Advance Auto Parts (NYSE:AAP) Stock Price Down 7.2% – What’s Next?

Advance Auto Parts, Inc. (NYSE:AAP)’s share price traded down 7.2% during trading on Monday . The company traded as low as $52.31 and last traded at $52.1120. 487,823 shares changed hands during trading, a decline of 72% from the average session volume of 1,712,411 shares. The stock had previously closed at $56.15.

Wall Street Analyst Weigh In

AAP has been the subject of a number of research analyst reports. Morgan Stanley set a $60.00 price objective on shares of Advance Auto Parts in a research report on Tuesday, February 17th. BMO Capital Markets upped their price target on shares of Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Roth Mkm reissued a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a research note on Thursday, February 19th. TD Cowen reiterated a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research note on Monday, February 9th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Advance Auto Parts presently has a consensus rating of “Reduce” and an average price target of $52.93.

Advance Auto Parts Stock Down 7.6%

The stock has a 50-day moving average of $53.81 and a 200 day moving average of $50.54. The company has a market capitalization of $3.13 billion, a PE ratio of 71.08, a P/E/G ratio of 0.98 and a beta of 1.06. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.45. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company earned ($10.16) EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Sell-side analysts anticipate that Advance Auto Parts, Inc. will post 2.77 EPS for the current year.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, April 10th. Advance Auto Parts’s dividend payout ratio (DPR) is 136.99%.

Institutional Trading of Advance Auto Parts

Several hedge funds have recently added to or reduced their stakes in AAP. Royal Bank of Canada increased its stake in shares of Advance Auto Parts by 107.2% during the 1st quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after purchasing an additional 41,157 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Advance Auto Parts by 327.7% in the first quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock valued at $14,230,000 after purchasing an additional 278,066 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Advance Auto Parts by 14.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock valued at $7,096,000 after purchasing an additional 23,018 shares during the period. Hsbc Holdings PLC grew its holdings in Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after purchasing an additional 191 shares during the period. Finally, Baird Financial Group Inc. increased its position in Advance Auto Parts by 2.7% in the second quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock worth $2,640,000 after buying an additional 1,515 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

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.