Advance Auto Parts Inc (NYSE:AAP) has been assigned a consensus recommendation of “Hold” from the twenty-five ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $113.04.

Several analysts have issued reports on the company. Royal Bank Of Canada cut their price objective on Advance Auto Parts from $125.00 to $102.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 16th. Barclays PLC restated an “equal weight” rating and set a $90.00 price objective (down previously from $93.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. UBS AG restated a “buy” rating and set a $118.00 price objective (down previously from $155.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Citigroup Inc. cut their price objective on Advance Auto Parts to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, August 16th. Finally, Gabelli restated a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, August 16th.

Shares of Advance Auto Parts (NYSE AAP) traded up $0.11 during trading on Friday, reaching $81.80. 1,108,556 shares of the company’s stock traded hands, compared to its average volume of 1,927,717. The company has a quick ratio of 0.29, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $6,041.99, a P/E ratio of 13.84, a PEG ratio of 1.49 and a beta of 0.90.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.07). The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. Advance Auto Parts’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 EPS. equities analysts anticipate that Advance Auto Parts will post 5.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 22nd were given a $0.06 dividend. The ex-dividend date was Thursday, September 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.29%. Advance Auto Parts’s dividend payout ratio is 4.80%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of Advance Auto Parts by 5.3% in the second quarter. Legal & General Group Plc now owns 358,722 shares of the company’s stock valued at $41,825,000 after acquiring an additional 18,209 shares during the period. Wells Fargo & Company MN boosted its position in shares of Advance Auto Parts by 78.0% in the second quarter. Wells Fargo & Company MN now owns 884,760 shares of the company’s stock valued at $103,155,000 after acquiring an additional 387,673 shares during the period. Tobam bought a new stake in shares of Advance Auto Parts in the second quarter valued at approximately $118,000. Vanguard Group Inc. boosted its position in shares of Advance Auto Parts by 2.7% in the second quarter. Vanguard Group Inc. now owns 6,966,176 shares of the company’s stock valued at $812,186,000 after acquiring an additional 185,970 shares during the period. Finally, ARGA Investment Management LP boosted its position in shares of Advance Auto Parts by 89.0% in the second quarter. ARGA Investment Management LP now owns 53,300 shares of the company’s stock valued at $6,214,000 after acquiring an additional 25,100 shares during the period.

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About Advance Auto Parts

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

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