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

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have been given an average recommendation of “Hold” by the twenty brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $58.6575.

Several equities analysts recently issued reports on AAP shares. The Goldman Sachs Group raised their price target on Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a research report on Friday, May 22nd. Royal Bank Of Canada boosted their price objective on Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, May 22nd. Citigroup increased their price objective on Advance Auto Parts from $57.00 to $60.00 and gave the company a “neutral” rating in a research note 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 report on Friday, May 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Advance Auto Parts from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd.

Advance Auto Parts Stock Up 4.4%

Shares of NYSE:AAP opened at $55.76 on Friday. The stock’s 50-day moving average price is $57.31 and its 200-day moving average price is $53.80. Advance Auto Parts has a 12-month low of $37.89 and a 12-month high of $65.21. The stock has a market capitalization of $3.37 billion, a P/E ratio of 77.45, a price-to-earnings-growth ratio of 0.88 and a beta of 1.03. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data 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 return on equity of 8.95% and a net margin of 0.51%.The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’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. On average, equities analysts anticipate that Advance Auto Parts will post 2.94 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is 138.89%.

Hedge Funds Weigh In On Advance Auto Parts

Several hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Advance Auto Parts by 18.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock worth $293,751,000 after purchasing an additional 1,190,094 shares during the period. Pzena Investment Management LLC increased its holdings in Advance Auto Parts by 8.2% during the 1st quarter. Pzena Investment Management LLC now owns 4,301,089 shares of the company’s stock valued at $226,882,000 after purchasing an additional 327,596 shares during the period. Federated Hermes Inc. increased its holdings in Advance Auto Parts by 4.4% during the 4th quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company’s stock valued at $110,499,000 after purchasing an additional 117,648 shares during the period. State Street Corp raised its position in Advance Auto Parts by 3.9% during the 4th quarter. State Street Corp now owns 2,499,981 shares of the company’s stock valued at $98,249,000 after purchasing an additional 92,861 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Advance Auto Parts by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock valued at $112,243,000 after purchasing an additional 282,591 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

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.