Advance Auto Parts, Inc. (NYSE:AAP) Stock Has Average Target Price of $48.94 According to Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has been assigned an average rating of “Hold” from the twenty ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $48.94.

Several equities analysts have recently commented on the company. Barclays decreased their target price on Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Guggenheim reissued a “neutral” rating on shares of Advance Auto Parts in a report on Friday, August 21st. Wells Fargo & Company reduced their price target on Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Morgan Stanley decreased their price objective on Advance Auto Parts from $65.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Finally, Royal Bank Of Canada lowered their price objective on Advance Auto Parts from $67.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Friday, August 21st.

Institutional Trading of Advance Auto Parts

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in Advance Auto Parts by 9.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Advance Auto Parts by 4.7% during the second quarter. Hsbc Holdings PLC now owns 7,879 shares of the company’s stock valued at $490,000 after purchasing an additional 355 shares during the period. Allworth Financial LP bought a new position in shares of Advance Auto Parts in the second quarter worth approximately $25,000. State of Wyoming bought a new position in shares of Advance Auto Parts in the second quarter worth approximately $34,000. Finally, Blue Trust Inc. increased its stake in shares of Advance Auto Parts by 29.8% in the first quarter. Blue Trust Inc. now owns 3,729 shares of the company’s stock worth $197,000 after buying an additional 856 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $42.24 on Thursday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 0.68 and a beta of 1.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.75. The company has a 50-day simple moving average of $45.94 and a 200 day simple moving average of $52.62. Advance Auto Parts has a 52 week low of $37.89 and a 52 week high of $65.20.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, August 20th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.22. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. On average, sell-side analysts predict that Advance Auto Parts will post 2.99 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. Advance Auto Parts’s dividend payout ratio is 72.99%.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc is an automotive aftermarket parts provider that sells replacement parts, accessories, maintenance products and equipment for cars, trucks and other vehicles. The company serves do-it-yourself customers as well as professional repair shops and commercial customers.

Its product offerings include batteries, brakes, filters, engine and drivetrain components, electrical parts, tools, fluids, chemicals and related accessories. Advance Auto Parts serves customers through a network of stores, distribution facilities and digital ordering channels, with services such as in-store pickup, delivery and commercial parts delivery supporting its retail and professional businesses.

Founded in 1929, the company operates primarily in the United States and also has a presence in Canada and other North American markets.