Advance Auto Parts Inc. (NYSE:AAP) declared a quarterly dividend on Monday, November 14th. Investors of record on Friday, December 23rd will be paid a dividend of 0.06 per share on Friday, January 6th. This represents a $0.24 annualized dividend and a dividend yield of 0.17%.

Advance Auto Parts (NYSE:AAP) opened at 142.90 on Tuesday. The stock has a market cap of $10.51 billion, a PE ratio of 23.08 and a beta of 1.04. The company’s 50 day moving average price is $144.17 and its 200 day moving average price is $153.92. Advance Auto Parts has a 12 month low of $131.59 and a 12 month high of $172.87.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Monday, November 14th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.02. The company earned $2.25 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Advance Auto Parts had a return on equity of 21.90% and a net margin of 4.80%. Advance Auto Parts’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 EPS. Equities analysts forecast that Advance Auto Parts will post $7.25 EPS for the current fiscal year.

Dividend History for Advance Auto Parts (NYSE:AAP)

In other news, CEO Thomas Greco purchased 6,250 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were purchased at an average cost of $159.56 per share, for a total transaction of $997,250.00. Following the purchase, the chief executive officer now directly owns 42,154 shares in the company, valued at approximately $6,726,092.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey C. Smith purchased 70,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was purchased at an average price of $158.77 per share, for a total transaction of $11,113,900.00. Following the completion of the purchase, the director now owns 1,271 shares in the company, valued at $201,796.67. The disclosure for this purchase can be found here. 4.50% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. boosted its position in shares of Advance Auto Parts by 0.9% in the second quarter. Cleararc Capital Inc. now owns 1,795 shares of the company’s stock worth $290,000 after buying an additional 16 shares in the last quarter. Comerica Bank boosted its position in shares of Advance Auto Parts by 6.4% in the second quarter. Comerica Bank now owns 30,845 shares of the company’s stock worth $5,136,000 after buying an additional 1,847 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Advance Auto Parts by 17.8% in the second quarter. Public Sector Pension Investment Board now owns 13,900 shares of the company’s stock worth $2,247,000 after buying an additional 2,100 shares in the last quarter. National Pension Service boosted its position in shares of Advance Auto Parts by 20.1% in the second quarter. National Pension Service now owns 56,090 shares of the company’s stock worth $9,066,000 after buying an additional 9,381 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Advance Auto Parts by 111.1% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,900 shares of the company’s stock worth $307,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

A number of research analysts have commented on AAP shares. Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advance Auto Parts in a research report on Thursday, August 18th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target (up previously from $160.00) on shares of Advance Auto Parts in a research report on Wednesday, August 17th. BTIG Research reissued a “sell” rating and issued a $120.00 target price on shares of Advance Auto Parts in a research report on Wednesday, August 17th. Royal Bank Of Canada decreased their target price on Advance Auto Parts from $180.00 to $174.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th. Finally, Argus reissued a “buy” rating and issued a $185.00 target price on shares of Advance Auto Parts in a research report on Wednesday, August 31st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $164.22.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. 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.

5 Day Chart for NYSE:AAP

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