Advance Auto Parts, Inc. (NYSE:AAP) Given Consensus Rating of “Hold” by Brokerages

Advance Auto Parts, Inc. (NYSE:AAP) has received a consensus rating of “Hold” from the twenty-three research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.0345.

Several brokerages recently issued reports on AAP. Royal Bank Of Canada raised their target price 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. Citigroup raised Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. Wells Fargo & Company lifted their target price on Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. BMO Capital Markets boosted their target price on Advance Auto Parts from $55.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a report on Monday, February 9th.

Advance Auto Parts Price Performance

NYSE:AAP opened at $53.15 on Wednesday. The stock has a market capitalization of $3.19 billion, a PE ratio of 72.81, a P/E/G ratio of 0.72 and a beta of 1.11. Advance Auto Parts has a 1-year low of $28.89 and a 1-year high of $70.00. The firm has a fifty day simple moving average of $47.71 and a 200 day simple moving average of $52.12. 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 announced its quarterly earnings results on Friday, February 13th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.45. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, research analysts expect that Advance Auto Parts will post -0.46 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently announced 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 1.9%. The ex-dividend date is Friday, April 10th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 136.99%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new position in shares of Advance Auto Parts in the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Advance Auto Parts during the 3rd quarter worth approximately $31,000. AlphaCore Capital LLC increased 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 acquiring an additional 566 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after acquiring an additional 596 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 688 shares during the period. 88.70% of the stock is owned by institutional investors.

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.