Advance Auto Parts Inc. (AAP) Plans Quarterly Dividend of $0.06
Advance Auto Parts (NYSE:AAP) declared a quarterly dividend on Friday, February 7th, Analyst Ratings Net reports. Stockholders of record on Friday, March 21st will be given a dividend of 0.06 per share on Friday, April 4th. This represents a $0.24 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 19th.
A number of research firms have recently commented on AAP. Analysts at JPMorgan Chase & Co. raised their price target on shares of Advance Auto Parts from $135.00 to $138.00 in a research note to investors on Friday. On a related note, analysts at Wedbush raised their price target on shares of Advance Auto Parts from $130.00 to $150.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Advance Auto Parts from $125.00 to $145.00 in a research note to investors on Friday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Advance Auto Parts has an average rating of “Hold” and a consensus price target of $118.50.
Shares of Advance Auto Parts (NYSE:AAP) traded up 0.11% during mid-day trading on Friday, hitting $125.00. 1,697,974 shares of the company’s stock traded hands. Advance Auto Parts has a one year low of $75.62 and a one year high of $127.09. The stock’s 50-day moving average is $113. and its 200-day moving average is $95.70. The company has a market cap of $9.093 billion and a price-to-earnings ratio of 22.60.
Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, February 6th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.16. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Advance Auto Parts will post $7.16 EPS for the current fiscal year.
Advance Auto Parts, Inc (NYSE:AAP) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States.
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