Wolverine Asset Management LLC Has $1.43 Million Position in Advance Auto Parts, Inc. $AAP

Wolverine Asset Management LLC grew its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 32.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,317 shares of the company’s stock after buying an additional 8,960 shares during the period. Wolverine Asset Management LLC’s holdings in Advance Auto Parts were worth $1,427,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new position in shares of Advance Auto Parts in the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advance Auto Parts in the third quarter valued at $31,000. AlphaCore Capital LLC raised 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 purchasing an additional 566 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Advance Auto Parts by 290.3% in the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after purchasing an additional 688 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Advance Auto Parts by 198.0% in the third quarter. Farther Finance Advisors LLC now owns 751 shares of the company’s stock valued at $46,000 after purchasing an additional 499 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AAP has been the subject of a number of recent research reports. UBS Group restated a “neutral” rating on shares of Advance Auto Parts in a research note on Monday, February 9th. BMO Capital Markets upped their target price on Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, February 17th. Truist Financial increased their price target on shares of Advance Auto Parts from $48.00 to $57.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Advance Auto Parts in a research report on Wednesday, January 21st. Finally, Northcoast Research raised shares of Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Advance Auto Parts currently has an average rating of “Reduce” and an average price target of $52.93.

Advance Auto Parts Stock Performance

Advance Auto Parts stock opened at $56.92 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.75 and a quick ratio of 0.87. The stock has a fifty day moving average price of $53.69 and a two-hundred day moving average price of $50.48. Advance Auto Parts, Inc. has a 52-week low of $30.84 and a 52-week high of $70.00. The firm has a market capitalization of $3.43 billion, a P/E ratio of 77.97, a P/E/G ratio of 1.00 and a beta of 1.06.

Advance Auto Parts (NYSE:AAP) last released 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 firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. As a group, analysts anticipate that Advance Auto Parts, Inc. will post 2.77 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were given a dividend of $0.25 per share. The ex-dividend date was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Advance Auto Parts’s dividend payout ratio (DPR) is 136.99%.

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.