Advance Auto Parts, Inc. (NYSE:AAP) Receives Consensus Recommendation of “Hold” from Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has earned an average recommendation of “Hold” from the twenty research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $58.6575.

AAP has been the subject of a number of research analyst reports. Roth Mkm restated a “neutral” rating and set a $57.00 price objective on shares of Advance Auto Parts in a report on Thursday, February 19th. Weiss Ratings upgraded Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. BMO Capital Markets increased their price target on Advance Auto Parts from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, May 22nd. Royal Bank Of Canada increased their price target on Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a report on Friday, May 22nd. Finally, The Goldman Sachs Group increased their price target on Advance Auto Parts from $49.00 to $54.00 and gave the company a “sell” rating in a report on Friday, May 22nd.

Advance Auto Parts Trading Down 2.2%

AAP stock opened at $55.88 on Friday. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 77.61, a PEG ratio of 0.95 and a beta of 1.05. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. The business has a fifty day simple moving average of $55.23 and a 200-day simple moving average of $50.99. Advance Auto Parts has a 52 week low of $37.89 and a 52 week high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.38. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, equities research analysts expect that Advance Auto Parts will post 2.91 EPS for the current year.

Advance Auto Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, July 10th. Advance Auto Parts’s dividend payout ratio is currently 138.89%.

Institutional Trading of Advance Auto Parts

Several large investors have recently added to or reduced their stakes in AAP. Caitong International Asset Management Co. Ltd acquired a new stake in Advance Auto Parts in the 3rd quarter valued at $31,000. AlphaCore Capital LLC boosted its position in Advance Auto Parts by 6,288.9% in the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock valued at $35,000 after buying an additional 566 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Advance Auto Parts by 184.5% in the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after buying an additional 596 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Advance Auto Parts by 290.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after buying an additional 688 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Advance Auto Parts in the 3rd quarter valued at about $52,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.