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

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have earned a consensus rating of “Hold” from the twenty-three analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $53.0345.

A number of research firms have weighed in on AAP. UBS Group reiterated a “neutral” rating on shares of Advance Auto Parts in a research note on Monday, February 9th. TD Cowen reaffirmed a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, February 17th. DA Davidson set a $58.00 price objective on Advance Auto Parts in a report on Tuesday, February 17th. JPMorgan Chase & Co. raised their target price on Advance Auto Parts from $44.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Northcoast Research upgraded Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On Advance Auto Parts

Several large investors have recently modified their holdings of AAP. Amalgamated Bank raised its position in shares of Advance Auto Parts by 1.1% in the third quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after buying an additional 185 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Advance Auto Parts by 3.1% in the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after acquiring an additional 191 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Advance Auto Parts by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock valued at $1,089,000 after acquiring an additional 272 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Advance Auto Parts by 2.0% during the second quarter. Rockefeller Capital Management L.P. now owns 14,535 shares of the company’s stock worth $676,000 after purchasing an additional 283 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Advance Auto Parts by 0.6% in the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after purchasing an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

Shares of NYSE AAP opened at $53.66 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $3.22 billion, a PE ratio of 73.51, a PEG ratio of 0.75 and a beta of 1.14. The stock’s 50 day moving average price is $47.09 and its 200-day moving average price is $52.30. Advance Auto Parts has a twelve month low of $28.89 and a twelve month high of $70.00.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.45. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, equities analysts anticipate that Advance Auto Parts will post -0.46 EPS for the current year.

Advance Auto Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 annualized dividend and a yield of 1.9%. Advance Auto Parts’s dividend payout ratio is 136.99%.

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.