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Shares of Advance Auto Parts (NYSE:AAP) reached a new 52-week high on Thursday , American Banking News reports. The company traded as high as $130.51 and last traded at $128.22, with a volume of 301,877 shares traded. The stock had previously closed at $129.72.

AAP has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Advance Auto Parts in a research note on Monday, May 19th. They now have a $146.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Advance Auto Parts in a research note on Friday, May 16th. They now have a $125.00 price target on the stock, up previously from $120.00. Finally, analysts at RBC Capital raised their price target on shares of Advance Auto Parts from $148.00 to $149.00 in a research note on Friday, May 9th. They now have a “top pick” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $126.36.

The stock’s 50-day moving average is $123.7 and its 200-day moving average is $119.8. The company has a market cap of $9.388 billion and a P/E ratio of 22.85.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, May 15th. The company reported $2.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.16 by $0.09. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.96 billion. On average, analysts predict that Advance Auto Parts will post $7.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Monday, June 16th.

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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