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

Advance Auto Parts, Inc. (NYSE:AAP) has received a consensus rating of “Hold” from the twenty research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. The average 12-month 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. Morgan Stanley raised their price target on Advance Auto Parts from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Wells Fargo & Company increased their target price on Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. The Goldman Sachs Group increased their target price on Advance Auto Parts from $49.00 to $54.00 and gave the company a “sell” rating in a research note on Friday, May 22nd. UBS Group increased their target price on Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Finally, Evercore set a $60.00 target price on Advance Auto Parts in a research note on Wednesday, February 11th.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $60.14 on Friday. The business’s 50-day simple moving average is $55.62 and its 200 day simple moving average is $51.18. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 83.53, a P/E/G ratio of 0.96 and a beta of 1.05. Advance Auto Parts has a 12-month low of $37.89 and a 12-month high of $70.00. 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 posted its quarterly earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.38. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, research analysts anticipate that Advance Auto Parts will post 2.95 earnings per share for the current 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 annualized dividend and a yield of 1.7%. Advance Auto Parts’s dividend payout ratio is presently 138.89%.

Hedge Funds Weigh In On Advance Auto Parts

Several hedge funds have recently added to or reduced their stakes in AAP. Caitong International Asset Management Co. Ltd acquired a new position in Advance Auto Parts in the third quarter valued at about $31,000. AlphaCore Capital LLC raised its position in shares of Advance Auto Parts by 6,288.9% during the third quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 566 shares during the period. Hantz Financial Services Inc. raised its position in shares of Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after purchasing an additional 596 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after purchasing an additional 688 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Advance Auto Parts during the third quarter worth about $52,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

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.