Fox Run Management L.L.C. Makes New $948,000 Investment in Advance Auto Parts, Inc. $AAP

Fox Run Management L.L.C. bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,438 shares of the company’s stock, valued at approximately $948,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. increased its stake in shares of Advance Auto Parts by 12.8% in the third quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company’s stock valued at $165,413,000 after buying an additional 306,702 shares during the period. State Street Corp grew its holdings in Advance Auto Parts by 13.5% during the 2nd quarter. State Street Corp now owns 2,406,039 shares of the company’s stock worth $111,857,000 after acquiring an additional 286,148 shares during the last quarter. Geode Capital Management LLC increased its position in Advance Auto Parts by 48.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,416,636 shares of the company’s stock valued at $65,867,000 after acquiring an additional 461,761 shares during the period. Bank of America Corp DE raised its stake in shares of Advance Auto Parts by 6.5% during the second quarter. Bank of America Corp DE now owns 947,754 shares of the company’s stock valued at $44,061,000 after acquiring an additional 57,900 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in shares of Advance Auto Parts by 0.4% during the second quarter. Segall Bryant & Hamill LLC now owns 790,824 shares of the company’s stock valued at $36,765,000 after acquiring an additional 3,265 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAP. BMO Capital Markets boosted their price objective on shares of Advance Auto Parts from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Wells Fargo & Company lifted their target price on Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. increased their price target on Advance Auto Parts from $44.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings restated a “sell (d)” rating on shares of Advance Auto Parts in a research report on Wednesday, January 21st. Finally, Truist Financial lifted their price objective on Advance Auto Parts from $48.00 to $57.00 and gave the stock a “hold” rating in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and an average target price of $53.03.

Advance Auto Parts Price Performance

Shares of AAP opened at $52.00 on Friday. The firm has a market cap of $3.13 billion, a PE ratio of 71.23, a price-to-earnings-growth ratio of 0.68 and a beta of 1.14. Advance Auto Parts, Inc. has a 52-week low of $28.89 and a 52-week high of $70.00. The business’s 50 day moving average price is $47.46 and its two-hundred day moving average price is $52.28. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75.

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

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 136.99%.

Advance Auto Parts 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.