Advance Auto Parts, Inc. (AAP) Given Consensus Recommendation of “Hold” by Analysts

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have received a consensus rating of “Hold” from the twenty-four brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $104.89.

Several research firms have recently commented on AAP. Oppenheimer reaffirmed a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Advance Auto Parts from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Moffett Nathanson began coverage on shares of Advance Auto Parts in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Jefferies Group dropped their target price on shares of Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, Stephens set a $108.00 target price on shares of Advance Auto Parts and gave the stock a “hold” rating in a research report on Tuesday, January 16th.

Shares of Advance Auto Parts (NYSE:AAP) traded down $3.25 during trading on Tuesday, reaching $106.23. 682,938 shares of the company’s stock were exchanged, compared to its average volume of 1,409,318. Advance Auto Parts has a 1-year low of $78.81 and a 1-year high of $169.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.32 and a current ratio of 1.52. The company has a market cap of $7,880.00, a price-to-earnings ratio of 22.27, a PEG ratio of 1.76 and a beta of 1.14.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.18. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the company posted $1.73 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. sell-side analysts expect that Advance Auto Parts will post 5.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 23rd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.23%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 5.03%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wisconsin Investment Board lifted its position in Advance Auto Parts by 6.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 67,873 shares of the company’s stock valued at $6,733,000 after acquiring an additional 4,066 shares during the period. Tredje AP fonden purchased a new position in Advance Auto Parts during the 3rd quarter valued at about $1,395,000. FMR LLC lifted its position in Advance Auto Parts by 40.8% during the 2nd quarter. FMR LLC now owns 347,642 shares of the company’s stock valued at $40,533,000 after acquiring an additional 100,708 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Advance Auto Parts during the 3rd quarter valued at about $16,576,000. Finally, Shell Asset Management Co. lifted its position in Advance Auto Parts by 412.9% during the 3rd quarter. Shell Asset Management Co. now owns 24,182 shares of the company’s stock valued at $3,151,000 after acquiring an additional 19,467 shares during the period.

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About Advance Auto Parts

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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