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Shares of Advance Auto Parts (NYSE:AAP) reached a new 52-week high during mid-day trading on Monday , Stock Ratings News reports. The company traded as high as $136.96 and last traded at $136.63, with a volume of 257,033 shares traded. The stock had previously closed at $135.41.

A number of analysts have recently weighed in on AAP shares. Analysts at Wolfe Research upgraded shares of Advance Auto Parts from a “market perform” rating to an “outperform” rating in a research note on Monday, August 18th. Separately, analysts at Wedbush raised their price target on shares of Advance Auto Parts from $150.00 to $155.00 in a research note on Friday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Advance Auto Parts from $143.00 to $145.00 in a research note on Friday, August 15th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $138.67.

The stock’s 50-day moving average is $128.4 and its 200-day moving average is $125.5. The company has a market cap of $9.943 billion and a P/E ratio of 22.61.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, August 14th. The company reported $2.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.01 by $0.07. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.32 billion. On average, analysts predict that Advance Auto Parts will post $7.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Friday, September 19th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Wednesday, September 17th.

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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