Advance Auto Parts, Inc. Declares Quarterly Dividend of $0.25 (NYSE:AAP)

Advance Auto Parts, Inc. (NYSE:AAP) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, July 10th will be paid a dividend of 0.25 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, July 10th.

Advance Auto Parts has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Advance Auto Parts to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.6%.

Advance Auto Parts Price Performance

NYSE AAP traded up $7.35 during trading hours on Thursday, reaching $58.59. The company’s stock had a trading volume of 8,647,619 shares, compared to its average volume of 1,838,477. The stock has a market cap of $3.53 billion, a PE ratio of 80.26, a PEG ratio of 0.87 and a beta of 1.06. Advance Auto Parts has a fifty-two week low of $37.89 and a fifty-two week high of $70.00. The company’s 50-day moving average is $53.69 and its two-hundred day moving average is $50.29. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the company earned $0.40 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Analysts forecast that Advance Auto Parts will post 2.77 EPS for the current year.

Institutional Trading of Advance Auto Parts

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in Advance Auto Parts by 4.5% in the first quarter. Bank of America Corp DE now owns 1,056,281 shares of the company’s stock valued at $55,719,000 after acquiring an additional 45,696 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Advance Auto Parts by 3.7% during the first quarter. Arkadios Wealth Advisors now owns 29,002 shares of the company’s stock worth $1,530,000 after buying an additional 1,035 shares in the last quarter. Amundi grew its position in shares of Advance Auto Parts by 37.0% during the first quarter. Amundi now owns 10,887 shares of the company’s stock worth $574,000 after buying an additional 2,943 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Advance Auto Parts by 23.0% during the first quarter. California State Teachers Retirement System now owns 70,260 shares of the company’s stock worth $3,706,000 after buying an additional 13,145 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Advance Auto Parts by 2.1% during the first quarter. Royal Bank of Canada now owns 126,696 shares of the company’s stock worth $6,682,000 after buying an additional 2,601 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

About Advance Auto Parts

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.