Advance Auto Parts, Inc. (NYSE:AAP) Receives Consensus Recommendation of “Reduce” from Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has been given a consensus rating of “Reduce” by the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $52.9311.

A number of equities analysts have weighed in on AAP shares. TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, February 17th. Roth Mkm reissued a “neutral” rating and set a $57.00 target price on shares of Advance Auto Parts in a research report on Thursday, February 19th. Evercore set a $60.00 target price on shares of Advance Auto Parts in a research note on Wednesday, February 11th. Royal Bank Of Canada lifted their price target on shares of Advance Auto Parts from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, January 21st.

Advance Auto Parts Trading Down 2.2%

Shares of AAP opened at $51.54 on Friday. Advance Auto Parts has a 12 month low of $28.89 and a 12 month high of $70.00. The stock’s 50-day moving average is $51.61 and its two-hundred day moving average is $51.22. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.75 and a quick ratio of 0.87. The stock has a market cap of $3.10 billion, a PE ratio of 70.61, a P/E/G ratio of 0.70 and a beta of 1.11.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.45. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Equities analysts forecast that Advance Auto Parts will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, April 10th. Advance Auto Parts’s payout ratio is presently 136.99%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Amalgamated Bank increased its holdings in Advance Auto Parts by 1.1% during the 3rd quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after purchasing an additional 185 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Advance Auto Parts by 3.1% in the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after purchasing an additional 191 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Advance Auto Parts by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock valued at $1,089,000 after buying an additional 272 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Advance Auto Parts by 2.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 14,535 shares of the company’s stock valued at $676,000 after buying an additional 283 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Advance Auto Parts by 0.6% during the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after buying an additional 297 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

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.