Advance Auto Parts Inc (NYSE:AAP) declared a quarterly dividend on Tuesday, November 14th, RTT News reports. Shareholders of record on Friday, December 22nd will be paid a dividend of 0.06 per share on Friday, January 5th. This represents a $0.24 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, December 21st.

Advance Auto Parts has a dividend payout ratio of 4.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advance Auto Parts to earn $5.94 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.0%.

Advance Auto Parts (NYSE AAP) opened at $100.70 on Friday. The company has a market capitalization of $7,404.58, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. Advance Auto Parts has a twelve month low of $78.81 and a twelve month high of $177.50.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.21 billion. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.73 EPS. equities analysts anticipate that Advance Auto Parts will post 5.22 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the company. Bank of America reissued an “underperform” rating and issued a $87.50 price objective on shares of Advance Auto Parts in a research note on Tuesday, September 5th. Jefferies Group decreased their target price on Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Citigroup lowered Advance Auto Parts from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, October 4th. Moffett Nathanson began coverage on Advance Auto Parts in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Finally, Morgan Stanley boosted their target price on Advance Auto Parts from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $106.32.

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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.

Dividend History for Advance Auto Parts (NYSE:AAP)

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