Advance Auto Parts (NYSE:AAP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Advance Auto Parts, Inc. (NYSE:AAP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $51.80 and traded as high as $59.44. Advance Auto Parts shares last traded at $59.1380, with a volume of 1,301,617 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on AAP. UBS Group lifted their price target on Advance Auto Parts from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. The Goldman Sachs Group increased their price objective on Advance Auto Parts from $49.00 to $54.00 and gave the company a “sell” rating in a report on Friday, May 22nd. Morgan Stanley raised their target price on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Truist Financial lifted their target price on shares of Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 21st. Finally, BMO Capital Markets lifted their target price on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $58.66.

Advance Auto Parts Stock Performance

The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. The stock has a fifty day moving average of $56.87 and a 200-day moving average of $51.80. The stock has a market cap of $3.57 billion, a PE ratio of 82.14, a price-to-earnings-growth ratio of 0.95 and a beta of 1.05.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.38. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, equities analysts forecast that Advance Auto Parts, Inc. will post 2.94 EPS for the current year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Advance Auto Parts’s payout ratio is presently 138.89%.

Institutional Investors Weigh In On Advance Auto Parts

Several large investors have recently modified their holdings of the stock. Glenmede Trust Co. NA acquired a new stake in shares of Advance Auto Parts during the first quarter worth $357,000. Bank of America Corp DE grew its position in Advance Auto Parts by 4.5% in the 1st quarter. Bank of America Corp DE now owns 1,056,281 shares of the company’s stock valued at $55,719,000 after buying an additional 45,696 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Advance Auto Parts by 3.7% in the 1st quarter. Arkadios Wealth Advisors now owns 29,002 shares of the company’s stock valued at $1,530,000 after buying an additional 1,035 shares during the period. Amundi increased its stake in Advance Auto Parts by 37.0% in the 1st quarter. Amundi now owns 10,887 shares of the company’s stock valued at $574,000 after buying an additional 2,943 shares during the period. Finally, California State Teachers Retirement System increased its stake in Advance Auto Parts by 23.0% in the 1st quarter. California State Teachers Retirement System now owns 70,260 shares of the company’s stock valued at $3,706,000 after buying an additional 13,145 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Company Profile

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.