Advance Auto Parts’ (AAP) Neutral Rating Reiterated at DA Davidson

Advance Auto Parts (NYSE:AAP)‘s stock had its “neutral” rating reissued by equities researchers at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $47.00 price target on the stock. DA Davidson’s price target would suggest a potential downside of 18.04% from the stock’s previous close.

A number of other analysts have also commented on AAP. UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research report on Monday, February 9th. BMO Capital Markets raised their price objective on Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday. Royal Bank Of Canada upped their target price on Advance Auto Parts from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Cfra upgraded Advance Auto Parts to a “hold” rating in a report on Thursday, October 30th. Finally, Evercore set a $60.00 price target on shares of Advance Auto Parts in a research note on Wednesday, February 11th. Three research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.93.

Advance Auto Parts Trading Down 2.6%

Shares of Advance Auto Parts stock traded down $1.51 on Tuesday, hitting $57.35. 550,554 shares of the company’s stock traded hands, compared to its average volume of 2,099,009. The company has a fifty day moving average of $46.01 and a two-hundred day moving average of $52.35. Advance Auto Parts has a one year low of $28.89 and a one year high of $70.00. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 78.48 and a beta of 1.14. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.75 and a quick ratio of 0.87.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.45. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous 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, sell-side analysts expect that Advance Auto Parts will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in Advance Auto Parts in the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Advance Auto Parts in the 3rd quarter worth approximately $31,000. AlphaCore Capital LLC grew its holdings 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 acquiring an additional 566 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 acquiring an additional 499 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Advance Auto Parts during the third quarter valued at approximately $52,000. 88.70% of the stock is owned by institutional investors.

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.