Advance Auto Parts, Inc. (NYSE:AAP) Given Average Rating of “Reduce” by Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has earned an average recommendation of “Reduce” from the twenty-two ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $52.9311.

Several brokerages recently weighed in on AAP. DA Davidson set a $58.00 price target on Advance Auto Parts in a research report on Tuesday, February 17th. Northcoast Research upgraded Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, January 21st. Morgan Stanley set a $60.00 target price on shares of Advance Auto Parts in a report on Tuesday, February 17th. Wells Fargo & Company boosted their target price on shares of Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Finally, Roth Mkm reissued a “neutral” rating and set a $57.00 price target on shares of Advance Auto Parts in a report on Thursday, February 19th.

Hedge Funds Weigh In On Advance Auto Parts

Institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank raised its holdings in Advance Auto Parts by 1.1% in the 3rd quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after purchasing an additional 185 shares during the period. Hsbc Holdings PLC boosted its position in Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after purchasing an additional 191 shares in the last quarter. Arizona State Retirement System grew its holdings in Advance Auto Parts by 1.6% in the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock valued at $1,089,000 after purchasing an additional 272 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Advance Auto Parts by 2.0% in the second quarter. Rockefeller Capital Management L.P. now owns 14,535 shares of the company’s stock valued at $676,000 after buying an additional 283 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Advance Auto Parts by 0.6% in the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock valued at $3,330,000 after buying an additional 297 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

NYSE:AAP opened at $47.02 on Friday. The firm’s fifty day moving average is $50.91 and its two-hundred day moving average is $51.40. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 64.41, a PEG ratio of 0.63 and a beta of 1.11. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75. Advance Auto Parts has a one year low of $28.89 and a one year high of $70.00.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.45. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm posted ($10.16) EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Research analysts expect that Advance Auto Parts will post -0.46 EPS for the current year.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, April 10th. Advance Auto Parts’s dividend payout ratio is presently 136.99%.

About Advance Auto Parts

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.