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Advance Auto Parts (NYSE:AAP) hit a new 52-week high during mid-day trading on Thursday , Stock Ratings News reports. The stock traded as high as $139.58 and last traded at $138.56, with a volume of 184,282 shares traded. The stock had previously closed at $138.30.

A number of research firms have recently commented on AAP. Analysts at SunTrust initiated coverage on shares of Advance Auto Parts in a research note on Wednesday, August 27th. They set a “buy” rating and a $180.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $141.85.

The stock’s 50-day moving average is $129.1 and its 200-day moving average is $126.3. The company has a market cap of $10.084 billion and a P/E ratio of 23.09.

Advance Auto Parts (NYSE:AAP) last announced its earnings results 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 $7.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Shareholders 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 0.17%. 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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