Advance Auto Parts Inc (NYSE:AAP) has been assigned an average recommendation of “Hold” from the twenty-six research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $120.65.

A number of brokerages have recently commented on AAP. Zacks Investment Research cut shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $139.00 price objective (down previously from $164.00) on shares of Advance Auto Parts in a research note on Friday, July 21st. Credit Suisse Group reaffirmed an “outperform” rating and set a $135.00 price objective (down previously from $150.00) on shares of Advance Auto Parts in a research note on Monday, July 17th. Wedbush reaffirmed an “outperform” rating on shares of Advance Auto Parts in a research note on Thursday, July 6th. Finally, BidaskClub raised shares of Advance Auto Parts from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st.

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In other news, insider Thomas Greco bought 16,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was bought at an average cost of $134.63 per share, with a total value of $2,154,080.00. Following the transaction, the insider now directly owns 111,030 shares in the company, valued at approximately $14,947,968.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Adriana Karaboutis bought 367 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was purchased at an average cost of $135.28 per share, with a total value of $49,647.76. Following the completion of the transaction, the director now owns 3,043 shares in the company, valued at $411,657.04. The disclosure for this purchase can be found here. Insiders have purchased a total of 369,462 shares of company stock valued at $49,617,073 over the last three months. Corporate insiders own 4.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in Advance Auto Parts by 3.2% in the first quarter. IFP Advisors Inc now owns 767 shares of the company’s stock valued at $114,000 after buying an additional 24 shares in the last quarter. Russell Investments Group Ltd. increased its position in Advance Auto Parts by 74.0% in the first quarter. Russell Investments Group Ltd. now owns 78,081 shares of the company’s stock valued at $11,576,000 after buying an additional 33,212 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Advance Auto Parts by 65.2% in the first quarter. State of New Jersey Common Pension Fund D now owns 29,150 shares of the company’s stock valued at $4,322,000 after buying an additional 11,500 shares in the last quarter. Strs Ohio increased its position in Advance Auto Parts by 0.7% in the first quarter. Strs Ohio now owns 3,955 shares of the company’s stock valued at $586,000 after buying an additional 28 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its position in Advance Auto Parts by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 4,080 shares of the company’s stock valued at $605,000 after buying an additional 476 shares in the last quarter.

Advance Auto Parts (AAP) traded up 0.64% during trading on Tuesday, hitting $95.80. 2,075,160 shares of the company were exchanged. The firm’s 50 day moving average price is $104.46 and its 200-day moving average price is $134.40. Advance Auto Parts has a 1-year low of $82.21 and a 1-year high of $177.83. The stock has a market capitalization of $7.07 billion, a PE ratio of 19.13 and a beta of 0.87.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by $0.07. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company posted $1.90 EPS. Advance Auto Parts’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts predict that Advance Auto Parts will post $5.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Thursday, September 21st. Advance Auto Parts’s payout ratio is 4.80%.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

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