NFJ Investment Group LLC Acquires New Stake in Advance Auto Parts, Inc. $AAP

NFJ Investment Group LLC acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 47,918 shares of the company’s stock, valued at approximately $2,981,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Advance Auto Parts during the third quarter worth $31,000. State of Wyoming purchased a new position in shares of Advance Auto Parts in the second quarter worth about $34,000. AlphaCore Capital LLC lifted its stake in shares of Advance Auto Parts by 53.6% in the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after acquiring an additional 596 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after acquiring an additional 688 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AAP shares. UBS Group increased their price objective on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings upgraded Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Truist Financial set a $43.00 price target on Advance Auto Parts in a research report on Thursday. Wells Fargo & Company increased their price target on Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, Mizuho lifted their price objective on Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Advance Auto Parts presently has an average rating of “Hold” and an average price target of $57.66.

Key Headlines Impacting Advance Auto Parts

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Second-quarter adjusted EPS was $1.03, above the $0.81 analyst consensus and up from $0.69 a year earlier. Gross margin improved to 46.2% from 43.5%, while operating income rose substantially year over year. Advance Auto Parts Q2 Earnings Surpass Estimates
• Positive Sentiment: Advance Auto Parts reduced net leverage to 2.1x from 2.4x in the prior quarter and repurchased approximately $30 million of debt, supporting its balance-sheet recovery strategy. Some analyst commentary characterized the selloff as a potential near-term opportunity, while other coverage pointed to a broader business-recovery shift. Advance Auto Parts Signals Business Recovery Shift
• Positive Sentiment: The company declared a quarterly dividend of $0.25 per share, payable October 23 to shareholders of record October 9. The dividend provides ongoing income support, although the reported yield was approximately 2.4%.
• Neutral Sentiment: Management maintained fiscal 2026 revenue guidance of approximately $8.485 billion to $8.575 billion and EPS guidance of $2.60 to $3.30. The range remains broad, with its midpoint near analyst expectations, offering limited evidence of a material acceleration in growth. Advance Auto Parts Reports Second Quarter 2026 Results
• Negative Sentiment: Revenue of roughly $2.0 billion missed the approximately $2.04 billion consensus, declined 0.5% year over year, and comparable-store sales also fell 0.5%. Investors viewed the sales shortfall as more important than the EPS beat because it signaled subdued underlying demand. Revenue Miss and Muted Outlook Outweigh Earnings Beat
• Negative Sentiment: Management said financially constrained customers are delaying or reducing do-it-yourself vehicle repairs, weakening DIY sales. The cautious demand commentary and largely unchanged outlook intensified concerns that the recovery may take longer than expected. Cash-Strapped DIY Customers Tap the Brakes

Advance Auto Parts Trading Down 24.6%

Shares of Advance Auto Parts stock opened at $42.37 on Friday. The stock has a 50 day moving average of $56.94 and a 200 day moving average of $55.43. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 58.85, a PEG ratio of 0.93 and a beta of 1.03. Advance Auto Parts, Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $65.21.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The company’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. As a group, research analysts predict that Advance Auto Parts, Inc. will post 2.94 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 9th. Advance Auto Parts’s payout ratio is 138.89%.

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.