Advance Auto Parts, Inc. (NYSE:AAP) Receives $50.19 Average PT from Brokerages

Advance Auto Parts, Inc. (NYSE:AAP) has received an average rating of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $50.1875.

AAP has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Advance Auto Parts in a research report on Wednesday, August 26th. DA Davidson decreased their price objective on Advance Auto Parts from $58.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, August 21st. TD Cowen lowered their target price on Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 20th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Advance Auto Parts in a research note on Friday, August 21st.

Institutional Investors Weigh In On Advance Auto Parts

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Advance Auto Parts during the second quarter valued at about $581,909,000. Pzena Investment Management LLC acquired a new stake in Advance Auto Parts in the 2nd quarter valued at about $273,115,000. Maple Rock Capital Partners Inc. boosted its position in shares of Advance Auto Parts by 86.5% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 2,421,040 shares of the company’s stock valued at $150,637,000 after purchasing an additional 1,122,900 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Advance Auto Parts by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock valued at $112,243,000 after purchasing an additional 282,591 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of Advance Auto Parts by 30.5% in the 4th quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock worth $58,110,000 after purchasing an additional 345,217 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

Shares of AAP opened at $41.98 on Friday. Advance Auto Parts has a 12 month low of $37.89 and a 12 month high of $65.20. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85. The stock has a fifty day moving average price of $50.60 and a 200 day moving average price of $53.79. The company has a market cap of $2.54 billion, a P/E ratio of 30.64, a PEG ratio of 0.67 and a beta of 1.01.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.22. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. On average, research analysts forecast that Advance Auto Parts will post 2.98 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 9th. Advance Auto Parts’s dividend payout ratio (DPR) is 72.99%.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc (NYSE:AAP) is an automotive aftermarket parts provider serving do-it-yourself customers, professional repair shops and commercial customers. The company sells replacement parts, accessories, maintenance items, batteries, engine components, tools and other products used to maintain and repair cars, trucks and other vehicles.

Advance Auto Parts serves customers through a network of retail stores, distribution centers and online channels. Its operations include the Advance Auto Parts and Carquest brands, with products available through company-operated locations, independently operated Carquest stores and commercial delivery programs for professional customers.

The company’s business primarily covers the United States, with additional operations and customer service in Canada and certain U.S.