DA Davidson Has Optimistic Outlook of AAP FY2025 Earnings

Advance Auto Parts, Inc. (NYSE:AAP) – Equities researchers at DA Davidson raised their FY2025 earnings per share (EPS) estimates for Advance Auto Parts in a report released on Thursday, February 27th. DA Davidson analyst M. Baker now forecasts that the company will post earnings of $1.94 per share for the year, up from their prior forecast of $1.70. DA Davidson currently has a “Neutral” rating and a $45.00 target price on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is ($0.46) per share.

A number of other equities research analysts have also recently issued reports on AAP. Wedbush restated an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a report on Friday, November 15th. Barclays cut their price target on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Truist Financial cut their price target on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday. BMO Capital Markets cut their price target on Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Citigroup cut their price target on Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Advance Auto Parts presently has a consensus rating of “Hold” and an average price target of $46.69.

Advance Auto Parts Trading Down 0.2 %

Shares of NYSE:AAP opened at $36.90 on Monday. Advance Auto Parts has a 12-month low of $35.59 and a 12-month high of $88.56. The stock has a market cap of $2.21 billion, a PE ratio of 50.55, a P/E/G ratio of 1.98 and a beta of 1.15. The business has a 50 day moving average of $45.88 and a 200-day moving average of $43.62. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

Advance Auto Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.71%. Advance Auto Parts’s dividend payout ratio (DPR) is presently -17.86%.

Insider Transactions at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the sale, the executive vice president now directly owns 24,266 shares in the company, valued at $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.35% of the company’s stock.

Institutional Trading of Advance Auto Parts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in Advance Auto Parts by 207.4% in the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares during the period. Allworth Financial LP boosted its position in Advance Auto Parts by 1,543.4% during the fourth quarter. Allworth Financial LP now owns 871 shares of the company’s stock valued at $40,000 after acquiring an additional 818 shares during the last quarter. Vision Financial Markets LLC bought a new stake in Advance Auto Parts during the fourth quarter valued at $42,000. Advisory Services Network LLC bought a new stake in Advance Auto Parts during the fourth quarter valued at $46,000. Finally, KBC Group NV boosted its position in Advance Auto Parts by 29.1% during the third quarter. KBC Group NV now owns 1,749 shares of the company’s stock valued at $68,000 after acquiring an additional 394 shares during the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.