FY2025 EPS Estimates for Advance Auto Parts, Inc. Reduced by DA Davidson (NYSE:AAP)

Advance Auto Parts, Inc. (NYSE:AAP) – Equities research analysts at DA Davidson cut their FY2025 earnings estimates for Advance Auto Parts in a note issued to investors on Friday, April 5th. DA Davidson analyst M. Baker now anticipates that the company will post earnings per share of $4.33 for the year, down from their previous forecast of $4.35. The consensus estimate for Advance Auto Parts’ current full-year earnings is $3.95 per share.

A number of other research firms have also recently commented on AAP. Barclays upped their target price on Advance Auto Parts from $56.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Truist Financial lifted their target price on Advance Auto Parts from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada upped their price target on shares of Advance Auto Parts from $47.00 to $68.00 and gave the stock a “sector perform” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. raised their price target on shares of Advance Auto Parts from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, William Blair reissued a “market perform” rating on shares of Advance Auto Parts in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Advance Auto Parts currently has a consensus rating of “Hold” and an average price target of $70.47.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $78.45 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.29 and a debt-to-equity ratio of 0.71. Advance Auto Parts has a 12-month low of $47.73 and a 12-month high of $129.90. The firm has a market capitalization of $4.68 billion, a PE ratio of 106.01, a price-to-earnings-growth ratio of 1.40 and a beta of 1.17. The firm has a 50-day moving average price of $73.26 and a 200-day moving average price of $62.61.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.83). Advance Auto Parts had a net margin of 0.39% and a return on equity of 1.68%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the company earned $2.88 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis.

Hedge Funds Weigh In On Advance Auto Parts

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Advance Auto Parts by 2,226.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,026,668 shares of the company’s stock valued at $113,352,000 after buying an additional 1,939,560 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Advance Auto Parts by 53.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,958,241 shares of the company’s stock worth $241,573,000 after buying an additional 1,370,550 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in Advance Auto Parts in the 3rd quarter valued at about $73,882,000. Federated Hermes Inc. lifted its position in Advance Auto Parts by 2,716,800.0% during the fourth quarter. Federated Hermes Inc. now owns 842,239 shares of the company’s stock worth $51,402,000 after buying an additional 842,208 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Advance Auto Parts by 28.2% during the 1st quarter. State Street Corp now owns 3,431,787 shares of the company’s stock worth $417,340,000 after acquiring an additional 754,027 shares during the period. 88.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advance Auto Parts

In related news, EVP Herman L. Word, Jr. sold 1,858 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $86.08, for a total transaction of $159,936.64. Following the completion of the transaction, the executive vice president now owns 10,448 shares in the company, valued at approximately $899,363.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Herman L. Word, Jr. sold 1,858 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $86.08, for a total value of $159,936.64. Following the completion of the sale, the executive vice president now owns 10,448 shares of the company’s stock, valued at approximately $899,363.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carla Jean Bailo bought 310 shares of Advance Auto Parts stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $81.19 per share, for a total transaction of $25,168.90. Following the completion of the transaction, the director now directly owns 5,789 shares in the company, valued at $470,008.91. The disclosure for this purchase can be found here. Insiders own 0.63% of the company’s stock.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. Advance Auto Parts’s dividend payout ratio is presently 135.14%.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.