US Auto Parts Network, Inc. (NASDAQ:PRTS) Given a $4.00 Price Target by Roth Capital Analysts

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Roth Capital set a $4.00 target price on U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) in a research report report published on Thursday morning. The brokerage currently has a buy rating on the specialty retailer’s stock.

Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of U.S. Auto Parts Network from a strong sell rating to a hold rating in a research note on Wednesday, July 12th. ValuEngine downgraded shares of U.S. Auto Parts Network from a hold rating to a sell rating in a research note on Friday, June 2nd.

Shares of U.S. Auto Parts Network (PRTS) traded down 3.28% during midday trading on Thursday, hitting $2.65. The company’s stock had a trading volume of 68,504 shares. U.S. Auto Parts Network has a 52-week low of $2.40 and a 52-week high of $4.35. The firm’s market cap is $91.45 million. The stock’s 50 day moving average is $2.94 and its 200-day moving average is $3.25.

U.S. Auto Parts Network (NASDAQ:PRTS) last issued its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $80.21 million during the quarter, compared to the consensus estimate of $79.23 million. U.S. Auto Parts Network had a negative net margin of 0.09% and a positive return on equity of 6.07%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. Equities analysts predict that U.S. Auto Parts Network will post $0.09 EPS for the current fiscal year.

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U.S. Auto Parts Network declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 17th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the specialty retailer to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Several institutional investors have recently modified their holdings of PRTS. Dimensional Fund Advisors LP increased its position in shares of U.S. Auto Parts Network by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 724,630 shares of the specialty retailer’s stock valued at $2,341,000 after buying an additional 131,388 shares during the period. Vanguard Group Inc. increased its position in shares of U.S. Auto Parts Network by 8.7% in the second quarter. Vanguard Group Inc. now owns 540,646 shares of the specialty retailer’s stock valued at $1,746,000 after buying an additional 43,193 shares during the period. Northern Trust Corp increased its position in shares of U.S. Auto Parts Network by 47.4% in the second quarter. Northern Trust Corp now owns 44,015 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 14,163 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of U.S. Auto Parts Network during the second quarter valued at approximately $116,000. Finally, Uniplan Investment Counsel Inc. purchased a new position in shares of U.S. Auto Parts Network during the second quarter valued at approximately $2,870,000. 69.01% of the stock is owned by hedge funds and other institutional investors.

U.S. Auto Parts Network Company Profile

U.S. Auto Parts Network, Inc is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.

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