Advance Auto Parts, Inc. (NYSE:AAP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have earned a consensus recommendation of “Hold” from the twenty analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $50.1875.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Advance Auto Parts in a research report on Friday, August 21st. UBS Group lowered their price target on shares of Advance Auto Parts from $65.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Barclays dropped their price target on shares of Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Citigroup cut their price objective on Advance Auto Parts from $57.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Advance Auto Parts in a research report on Wednesday, August 26th.

Advance Auto Parts Trading Up 1.4%

Shares of NYSE AAP opened at $42.58 on Friday. Advance Auto Parts has a one year low of $37.89 and a one year high of $65.20. The firm has a market capitalization of $2.57 billion, a PE ratio of 31.08, a PEG ratio of 0.68 and a beta of 1.01. The company has a current ratio of 1.75, a quick ratio of 0.85 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average price of $50.29 and a two-hundred day moving average price of $53.71.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Thursday, August 20th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%.The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. As a group, analysts predict that Advance Auto Parts will post 2.98 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Advance Auto Parts’s dividend payout ratio (DPR) is 72.99%.

Institutional Investors Weigh In On Advance Auto Parts

Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Advance Auto Parts during the second quarter valued at approximately $581,909,000. Pzena Investment Management LLC bought a new stake in Advance Auto Parts in the second quarter worth approximately $273,115,000. Maple Rock Capital Partners Inc. grew its position in Advance Auto Parts by 86.5% in the second quarter. Maple Rock Capital Partners Inc. now owns 2,421,040 shares of the company’s stock worth $150,637,000 after acquiring an additional 1,122,900 shares in the last quarter. Bank of America Corp DE bought a new stake in Advance Auto Parts in the second quarter worth approximately $59,626,000. Finally, Private Management Group Inc. acquired a new position in shares of Advance Auto Parts during the 4th quarter worth $20,123,000. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc (NYSE:AAP) is an automotive aftermarket parts provider serving do-it-yourself customers, professional repair shops and commercial customers. The company sells replacement parts, accessories, maintenance items, batteries, engine components, tools and other products used to maintain and repair cars, trucks and other vehicles.

Advance Auto Parts serves customers through a network of retail stores, distribution centers and online channels. Its operations include the Advance Auto Parts and Carquest brands, with products available through company-operated locations, independently operated Carquest stores and commercial delivery programs for professional customers.

The company’s business primarily covers the United States, with additional operations and customer service in Canada and certain U.S.