Advance Auto Parts’ (AAP) Neutral Rating Reiterated at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Advance Auto Parts (NYSE:AAP) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $47.00 price target on the stock.

A number of other research analysts have also recently issued reports on the company. Evercore set a $60.00 target price on Advance Auto Parts in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price on Advance Auto Parts from $44.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Roth Mkm restated a “neutral” rating and set a $55.00 target price (up from $50.00) on shares of Advance Auto Parts in a report on Monday, October 27th. Finally, Royal Bank Of Canada upped their price target on shares of Advance Auto Parts from $57.00 to $63.00 and gave the company a “sector perform” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.03.

Advance Auto Parts Stock Down 0.1%

Advance Auto Parts stock opened at $55.86 on Tuesday. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 76.52, a PEG ratio of 0.78 and a beta of 1.14. The company’s 50 day simple moving average is $46.51 and its 200 day simple moving average is $52.43. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.75 and a quick ratio of 0.87. Advance Auto Parts has a fifty-two week low of $28.89 and a fifty-two week high of $70.00.

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

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, April 10th. Advance Auto Parts’s dividend payout ratio is currently 136.99%.

Institutional Trading of Advance Auto Parts

A number of hedge funds and other institutional investors have recently modified their holdings of AAP. Salomon & Ludwin LLC acquired a new position in Advance Auto Parts during the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advance Auto Parts in the 3rd quarter valued at approximately $31,000. AlphaCore Capital LLC grew its stake in shares of Advance Auto Parts by 6,288.9% in the third quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock valued at $35,000 after buying an additional 566 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Advance Auto Parts by 184.5% in the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after buying an additional 596 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after buying an additional 688 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

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.