Advance Auto Parts, Inc. Plans Quarterly Dividend of $0.25 (NYSE:AAP)

Advance Auto Parts, Inc. (NYSE:AAP) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, July 10th will be given a dividend of 0.25 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, July 10th.

Advance Auto Parts has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advance Auto Parts to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.6%.

Advance Auto Parts Trading Up 14.3%

NYSE AAP opened at $58.59 on Friday. The company has a fifty day simple moving average of $53.84 and a two-hundred day simple moving average of $50.37. The stock has a market cap of $3.53 billion, a P/E ratio of 80.26, a P/E/G ratio of 0.90 and a beta of 1.06. Advance Auto Parts has a 12-month low of $37.89 and a 12-month high of $70.00. 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 issued its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the company posted $0.40 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, analysts forecast that Advance Auto Parts will post 2.77 earnings per share for the current year.

Hedge Funds Weigh In On Advance Auto Parts

Institutional investors and hedge funds have recently bought and sold shares of the business. Savoir Faire Capital Management L.P. boosted its holdings in Advance Auto Parts by 11.4% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 226,990 shares of the company’s stock valued at $13,937,000 after purchasing an additional 23,172 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Advance Auto Parts by 12.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company’s stock valued at $165,413,000 after purchasing an additional 306,702 shares during the last quarter. CSM Advisors LLC boosted its holdings in Advance Auto Parts by 71.6% in the 3rd quarter. CSM Advisors LLC now owns 89,867 shares of the company’s stock valued at $5,517,000 after purchasing an additional 37,486 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Advance Auto Parts in the 3rd quarter valued at about $1,840,000. Finally, Fluent Financial LLC acquired a new position in Advance Auto Parts in the 4th quarter valued at about $6,228,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.