Barrington Research Analysts Give U.S. Auto Parts Network (PRTS) a $5.00 Price Target

Barrington Research set a $5.00 price target on U.S. Auto Parts Network (NASDAQ:PRTS) in a research note published on Monday morning. The brokerage currently has a buy rating on the specialty retailer’s stock.

Other equities analysts have also issued reports about the stock. ValuEngine raised shares of U.S. Auto Parts Network from a hold rating to a buy rating in a research report on Saturday, September 22nd. Zacks Investment Research raised shares of U.S. Auto Parts Network from a sell rating to a hold rating in a research report on Wednesday, August 1st.

Shares of PRTS opened at $1.19 on Monday. The stock has a market capitalization of $49.68 million, a PE ratio of 11.80 and a beta of 1.02. U.S. Auto Parts Network has a fifty-two week low of $1.08 and a fifty-two week high of $2.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.25 and a current ratio of 1.29.



U.S. Auto Parts Network (NASDAQ:PRTS) last issued its quarterly earnings data on Monday, October 29th. The specialty retailer reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The company had revenue of $69.46 million for the quarter, compared to analyst estimates of $71.59 million. U.S. Auto Parts Network had a negative net margin of 1.16% and a positive return on equity of 2.11%. Equities research analysts anticipate that U.S. Auto Parts Network will post -0.02 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in PRTS. Bard Associates Inc. acquired a new position in shares of U.S. Auto Parts Network in the second quarter valued at about $225,000. B. Riley Financial Inc. acquired a new position in shares of U.S. Auto Parts Network in the second quarter valued at about $273,000. Finally, North Star Investment Management Corp. grew its stake in shares of U.S. Auto Parts Network by 3.2% in the second quarter. North Star Investment Management Corp. now owns 1,522,335 shares of the specialty retailer’s stock valued at $2,284,000 after acquiring an additional 47,900 shares in the last quarter. Institutional investors and hedge funds own 44.27% of the company’s stock.

U.S. Auto Parts Network Company Profile

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

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