DA Davidson Has Bearish Estimate for AAP FY2026 Earnings

Advance Auto Parts, Inc. (NYSE:AAP) – Equities researchers at DA Davidson cut their FY2026 earnings per share estimates for Advance Auto Parts in a report issued on Thursday, March 6th. DA Davidson analyst M. Baker now anticipates that the company will post earnings of $3.72 per share for the year, down from their prior estimate of $3.83. DA Davidson currently has a “Neutral” rating and a $45.00 target price on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is ($0.46) per share.

AAP has been the topic of a number of other research reports. Evercore ISI upped their price objective on Advance Auto Parts from $45.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group dropped their price objective on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. UBS Group upped their price objective on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Wedbush reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a report on Monday, March 3rd. Finally, BMO Capital Markets dropped their price objective on Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $46.69.

Advance Auto Parts Trading Up 5.4 %

Shares of AAP stock opened at $35.45 on Friday. The business’s fifty day moving average price is $45.14 and its 200 day moving average price is $42.99. Advance Auto Parts has a 1-year low of $33.08 and a 1-year high of $88.56. The firm has a market capitalization of $2.12 billion, a PE ratio of 48.56, a P/E/G ratio of 1.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62.

Institutional Trading of Advance Auto Parts

Several institutional investors and hedge funds have recently made changes to their positions in AAP. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Advance Auto Parts during the third quarter worth about $14,684,000. Wolverine Asset Management LLC lifted its position in Advance Auto Parts by 212.4% during the third quarter. Wolverine Asset Management LLC now owns 31,357 shares of the company’s stock worth $1,223,000 after buying an additional 21,320 shares during the period. Blue Trust Inc. lifted its position in Advance Auto Parts by 75.9% during the fourth quarter. Blue Trust Inc. now owns 2,119 shares of the company’s stock worth $100,000 after buying an additional 914 shares during the period. Quest Partners LLC purchased a new position in Advance Auto Parts during the third quarter worth about $579,000. Finally, Moody National Bank Trust Division purchased a new position in Advance Auto Parts during the fourth quarter worth about $1,196,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.82%. Advance Auto Parts’s dividend payout ratio is currently -17.86%.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.