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

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have received an average recommendation of “Hold” from the twenty brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $58.6575.

A number of research analysts recently issued reports on AAP shares. Truist Financial raised their target price on shares of Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a research note on Thursday, May 21st. Royal Bank Of Canada raised their target price on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, May 22nd. Citigroup raised their target price on shares of Advance Auto Parts from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Weiss Ratings upgraded shares of Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Advance Auto Parts in a report on Friday, May 22nd.

Hedge Funds Weigh In On Advance Auto Parts

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Advance Auto Parts in the third quarter worth about $31,000. AlphaCore Capital LLC raised its stake in shares of Advance Auto Parts by 6,288.9% in the third quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 566 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Advance Auto Parts by 184.5% in the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after acquiring an additional 596 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Advance Auto Parts by 290.3% in the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after acquiring an additional 688 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Advance Auto Parts in the fourth quarter worth about $55,000. 88.70% of the stock is owned by institutional investors.

Advance Auto Parts Stock Performance

Shares of AAP opened at $61.63 on Tuesday. The company’s fifty day moving average is $57.08 and its 200-day moving average is $51.98. Advance Auto Parts has a 12 month low of $37.89 and a 12 month high of $70.00. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 85.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54.

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. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted $0.40 EPS. Advance Auto Parts’s quarterly revenue was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Equities analysts expect that Advance Auto Parts will post 2.94 EPS 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. Shareholders 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 dividend yield of 1.6%. Advance Auto Parts’s payout ratio is currently 138.89%.

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.