Savoir Faire Capital Management L.P. Has $8.18 Million Stake in Advance Auto Parts, Inc. $AAP

Savoir Faire Capital Management L.P. decreased its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,105 shares of the company’s stock after selling 18,885 shares during the quarter. Advance Auto Parts makes up 3.9% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 9th biggest holding. Savoir Faire Capital Management L.P.’s holdings in Advance Auto Parts were worth $8,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Amalgamated Bank increased its stake in Advance Auto Parts by 1.1% in the 3rd quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after buying an additional 185 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of 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 acquiring an additional 191 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Advance Auto Parts by 1.6% in the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock worth $1,089,000 after acquiring an additional 272 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Advance Auto Parts by 0.6% in the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after acquiring an additional 297 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Advance Auto Parts by 35.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,251 shares of the company’s stock worth $79,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Performance

NYSE AAP opened at $59.54 on Friday. 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, Inc. has a 1-year low of $30.84 and a 1-year high of $70.00. The business has a 50 day simple moving average of $53.67 and a two-hundred day simple moving average of $50.52. The stock has a market capitalization of $3.59 billion, a PE ratio of 81.56, a P/E/G ratio of 0.98 and a beta of 1.04.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.45. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The company’s revenue for the quarter 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. On average, research analysts predict that Advance Auto Parts, Inc. will post 2.77 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Advance Auto Parts’s dividend payout ratio is presently 136.99%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AAP. Northcoast Research raised Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, January 21st. Citigroup raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on shares of Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Evercore set a $60.00 target price on shares of Advance Auto Parts in a report on Wednesday, February 11th. Finally, DA Davidson set a $58.00 target price on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $52.93.

Advance Auto Parts 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.