Advance Auto Parts, Inc. (NYSE:AAP) Declares $0.25 Quarterly Dividend

Advance Auto Parts, Inc. (NYSE:AAPGet Free Report) announced a quarterly dividend on Tuesday, May 21st, Zacks reports. Shareholders of record on Friday, July 12th will be paid a dividend of 0.25 per share on Friday, July 26th. This represents a $1.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, July 12th.

Advance Auto Parts has increased its dividend payment by an average of 38.7% per year over the last three years. Advance Auto Parts has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Advance Auto Parts to earn $4.42 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.6%.

Advance Auto Parts Stock Down 2.4 %

Shares of Advance Auto Parts stock opened at $57.88 on Wednesday. Advance Auto Parts has a 1 year low of $47.73 and a 1 year high of $88.56. The business has a 50-day moving average of $67.38 and a two-hundred day moving average of $69.37. The company has a market capitalization of $3.45 billion, a P/E ratio of 83.89, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 0.29.

Advance Auto Parts (NYSE:AAPGet Free Report) last announced its quarterly earnings results on Wednesday, May 29th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). Advance Auto Parts had a return on equity of 1.59% and a net margin of 0.37%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. As a group, equities analysts predict that Advance Auto Parts will post 3.72 EPS for the current year.

Wall Street Analyst Weigh In

AAP has been the subject of a number of research reports. Truist Financial decreased their price objective on Advance Auto Parts from $70.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Bank of America increased their price objective on Advance Auto Parts from $51.00 to $55.00 and gave the stock an “underperform” rating in a report on Thursday, May 30th. Royal Bank of Canada decreased their price objective on Advance Auto Parts from $68.00 to $65.00 and set a “sector perform” rating for the company in a report on Thursday, May 30th. Evercore ISI decreased their price objective on Advance Auto Parts from $73.00 to $70.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Finally, Wedbush reiterated a “neutral” rating and set a $70.00 price objective on shares of Advance Auto Parts in a report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to, the stock has an average rating of “Hold” and a consensus price target of $63.80.

Get Our Latest Stock Analysis on Advance Auto Parts

Advance Auto Parts Company Profile

(Get Free Report)

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.

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Dividend History for Advance Auto Parts (NYSE:AAP)

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