U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) has been assigned a $5.00 price target by equities research analysts at Roth Capital in a research report issued to clients and investors on Tuesday, August 1st. The firm currently has a “buy” rating on the specialty retailer’s stock. Roth Capital’s target price would indicate a potential upside of 88.68% from the stock’s current price.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. ValuEngine lowered 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) opened at 2.65 on Tuesday. The stock’s market cap is $91.45 million. U.S. Auto Parts Network has a 12 month low of $2.40 and a 12 month high of $4.35. The firm’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 posted its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $80.21 million during the quarter, compared to analyst estimates of $79.23 million. U.S. Auto Parts Network had a net margin of 8.41% and a return on equity of 6.64%. U.S. Auto Parts Network’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. On average, equities analysts predict that U.S. Auto Parts Network will post $0.09 EPS for the current year.
U.S. Auto Parts Network announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 17th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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Several hedge funds have recently modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of U.S. Auto Parts Network during the second quarter worth about $116,000. Globeflex Capital L P raised its stake in shares of U.S. Auto Parts Network by 17,850.9% in the first quarter. Globeflex Capital L P now owns 40,928 shares of the specialty retailer’s stock worth $137,000 after buying an additional 40,700 shares in the last quarter. Northern Trust Corp raised its stake 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 worth $142,000 after buying an additional 14,163 shares in the last quarter. TFS Capital LLC raised its stake in shares of U.S. Auto Parts Network by 169.9% in the first quarter. TFS Capital LLC now owns 48,172 shares of the specialty retailer’s stock worth $161,000 after buying an additional 30,324 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of U.S. Auto Parts Network during the second quarter worth about $233,000. 69.01% of the stock is owned by hedge funds and other institutional investors.
About U.S. Auto Parts Network
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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