Advance Auto Parts’ (AAP) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d) rating on shares of Advance Auto Parts (NYSE:AAP) in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other equities analysts have also commented on AAP. Citigroup set a $60.00 price target on Advance Auto Parts in a research note on Thursday, August 14th. Morgan Stanley increased their price target on Advance Auto Parts from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, September 12th. Wolfe Research started coverage on Advance Auto Parts in a research note on Thursday, September 18th. They set a “peer perform” rating for the company. Argus reissued a “hold” rating and set a $60.52 price target on shares of Advance Auto Parts in a research note on Friday, August 29th. Finally, Truist Financial dropped their price target on Advance Auto Parts from $53.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, October 20th. One research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $52.51.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $54.43 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. Advance Auto Parts has a 12-month low of $28.89 and a 12-month high of $70.00. The stock has a 50-day moving average price of $58.41 and a 200 day moving average price of $51.00. The stock has a market capitalization of $3.27 billion, a P/E ratio of -8.54 and a beta of 1.08.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, July 24th. The company reported ($0.22) EPS for the quarter. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. The firm had revenue of $2.58 billion for the quarter. Advance Auto Parts has set its Q2 2025 guidance at EPS. Equities research analysts forecast that Advance Auto Parts will post -0.46 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, October 10th. Advance Auto Parts’s dividend payout ratio (DPR) is presently -15.70%.

Institutional Investors Weigh In On Advance Auto Parts

Several hedge funds and other institutional investors have recently modified their holdings of AAP. REAP Financial Group LLC purchased a new stake in shares of Advance Auto Parts in the second quarter worth approximately $26,000. Salomon & Ludwin LLC purchased a new stake in shares of Advance Auto Parts in the third quarter worth approximately $26,000. Hexagon Capital Partners LLC raised its holdings in shares of Advance Auto Parts by 189.0% in the first quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $28,000 after buying an additional 465 shares during the period. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 688 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Advance Auto Parts by 355.8% in the second quarter. Parallel Advisors LLC now owns 939 shares of the company’s stock worth $44,000 after buying an additional 733 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

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.