $125.47, marking a -0.05% move from the previous day. This change lagged the S&P 500's 0.04% loss on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, added 2.14%.
Heading into today, shares of the auto parts retailer had gained 3.22% over the past month, lagging the Retail-Wholesale sector's gain of 4.29% and the S&P 500's gain of 5.1% in that time.
Investors will be hoping for strength from Advance Auto Parts as it approaches its next earnings release. The company is expected to report EPS of $2.59, down 27.45% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.43 billion, up 1.56% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.65 per share and revenue of $11.44 billion. These totals would mark changes of -18.33% and +2.53%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Advance Auto Parts. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Advance Auto Parts is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Advance Auto Parts's current valuation metrics, including its Forward P/E ratio of 11.79. Its industry sports an average Forward P/E of 24.84, so we one might conclude that Advance Auto Parts is trading at a discount comparatively.
Investors should also note that AAP has a PEG ratio of 1.03 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Retail and Wholesale - Parts was holding an average PEG ratio of 1.72 at yesterday's closing price.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 21, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Advance Auto Parts (AAP) closed at $125.47, marking a -0.05% move from the previous day. Investors should also note that AAP has a PEG ratio of 1.03 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the latest trading session, Advance Auto Parts (AAP) closed at $125.47, marking a -0.05% move from the previous day. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors should also note that AAP has a PEG ratio of 1.03 right now.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Advance Auto Parts (AAP) closed at $125.47, marking a -0.05% move from the previous day. Investors should also note that AAP has a PEG ratio of 1.03 right now.
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In the latest trading session, Advance Auto Parts (AAP) closed at $125.47, marking a -0.05% move from the previous day. Investors should also note that AAP has a PEG ratio of 1.03 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10770.0
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2023-04-26 00:00:00 UTC
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The 7 Best Stocks From Schwab’s Dividend ETF
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AAP
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https://www.nasdaq.com/articles/the-7-best-stocks-from-schwabs-dividend-etf
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The Schwab US Divided Equity ETF (NYSEARCA:SCHD) offers a basket of the best dividend stocks for investors. It’s also a standout among top ETFs, having run from $25.50 in 2011 to a peak of $80 last year. All thanks to the quality of its holdings, which have high dividend yields, strong value, growth, and quality stock grades. Some of those top holdings include:
AAP Advance Auto Parts $121.34
MO Altria $44.83
F Ford Motor $12.67
K Kellogg $68.37
MRK Merck $113.75
OKE ONEOK $66.25
PEP PepsiCo $182.56
Advance Auto Parts (AAP)
Source: jittawit21/Shutterstock.com
Even with strong revenue and guidance, Advance Auto Parts (NYSE:AAP) stock is lagging. For one, AAP announced on Feb. 28 that its CEO would retire. However, shareholders need not worry since the company has a succession plan and is searching for a replacement.
In addition, just last year the company invested in inventory to meet its customer needs. This will expand profitability as demand from the professional installer and do-it-yourself customer markets improve. Also, CEO Greco said that AAP is working through its strategic plan from 2024 through 2026. Before that, it will have the integration work completed, benefiting from the realized transformation cost reduction.
At the moment, AAP carries a dividend yield of 4.84%.
Altria Group (MO)
Source: Shutterstock
With a yield of 7.96%, Altria Group (NYSE:MO) is pivoting from smoking and tobacco to non-nicotine products. After all, profitability and revenue from the former are on the decline. So, it’s now betting on non-nicotine products to lift its bottom line. For example, at its Investor Day on March 24, it introduced Swic, a heated tobacco product, where consumers may inhale a cigarette-like capsule. It also introduced On Plus, Altria’s newest oral tobacco innovation.
Altria’s purchase of NJOY expands the product pipeline considerably. NJOY is a pod-based e-vapor product sold at around 33,000 U.S. retail stores. It has strong growth potential ahead once Altria expands its currently small sales force. By increasing the limited distribution and visibility of NJOY’s Ace product line, investors will recognize the newfound growth in the company. NJOY’s products include the e-vapor device and five various pods with unique tobacco flavors.
Ford Motor (F)
Source: Shutterstock
With a dividend yield of 5.14%, Ford Motor (NYSE:F) is in transition as it migrates out of the gas-powered sedan market. In fact, the Vice President of Product Development, Jim Baumbick, said the company can manage its core business while transforming into the electric vehicle market. In the electric vehicle space, Ford has the Mustang Mach-E, F-150 Lightning, and E-Transit. The latter two products will increase its market share in the commercial space.
Kellogg (K)
Source: Shutterstock
With a yield of 3.45%, Kellogg (NYSE:K) is a food manufacturing company. For 2023, the company expects to grow net sales by 5% to 7%. Demand for snacks will continue. In addition, Kellogg will benefit from strong performance in emerging markets.
CEO Steven Cahillane said that noodle sales thrived in Africa. Snack and cereal sales grew across the EMEA and Latin American geographies. The company offset the negative impact of high input costs by achieving productivity. It also managed through the supply bottleneck and shortages.
Kellogg may continue to face profit margin pressure from inflation. However, it has strong pricing power. While it negotiates with customers on price, the company may offer consumer promotions to sustain its sales momentum.
Merck (MRK)
Source: Shutterstock
With a yield of 2.57%, Merck(NYSE:MRK) announced a significant improvement in eight of nine measures for Sotatercept. This is a biologic that treats adult patients with pulmonary arterial hypertension. Side effects of the drug are not a concern. The President of Merck Human Health U.S., Carter Gould, said that subjects did not have side effects that resulted in discontinuation during the trial.
The strong efficacy of Sotatercept is a welcome development for MRK stock. Although shares trade near all-time highs, Merck has a rich pipeline. For example, in cardiovascular, the pipeline has a $10 billion commercial revenue potential by the mid-2030s.
Keytruda is another revenue growth generator. Between now and 2025, Jannie Oosthuizen said that drugs treating breast and melanoma will become 25% of Keytruda’s revenue. This drug treats triple-negative breast cancer.
ONEOK (OKE)
Source: Shutterstock
With an impressive yield of 5.81%, ONEOK (NYSE:OKE) is focused primarily on the natural gas industry. The company not only posted strong growth in the fourth quarter but expects higher 2023 results.
In the last quarter, ONEOK posted adjusted EBITDA growing by 14% Y/Y. For 2023, it expects adjusted EBITDA of $4.575 billion at the midpoint. This year, it will support its growth by allocating its capital to high-return organic projects. CEO Pierce Norton said that those projects will lead to higher earnings as the company realizes high returns. This enables ONEOK to increase its dividend.
The company faced weak prices for gas like ethane in the last quarter. However, it already contracted prices and the price spread. This allows ONEOK to find opportunities as gas prices fall. When demand strengthens locally and internationally, the firm’s profit margins will rise. The company may apply stronger cash flow to pay down its debt.
PepsiCo (PEP)
Source: Shutterstock
Finally, with a dividend yield of 2.44%, PepsiCo (NASDAQ:PEP) has strong branding power that investors may sleep well at night holding shares. In the last quarter, the company earned $1.67 a share. Its revenue grew by 10.9% Y/Y to $28 billion. For 2023, Pepsi expects to grow organic revenue by 6%.
As one of the largest food and beverage companies, Pepsi thrives from its healthy portfolio of brands that consumers recognize. 68% of its business is from convenience foods while the rest is in beverages. Pepsi has a competitive advantage through its agriculture ingredient sourcing. Customers who buy Pepsi are getting ingredients from over 60 countries that create over 100,000 agricultural jobs.
Consumers may cut back on spending, as their disposable income falls. However, it’s a good bet they won’t stop buying junk foods like Doritos, Cheetos, and Lays for comfort.
On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get actionable insight to achieve strong investment returns.
The post The 7 Best Stocks From Schwab’s Dividend ETF appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some of those top holdings include: AAP Advance Auto Parts $121.34 MO Altria $44.83 F Ford Motor $12.67 K Kellogg $68.37 MRK Merck $113.75 PEP PepsiCo $182.56 Advance Auto Parts (AAP) Source: jittawit21/Shutterstock.com Even with strong revenue and guidance, Advance Auto Parts (NYSE:AAP) stock is lagging. For one, AAP announced on Feb. 28 that its CEO would retire.
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Some of those top holdings include: AAP Advance Auto Parts $121.34 MO Altria $44.83 F Ford Motor $12.67 K Kellogg $68.37 MRK Merck $113.75 PEP PepsiCo $182.56 Advance Auto Parts (AAP) Source: jittawit21/Shutterstock.com Even with strong revenue and guidance, Advance Auto Parts (NYSE:AAP) stock is lagging. For one, AAP announced on Feb. 28 that its CEO would retire.
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PEP PepsiCo $182.56 Advance Auto Parts (AAP) Source: jittawit21/Shutterstock.com Even with strong revenue and guidance, Advance Auto Parts (NYSE:AAP) stock is lagging. Some of those top holdings include: AAP Advance Auto Parts $121.34 MO Altria $44.83 F Ford Motor $12.67 K Kellogg $68.37 MRK Merck $113.75 For one, AAP announced on Feb. 28 that its CEO would retire.
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Some of those top holdings include: AAP Advance Auto Parts $121.34 MO Altria $44.83 F Ford Motor $12.67 K Kellogg $68.37 MRK Merck $113.75 PEP PepsiCo $182.56 Advance Auto Parts (AAP) Source: jittawit21/Shutterstock.com Even with strong revenue and guidance, Advance Auto Parts (NYSE:AAP) stock is lagging. For one, AAP announced on Feb. 28 that its CEO would retire.
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10771.0
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2023-04-25 00:00:00 UTC
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3 Ridiculously Cheap Stocks for Bargain Hunters
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AAP
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https://www.nasdaq.com/articles/3-ridiculously-cheap-stocks-for-bargain-hunters
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Hunting for cheap stocks is a good idea in the current environment, as many of these overlooked names have strong upside potential with little risk to the downside. Moreover, with a recession on the horizon later this year, I believe it’s time to take profits on many of the growth names that have rallied this year.
Of course, the potential recession fears may be exaggerated and it will likely not happen in the next few months at least. But Wall Street should soon recognize that there are much better deals outside of the hottest tech companies. Many companies are starting to turn a corner as supply constraints ease and producer inflation falls considerably.
Thus, here are three cheap stocks you should look into:
Clearfield (CLFD)
Source: Pavel Kapysh / Shutterstock.com
Clearfield (NASDAQ:CLFD) is a company that designs, manufactures, and distributes fiber optic solutions for communications networks. The company serves customers in the broadband, wireless, cable TV, and utility sectors. Clearfield’s products include fiber management systems, fiber delivery platforms, fiber connectors, and fiber terminals.
The stock of Clearfield seems very undervalued right now, given its impressive growth profile and low price-to-earnings (P/E) ratio of 12.9x. The company reported a 68% year-over-year increase in revenue and a 37% surge in earnings fiscal first quarter of 2023. Despite the growth, the stock trades at a seemingly unjustified P/E ratio.
Even though Clearfield’s growth will likely slow down this year due to some customers working through excess inventory, I believe the low valuation still remains compelling. The growth will likely return in the long run since Clearfield has a strong competitive advantage in the fiber optic market, which is expected to grow at a double-digit CAGR until 2027.
Moreover, there has been a recent bout of institutional investors going heavy on this stock, with Legato and Kornitzer Capital buying just under 73,000 shares in the past week.
All things considered, I think the company’s negatives are already priced in, and this stock has a lot of upside potential. Clearfield is one of the best cheap stocks to buy right now, offering a rare combination of growth and value. I will not be surprised if the stock reaches $100 or more by next year, as analysts have an average price target of $95.60, with a 125.37% upside potential.
US Bancorp (USB)
Source: Michael Vi / Shutterstock.com
The banking sector has been hit hard by the recent crisis that triggered a wave of panic and sell-offs. Among the victims was US Bancorp (NYSE:USB), one of the country’s largest and most stable banks. USB plunged nearly 50% from its high of $53.88 to its current level of around $33.
But I think this is a great opportunity to buy USB stock at a huge discount. Here’s why.
The fears about US Bancorp’s lack of capital seem overblown, at least when you look at it from a long-term perspective. The Holdco report that exposed the banks’ capital hole is also based on a worst-case scenario.
In reality, the Federal Reserve is likely to step up its stress testing and regulatory measures to make sure no other banks fail. That will likely include some cost-cutting measures here, but US Bancorp has plenty of levers to boost its capital if needed. It can cut its dividend, which currently yields 6.07% or reduce its share buybacks. It also seems that management is aware of this problem and is working to fix it.
When questioned about the buybacks and the 9% CET1 requirement, the CEO replied:
“…I will tell you, as we all know, there’s a lot of capital changes that are likely to occur from a regulatory standpoint. So we’re not going to do anything until we have more clarity around that, which we hope to have in the second half of the year. But the focus on getting to the appropriate capital levels as quickly as possible, accreting capital and building that capital base is priority one.”
With that in mind, and the banking crisis being largely contained by the Federal Reserve’s bailouts and interventions, I expect US Bancorp to recover from the temporary setback and resume its growth trajectory. Personally, I find USB to be one of the cheap stocks that looks very compelling and is worth the risk.
Advance Auto Parts (AAP)
Source: James R. Martin / Shutterstock
If you’ve read my columns recently, you’ll likely notice that I’m very bullish on auto parts companies. And that’s for good reason since the U.S. civilian vehicle fleet continues to age rapidly, reaching 13.1 years for cars. Most middle-class families feel the crunch for cash and don’t have enough saved up for a new car. Additionally, the interest rates on car loans seem excessive at 5.5% on average.
In that sort of environment, the best decision would be to simply repair what you have and wait until the economy gets better. Indeed, that’s what has been happening as auto parts companies are seeing rapid expansion and constant supply shortages due to high demand. It will be nearly a $1 trillion market by 2033.
With that in mind, I believe Advance Auto Parts (NYSE:AAP) is among the strongest value picks. The stock changes hands at a 11.61x forward P/E ratio despite the double-digit 3-year growth rate and a robust $722 million operating cash flow allowing a 4.73% dividend yield on the stock. The tailwinds will likely carry it much higher in the long run.
On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.
The post 3 Ridiculously Cheap Stocks for Bargain Hunters appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts (AAP) Source: James R. Martin / Shutterstock If you’ve read my columns recently, you’ll likely notice that I’m very bullish on auto parts companies. With that in mind, I believe Advance Auto Parts (NYSE:AAP) is among the strongest value picks. Even though Clearfield’s growth will likely slow down this year due to some customers working through excess inventory, I believe the low valuation still remains compelling.
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Advance Auto Parts (AAP) Source: James R. Martin / Shutterstock If you’ve read my columns recently, you’ll likely notice that I’m very bullish on auto parts companies. With that in mind, I believe Advance Auto Parts (NYSE:AAP) is among the strongest value picks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hunting for cheap stocks is a good idea in the current environment, as many of these overlooked names have strong upside potential with little risk to the downside.
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Advance Auto Parts (AAP) Source: James R. Martin / Shutterstock If you’ve read my columns recently, you’ll likely notice that I’m very bullish on auto parts companies. With that in mind, I believe Advance Auto Parts (NYSE:AAP) is among the strongest value picks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hunting for cheap stocks is a good idea in the current environment, as many of these overlooked names have strong upside potential with little risk to the downside.
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Advance Auto Parts (AAP) Source: James R. Martin / Shutterstock If you’ve read my columns recently, you’ll likely notice that I’m very bullish on auto parts companies. With that in mind, I believe Advance Auto Parts (NYSE:AAP) is among the strongest value picks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hunting for cheap stocks is a good idea in the current environment, as many of these overlooked names have strong upside potential with little risk to the downside.
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10772.0
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2023-04-24 00:00:00 UTC
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Advance Auto Parts (AAP) Stock Sinks As Market Gains: What You Should Know
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-stock-sinks-as-market-gains%3A-what-you-should-know-2
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nan
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nan
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In the latest trading session, Advance Auto Parts (AAP) closed at $126.83, marking a -1.08% move from the previous day. This move lagged the S&P 500's daily gain of 0.09%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq lost 4.87%.
Prior to today's trading, shares of the auto parts retailer had gained 15.68% over the past month. This has outpaced the Retail-Wholesale sector's gain of 4.37% and the S&P 500's gain of 3.31% in that time.
Advance Auto Parts will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.58, down 27.73% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.43 billion, up 1.55% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.63 per share and revenue of $11.43 billion. These totals would mark changes of -18.48% and +2.5%, respectively, from last year.
Any recent changes to analyst estimates for Advance Auto Parts should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% lower. Advance Auto Parts is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, Advance Auto Parts currently has a Forward P/E ratio of 12.06. For comparison, its industry has an average Forward P/E of 24.67, which means Advance Auto Parts is trading at a discount to the group.
Investors should also note that AAP has a PEG ratio of 1.06 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Automotive - Retail and Wholesale - Parts stocks are, on average, holding a PEG ratio of 1.71 based on yesterday's closing prices.
The Automotive - Retail and Wholesale - Parts industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Advance Auto Parts (AAP) closed at $126.83, marking a -1.08% move from the previous day. Investors should also note that AAP has a PEG ratio of 1.06 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the latest trading session, Advance Auto Parts (AAP) closed at $126.83, marking a -1.08% move from the previous day. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors should also note that AAP has a PEG ratio of 1.06 right now.
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In the latest trading session, Advance Auto Parts (AAP) closed at $126.83, marking a -1.08% move from the previous day. Investors should also note that AAP has a PEG ratio of 1.06 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the latest trading session, Advance Auto Parts (AAP) closed at $126.83, marking a -1.08% move from the previous day. Investors should also note that AAP has a PEG ratio of 1.06 right now. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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10773.0
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2023-04-24 00:00:00 UTC
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7 Stocks to Watch for a Major Breakout in Q2 2023
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AAP
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https://www.nasdaq.com/articles/7-stocks-to-watch-for-a-major-breakout-in-q2-2023
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In a sideways market like the one we’re currently in, investors are looking for breakout stocks to watch wherever they can find them. These “momentum stocks” push up against levels of support or resistance. You want to watch them closely.
Historically, when equities emerge from a bear market, mid-cap stocks lead the way. Some may question that thesis this year. The S&P 400 Mid Cap Index is up 2.8% this year. That’s lagging the S&P 500 index, which is up over 7.5%. But the index has heavy exposure to bank stocks which took a beating in March.
But looking out over a longer timeframe, the thesis holds up. That means that these are the stocks to watch for a breakout.
In coming up with the breakout stocks to watch for this article, I used a simplestock screenerto look for mid-cap stocks that were trading within 20% of their 52-week highs or lows. I also set the screener for stocks that had an upside of at least 25%.
WH Wyndham Hotels & Resorts $68.95
AAP Advance Auto Parts $128.21
LEVI Levi Strauss & Co. $14.91
PLUG Plug Power $9.05
MPW Medical Properties Trust $8.31
PENN PENN Entertainment $29.64
NFG National Fuel Gas $55.03
Wyndham Hotels & Resorts (WH)
Source: Mihai_Andritoiu / Shutterstock
Wyndham Hotels & Resorts (NYSE:WH) is on breakout alert for more reasons than just that revenge travel shows no signs of abating.
In the last quarter, most hotel chains posted strong earnings and Wyndham was no exception. The company posted earnings per share of 72 cents was higher than analyst expectations and better than the prior year.
According to Nerd Wallet, hotel prices were up 8.3% in March versus the prior month. That is higher than many other travel categories.
And in the next five years, analysts forecast Wyndham will have average EPS growth of around 10% per year. Speaking of analysts, since the company last reported earning in February, analysts are boosting their price targets for WH stock.
This remains a bifurcated market and while some consumers will continue to travel, it would seem likely that the party in travel will end, but it doesn’t seem that will be the case in 2023.
So with WH stock trading at 17x forward earnings and with a growing dividend, it’s a stock to consider for breakout potential.
Advance Auto Parts (AAP)
Source: Ken Wolter / Shutterstock.com
Advance Auto Parts (NYSE:AAP) does not lack for catalysts. The latest readings on inflation showed that used car prices are back on the rise.
Banks and finance companies are tightening their lending standards. And while the infrastructure is not ready for it, auto manufacturers are pivoting away from internal combustion engine cars.
For many consumers, that means that any plans to buy a new (or new to you) vehicle are likely to be put on hold. That means making sure your existing vehicle is in sound working order.
AAP stock is down 43% in the last 12 months, largely because investors believed the business model was threatened. That may be true someday, but in the last quarter the company beat on both the top and bottom lines and both numbers were higher on a year-over-year basis.
Analysts are guiding for lower earnings this year, and investors will learn more when the company reports earnings in May. But at 12x forward earnings and with a dividend yield that is currently at 4.68% (and with an annual payout of $6 per share), AAP stock seems undervalued.
The stock is currently pushing up against some resistance around $128. If it can breakout from that, the stock could begin reclaiming earlier highs.
Levi Strauss & Co. (LEVI)
Source: Papin Lab / Shutterstock.com
Next on this list of mid-cap breakout stocks to watch is Levi Strauss & Co. (NYSE:LEVI). The company reported earnings in April and beat on the top and bottom lines. But investors have been in a selling mood and the stock is down 17% since that point.
But with a forward P/E ratio of just 11.7x, the sell-off seems overdone. The company recorded “record-breaking” revenue through their direct-to-consumer (DTC) business.
Management said it expects DTC to account for approximately 42% of its total global revenue in 2023. DTC is one part of the company’s ongoing commitment to a digital strategy. Overall, the company noted a 14% increase in total e-commerce sales.
Levi’s is an iconic brand and there’s nothing that suggests investors won’t flood back to the stock once overall economic conditions improve.
On two occasions in 2023, investors have tried to push LEVI stock past its 52-week high. If you believe the third time is the charm, now is a good time to start accumulating shares.
Plug Power (PLUG)
Source: Postmodern Studio / Shutterstock
When it comes to breakout stocks to watch, you frequently have to follow the philosophy of skating to where the puck is moving. That’s the case for Plug Power (NYSE:PLUG) which is one of the pure play companies trying to capture market share in the global hydrogen market.
Few industry experts question hydrogen’s bona fides as a source of clean energy. For many reasons, hydrogen has never achieved the acceptance and scalability of other renewable energy sources.
According to analysts at Morgan Stanley (NYSE:MS), the global hydrogen market will represent an $11 trillion opportunity in the coming decades.
Plug Power is an entrenched name in this space. The company is transitioning from providing hydrogen fuel cells for companies like Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN) to being a vertically integrated player in the hydrogen ecosystem.
Plug Power probably won’t be profitable until 2025, but if you’re looking for exposure in this growing market, PLUG stock is one to have on your watchlist.
Medical Properties Trust (MPW)
Source: venusvi / Shutterstock.com
Real estate investment trusts present investors with a business model that allows for outsized dividend payments.
Medical Properties Trust (NYSE:MPW) is no different. The dividend yield is currently 14.09% with an annual payout of $1.16 per share. And trading at 5.4x earnings, MPW is undervalued.
But with real estate under pressure, it’s important to know that not all REITs are the same. Medical Properties Trust specializes in the acquisition and development of healthcare facilities.
They have an international portfolio that includes long-term acute care hospitals and rehabilitation hospitals.
With growing concern over the commercial real estate market, investors can take comfort in the company’s business model that includes long-term leases with high-quality tenants.
The Alabama-based company’s portfolio includes over 400 properties worldwide. And the company is well positioned to benefit from the continuing aging of our global population.
PENN Entertainment (PENN)
Source: Casimiro PT / Shutterstock.com
In 2022, I expressed some interest in FuboTV (NYSE:FUBO) because the company was attempting to be an integrated sports book and streaming service.
Although it doesn’t have a streaming component, the reason to include PENN Entertainment (NASDAQ:PENN) as one of my stocks to watch is its integration of casino gaming and sports betting.
I know this isn’t new, but it bears highlighting. The brick-and-mortar casino business is highly competitive and Penn has geographic diversity. Its lack of exposure to Macau was a benefit during the pandemic. Casino traffic is growing as pandemic restrictions ease.
PENN stock is down 23% in the last year and the stock could have further to fall if the economy continues to weaken. If that’s the case the stock’s 22x valuation should come down. But analysts give the stock a 36% upside which makes it a strong choice as a potential breakout stock.
National Fuel Gas (NFG)
Source: Oil and Gas Photographer / Shutterstock.com
Rising crude oil prices are overshadowing the growing demand for natural gas. And that’s the reason that National Fuel Gas (NYSE:NFG) makes this list. The company engages in the production, gathering, transportation, storage, and distribution of natural gas.
In its February 2023 earnings report, the company beat expectations for both revenue and earnings. And both numbers were better on a year-over-year basis.
NFG stock is down over 25% in the last year. But typically earnings growth is one of the single best predictors of stock price growth. Which means that the stock which trades at around 5x earnings is undervalued at this time.
And investors also benefit from a secure dividend. In fact, National Fuel Gas is a dividend king having increased its dividend for the last 51 years.
On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
The post 7 Stocks to Watch for a Major Breakout in Q2 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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WH Wyndham Hotels & Resorts $68.95 AAP Advance Auto Parts $128.21 LEVI Levi Strauss & Co. $14.91 PLUG Plug Power $9.05 MPW Medical Properties Trust $8.31 PENN PENN Entertainment $29.64 NFG National Fuel Gas $55.03 Wyndham Hotels & Resorts (WH) Source: Mihai_Andritoiu / Shutterstock Wyndham Hotels & Resorts (NYSE:WH) is on breakout alert for more reasons than just that revenge travel shows no signs of abating. Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com Advance Auto Parts (NYSE:AAP) does not lack for catalysts. AAP stock is down 43% in the last 12 months, largely because investors believed the business model was threatened.
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WH Wyndham Hotels & Resorts $68.95 AAP Advance Auto Parts $128.21 LEVI Levi Strauss & Co. $14.91 PLUG Plug Power $9.05 MPW Medical Properties Trust $8.31 PENN PENN Entertainment $29.64 NFG National Fuel Gas $55.03 Wyndham Hotels & Resorts (WH) Source: Mihai_Andritoiu / Shutterstock Wyndham Hotels & Resorts (NYSE:WH) is on breakout alert for more reasons than just that revenge travel shows no signs of abating. Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com Advance Auto Parts (NYSE:AAP) does not lack for catalysts. AAP stock is down 43% in the last 12 months, largely because investors believed the business model was threatened.
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WH Wyndham Hotels & Resorts $68.95 AAP Advance Auto Parts $128.21 LEVI Levi Strauss & Co. $14.91 PLUG Plug Power $9.05 MPW Medical Properties Trust $8.31 PENN PENN Entertainment $29.64 NFG National Fuel Gas $55.03 Wyndham Hotels & Resorts (WH) Source: Mihai_Andritoiu / Shutterstock Wyndham Hotels & Resorts (NYSE:WH) is on breakout alert for more reasons than just that revenge travel shows no signs of abating. Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com Advance Auto Parts (NYSE:AAP) does not lack for catalysts. AAP stock is down 43% in the last 12 months, largely because investors believed the business model was threatened.
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WH Wyndham Hotels & Resorts $68.95 AAP Advance Auto Parts $128.21 LEVI Levi Strauss & Co. $14.91 PLUG Plug Power $9.05 MPW Medical Properties Trust $8.31 PENN PENN Entertainment $29.64 NFG National Fuel Gas $55.03 Wyndham Hotels & Resorts (WH) Source: Mihai_Andritoiu / Shutterstock Wyndham Hotels & Resorts (NYSE:WH) is on breakout alert for more reasons than just that revenge travel shows no signs of abating. Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com Advance Auto Parts (NYSE:AAP) does not lack for catalysts. AAP stock is down 43% in the last 12 months, largely because investors believed the business model was threatened.
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10774.0
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2023-04-20 00:00:00 UTC
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Interesting AAP Put And Call Options For December 15th
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AAP
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https://www.nasdaq.com/articles/interesting-aap-put-and-call-options-for-december-15th
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 15th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 239 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $125.00 strike price has a current bid of $10.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $125.00, but will also collect the premium, putting the cost basis of the shares at $114.20 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $128.63/share today.
Because the $125.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 8.64% return on the cash commitment, or 13.19% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $125.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $13.10. If an investor was to purchase shares of AAP stock at the current price level of $128.63/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $130.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 11.25% if the stock gets called away at the December 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $130.00 strike highlighted in red:
Considering the fact that the $130.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 10.18% boost of extra return to the investor, or 15.55% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $128.63) to be 38%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Cheap Stocks To Watch
QTT YTD Return
NOC DMA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $130.00 strike highlighted in red: Considering the fact that the $130.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 15th expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $130.00 strike highlighted in red: Considering the fact that the $130.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 15th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $130.00 strike highlighted in red: Considering the fact that the $130.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 15th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new December 15th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $130.00 strike highlighted in red: Considering the fact that the $130.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the December 15th expiration.
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10775.0
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2023-04-17 00:00:00 UTC
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How The Pieces Add Up: PBUS Headed For $46
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AAP
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https://www.nasdaq.com/articles/how-the-pieces-add-up%3A-pbus-headed-for-%2446
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco PureBeta MSCI USA ETF (Symbol: PBUS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $46.02 per unit.
With PBUS trading at a recent price near $41.01 per unit, that means that analysts see 12.23% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PBUS's underlying holdings with notable upside to their analyst target prices are Liberty Media Corp (Symbol: LSXMK), Advance Auto Parts Inc (Symbol: AAP), and Camden Property Trust (Symbol: CPT). Although LSXMK has traded at a recent price of $29.00/share, the average analyst target is 85.34% higher at $53.75/share. Similarly, AAP has 31.43% upside from the recent share price of $123.60 if the average analyst target price of $162.44/share is reached, and analysts on average are expecting CPT to reach a target price of $133.47/share, which is 29.03% above the recent price of $103.44. Below is a twelve month price history chart comparing the stock performance of LSXMK, AAP, and CPT:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco PureBeta MSCI USA ETF PBUS $41.01 $46.02 12.23%
Liberty Media Corp LSXMK $29.00 $53.75 85.34%
Advance Auto Parts Inc AAP $123.60 $162.44 31.43%
Camden Property Trust CPT $103.44 $133.47 29.03%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Department Stores Dividend Stocks
Funds Holding STXB
GAMB shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Invesco PureBeta MSCI USA ETF PBUS $41.01 $46.02 12.23% Liberty Media Corp LSXMK $29.00 $53.75 85.34% Advance Auto Parts Inc AAP $123.60 $162.44 31.43% Camden Property Trust CPT $103.44 $133.47 29.03% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PBUS's underlying holdings with notable upside to their analyst target prices are Liberty Media Corp (Symbol: LSXMK), Advance Auto Parts Inc (Symbol: AAP), and Camden Property Trust (Symbol: CPT). Similarly, AAP has 31.43% upside from the recent share price of $123.60 if the average analyst target price of $162.44/share is reached, and analysts on average are expecting CPT to reach a target price of $133.47/share, which is 29.03% above the recent price of $103.44.
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Three of PBUS's underlying holdings with notable upside to their analyst target prices are Liberty Media Corp (Symbol: LSXMK), Advance Auto Parts Inc (Symbol: AAP), and Camden Property Trust (Symbol: CPT). Similarly, AAP has 31.43% upside from the recent share price of $123.60 if the average analyst target price of $162.44/share is reached, and analysts on average are expecting CPT to reach a target price of $133.47/share, which is 29.03% above the recent price of $103.44. Invesco PureBeta MSCI USA ETF PBUS $41.01 $46.02 12.23% Liberty Media Corp LSXMK $29.00 $53.75 85.34% Advance Auto Parts Inc AAP $123.60 $162.44 31.43% Camden Property Trust CPT $103.44 $133.47 29.03% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, AAP has 31.43% upside from the recent share price of $123.60 if the average analyst target price of $162.44/share is reached, and analysts on average are expecting CPT to reach a target price of $133.47/share, which is 29.03% above the recent price of $103.44. Three of PBUS's underlying holdings with notable upside to their analyst target prices are Liberty Media Corp (Symbol: LSXMK), Advance Auto Parts Inc (Symbol: AAP), and Camden Property Trust (Symbol: CPT). Below is a twelve month price history chart comparing the stock performance of LSXMK, AAP, and CPT: Below is a summary table of the current analyst target prices discussed above:
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Invesco PureBeta MSCI USA ETF PBUS $41.01 $46.02 12.23% Liberty Media Corp LSXMK $29.00 $53.75 85.34% Advance Auto Parts Inc AAP $123.60 $162.44 31.43% Camden Property Trust CPT $103.44 $133.47 29.03% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PBUS's underlying holdings with notable upside to their analyst target prices are Liberty Media Corp (Symbol: LSXMK), Advance Auto Parts Inc (Symbol: AAP), and Camden Property Trust (Symbol: CPT). Similarly, AAP has 31.43% upside from the recent share price of $123.60 if the average analyst target price of $162.44/share is reached, and analysts on average are expecting CPT to reach a target price of $133.47/share, which is 29.03% above the recent price of $103.44.
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10776.0
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2023-04-13 00:00:00 UTC
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Guru Fundamental Report for AAP - Peter Lynch
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AAP
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aap-peter-lynch
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nan
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nan
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry. The rating using this strategy is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ADVANCE AUTO PARTS, INC.
AAP Guru Analysis
AAP Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry.
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP).
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Below is Validea's guru fundamental report for ADVANCE AUTO PARTS, INC. (AAP). Of the 22 guru strategies we follow, AAP rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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10777.0
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2023-04-12 00:00:00 UTC
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Noteworthy Wednesday Option Activity: LVS, AAP, DISH
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AAP
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-lvs-aap-dish
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Las Vegas Sands Corp (Symbol: LVS), where a total of 17,491 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 46.4% of LVS's average daily trading volume over the past month of 3.8 million shares. Particularly high volume was seen for the $57 strike call option expiring April 21, 2023, with 2,581 contracts trading so far today, representing approximately 258,100 underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $57 strike highlighted in orange:
Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,379 contracts thus far today. That number of contracts represents approximately 737,900 underlying shares, working out to a sizeable 45.5% of AAP's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $115 strike call option expiring April 21, 2023, with 1,682 contracts trading so far today, representing approximately 168,200 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $115 strike highlighted in orange:
And DISH Network Corp (Symbol: DISH) options are showing a volume of 38,479 contracts thus far today. That number of contracts represents approximately 3.8 million underlying shares, working out to a sizeable 44.8% of DISH's average daily trading volume over the past month, of 8.6 million shares. Especially high volume was seen for the $25 strike call option expiring January 19, 2024, with 5,002 contracts trading so far today, representing approximately 500,200 underlying shares of DISH. Below is a chart showing DISH's trailing twelve month trading history, with the $25 strike highlighted in orange:
For the various different available expirations for LVS options, AAP options, or DISH options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
TMFC Options Chain
FLXS Dividend History
GROM shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $115 strike call option expiring April 21, 2023, with 1,682 contracts trading so far today, representing approximately 168,200 underlying shares of AAP. Below is a chart showing LVS's trailing twelve month trading history, with the $57 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,379 contracts thus far today. That number of contracts represents approximately 737,900 underlying shares, working out to a sizeable 45.5% of AAP's average daily trading volume over the past month, of 1.6 million shares.
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That number of contracts represents approximately 737,900 underlying shares, working out to a sizeable 45.5% of AAP's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing AAP's trailing twelve month trading history, with the $115 strike highlighted in orange: And DISH Network Corp (Symbol: DISH) options are showing a volume of 38,479 contracts thus far today. Below is a chart showing LVS's trailing twelve month trading history, with the $57 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,379 contracts thus far today.
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Below is a chart showing AAP's trailing twelve month trading history, with the $115 strike highlighted in orange: And DISH Network Corp (Symbol: DISH) options are showing a volume of 38,479 contracts thus far today. Below is a chart showing DISH's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for LVS options, AAP options, or DISH options, visit StockOptionsChannel.com. Below is a chart showing LVS's trailing twelve month trading history, with the $57 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,379 contracts thus far today.
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Below is a chart showing DISH's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for LVS options, AAP options, or DISH options, visit StockOptionsChannel.com. Below is a chart showing LVS's trailing twelve month trading history, with the $57 strike highlighted in orange: Advance Auto Parts Inc (Symbol: AAP) options are showing a volume of 7,379 contracts thus far today. That number of contracts represents approximately 737,900 underlying shares, working out to a sizeable 45.5% of AAP's average daily trading volume over the past month, of 1.6 million shares.
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10778.0
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2023-04-12 00:00:00 UTC
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June 2024 Options Now Available For Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/june-2024-options-now-available-for-advance-auto-parts-aap
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the June 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 436 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new June 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $120.00 strike price has a current bid of $15.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $120.00, but will also collect the premium, putting the cost basis of the shares at $104.40 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $121.19/share today.
Because the $120.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 13.00% return on the cash commitment, or 10.88% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $120.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $125.00 strike price has a current bid of $13.90. If an investor was to purchase shares of AAP stock at the current price level of $121.19/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $125.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.61% if the stock gets called away at the June 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red:
Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 11.47% boost of extra return to the investor, or 9.60% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $121.19) to be 38%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Stocks Being Bought By Hedge Funds
FDMT Historical Stock Prices
Funds Holding GXGX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red: Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the June 2024 expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red: Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the June 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new June 2024 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red: Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the June 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new June 2024 contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new June 2024 contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $125.00 strike highlighted in red: Considering the fact that the $125.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the June 2024 expiration.
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10779.0
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2023-04-11 00:00:00 UTC
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Ex-Dividend Reminder: Buckle, Foot Locker and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-buckle-foot-locker-and-advance-auto-parts
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 4/13/23, Buckle, Inc. (Symbol: BKE), Foot Locker, Inc. (Symbol: FL), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Buckle, Inc. will pay its quarterly dividend of $0.35 on 4/28/23, Foot Locker, Inc. will pay its quarterly dividend of $0.40 on 4/28/23, and Advance Auto Parts Inc will pay its quarterly dividend of $1.50 on 4/28/23. As a percentage of BKE's recent stock price of $34.22, this dividend works out to approximately 1.02%, so look for shares of Buckle, Inc. to trade 1.02% lower — all else being equal — when BKE shares open for trading on 4/13/23. Similarly, investors should look for FL to open 0.98% lower in price and for AAP to open 1.24% lower, all else being equal.
Below are dividend history charts for BKE, FL, and AAP, showing historical dividends prior to the most recent ones declared.
Buckle, Inc. (Symbol: BKE):
Foot Locker, Inc. (Symbol: FL):
Advance Auto Parts Inc (Symbol: AAP):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.09% for Buckle, Inc., 3.91% for Foot Locker, Inc., and 4.96% for Advance Auto Parts Inc.
In Tuesday trading, Buckle, Inc. shares are currently up about 1%, Foot Locker, Inc. shares are up about 1%, and Advance Auto Parts Inc shares are up about 0.5% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Financial Stocks Hedge Funds Are Buying
VRE shares outstanding history
WSO Dividend Growth Rate
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 4/13/23, Buckle, Inc. (Symbol: BKE), Foot Locker, Inc. (Symbol: FL), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for FL to open 0.98% lower in price and for AAP to open 1.24% lower, all else being equal. Below are dividend history charts for BKE, FL, and AAP, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 4/13/23, Buckle, Inc. (Symbol: BKE), Foot Locker, Inc. (Symbol: FL), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Buckle, Inc. (Symbol: BKE): Foot Locker, Inc. (Symbol: FL): Advance Auto Parts Inc (Symbol: AAP): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for FL to open 0.98% lower in price and for AAP to open 1.24% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 4/13/23, Buckle, Inc. (Symbol: BKE), Foot Locker, Inc. (Symbol: FL), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Buckle, Inc. (Symbol: BKE): Foot Locker, Inc. (Symbol: FL): Advance Auto Parts Inc (Symbol: AAP): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for FL to open 0.98% lower in price and for AAP to open 1.24% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 4/13/23, Buckle, Inc. (Symbol: BKE), Foot Locker, Inc. (Symbol: FL), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for FL to open 0.98% lower in price and for AAP to open 1.24% lower, all else being equal. Below are dividend history charts for BKE, FL, and AAP, showing historical dividends prior to the most recent ones declared.
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10780.0
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2023-04-10 00:00:00 UTC
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Falling Sales Volume & ASPs to Hurt CarMax (KMX) Q4 Earnings
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AAP
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https://www.nasdaq.com/articles/falling-sales-volume-asps-to-hurt-carmax-kmx-q4-earnings
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nan
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nan
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CarMax Inc. KMX is slated to release fourth-quarter fiscal 2023 results on Apr 11, before the opening bell. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at 22 cents per share and $5.87 billion, respectively.
The used car dealership chain missed earnings estimates in the last reported quarter amid lower-than-anticipated revenues across all segments. CarMax surpassed earnings estimates in one of the trailing four quarters and missed thrice, with the average negative surprise being 30.58%. This is depicted in the graph below:
CarMax, Inc. Price and EPS Surprise
CarMax, Inc. price-eps-surprise | CarMax, Inc. Quote
Trend in Estimate Revision
The Zacks Consensus Estimate for CarMax’s fiscal fourth-quarter earnings per share has been revised downward by 2 cents in the past 30 days. The bottom-line projection indicates a year-over-year decline of 77.5%. The Zacks Consensus Estimate for quarterly revenues suggests year-over-year contraction of 23.6%.
Factors to Note
The estimated decline in total vehicles sold by CarMax in the fourth quarter of fiscal 2023 is likely to have played spoilsport. The Zacks Consensus Estimate for used and wholesale units sold during the to-be-reported quarter is pegged at 169,068 and 109,408, respectively, implying a decline from the year-ago period’s level of 194,318 and 149,095 units.
Additionally, falling average selling prices are likely to have clipped revenues further. For the February-end quarter, the consensus estimate for used vehicle ASP is pegged at $27,710, indicating a drop from the year-ago figure of $29,310. The consensus estimate for wholesale vehicle ASP is pegged at $9,090, indicating a fall from the year-ago figure of $11,500.
Consequently, the Zacks Consensus Estimate for CarMax’s net sales from used vehicles is $4,738 million, implying a 17.4% year-over-year decline. The Zacks Consensus Estimate for quarterly net sales of wholesale vehicles is pegged at $1,006 million, indicating a decrease from the prior-year period’s $1,766 million.
Lower year-over-year revenues, commodity cost inflation and logistical challenges are likely to have weighed on gross profits as well. The Zacks Consensus Estimate for quarterly gross profit from the used-vehicle segment is pegged at $366 million, implying a decline from $427 million reported in the year-earlier quarter. The consensus mark for quarterly gross profit from the wholesale vehicle segment is pegged at $104 million, suggesting a decline from $178 million reported in the prior-year quarter.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for CarMax this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
Earnings ESP: CarMax has an Earnings ESP of -10.78%. This is because the Most Accurate Estimate of earnings is pegged 2 cents lower than the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: CarMax currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Peer Releases
CarMax’s key peers include O’Reilly Automotive ORLY, Advance Auto Parts AAP and AutoZone AZO.
O’Reilly released fourth-quarter 2022 results on Feb 8. It reported adjusted earnings per share of $8.37, beating the Zacks Consensus Estimate of $7.71 on higher-than-expected comps growth. The bottom line increased 10% from $7.64 in the prior-year quarter. Quarterly revenues of $3.64 billion topped the consensus mark of $3.51 billion and were 11% higher than the prior-year figure of $3.29 billion.
For 2023, O’Reilly expects total revenues in the range of $15.2-$15.5 billion. Earnings per share are expected between $35.75 and $36.25. The forecast for comparable store sales growth is in the range of 4-6%. The free cash flow projection is in the band of $1.8-$2.1 billion. Capital expenditures are expected within the range of $750-$800 million. The company intends to open 180-190 stores this year.
Advance Auto reported fourth-quarter 2022 results on Feb 28. It reported adjusted earnings of $2.88, increasing 39.1% from the year-ago quarter figure and outpacing the Zacks Consensus Estimate of $2.41 a share. Advance Auto generated net revenues of $2,474 million, surpassing the Zacks Consensus Estimate of $2,422 million and increasing 3.2% from the year-ago reported figure.
Advance Auto estimates 2023 net sales in the band of $11.4-$11.6 billion. Comparable store sales are envisioned to range between 1%-3%. Adjusted operating income margin is envisioned in the range of 7.8%-8.2%. Advance Auto expects its 2023 capex to be in the range of $300-$350 million. The company targets a minimum FCF of $400 million. EPS is forecast between $10.2 and $11.2. It aims to open 60 to 80 new stores this year.
AutoZone posted second-quarter fiscal 2023 results on Feb 28. It reported earnings of $24.64 per share, up 10.5% year over year, and surpassed the Zacks Consensus Estimate of $21.33 per share. Net sales grew 9.5% to $3,690.9 million. The top line beat the Zacks Consensus Estimate of $3,539 million. Gross profit increased to $1,930 million from the prior-year quarter’s figure of $1,785 million.
As of Feb 11, 2023, AutoZone had cash and cash equivalents of $301.3 million, up from $239.4 million on Feb 12, 2022. The total debt amounted to $7,042.3 million as of Feb 11, marking an increase from $5,840.8 million on Feb 12, 2022. Under its share repurchase program, AutoZone repurchased 372,000 shares of its common stock for $906 million during the fiscal second quarter of 2023, at an average price of $2,434 per share.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
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O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
AutoZone, Inc. (AZO) : Free Stock Analysis Report
CarMax, Inc. (KMX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Peer Releases CarMax’s key peers include O’Reilly Automotive ORLY, Advance Auto Parts AAP and AutoZone AZO. Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. The used car dealership chain missed earnings estimates in the last reported quarter amid lower-than-anticipated revenues across all segments.
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Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. Peer Releases CarMax’s key peers include O’Reilly Automotive ORLY, Advance Auto Parts AAP and AutoZone AZO. This is depicted in the graph below: CarMax, Inc. Price and EPS Surprise CarMax, Inc. price-eps-surprise | CarMax, Inc. Quote Trend in Estimate Revision The Zacks Consensus Estimate for CarMax’s fiscal fourth-quarter earnings per share has been revised downward by 2 cents in the past 30 days.
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Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. Peer Releases CarMax’s key peers include O’Reilly Automotive ORLY, Advance Auto Parts AAP and AutoZone AZO. This is depicted in the graph below: CarMax, Inc. Price and EPS Surprise CarMax, Inc. price-eps-surprise | CarMax, Inc. Quote Trend in Estimate Revision The Zacks Consensus Estimate for CarMax’s fiscal fourth-quarter earnings per share has been revised downward by 2 cents in the past 30 days.
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Peer Releases CarMax’s key peers include O’Reilly Automotive ORLY, Advance Auto Parts AAP and AutoZone AZO. Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the quarter’s earnings and revenues is pegged at 22 cents per share and $5.87 billion, respectively.
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10781.0
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2023-04-06 00:00:00 UTC
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Interesting AAP Put And Call Options For May 26th
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AAP
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https://www.nasdaq.com/articles/interesting-aap-put-and-call-options-for-may-26th
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the May 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new May 26th contracts and identified one put and one call contract of particular interest.
The put contract at the $116.00 strike price has a current bid of $3.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $116.00, but will also collect the premium, putting the cost basis of the shares at $112.20 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $120.07/share today.
Because the $116.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.28% return on the cash commitment, or 23.91% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $116.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $121.00 strike price has a current bid of $3.70. If an investor was to purchase shares of AAP stock at the current price level of $120.07/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $121.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.86% if the stock gets called away at the May 26th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $121.00 strike highlighted in red:
Considering the fact that the $121.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.08% boost of extra return to the investor, or 22.50% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $120.07) to be 38%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Dividend History
DIN Average Annual Return
TVIX Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $121.00 strike highlighted in red: Considering the fact that the $121.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the May 26th expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $121.00 strike highlighted in red: Considering the fact that the $121.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the May 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new May 26th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $121.00 strike highlighted in red: Considering the fact that the $121.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the May 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new May 26th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new May 26th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $121.00 strike highlighted in red: Considering the fact that the $121.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the May 26th expiration.
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10782.0
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2023-04-02 00:00:00 UTC
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7 Growth Stocks That Are Trading at a Bargain Price
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AAP
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https://www.nasdaq.com/articles/7-growth-stocks-that-are-trading-at-a-bargain-price
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It’s too early to say the market has turned the corner, but some analysts suggest that equities could be at the beginning of a bull market. The banking crisis appears to be contained. And if the Federal Reserve decides to pause the rise in interest rates, these same analysts suggest the rally could turn into something much bigger. That’s why now is a good time to look at buying bargain growth stocks.
One metric to use for finding undervalued stocks is the price-to-earnings (P/E) ratio. This tells you how much of a price you’re paying per share for every dollar of a company’s earnings. While not a perfect indicator by any means, it can serve as a useful starting point. At the time of this writing, the current S&P P/E ratio is approximately 21x. A common feature of each of these bargain growth stocks is that they are trading below that average. This makes them good candidates to outperform when the market does return to growth.
PFE Pfizer $40.80
LOW Lowe’s $199.97
AAP Advance Auto Parts $121.61
URI United Rentals $395.76
HAL Halliburton $31.64
OGN Organon & Co. $23.52
HBM Hudbay Minerals $5.25
Pfizer (PFE)
Source: Tendo / Shutterstock
Multinational biotechnology companies like Pfizer (NYSE:PFE) tend to be a bit predictable if not a little boring. Revenue and profits come from their commercially available medicines. And the best ones have a deep pipeline of drugs and therapeutics in development. But nothing’s been boring about owning PFE stock in the last two years. The stock rocketed higher when it won the race to earn an emergency use authorization for its Covid-19 vaccine, Comirnaty. However, the stock has plunged more than 25% as investors expect demand for the vaccine to wane.
This is an example of where investors have to use a wider lens. In March 2023, Pfizer announced it would pay $43 billion to acquire Seagen (NASDAQ:SGEN). This acquisition will enhance Pfizer’s oncology portfolio, and the company expects it to add $10 billion in revenue by 2030.
That’s a long time away, but Pfizer fits into the bargain growth stocks category. The company’s P/E ratio is just over 7x. And analysts give PFE stock a mean price target of $53.10 which is 31% higher than the current price. Plus, the company pays a dividend with an attractive 4.07% yield, and it has been increasing the dividend in each of the last 12 years.
Lowe’s Companies (LOW)
Source: 3rdtimeluckystudio / Shutterstock
After the collapse of the housing market, Lowe’s Companies (NYSE:LOW) is looking like a bargain growth stock. However, I understand if some investors are wondering when that growth will emerge. Revenue and earnings for the home improvement giant are likely to remain under pressure in 2023 as the housing market will remain sluggish.
That being said, when the housing market does pick up, you’re not going to be able to buy the LOW stock at under $200 a share. If you want to wait to see if the stock will drop to an even more attractive price point, I wouldn’t blame you. But timing the market is always tricky. So it’s a good idea to take a small position now and average cost down if the price does drop.
By taking that strategy, you can take advantage of the company’s dividend. Lowe’s is a Dividend King which means the company has increased its dividend for at least 50 consecutive years. While the yield of 2.18% isn’t particularly impressive, investors do get a $4.20 per share annual payout which makes the stock a safe place to ride out the current market.
Advance Auto Parts (AAP)
Source: MEE KO DONG / Shutterstock
There was a notable item in the last reading of the Consumer Price Index (CPI) that should be bullish for Advance Auto Parts (NYSE:AAP). Specifically, the price of used cars went up. This was a reversal of a downward trend that started in the fall of 2022.
That makes it likely that more investors may hold off on making that car purchase and instead apply some of their tax refunds to keeping their existing car in working order. That would certainly justify buying AAP stock which has tumbled over 40% in the past 12 months.
But even if revenue and earnings don’t significantly improve from 2022 levels, the stock looks undervalued and oversold. At around 14x earnings, AAP stock is trading at a discount. Buying the stock now gets you an attractive dividend with a yield of over 5%. The payout ratio is over 70% which means there is some concern that the dividend may get cut a little. But with the growth of over 192% in the last three years, investors are still likely to get a nice payout.
United Rentals (URI)
Source: Shutterstock
Talk about the debt ceiling and curbing government spending dominating the headlines, and with good reason. The federal budget is a mess. But even if the government commits to no new spending in 2023, there are still federal dollars flowing into the economy. That’s because of the Infrastructure Act and Inflation Reduction Act that passed through the last Congress.
And all that spending is bullish for United Rentals (NYSE:URI) as businesses look to get shovels in the ground. URI stock is up 67% from its 52-week low. But it’s also down 19% from its 52-week high set in early March after a downgrade by an analyst at Baird. The argument is that tighter bank lending will constrict spending on capital projects in the private sector.
That may be true. But with revenue expected to grow in 2023, it’s a good idea to keep your eye on a stock that is trading at just 12x earnings. And the company recently initiated a dividend which may also help lift the spirit – and total return – of investors.
Halliburton (HAL)
Source: Freedom365day / Shutterstock.com
Heading into 2023, the bears had the upper hand on oil stocks like Halliburton (NYSE:HAL). Oil prices were dropping as it appeared that the Federal Reserve’s campaign of raising interest rates was having the expected effect of lowering demand.
But the reopening of China and the refilling of the Strategic Petroleum Reserve will likely put a firm floor on oil prices that has some analysts saying that $70 is the new $50. If that’s the case, then Halliburton is well positioned to become one of the bargain growth stocks. HAL stock is down 27% since mid-January. At that time, the stock was bumping up against its 52-week high.
With catalysts in place, it would not be hard to see the stock moving past its 52-week high. It’s already up 8% in the last week of March. And if oil climbs to over $90 as some analysts believe can happen, now is the time to get in on a stock that is trading at around 17x earnings.
Organon & Co. (OGN)
Source: smshoot/ShutterStock.com
There are times when low-priced growth stocks are not bargains. And at first glance, that may seem to be the case with Organon & Co. (NYSE:OGN). The healthcare company’s stock is currently trading at around 6.4x earnings and earnings are expected to decline in the next year.
However, the consensus price target of analysts suggests the stock could have an upside of over 45%. And the stock received a bullish upgrade from Raymond James in March. One catalyst is coming from Organon’s biosimilar division which is launching a biosimilar drug that will compete with Humira from AbbVie (NYSE:ABBV).
The stock may also get a boost from its Women’s Health division. Merck & Co. (NYSE:MRK) spinoff is launching its “Her Plan is Her Power” initiative to reduce unplanned pregnancies. And Bloomberg recently reported that the company is seeing an increase in demand for birth control in states where abortion is restricted.
Hudbay Minerals (HBM)
Source: Shutterstock
Hudbay Minerals (NYSE:HBM) is the last of the bargain growth stocks on this list. And it carries the most risk. However, if you’re going to be investing in a small-cap stock, particularly a mining stock, HBM stock may be a savvy choice. Mining stocks are always a risk, but a small-cap play like Hudbay comes with the opportunity for big rewards.
The reason is the global demand for copper. In all of history, the world has mined 700 million tons of copper. But to reach the target of net zero carbon emissions by 2050, the world will have to mine 1.4 billion tons more. This is probably unrealistic. But it’s a good reason to invest in a mining stock that is expected to post earnings growth of over 39% on average over the next five years.
According to the company’s website, Hudbay Minerals is “unique among our peers for our proven ability to discover, finance, build and operate low-cost, long-life, cash-generating assets. We have a robust portfolio of mines and projects focused on copper in mining-friendly, investment-grade jurisdictions.”
Analysts give the stock a consensus Hold rating with a price target of $6.85 which is 31% above its current price.
On the date of publication, Chris Markoch had a LONG position in LOW. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
The post 7 Growth Stocks That Are Trading at a Bargain Price appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PFE Pfizer $40.80 LOW Lowe’s $199.97 AAP Advance Auto Parts $121.61 URI United Rentals $395.76 HAL Halliburton $31.64 OGN Organon & Co. $23.52 HBM Hudbay Minerals $5.25 Pfizer (PFE) Source: Tendo / Shutterstock Multinational biotechnology companies like Pfizer (NYSE:PFE) tend to be a bit predictable if not a little boring. Advance Auto Parts (AAP) Source: MEE KO DONG / Shutterstock There was a notable item in the last reading of the Consumer Price Index (CPI) that should be bullish for Advance Auto Parts (NYSE:AAP). That would certainly justify buying AAP stock which has tumbled over 40% in the past 12 months.
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PFE Pfizer $40.80 LOW Lowe’s $199.97 AAP Advance Auto Parts $121.61 URI United Rentals $395.76 HAL Halliburton $31.64 OGN Organon & Co. $23.52 HBM Hudbay Minerals $5.25 Pfizer (PFE) Source: Tendo / Shutterstock Multinational biotechnology companies like Pfizer (NYSE:PFE) tend to be a bit predictable if not a little boring. Advance Auto Parts (AAP) Source: MEE KO DONG / Shutterstock There was a notable item in the last reading of the Consumer Price Index (CPI) that should be bullish for Advance Auto Parts (NYSE:AAP). That would certainly justify buying AAP stock which has tumbled over 40% in the past 12 months.
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PFE Pfizer $40.80 LOW Lowe’s $199.97 AAP Advance Auto Parts $121.61 URI United Rentals $395.76 HAL Halliburton $31.64 OGN Organon & Co. $23.52 HBM Hudbay Minerals $5.25 Pfizer (PFE) Source: Tendo / Shutterstock Multinational biotechnology companies like Pfizer (NYSE:PFE) tend to be a bit predictable if not a little boring. Advance Auto Parts (AAP) Source: MEE KO DONG / Shutterstock There was a notable item in the last reading of the Consumer Price Index (CPI) that should be bullish for Advance Auto Parts (NYSE:AAP). That would certainly justify buying AAP stock which has tumbled over 40% in the past 12 months.
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PFE Pfizer $40.80 LOW Lowe’s $199.97 AAP Advance Auto Parts $121.61 URI United Rentals $395.76 HAL Halliburton $31.64 OGN Organon & Co. $23.52 HBM Hudbay Minerals $5.25 Pfizer (PFE) Source: Tendo / Shutterstock Multinational biotechnology companies like Pfizer (NYSE:PFE) tend to be a bit predictable if not a little boring. Advance Auto Parts (AAP) Source: MEE KO DONG / Shutterstock There was a notable item in the last reading of the Consumer Price Index (CPI) that should be bullish for Advance Auto Parts (NYSE:AAP). That would certainly justify buying AAP stock which has tumbled over 40% in the past 12 months.
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10783.0
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2023-03-31 00:00:00 UTC
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Barclays Upgrades Advance Auto Parts (AAP)
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https://www.nasdaq.com/articles/barclays-upgrades-advance-auto-parts-aap
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On March 31, 2023, Barclays upgraded their outlook for Advance Auto Parts (NYSE:AAP) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 29.50% Upside
As of March 30, 2023, the average one-year price target for Advance Auto Parts is $153.60. The forecasts range from a low of $106.05 to a high of $189.00. The average price target represents an increase of 29.50% from its latest reported closing price of $118.61.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is $11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is $13.56.
Advance Auto Parts Declares $1.50 Dividend
On February 21, 2023 the company declared a regular quarterly dividend of $1.50 per share ($6.00 annualized). Shareholders of record as of April 14, 2023 will receive the payment on April 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $118.61 / share, the stock's dividend yield is 5.06%. Looking back five years and taking a sample every week, the average dividend yield has been 1.23%, the lowest has been 0.13%, and the highest has been 5.23%. The standard deviation of yields is 1.32 (n=237).
The current dividend yield is 2.91 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.70. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
Jpmorgan Chase & holds 3,394K shares representing 5.76% ownership of the company. No change in the last quarter.
Clearbridge Investments holds 2,555K shares representing 4.34% ownership of the company. In it's prior filing, the firm reported owning 3,044K shares, representing a decrease of 19.12%. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.16% ownership of the company. In it's prior filing, the firm reported owning 2,284K shares, representing an increase of 6.78%. The firm decreased its portfolio allocation in AAP by 10.17% over the last quarter.
Barrow Hanley Mewhinney & Strauss holds 2,231K shares representing 3.79% ownership of the company. In it's prior filing, the firm reported owning 2,980K shares, representing a decrease of 33.56%. The firm decreased its portfolio allocation in AAP by 35.48% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,799K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 1,790K shares, representing an increase of 0.50%. The firm decreased its portfolio allocation in AAP by 12.72% over the last quarter.
What is the Fund Sentiment?
There are 1337 funds or institutions reporting positions in Advance Auto Parts. This is an increase of 4 owner(s) or 0.30% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.18%, a decrease of 23.43%. Total shares owned by institutions decreased in the last three months by 4.25% to 66,828K shares. The put/call ratio of AAP is 0.83, indicating a bullish outlook.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On March 31, 2023, Barclays upgraded their outlook for Advance Auto Parts (NYSE:AAP) from Underweight to Equal-Weight. The projected annual non-GAAP EPS is $13.56. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
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On March 31, 2023, Barclays upgraded their outlook for Advance Auto Parts (NYSE:AAP) from Underweight to Equal-Weight. The projected annual non-GAAP EPS is $13.56. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
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On March 31, 2023, Barclays upgraded their outlook for Advance Auto Parts (NYSE:AAP) from Underweight to Equal-Weight. The projected annual non-GAAP EPS is $13.56. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
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On March 31, 2023, Barclays upgraded their outlook for Advance Auto Parts (NYSE:AAP) from Underweight to Equal-Weight. The projected annual non-GAAP EPS is $13.56. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
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10784.0
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2023-03-30 00:00:00 UTC
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Why Is Advance Auto Parts (AAP) Down 15.3% Since Last Earnings Report?
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AAP
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https://www.nasdaq.com/articles/why-is-advance-auto-parts-aap-down-15.3-since-last-earnings-report
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). Shares have lost about 15.3% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Advance Auto Parts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Advance Auto's Q4 Earnings Beat, Revenues Increase Y/Y
Advance Auto Parts reported adjusted earnings of $2.88 per share for fourth-quarter 2022, an increase of 39.1% from the year-ago quarter figure. The reported figure outpaced the Zacks Consensus Estimate of $2.41 a share. Advance Auto generated net revenues of $2,474 million, surpassing the Zacks Consensus Estimate of $2,422 million and increasing 3.2% from the year-ago reported figure.
Comparable store sales increased 2.1%. Adjusted operating income increased 23.6% year over year to $218.5 million. Adjusted SG&A expenses totaled $942.5 million for fourth-quarter 2022, down 0.4% year over year.
Financial Position
Advance Auto had cash and cash equivalents of $269.3 million as of Dec 31, 2022 compared with $601.4 million on Jan 1, 2022. Total long-term debt was $1,188.3 million as of Dec 31, 2022, up from $1,034.3 million on Jan 1, 2022. Year to date, net cash provided by operating activities and FCF totaled $722.2 million and $298.2 million, respectively.
Dividend & Share Repurchase
AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023.
During the quarter under discussion, AAP repurchased around 0.5 million shares for $75 million at an average price of $150 per share. At the end of fourth-quarter 2022, AAP had $947.3 million remaining under its share repurchase program.
Store Update
As of Dec 31, 2022, AAP operated 4,770 stores and 316 Worldpac branches in the United States, Canada, Puerto Rico and U.S. Virgin Islands. It also served 1,311 independently-owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean Islands.
2023 Guidance
Advance Auto estimates 2023 net sales in the band of $11.4-$11.6 billion. Comparable store sales are envisioned to range between 1. Adjusted operating income margin is envisioned in the range of 7.8%-8.2%. Advance Auto expects its 2023 capex to be in the range of $300-$350 million. The company targets a minimum FCF of $400 million. Diluted EPS is forecast between $10.2 and $11.2. It aims to open 60 to 80 new stores this year.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -23.34% due to these changes.
VGM Scores
Currently, Advance Auto Parts has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Advance Auto Parts has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023. During the quarter under discussion, AAP repurchased around 0.5 million shares for $75 million at an average price of $150 per share.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report To read this article on Zacks.com click here. It has been about a month since the last earnings report for Advance Auto Parts (AAP). Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023.
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023. During the quarter under discussion, AAP repurchased around 0.5 million shares for $75 million at an average price of $150 per share.
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It has been about a month since the last earnings report for Advance Auto Parts (AAP). During the quarter under discussion, AAP repurchased around 0.5 million shares for $75 million at an average price of $150 per share. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023.
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10785.0
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2023-03-28 00:00:00 UTC
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7 Value Stocks To Buy Now For Bargain Prices
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https://www.nasdaq.com/articles/7-value-stocks-to-buy-now-for-bargain-prices
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The first quarter of 2023 was a rocky one for the stock market. The good news is that volatility created many solid value stocks to buy. And, after all, a highly profitable firm bought at a sufficiently low price should reward investors with a solid margin of safety and the potential for well above-average returns. In fact, these seven value stocks to buy, in particular, have promising outlooks for the rest of 2023. And, as of this writing, all are selling for less than 15 times forward earnings meaning they are selling at valuations much below the S&P 500 as a whole.
GS Goldman Sachs $316.57
VZ Verizon $38.02
AAP Advance Auto Parts $116.01
GPN Global Payments $98.95
TSN Tyson Foods $57.85
BP BP. $37.38
SQM Sociedad Química y Minera de Chile $82.02
Value Stocks to Buy: Goldman Sachs (GS)
Source: Vova Shevchuk / Shutterstock.com
Bank stocks were slammed over the past month. And with understandable reason. Several prominent banks failed, and more are struggling to adapt to the rapidly-changing interest rate environment.
That said, investors shouldn’t give up on the whole sector. Banks are often among the best value stocks to buy, and the current industry consolidation will favor the industry leaders. That includes Goldman Sachs (NYSE:GS). Goldman is known for its skilled trading. The firm made profits in the 2008 financial crisis betting against failing mortgages, for example, while most other banks were caught horribly on the wrong side of the market. Goldman, with its world-class trading team and institutional banking chops, is in a great position to ride out the current volatility and make the most of shifting market opportunities.
Shares have pulled back nearly 15% from their recent highs. This puts GS stock at less than 10 times forward earnings. It also trades at just 1.0x book value which has been an excellent entry point for Goldman Sachs shares historically. While weak banks may continue to flounder, leaders like Goldman Sachs are set to take advantage and the current price marks a value opportunity.
Value Stocks to Buy: Verizon (VZ)
Source: Epic Cure / Shutterstock
Telecom stocks are usually viewed as stable blue-chip stocks. Unfortunately, the past year damaged that idea. Rival AT&T (NYSE:T) slashed its dividend following some ill-advised acquisitions which left it in an excessive amount of debt. However, I believe investors unfairly punished Verizon (NYSE:VZ) for other firms’ problems. Yes, it’s true that the telecom industry has faced heavy costs to roll out 5G and other new infrastructure. And competition from cable companies has pressured margins to an extent.
That said, telecom firms still retain their defensive traits. They offer gushers of cash flow and are recession-proof; people will keep paying the phone bill regardless of what is going on in the broader economy. VZ stock has fallen 25 percent over the past year. That’s a remarkable amount for a firm that is typically such a low-volatility stock. And with shares at today’s price, Verizon goes for just 8 times forward earnings while offering a 6.9% dividend yield.
Value Stocks to Buy: Advance Auto Parts (AAP)
Source: Zurijeta / Shutterstock.com
The used automobile industry had an incredible couple of years. In 2021 and 2022, used car prices went up sharply. In fact, cars were an appreciating asset during the pandemic, which is in stark contrast to the usual rapid depreciation seen for aging vehicles.
This came about due to the shortage of semiconductors and other inputs needed to manufacture new cars. In this environment, people were willing to spend more on used vehicle repair and maintenance, and it led to great times for car parts retailers. This period has now ended, and Advance Auto Parts (NYSE:AAP) stock took a hit because of it. Shares are down a shocking 46% over the past year. And yet, operating results aren’t anywhere near bad enough to justify that fact. Indeed, in the most recent earnings report, Advanced Auto Parts topped earnings expectations while growing revenues by 3% year-over-year.
These aren’t amazing results by any means, but hardly the ones you’d expect from a company that has lost nearly half its value, either. At the current price, AAP stock goes for just 10 times forward earnings while giving off a generous 5.17% dividend yield.
Global Payments (GPN)
Source: shutterstock.com/CC7
Global Payments (NYSE:GPN) is a merchant acquirer company focused on small to mid-sized merchants. Merchant acquirers function as an intermediary between retailers and credit card companies, offering payment terminals, back office support, software, fraud prevention services, and so on needed to ensure swift and seamless transactions.
Global Payments made a huge move a few years ago completing a merger of equals with Total System Services. This gave Global Payments the size and scale to compete with the largest firms in the industry. However, the benefits of this merger got lost amid a huge downturn in the payments industry. As rivals like PayPal (NASDAQ:PYPL) have seen their share prices collapse, investors have sold off GPN stock as well.
But that’s a mistake. Global Payments has a track record of double-digit annualized earnings and revenue growth and it continues to post healthy numbers now. To that point, the stock now sells for less than 10 times forward earnings and analysts continue to expect double-digit earnings growth in 2023 and beyond. Even with all the problems other weaker peers are having within the industry, Global Payments is simply too cheap to make sense.
Tyson Foods (TSN)
Source: Freedom365day / Shutterstock.com
Tyson Foods (NYSE:TSN) is a leading food company whose main product lines include beef, pork, chicken, and prepared foods. Tyson is a commodity producer, meaning that most of its product sales are tied to cyclical market prices rather than having much pricing power. That’s a negative for Tyson compared to other packaged foods companies. However, TSN stock has sold off 34% over the past year. This more than makes up for the lower margins inherent in Tyson’s business model.
Why have shares dropped so far? That’s related to high animal prices, which are in turn driven by high grain prices which resulted in part from the war in Ukraine. Fortunately for Tyson and for meat eaters more generally, this inflationary problem won’t last forever. Farmers and ranchers address higher prices by raising more crops and cattle which will normalize market conditions in due time.
In the meanwhile, investors can get a bargain in TSN stock today. Even with earnings in a dip, shares are still going for just 13 times this year’s estimates. Tyson stock traded for nearly $100 per share in both 2019 and 2022, making today’s sub-$60 level an attractive one for investors with the patience to wait for a few quarters as the meat cycle resolves itself.
BP (BP)
Source: Chompoo Suriyo / Shutterstock.com
Many investors have written off BP (NYSE:BP) after its years in the wilderness. Between the Deepwater Horizon disaster and BP’s rushed and poorly executed transition into the renewable energy space, BP stock has certainly failed to keep up with peers in recent years. However, it’s time to give BP stock a second look. That’s because the firm’s CEO, Bernard Looney, announced earlier this year that BP will be trimming its renewable energy investments while focusing more on traditional oil and gas. This should be just what BP investors were looking for. After all, the firm’s core energy assets remain highly profitable. To that point, shares are trading for less than 6x forward earnings at the moment.
Now that BP will spend less of those earnings on green energy while returning more to shareholders, BP can become a true gusher of profits once again. Shares yield 4.4% and there should be a sizable share buyback program adding to appeal as well.
Sociedad Química y Minera de Chile (SQM)
Source: ImageFlow/Shutterstock.com
Sociedad Química y Minera de Chile (NYSE:SQM) is one of the world’s largest lithium companies. Hailing from Chile, it operates in one of the more stable and reliable low-cost mining countries in the world. Lithium is a promising metal going forward. As the world continues to adopt electric vehicles and other high-intensity battery applications, the demand for lithium should skyrocket.
Major vehicle makers such as Tesla Motors (NASDAQ:TSLA) have started trying to acquire their own lithium supplies to ensure against potential shortages. This gives investors a sense of the strategic importance of lithium supplies in the coming years. And SQM has tremendous reserves and current production capabilities.
SQM is also highly profitable. Shares are going for less than 7 times forward earnings while offering a 9% dividend yield. Shares have dipped thanks to fears of an economic slowdown. And while that is a legitimate risk for 2023, over the longer haul, lithium should remain in high demand.
On the date of publication, Ian Bezek held a long position in BP, GPN, VZ, and GS stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.
The post 7 Value Stocks To Buy Now For Bargain Prices appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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GS Goldman Sachs $316.57 VZ Verizon $38.02 AAP Advance Auto Parts $116.01 GPN Global Payments $98.95 TSN Tyson Foods $57.85 Value Stocks to Buy: Advance Auto Parts (AAP) Source: Zurijeta / Shutterstock.com The used automobile industry had an incredible couple of years. This period has now ended, and Advance Auto Parts (NYSE:AAP) stock took a hit because of it.
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GS Goldman Sachs $316.57 VZ Verizon $38.02 AAP Advance Auto Parts $116.01 GPN Global Payments $98.95 TSN Tyson Foods $57.85 Value Stocks to Buy: Advance Auto Parts (AAP) Source: Zurijeta / Shutterstock.com The used automobile industry had an incredible couple of years. This period has now ended, and Advance Auto Parts (NYSE:AAP) stock took a hit because of it.
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GS Goldman Sachs $316.57 VZ Verizon $38.02 AAP Advance Auto Parts $116.01 GPN Global Payments $98.95 TSN Tyson Foods $57.85 Value Stocks to Buy: Advance Auto Parts (AAP) Source: Zurijeta / Shutterstock.com The used automobile industry had an incredible couple of years. This period has now ended, and Advance Auto Parts (NYSE:AAP) stock took a hit because of it.
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GS Goldman Sachs $316.57 VZ Verizon $38.02 AAP Advance Auto Parts $116.01 GPN Global Payments $98.95 TSN Tyson Foods $57.85 Value Stocks to Buy: Advance Auto Parts (AAP) Source: Zurijeta / Shutterstock.com The used automobile industry had an incredible couple of years. This period has now ended, and Advance Auto Parts (NYSE:AAP) stock took a hit because of it.
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10786.0
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2023-03-26 00:00:00 UTC
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Validea's Top Ten Consumer Cyclical Stocks Based On Joel Greenblatt - 3/26/2023
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AAP
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https://www.nasdaq.com/articles/valideas-top-ten-consumer-cyclical-stocks-based-on-joel-greenblatt-3-26-2023
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nan
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The following are the top rated Consumer Cyclical stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARHAUS INC (ARHS) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Joel Greenblatt is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arhaus, Inc. is a lifestyle brand and omnichannel retailer of premium home furnishings. The Company through its proprietary model designs and sources products from manufacturers and artisans. It has approximately 75 showroom and design centers locations across the United States. The Company's in-home designers, who work with clients in the showroom and travel to its clients' residences and offer personalized solutions. The Company's online capabilities provide research and discovery and allow clients to begin or complete transactions online. Its online design services professionals and virtual tools complement its e-commerce platform by engaging clients and providing them with expert design advice and capabilities. The Company distributes two large catalogs each year, a January and a September edition, in both an online and physical format. It also distributes catalogs for specific categories, such as outdoor furnishings, special collections, and certain holidays.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of ARHAUS INC
ARHS Guru Analysis
ARHS Fundamental Analysis
LESLIE'S INC (LESL) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on Joel Greenblatt is 30% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Leslie's Inc. is a pool and spa aftermarket company. The Company serves the aftermarket needs of residential and professional consumers with an assortment of essential pool and spa care products. It markets and sells pool and spa supplies and related products and services, which primarily consist of maintenance items such as chemicals, equipment and parts, and cleaning accessories, as well as safety, recreational, and fitness-related products. It operates an integrated ecosystem of over 975 physical locations. It also offers essential services, such as equipment installation and repair for residential consumers and professional pool operators. The Company also provides complimentary, commercial-grade in-store water testing and analysis via its proprietary AccuBlue system, which improves consumer engagement, conversion, basket size, and loyalty.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of LESLIE'S INC
LESL Guru Analysis
LESL Fundamental Analysis
WABASH NATIONAL CORPORATION (WNC) is a small-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Joel Greenblatt is 30% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Wabash National Corporation provides connected solutions for the transportation, logistics and distribution industries. It designs and manufactures a diverse range of products, including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. Its segments include Transportation Solutions (TS) and Parts & Services (P&S). The TS segment comprises the design and manufacturing operations for the Company's transportation-related equipment and products. This includes dry and refrigerated van trailers, platform trailers, tank trailers and truck-mounted tanks, truck-mounted dry and refrigerated truck bodies, and EcoNex technology products. The P&S segment is comprised of aftermarket parts and services; Wabash Parts LLC; food, dairy, and beverage equipment; as well as the upfitting component of its truck bodies business.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of WABASH NATIONAL CORPORATION
WNC Guru Analysis
WNC Fundamental Analysis
HILLENBRAND, INC. (HI) is a mid-cap growth stock in the Furniture & Fixtures industry. The rating according to our strategy based on Joel Greenblatt is 10% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hillenbrand, Inc. is a global industrial company that provides engineered, mission-critical processing equipment and solutions. The Company's segments include Advanced Process Solutions, and Molding Technology Solutions. The Advanced Process Solutions segment is a global provider of compounding, extrusion, and material handling, screening and separating equipment and systems, and services. The segment is focused on engineered industrial processing solutions and aftermarket parts and services for a range of end markets and applications, including food, plastics, chemicals, and recycling. The Molding Technology Solutions segment is engaged in engineered and customized equipment and systems and services in plastic technology and processing. Its product portfolio includes injection molding and extrusion equipment and hot runner systems and process controller technology. The Company's portfolio includes brands, such as Coperion, Milacron Injection Molding & Extrusion, and Mold-Masters.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of HILLENBRAND, INC.
HI Guru Analysis
HI Fundamental Analysis
ADIDAS AG - ADR (ADDYY) is a large-cap growth stock in the Footwear industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Adidas AG is a Germany-based company that designs, develops, produces and markets a range of athletic and sports lifestyle products. The Company's segments include Europe, North America, Asia-Pacific, Russia/CIS, Latin America; Emerging Markets, adidas Golf, Runtastic and Other centrally managed business. Each segment includes wholesale, retail and e-commerce business activities relating to the distribution and sale of products of the adidas brand to retail customers and end consumers. The Company has over 2,500 own-retail stores , mono-branded franchise stores, shop-in-shops, joint ventures with retail partners and co-branded stores and an e-commerce channel, which is available to customers in over 50 countries. The adidas branded products include footwear, apparel and hardware, such as bags and balls.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ADIDAS AG - ADR
ADDYY Guru Analysis
ADDYY Fundamental Analysis
ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America, serving both professional installers and do-it-yourself (DIY) customers. Its stores and branches offer a selection of brand names, original equipment manufacturers (OEM), and brand-owned automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy-duty trucks. It operates approximately 4,747 stores and 313 branches within the United States, Canada, Puerto Rico, and the United States Virgin Islands. The Company operates through four trade names: Advance Auto Parts, Autopart International, Carquest, and Worldpac. Its Advance Auto Parts focus on both professional and DIY customers. The stores carry a variety of products serving aftermarket auto part needs for both domestic and import vehicles. Its Autopart International operates in the North-eastern and Mid-Atlantic regions of the United States.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of ADVANCE AUTO PARTS, INC.
AAP Guru Analysis
AAP Fundamental Analysis
GRIFFON CORPORATION (GFF) is a small-cap value stock in the Appliance & Tool industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Griffon Corporation is a diversified management and holding company, which conducts its business through its subsidiaries. The Company's segments include Consumer and Professional Products (CPP) and Home and Building Products (HBP). CPP segment manufactures branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products, and products that enhance indoor and outdoor lifestyles. Its brand portfolio for long-handled tools, outdoor decor, and landscaping product includes AMES, True Temper, Garant, Harper, UnionTools, Westmix, Cyclone, Southern Patio, Northcote Pottery, Nylex, Hills, Kelkay, Tuscan Path, La Hacienda, Kelso, Dynamic Design, Apta and Quatro Design. HBP segment conducts its operations through Clopay, which is a manufacturer and marketer of garage doors and rolling steel doors in North America. Its garage doors and rolling steel doors are sold under the Clopay, Ideal, Holmes, Cornell and Cookson brands.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of GRIFFON CORPORATION
GFF Guru Analysis
GFF Fundamental Analysis
FISKER INC (FSR) is a small-cap value stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Fisker Inc. is building a technology-enabled, asset-light automotive business model for automotive industry. The Company is focused on vehicle development and sales and services. The Company is involved in designing and developing electric vehicles. Its Fisker Flexible Platform Agnostic Design (FF-PAD) a process that allows the design and development of a vehicle to be adapted to any given EV platform in the specific segment size. Its segments include White space segment, Value segment, and Conservative premium segment. It intends to offer third-party insurance and self-insurance mechanisms to its customers to provide insurance against certain risks, including auto liability and physical damage, general liability and products liability. It intends to market and sell its vehicles directly to customers using its digital platforms, including the Flexee App and Website. The Company has not generated any revenue.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of FISKER INC
FSR Guru Analysis
FSR Fundamental Analysis
FEDERAL SIGNAL CORP (FSS) is a mid-cap growth stock in the Auto & Truck Manufacturers industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Federal Signal Corporation manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through two segments: the Environmental Solutions Group and the Safety and Security Systems Group. The Environmental Solutions Group is a manufacturer and supplier of a full range of street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, high-performance water blasting equipment, road-marking and line-removal equipment, dump truck bodies, trailers, and metal extraction support equipment. It manufactures vehicles and equipment in the United States and Canada that are sold under the Elgin, Vactor, Guzzler, and TRUVAC brand names. The Safety and Security Systems Group is a manufacturer and supplier of comprehensive systems and products that law enforcement, fire rescue, emergency medical services, campuses, military facilities, and industrial sites use to protect people and property.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of FEDERAL SIGNAL CORP
FSS Guru Analysis
FSS Fundamental Analysis
DORMAN PRODUCTS INC (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dorman Products, Inc. is a supplier of replacement and upgrade parts in the motor vehicle aftermarket industry, serving passenger cars, light, medium, and heavy-duty trucks, as well as specialty vehicles, including utility terrain vehicles (UTVs) and all-terrain vehicles (ATVs). The Company is an aftermarket supplier of parts that are traditionally available to professional installers and consumers only from original equipment manufacturers or salvage yards. These parts include leaf springs, intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation (EGR) coolers, UTV windshields, and complex electronics modules. Its product classes include powertrain, chassis, motor vehicle body, and hardware. Its products are sold primarily through aftermarket retailers, including through their online platforms; dealers; national, regional and local warehouse distributors and specialty markets; and salvage yards.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of DORMAN PRODUCTS INC
DORM Guru Analysis
DORM Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Detailed Analysis of ADIDAS AG - ADR ADDYY Guru Analysis ADDYY Fundamental Analysis ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis GRIFFON CORPORATION (GFF) is a small-cap value stock in the Appliance & Tool industry. Its stores and branches offer a selection of brand names, original equipment manufacturers (OEM), and brand-owned 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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Detailed Analysis of ADIDAS AG - ADR ADDYY Guru Analysis ADDYY Fundamental Analysis ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis GRIFFON CORPORATION (GFF) is a small-cap value stock in the Appliance & Tool industry. Detailed Analysis of FEDERAL SIGNAL CORP FSS Guru Analysis FSS Fundamental Analysis DORMAN PRODUCTS INC (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry.
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Detailed Analysis of ADIDAS AG - ADR ADDYY Guru Analysis ADDYY Fundamental Analysis ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis GRIFFON CORPORATION (GFF) is a small-cap value stock in the Appliance & Tool industry. Company Description: Dorman Products, Inc. is a supplier of replacement and upgrade parts in the motor vehicle aftermarket industry, serving passenger cars, light, medium, and heavy-duty trucks, as well as specialty vehicles, including utility terrain vehicles (UTVs) and all-terrain vehicles (ATVs).
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Detailed Analysis of ADIDAS AG - ADR ADDYY Guru Analysis ADDYY Fundamental Analysis ADVANCE AUTO PARTS, INC. (AAP) is a mid-cap value stock in the Auto & Truck Parts industry. Detailed Analysis of ADVANCE AUTO PARTS, INC. AAP Guru Analysis AAP Fundamental Analysis GRIFFON CORPORATION (GFF) is a small-cap value stock in the Appliance & Tool industry. The TS segment comprises the design and manufacturing operations for the Company's transportation-related equipment and products.
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10787.0
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2023-03-24 00:00:00 UTC
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Dividend King Genuine Parts Company Upgraded On Profit Guidance
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AAP
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https://www.nasdaq.com/articles/dividend-king-genuine-parts-company-upgraded-on-profit-guidance
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nan
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Genuine Parts Company (NYSE: GPC) is hosting an investor day event, and the pre-event press release already excites the analysts. The release reaffirmed the dividend king and its 2023 targets and gave a long-term forecast well above the Marketbeat.com consensus. The company expects earnings for 2023 to fall into a range bracketing the consensus, but the 6-7% 3-year revenue CAGR and 10-11% expected earnings are not. On the top line, the guidance is more than $1.5 billion above expectation at the low end of the range; that’s a difference of 6% and is compounded by an EPS target above consensus—great news for the dividend.
"We are building on our strong momentum and investing in our businesses to create value and unlock the power of One GPC," said Paul Donahue, Chairman and Chief Executive Officer. "Our rich culture, global scale and strategic execution provide us with unique opportunities for profitable growth and strong cash flow, and we are excited for the future of Genuine Parts Company."
The Analysts' Chatter Is Already Perking Up
The guidance is already spawning new targets from the analyst, and more can be expected. The first to show up on Marketbeat’s analyst tracking page comes from Truist, which upgraded the stock to Buy from Hold and gave a price target of $186. That’s about 20% above the pre-announcement price and well above the consensus target.
“In our view, elevated vehicle prices will continue to force consumers to invest in maintaining/repairing their existing vehicles rather than purchasing something else,” said Truist analysis Scot Cicarelli. “In addition, we believe same-SKU inflation will likely surprise to the upside in ’23, providing incremental upside sales potential.”
The consensus is a Hold, weakening ahead of the release despite upward pressure in the price target. The consensus price target is trending upward but assumes the stock is fairly valued at the current levels. Assuming the analysts continue to up their targets and ratings due to the new guidance, we can assume the Hold rating will firm, and the price target will continue to support the price action.
The institutional activity has been mixed over the last year, but they are buying on balance, and their purchases hit new heights in Q1 2023. This brings total ownership up to 78% and growing, with names like B. Riley Wealth Advisors making multiple purchases during the quarter.
Autoparts Retailers Have Strong Q1, Affirm GPC Targets
Auto parts retailers like Autozone (NYSE: AZO), Advance Auto Parts (NYSE: AAP), and O’Reilly Automotive (NYSE: ORLY) all released q1 reports that back up the outlook for GPC. They all beat on the top and bottom lines due to volume and prices that have profits outpacing the consensus estimates. This strength in business is expected to continue, although the strength in results may be getting priced into the stocks.
Shares of Genuine Parts Company have corrected ahead of the investor day event but may have already hit bottom. The risk is that price action is muted following a heavy down day and has formed a questionable signal. The signal pattern is a Harami, meaning change or continuation. If the market can not hold the current level, a move to $148 or lower is possible. If support is confirmed at this level, shares of GPC should trend sideways in consolidation until more news is available.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Autoparts Retailers Have Strong Q1, Affirm GPC Targets Auto parts retailers like Autozone (NYSE: AZO), Advance Auto Parts (NYSE: AAP), and O’Reilly Automotive (NYSE: ORLY) all released q1 reports that back up the outlook for GPC. Genuine Parts Company (NYSE: GPC) is hosting an investor day event, and the pre-event press release already excites the analysts. "We are building on our strong momentum and investing in our businesses to create value and unlock the power of One GPC," said Paul Donahue, Chairman and Chief Executive Officer.
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Autoparts Retailers Have Strong Q1, Affirm GPC Targets Auto parts retailers like Autozone (NYSE: AZO), Advance Auto Parts (NYSE: AAP), and O’Reilly Automotive (NYSE: ORLY) all released q1 reports that back up the outlook for GPC. Genuine Parts Company (NYSE: GPC) is hosting an investor day event, and the pre-event press release already excites the analysts. Shares of Genuine Parts Company have corrected ahead of the investor day event but may have already hit bottom.
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Autoparts Retailers Have Strong Q1, Affirm GPC Targets Auto parts retailers like Autozone (NYSE: AZO), Advance Auto Parts (NYSE: AAP), and O’Reilly Automotive (NYSE: ORLY) all released q1 reports that back up the outlook for GPC. “In addition, we believe same-SKU inflation will likely surprise to the upside in ’23, providing incremental upside sales potential.” The consensus is a Hold, weakening ahead of the release despite upward pressure in the price target. Assuming the analysts continue to up their targets and ratings due to the new guidance, we can assume the Hold rating will firm, and the price target will continue to support the price action.
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Autoparts Retailers Have Strong Q1, Affirm GPC Targets Auto parts retailers like Autozone (NYSE: AZO), Advance Auto Parts (NYSE: AAP), and O’Reilly Automotive (NYSE: ORLY) all released q1 reports that back up the outlook for GPC. Genuine Parts Company (NYSE: GPC) is hosting an investor day event, and the pre-event press release already excites the analysts. That’s about 20% above the pre-announcement price and well above the consensus target.
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10788.0
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2023-03-24 00:00:00 UTC
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Advance Auto Parts, The Case For Upside and Dividends
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-the-case-for-upside-and-dividends
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nan
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nan
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Most consumers looking for a new vehicle have come to the dire realization that there are no new cars available anywhere. This trend began in 2022 with the closing of semiconductor foundries worldwide due to COVID lockdowns, which had a massive trickle-down effect on various industries, including the automotive market, particularly for new vehicles. The cheap money brought to the markets via rock-bottom interest rates and incentives at dealerships to acquire new cars left car dealership management holding onto a common behavioral error - the hotshot fallacy.
The belief that whatever has been going on for some time will continue into the future led most new car dealerships to mismanage new orders and existing inventory, assuming that the profit machines would keep churning. However, many are now realizing what a big mistake that was. With no new cars available, most consumers are left with no option but to turn to the used car market for a solution.
Chaos is around the corner from opportunity
As used car dealers such as Carvana (NYSE: CVNA) also seemed to have mismanaged their inventory, experiencing impairments on used cars held in inventory due to consumers finally backing down. As consumers traded in their older cars for relatively newer used ones, priorities for aftermarket parts took a back seat, since most used car dealerships get rid of their inventory after safety, quality, and sometimes certification inspections.
This may be one of the reasons why Advance Auto Parts (NYSE: AAP) saw their comparable store sales - a major growth/cycle indicator in the retail sector - contract from 10.7% in 2021 to only 0.30% in 2022. Comparable store sales are an important metric, as companies can open as many stores as they like in a year, but what really matters for the company's overall growth is how much each existing store is selling compared to the previous year. In the case of Advance, 2022 did not paint a pretty picture.
However, an interesting pivot took place towards the end of the year, as financing costs rose to levels that made would-be car buyers stop and think again about their new purchase. Rising interest rates, along with bottleneck inventories, placed new car dealerships in a position to take advantage of consumer needs for new vehicles as they are now applying markups to their existing inventory and enjoying an average yield of 10.2% on their issued car notes.
Rising costs for new cars, along with slowing demand for used cars, have affected recent used car buyers by launching a new wave of negative equity positions, where consumers owe more than the vehicle is currently worth. Being "underwater" on a car will make it more likely for this population to hang onto their vehicles to pay them off over time. However, this also means they may be more hesitant to make necessary repairs or apply necessary parts before they are due.
While connecting these dots may be somewhat speculative, it would be nice to think that this is the case, given that the fourth quarter of 2022 saw resilient operating margins of 5.3%, which is higher than the 4.7% seen a year prior, $100 million USD more in revenue, and higher income margins at 8.8% compared to 7.4% in 2021.
Investors may be in for supportive tailwinds
Higher margins were brought to Advance by their Capital Expenditure (CAPEX) investments into their IT departments which are focused on cooking up better inventory management systems and supply chain optimization measures. This way the company can time their inventory purchases and working capital cycles to maximize margins, liquidity and ultimately free cash flow available to investors via dividends and share buybacks.
In fact, the company bought back around 3.8 million shares in 2022. Assuming management shares the point of view that these shares were undervalued, this would be a great push for investors to join forces with management in battling the bears. It appears that some big fund managers have followed suit by adding to their positions at these fresh 52-week low prices.
Management has provided positive guidance for the year ahead, stating net sales ranges between $11.4 and $11.6 billion USD, implying a 2.2% to 4.0% growth in sales, which is not far from historical reality. Comparable store sales (an important retail metric) are expected to be in the 1-3% range, also within historical models, with operating margins expected to come in at their highest levels yet of 7.8% to 8.2%, mainly due to the ROI from investing in inventory management systems and supply chain optimization.
If projected accurately, all of this would lead to diluted earnings per share of $10.20 to $11.20, placing the stock currently at a 9.9x to 10.9x P/E ratio, which is the lowest valuation since 2012.
If waiting for the eventual rally up to consensus valuations turns out to be longer than expected, investors can also sit tight on a relatively safe 5% dividend yield at these discount prices.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This may be one of the reasons why Advance Auto Parts (NYSE: AAP) saw their comparable store sales - a major growth/cycle indicator in the retail sector - contract from 10.7% in 2021 to only 0.30% in 2022. This trend began in 2022 with the closing of semiconductor foundries worldwide due to COVID lockdowns, which had a massive trickle-down effect on various industries, including the automotive market, particularly for new vehicles. Investors may be in for supportive tailwinds Higher margins were brought to Advance by their Capital Expenditure (CAPEX) investments into their IT departments which are focused on cooking up better inventory management systems and supply chain optimization measures.
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This may be one of the reasons why Advance Auto Parts (NYSE: AAP) saw their comparable store sales - a major growth/cycle indicator in the retail sector - contract from 10.7% in 2021 to only 0.30% in 2022. The cheap money brought to the markets via rock-bottom interest rates and incentives at dealerships to acquire new cars left car dealership management holding onto a common behavioral error - the hotshot fallacy. Investors may be in for supportive tailwinds Higher margins were brought to Advance by their Capital Expenditure (CAPEX) investments into their IT departments which are focused on cooking up better inventory management systems and supply chain optimization measures.
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This may be one of the reasons why Advance Auto Parts (NYSE: AAP) saw their comparable store sales - a major growth/cycle indicator in the retail sector - contract from 10.7% in 2021 to only 0.30% in 2022. Chaos is around the corner from opportunity As used car dealers such as Carvana (NYSE: CVNA) also seemed to have mismanaged their inventory, experiencing impairments on used cars held in inventory due to consumers finally backing down. Rising interest rates, along with bottleneck inventories, placed new car dealerships in a position to take advantage of consumer needs for new vehicles as they are now applying markups to their existing inventory and enjoying an average yield of 10.2% on their issued car notes.
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This may be one of the reasons why Advance Auto Parts (NYSE: AAP) saw their comparable store sales - a major growth/cycle indicator in the retail sector - contract from 10.7% in 2021 to only 0.30% in 2022. Rising interest rates, along with bottleneck inventories, placed new car dealerships in a position to take advantage of consumer needs for new vehicles as they are now applying markups to their existing inventory and enjoying an average yield of 10.2% on their issued car notes. Rising costs for new cars, along with slowing demand for used cars, have affected recent used car buyers by launching a new wave of negative equity positions, where consumers owe more than the vehicle is currently worth.
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10789.0
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2023-03-22 00:00:00 UTC
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Advance Auto Parts Inc Shares Fall 2.1% Below Previous 52-Week Low - Market Mover
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-shares-fall-2.1-below-previous-52-week-low-market-mover
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nan
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nan
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Advance Auto Parts Inc (AAP) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $6B. The stock is currently down 22.7% year-to-date, down 44.2% over the past 12 months, and up 8.3% over the past five years. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 1.1%.
Trading Activity
Trading volume this week was 4.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by 315.4%
The company's stock price performance over the past 12 months lags the peer average by -2344.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -137.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (AAP) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $6B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 315.4% The company's stock price performance over the past 12 months lags the peer average by -2344.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -137.5% higher than the average peer.
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Advance Auto Parts Inc (AAP) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $6B. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 1.1%. Trading Activity Trading volume this week was 4.5% higher than the 20-day average.
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Advance Auto Parts Inc (AAP) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $6B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 315.4% The company's stock price performance over the past 12 months lags the peer average by -2344.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -137.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Advance Auto Parts Inc (AAP) shares closed 2.1% lower than its previous 52 week low, giving the company a market cap of $6B. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 1.1%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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10790.0
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2023-03-22 00:00:00 UTC
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Interesting AAP Put And Call Options For August 18th
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AAP
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https://www.nasdaq.com/articles/interesting-aap-put-and-call-options-for-august-18th
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the August 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 149 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new August 18th contracts and identified one put and one call contract of particular interest.
The put contract at the $115.00 strike price has a current bid of $8.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $115.00, but will also collect the premium, putting the cost basis of the shares at $106.40 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $117.73/share today.
Because the $115.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.48% return on the cash commitment, or 18.32% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $115.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $120.00 strike price has a current bid of $8.70. If an investor was to purchase shares of AAP stock at the current price level of $117.73/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $120.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.32% if the stock gets called away at the August 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red:
Considering the fact that the $120.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 7.39% boost of extra return to the investor, or 18.10% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $117.73) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
CKR Historical Stock Prices
RS Options Chain
AKLI Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red: Considering the fact that the $120.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the August 18th expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red: Considering the fact that the $120.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the August 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new August 18th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red: Considering the fact that the $120.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the August 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new August 18th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAP options chain for the new August 18th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $120.00 strike highlighted in red: Considering the fact that the $120.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options begin trading today, for the August 18th expiration.
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10791.0
|
2023-03-20 00:00:00 UTC
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Advance Auto Parts Inc Shares Fall 12.6% Below Previous 52-Week Low - Market Mover
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-shares-fall-12.6-below-previous-52-week-low-market-mover
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nan
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nan
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Advance Auto Parts Inc (AAP) shares closed 12.6% lower than its previous 52 week low, giving the company a market cap of $8B. The stock is currently down 5.8% year-to-date, down 30.6% over the past 12 months, and up 27.1% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%.
Trading Activity
Trading volume this week was 8.5% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -256.2%
The company's stock price performance over the past 12 months lags the peer average by -379.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (AAP) shares closed 12.6% lower than its previous 52 week low, giving the company a market cap of $8B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
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Advance Auto Parts Inc (AAP) shares closed 12.6% lower than its previous 52 week low, giving the company a market cap of $8B. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
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Advance Auto Parts Inc (AAP) shares closed 12.6% lower than its previous 52 week low, giving the company a market cap of $8B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer. This story was produced by the Kwhen Automated News Generator.
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Advance Auto Parts Inc (AAP) shares closed 12.6% lower than its previous 52 week low, giving the company a market cap of $8B. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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10792.0
|
2023-03-20 00:00:00 UTC
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Monday Sector Laggards: Services, Utilities
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AAP
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https://www.nasdaq.com/articles/monday-sector-laggards%3A-services-utilities
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nan
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nan
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Looking at the sectors faring worst as of midday Monday, shares of Services companies are underperforming other sectors, higher by 0.7%. Within that group, Amazon.com Inc (Symbol: AMZN) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 2.4% and 1.3%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.1% on the day, and up 7.78% year-to-date. Amazon.com Inc, meanwhile, is up 12.55% year-to-date, and Advance Auto Parts Inc, is down 22.23% year-to-date. Combined, AMZN and AAP make up approximately 14.8% of the underlying holdings of IYC.
The next worst performing sector is the Utilities sector, higher by 0.7%. Among large Utilities stocks, Exelon Corp (Symbol: EXC) and WEC Energy Group Inc (Symbol: WEC) are the most notable, showing a loss of 0.4% and 0.3%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.3% in midday trading, and down 5.30% on a year-to-date basis. Exelon Corp, meanwhile, is down 1.89% year-to-date, and WEC Energy Group Inc is up 0.63% year-to-date. Combined, EXC and WEC make up approximately 7.4% of the underlying holdings of XLU.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, nine sectors are up on the day, while none of the sectors are down.
SECTOR % CHANGE
Energy +2.2%
Materials +1.8%
Financial +1.1%
Consumer Products +0.9%
Healthcare +0.9%
Industrial +0.9%
Technology & Communications +0.8%
Services +0.7%
Utilities +0.7%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
Top Ten Hedge Funds Holding PLCM
Institutional Holders of IBHI
GPRK shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, AMZN and AAP make up approximately 14.8% of the underlying holdings of IYC. Within that group, Amazon.com Inc (Symbol: AMZN) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 2.4% and 1.3%, respectively. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday.
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Within that group, Amazon.com Inc (Symbol: AMZN) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 2.4% and 1.3%, respectively. Combined, AMZN and AAP make up approximately 14.8% of the underlying holdings of IYC. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.1% on the day, and up 7.78% year-to-date.
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Within that group, Amazon.com Inc (Symbol: AMZN) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 2.4% and 1.3%, respectively. Combined, AMZN and AAP make up approximately 14.8% of the underlying holdings of IYC. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.1% on the day, and up 7.78% year-to-date.
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Within that group, Amazon.com Inc (Symbol: AMZN) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks that are lagging, showing a loss of 2.4% and 1.3%, respectively. Combined, AMZN and AAP make up approximately 14.8% of the underlying holdings of IYC. Looking at the sectors faring worst as of midday Monday, shares of Services companies are underperforming other sectors, higher by 0.7%.
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10793.0
|
2023-03-16 00:00:00 UTC
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Advance Auto Parts Inc Shares Fall 12.8% Below Previous 52-Week Low - Market Mover
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-shares-fall-12.8-below-previous-52-week-low-market-mover
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nan
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nan
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Advance Auto Parts Inc (AAP) shares closed 12.8% lower than its previous 52 week low, giving the company a market cap of $8B. The stock is currently down 5.8% year-to-date, down 30.6% over the past 12 months, and up 27.1% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%.
Trading Activity
Trading volume this week was 5.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -256.2%
The company's stock price performance over the past 12 months lags the peer average by -379.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (AAP) shares closed 12.8% lower than its previous 52 week low, giving the company a market cap of $8B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
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Advance Auto Parts Inc (AAP) shares closed 12.8% lower than its previous 52 week low, giving the company a market cap of $8B. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
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Advance Auto Parts Inc (AAP) shares closed 12.8% lower than its previous 52 week low, giving the company a market cap of $8B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer. This story was produced by the Kwhen Automated News Generator.
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Advance Auto Parts Inc (AAP) shares closed 12.8% lower than its previous 52 week low, giving the company a market cap of $8B. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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10794.0
|
2023-03-15 00:00:00 UTC
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Advance Auto Parts Inc Shares Fall 10.9% Below Previous 52-Week Low - Market Mover
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-shares-fall-10.9-below-previous-52-week-low-market-mover
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nan
|
nan
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Advance Auto Parts Inc (AAP) shares closed 10.9% lower than its previous 52 week low, giving the company a market cap of $8B. The stock is currently down 5.8% year-to-date, down 30.6% over the past 12 months, and up 27.1% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%.
Trading Activity
Trading volume this week was 3.7% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -256.2%
The company's stock price performance over the past 12 months lags the peer average by -379.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc (AAP) shares closed 10.9% lower than its previous 52 week low, giving the company a market cap of $8B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
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Advance Auto Parts Inc (AAP) shares closed 10.9% lower than its previous 52 week low, giving the company a market cap of $8B. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer.
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Advance Auto Parts Inc (AAP) shares closed 10.9% lower than its previous 52 week low, giving the company a market cap of $8B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -256.2% The company's stock price performance over the past 12 months lags the peer average by -379.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -93.8% lower than the average peer. This story was produced by the Kwhen Automated News Generator.
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Advance Auto Parts Inc (AAP) shares closed 10.9% lower than its previous 52 week low, giving the company a market cap of $8B. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.0%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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10795.0
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2023-03-14 00:00:00 UTC
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Argus Research Downgrades Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/argus-research-downgrades-advance-auto-parts-aap
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nan
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nan
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On March 13, 2023, Argus Research downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Hold.
Analyst Price Forecast Suggests 25.84% Upside
As of March 14, 2023, the average one-year price target for Advance Auto Parts is $156.49. The forecasts range from a low of $106.05 to a high of $189.00. The average price target represents an increase of 25.84% from its latest reported closing price of $124.36.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advance Auto Parts is $11,502MM, an increase of 3.11%. The projected annual non-GAAP EPS is $13.56.
Advance Auto Parts Declares $1.50 Dividend
On February 21, 2023 the company declared a regular quarterly dividend of $1.50 per share ($6.00 annualized). Shareholders of record as of April 14, 2023 will receive the payment on April 28, 2023. Previously, the company paid $1.50 per share.
At the current share price of $124.36 / share, the stock's dividend yield is 4.82%. Looking back five years and taking a sample every week, the average dividend yield has been 1.19%, the lowest has been 0.13%, and the highest has been 4.82%. The standard deviation of yields is 1.27 (n=237).
The current dividend yield is 2.87 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.70. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 5.00%, demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
Jpmorgan Chase & holds 3,394K shares representing 5.76% ownership of the company. No change in the last quarter.
Clearbridge Investments holds 2,555K shares representing 4.34% ownership of the company. In it's prior filing, the firm reported owning 3,044K shares, representing a decrease of 19.12%. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
HLIEX - JPMorgan Equity Income Fund Class I holds 2,451K shares representing 4.16% ownership of the company. In it's prior filing, the firm reported owning 2,284K shares, representing an increase of 6.78%. The firm decreased its portfolio allocation in AAP by 10.17% over the last quarter.
Barrow Hanley Mewhinney & Strauss holds 2,231K shares representing 3.79% ownership of the company. In it's prior filing, the firm reported owning 2,980K shares, representing a decrease of 33.56%. The firm decreased its portfolio allocation in AAP by 73.18% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,799K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 1,790K shares, representing an increase of 0.50%. The firm decreased its portfolio allocation in AAP by 12.72% over the last quarter.
What is the Fund Sentiment?
There are 1340 funds or institutions reporting positions in Advance Auto Parts. This is an increase of 12 owner(s) or 0.90% in the last quarter. Average portfolio weight of all funds dedicated to AAP is 0.22%, a decrease of 8.86%. Total shares owned by institutions decreased in the last three months by 4.16% to 67,000K shares. The put/call ratio of AAP is 0.92, indicating a bullish outlook.
Advance Auto Parts Background Information
(This description is provided by the company.)
Advance Auto Parts, Inc., is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 3, 2020, Advance operated 4,811 stores and 168 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,269 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On March 13, 2023, Argus Research downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Hold. The projected annual non-GAAP EPS is $13.56. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
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On March 13, 2023, Argus Research downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Hold. The projected annual non-GAAP EPS is $13.56. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
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On March 13, 2023, Argus Research downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Hold. The projected annual non-GAAP EPS is $13.56. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
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On March 13, 2023, Argus Research downgraded their outlook for Advance Auto Parts (NYSE:AAP) from Buy to Hold. The projected annual non-GAAP EPS is $13.56. The firm decreased its portfolio allocation in AAP by 99.92% over the last quarter.
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10796.0
|
2023-03-03 00:00:00 UTC
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New Strong Sell Stocks for March 3rd
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AAP
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-march-3rd-0
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nan
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nan
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Advance Auto Parts AAP is primarily engaged in selling replacement parts (excluding tires), accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. The Zacks Consensus Estimate for its current year earnings has been revised 15.5% downward over the last 60 days.
Air Transport Services Group ATSG is a leading provider of aircraft leasing, and air cargo transportation and related services, globally. The Zacks Consensus Estimate for its current year earnings has been revised 13.7% downward over the last 60 days.
Arco Platform ARCE is a technology company in the education sector that provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The Zacks Consensus Estimate for its current year earnings has been revised almost 9.5% downward over the last 60 days.
View the entire Zacks Rank #5 List.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report
Arco Platform Limited (ARCE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Advance Auto Parts AAP is primarily engaged in selling replacement parts (excluding tires), accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report Arco Platform Limited (ARCE) : Free Stock Analysis Report To read this article on Zacks.com click here. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Advance Auto Parts AAP is primarily engaged in selling replacement parts (excluding tires), accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report Arco Platform Limited (ARCE) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 15.5% downward over the last 60 days.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report Arco Platform Limited (ARCE) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Advance Auto Parts AAP is primarily engaged in selling replacement parts (excluding tires), accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. The Zacks Consensus Estimate for its current year earnings has been revised 15.5% downward over the last 60 days.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report Arco Platform Limited (ARCE) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Advance Auto Parts AAP is primarily engaged in selling replacement parts (excluding tires), accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. View the entire Zacks Rank #5 List.
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10797.0
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2023-03-02 00:00:00 UTC
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Noteworthy Thursday Option Activity: AAP, UPST, TWLO
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AAP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-aap-upst-twlo
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 8,118 contracts have traded so far, representing approximately 811,800 underlying shares. That amounts to about 59.3% of AAP's average daily trading volume over the past month of 1.4 million shares. Especially high volume was seen for the $139 strike put option expiring March 03, 2023, with 1,872 contracts trading so far today, representing approximately 187,200 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $139 strike highlighted in orange:
Upstart Holdings Inc (Symbol: UPST) saw options trading volume of 49,009 contracts, representing approximately 4.9 million underlying shares or approximately 59.2% of UPST's average daily trading volume over the past month, of 8.3 million shares. Particularly high volume was seen for the $16.50 strike put option expiring March 03, 2023, with 4,514 contracts trading so far today, representing approximately 451,400 underlying shares of UPST. Below is a chart showing UPST's trailing twelve month trading history, with the $16.50 strike highlighted in orange:
And Twilio Inc (Symbol: TWLO) options are showing a volume of 36,215 contracts thus far today. That number of contracts represents approximately 3.6 million underlying shares, working out to a sizeable 57.6% of TWLO's average daily trading volume over the past month, of 6.3 million shares. Particularly high volume was seen for the $55 strike put option expiring April 21, 2023, with 5,822 contracts trading so far today, representing approximately 582,200 underlying shares of TWLO. Below is a chart showing TWLO's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for AAP options, UPST options, or TWLO options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
RC Insider Buying
SLGN Stock Predictions
TNDM Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $139 strike put option expiring March 03, 2023, with 1,872 contracts trading so far today, representing approximately 187,200 underlying shares of AAP. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 8,118 contracts have traded so far, representing approximately 811,800 underlying shares. That amounts to about 59.3% of AAP's average daily trading volume over the past month of 1.4 million shares.
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Especially high volume was seen for the $139 strike put option expiring March 03, 2023, with 1,872 contracts trading so far today, representing approximately 187,200 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $139 strike highlighted in orange: Upstart Holdings Inc (Symbol: UPST) saw options trading volume of 49,009 contracts, representing approximately 4.9 million underlying shares or approximately 59.2% of UPST's average daily trading volume over the past month, of 8.3 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 8,118 contracts have traded so far, representing approximately 811,800 underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 8,118 contracts have traded so far, representing approximately 811,800 underlying shares. Especially high volume was seen for the $139 strike put option expiring March 03, 2023, with 1,872 contracts trading so far today, representing approximately 187,200 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $139 strike highlighted in orange: Upstart Holdings Inc (Symbol: UPST) saw options trading volume of 49,009 contracts, representing approximately 4.9 million underlying shares or approximately 59.2% of UPST's average daily trading volume over the past month, of 8.3 million shares.
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Especially high volume was seen for the $139 strike put option expiring March 03, 2023, with 1,872 contracts trading so far today, representing approximately 187,200 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $139 strike highlighted in orange: Upstart Holdings Inc (Symbol: UPST) saw options trading volume of 49,009 contracts, representing approximately 4.9 million underlying shares or approximately 59.2% of UPST's average daily trading volume over the past month, of 8.3 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advance Auto Parts Inc (Symbol: AAP), where a total of 8,118 contracts have traded so far, representing approximately 811,800 underlying shares.
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10798.0
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2023-03-01 00:00:00 UTC
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Wednesday Sector Laggards: Utilities, Services
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AAP
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https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-utilities-services-0
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nan
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nan
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In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 1.8% loss. Within that group, Public Service Enterprise Group Inc (Symbol: PEG) and Alliant Energy Corp (Symbol: LNT) are two large stocks that are lagging, showing a loss of 2.8% and 2.7%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.8% on the day, and down 9.48% year-to-date. Public Service Enterprise Group Inc, meanwhile, is down 5.32% year-to-date, and Alliant Energy Corp, is down 9.08% year-to-date. Combined, PEG and LNT make up approximately 4.5% of the underlying holdings of XLU.
The next worst performing sector is the Services sector, showing a 0.8% loss. Among large Services stocks, Lowe's Companies Inc (Symbol: LOW) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 6.7% and 5.0%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.3% in midday trading, and up 10.03% on a year-to-date basis. Lowe's Companies Inc, meanwhile, is down 3.02% year-to-date, and Advance Auto Parts Inc, is down 9.12% year-to-date. Combined, LOW and AAP make up approximately 2.7% of the underlying holdings of IYC.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, two sectors are up on the day, while seven sectors are down.
SECTOR % CHANGE
Energy +1.8%
Materials +0.7%
Industrial -0.1%
Healthcare -0.3%
Technology & Communications -0.4%
Consumer Products -0.7%
Services -0.8%
Financial -0.8%
Utilities -1.8%
25 Dividend Giants Widely Held By ETFs »
Also see:
Top Stocks Held By Paul Singer
Funds Holding EMFT
SITM Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among large Services stocks, Lowe's Companies Inc (Symbol: LOW) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 6.7% and 5.0%, respectively. Combined, LOW and AAP make up approximately 2.7% of the underlying holdings of IYC. In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 1.8% loss.
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Among large Services stocks, Lowe's Companies Inc (Symbol: LOW) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 6.7% and 5.0%, respectively. Combined, LOW and AAP make up approximately 2.7% of the underlying holdings of IYC. In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 1.8% loss.
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Among large Services stocks, Lowe's Companies Inc (Symbol: LOW) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 6.7% and 5.0%, respectively. Combined, LOW and AAP make up approximately 2.7% of the underlying holdings of IYC. Within that group, Public Service Enterprise Group Inc (Symbol: PEG) and Alliant Energy Corp (Symbol: LNT) are two large stocks that are lagging, showing a loss of 2.8% and 2.7%, respectively.
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Among large Services stocks, Lowe's Companies Inc (Symbol: LOW) and Advance Auto Parts Inc (Symbol: AAP) are the most notable, showing a loss of 6.7% and 5.0%, respectively. Combined, LOW and AAP make up approximately 2.7% of the underlying holdings of IYC. In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 1.8% loss.
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10799.0
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2023-03-01 00:00:00 UTC
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Advance Auto's (AAP) Q4 Earnings Beat, Revenues Increase Y/Y
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AAP
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https://www.nasdaq.com/articles/advance-autos-aap-q4-earnings-beat-revenues-increase-y-y
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nan
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nan
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.88 per share for fourth-quarter 2022, an increase of 39.1% from the year-ago quarter figure. The reported figure outpaced the Zacks Consensus Estimate of $2.41 a share. Advance Auto generated net revenues of $2,474 million, surpassing the Zacks Consensus Estimate of $2,422 million and increasing 3.2% from the year-ago reported figure.
Comparable store sales increased 2.1%. Adjusted operating income increased 23.6% year over year to $218.5 million. Adjusted SG&A expenses totaled $942.5 million for fourth-quarter 2022, down 0.4% year over year.
Advance Auto Parts, Inc. Price, Consensus and EPS Surprise
Advance Auto Parts, Inc. price-consensus-eps-surprise-chart | Advance Auto Parts, Inc. Quote
Financial Position
Advance Auto had cash and cash equivalents of $269.3 million as of Dec 31, 2022 compared with $601.4 million on Jan 1, 2022. Total long-term debt was $1,188.3 million as of Dec 31, 2022, up from $1,034.3 million on Jan 1, 2022. Year to date, net cash provided by operating activities and FCF totaled $722.2 million and $298.2 million, respectively.
Dividend & Share Repurchase
AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023.
During the quarter under discussion, AAP repurchased around 0.5 million shares for $75 million at an average price of $150 per share. At the end of fourth-quarter 2022, AAP had $947.3 million remaining under its share repurchase program.
Store Update
As of Dec 31, 2022, AAP operated 4,770 stores and 316 Worldpac branches in the United States, Canada, Puerto Rico and U.S. Virgin Islands. It also served 1,311 independently-owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean Islands.
2023 Guidance
Advance Auto estimates 2023 net sales in the band of $11.4-$11.6 billion. Comparable store sales are envisioned to range between 1%-3%. Adjusted operating income margin is envisioned in the range of 7.8%-8.2%. Advance Auto expects its 2023 capex to be in the range of $300-$350 million. The company targets a minimum FCF of $400 million. Diluted EPS is forecast between $10.2 and $11.2. It aims to open 60 to 80 new stores this year.
Zacks Rank & Key Picks
AAP currently has a Zacks Rank #5 (Strong Sell).
A few top-ranked players in the auto space include Bayerische Motoren Werke BAMXF, Wabash National WNC and Modine Manufacturing MOD, all sporting a Zacks Rank #1 (Strong Buy).
Bayerische is a multi-brand automobile manufacturer that focuses on the premium segments of the worldwide automobile and motorcycle markets and has three brands: BMW, MINI and Rolls-Royce. The Zacks Consensus Estimate for BAMXF’s 2023 sales implies year-over-year growth of 1.88%.
Wabash is one of the leading manufacturers of semi-trailers in North America. The Zacks Consensus Estimates for WNC’s 2023 sales and earnings imply year-over-year growth of 13.06% and 24%, respectively.
Modine operates primarily in a single industry consisting of the manufacture and sale of heat transfer equipment. The Zacks Consensus Estimates for MOD’s 2023 sales and earnings imply year-over-year growth of 11.43% and 43.09%, respectively.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
Wabash National Corporation (WNC) : Free Stock Analysis Report
Modine Manufacturing Company (MOD) : Free Stock Analysis Report
Bayerische Motoren Werke AG (BAMXF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.88 per share for fourth-quarter 2022, an increase of 39.1% from the year-ago quarter figure. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023. During the quarter under discussion, AAP repurchased around 0.5 million shares for $75 million at an average price of $150 per share.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Wabash National Corporation (WNC) : Free Stock Analysis Report Modine Manufacturing Company (MOD) : Free Stock Analysis Report Bayerische Motoren Werke AG (BAMXF) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.88 per share for fourth-quarter 2022, an increase of 39.1% from the year-ago quarter figure. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023.
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Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Wabash National Corporation (WNC) : Free Stock Analysis Report Modine Manufacturing Company (MOD) : Free Stock Analysis Report Bayerische Motoren Werke AG (BAMXF) : Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.88 per share for fourth-quarter 2022, an increase of 39.1% from the year-ago quarter figure. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023.
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Advance Auto Parts, Inc. AAP reported adjusted earnings of $2.88 per share for fourth-quarter 2022, an increase of 39.1% from the year-ago quarter figure. Dividend & Share Repurchase AAP’s board declared a cash dividend of $1.50 per share, which would be paid out on Apr 28, 2023, to all common shareholders of record as of Apr 14, 2023. During the quarter under discussion, AAP repurchased around 0.5 million shares for $75 million at an average price of $150 per share.
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