Advance Auto Parts, Inc. (NYSE:AAP) Given Average Recommendation of “Hold” by Brokerages

Advance Auto Parts, Inc. (NYSE:AAP) has been given a consensus rating of “Hold” by the twenty analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $58.6575.

A number of equities research analysts recently issued reports on AAP shares. TD Cowen reaffirmed a “hold” rating on shares of Advance Auto Parts in a research note on Friday, May 22nd. Roth Mkm reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Advance Auto Parts in a research note on Thursday, February 19th. UBS Group upped their target price on Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Truist Financial upped their target price on Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a research note on Thursday, May 21st. Finally, DA Davidson set a $58.00 target price on Advance Auto Parts in a research note on Tuesday, February 17th.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $55.88 on Friday. The business’s 50 day simple moving average is $55.23 and its 200-day simple moving average is $50.99. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 77.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.05. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. Advance Auto Parts has a 12 month low of $37.89 and a 12 month high of $70.00.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.39 by $0.38. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, equities analysts forecast that Advance Auto Parts will post 2.91 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid 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 yield of 1.8%. Advance Auto Parts’s dividend payout ratio is presently 138.89%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CSM Advisors LLC raised its holdings in Advance Auto Parts by 71.6% in the 3rd quarter. CSM Advisors LLC now owns 89,867 shares of the company’s stock valued at $5,517,000 after acquiring an additional 37,486 shares during the last quarter. Fluent Financial LLC acquired a new position in Advance Auto Parts in the 4th quarter valued at $6,228,000. Cramer Rosenthal Mcglynn LLC acquired a new position in Advance Auto Parts in the 3rd quarter valued at $3,950,000. Royce & Associates LP raised its holdings in Advance Auto Parts by 30.5% in the 4th quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock valued at $58,110,000 after acquiring an additional 345,217 shares during the last quarter. Finally, Palumbo Wealth Management LLC acquired a new position in Advance Auto Parts in the 4th quarter valued at $1,577,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.