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

Advance Auto Parts, Inc. (NYSE:AAP) declared a quarterly dividend on Tuesday, August 18th. Shareholders of record on Friday, October 9th will be paid a dividend of 0.25 per share on Friday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 9th.

Advance Auto Parts has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advance Auto Parts to earn $3.99 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 25.1%.

Advance Auto Parts Price Performance

Shares of NYSE:AAP traded down $13.81 on Thursday, hitting $42.37. The stock had a trading volume of 16,613,488 shares, compared to its average volume of 1,899,134. The firm’s 50 day moving average price is $57.30 and its 200-day moving average price is $55.47. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. Advance Auto Parts has a twelve month low of $37.89 and a twelve month high of $65.21. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 58.85, a price-to-earnings-growth ratio of 0.94 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, August 20th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company posted $0.69 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. On average, equities research analysts predict that Advance Auto Parts will post 2.94 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Advance Auto Parts by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock valued at $112,243,000 after buying an additional 282,591 shares during the period. Bank of America Corp DE grew its holdings in Advance Auto Parts by 4.5% during the 1st quarter. Bank of America Corp DE now owns 1,056,281 shares of the company’s stock worth $55,719,000 after acquiring an additional 45,696 shares during the period. Private Management Group Inc. acquired a new stake in Advance Auto Parts during the 4th quarter worth $20,123,000. Royce & Associates LP raised its position in shares of Advance Auto Parts by 30.5% during the 4th quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock valued at $58,110,000 after acquiring an additional 345,217 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Advance Auto Parts by 3,521.7% during the 1st quarter. Fifth Third Bancorp now owns 51,827 shares of the company’s stock valued at $2,734,000 after acquiring an additional 50,396 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Company 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.