Advance Auto Parts, Inc. (AAP) to Distribute Quarterly Dividend of $0.25 on July 24th

Advance Auto Parts, Inc. (NYSE:AAP) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.25 per share on Friday, July 24th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, July 10th.

Advance Auto Parts has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.8%

Shares of AAP stock opened at $55.87 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. The firm has a market cap of $3.37 billion, a P/E ratio of 77.60, a PEG ratio of 0.93 and a beta of 1.03. The company has a 50 day moving average of $57.30 and a 200-day moving average of $52.58. Advance Auto Parts has a 12-month low of $37.89 and a 12-month high of $70.00.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.38. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.Advance Auto Parts’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Sell-side analysts anticipate that Advance Auto Parts will post 2.94 earnings per share for the current year.

Hedge Funds Weigh In On Advance Auto Parts

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Advance Auto Parts by 107.2% in the 1st quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock valued at $3,119,000 after purchasing an additional 41,157 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Advance Auto Parts by 327.7% in the first quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock worth $14,230,000 after buying an additional 278,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 buying an additional 23,018 shares during the period. Hsbc Holdings PLC increased its stake in Advance Auto Parts by 3.1% in the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after acquiring an additional 191 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Advance Auto Parts by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock valued at $2,640,000 after acquiring an additional 1,515 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

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.