Analysts Set Advance Auto Parts, Inc. (NYSE:AAP) Price Target at $52.93

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have been assigned a consensus recommendation of “Reduce” from the twenty-two brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $52.9311.

Several equities analysts recently issued reports on AAP shares. Royal Bank Of Canada upped their price objective on shares of Advance Auto Parts from $57.00 to $63.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, January 21st. Roth Mkm reissued a “neutral” rating and set a $57.00 price target on shares of Advance Auto Parts in a research note on Thursday, February 19th. Evercore set a $60.00 price objective on Advance Auto Parts in a report on Wednesday, February 11th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research report on Monday, February 9th.

Advance Auto Parts Trading Up 0.3%

Shares of AAP stock opened at $50.91 on Friday. The firm has a 50-day moving average price of $51.24 and a 200 day moving average price of $51.21. Advance Auto Parts has a twelve month low of $28.89 and a twelve month high of $70.00. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 69.74, a PEG ratio of 0.68 and a beta of 1.11. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.45. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($10.16) EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Research analysts forecast that Advance Auto Parts will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, April 10th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 136.99%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank lifted its holdings in shares of Advance Auto Parts by 1.1% during the 3rd quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after acquiring an additional 185 shares during the period. Hsbc Holdings PLC grew its holdings in Advance Auto Parts by 3.1% in the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after purchasing an additional 191 shares during the period. Arizona State Retirement System increased its position in Advance Auto Parts by 1.6% during the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock worth $1,089,000 after purchasing an additional 272 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Advance Auto Parts by 2.0% during the second quarter. Rockefeller Capital Management L.P. now owns 14,535 shares of the company’s stock worth $676,000 after purchasing an additional 283 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Advance Auto Parts by 0.6% during the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after purchasing an additional 297 shares during the period. 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.