Brokerages Set Advance Auto Parts, Inc. (NYSE:AAP) Target Price at $58.66

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have been assigned a consensus rating of “Hold” from the twenty research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $58.6575.

Several equities analysts recently issued reports on AAP shares. TD Cowen reissued a “hold” rating on shares of Advance Auto Parts in a research note on Friday, May 22nd. BMO Capital Markets lifted their target price on Advance Auto Parts from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, May 22nd. Wells Fargo & Company boosted their price target on shares of Advance Auto Parts from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Weiss Ratings raised shares of Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada increased their price target on shares of Advance Auto Parts from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Friday, May 22nd.

Institutional Trading of Advance Auto Parts

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Advance Auto Parts during the 3rd quarter worth about $31,000. AlphaCore Capital LLC grew its position in shares of Advance Auto Parts by 53.6% during the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after buying an additional 596 shares during the period. Smartleaf Asset Management LLC raised its holdings in Advance Auto Parts by 290.3% in the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after acquiring an additional 688 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in Advance Auto Parts in the fourth quarter valued at approximately $55,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $57.75 on Friday. Advance Auto Parts has a fifty-two week low of $37.89 and a fifty-two week high of $65.21. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. The company has a 50 day moving average price of $57.46 and a 200 day moving average price of $54.02. The stock has a market capitalization of $3.49 billion, a P/E ratio of 80.21, a PEG ratio of 0.92 and a beta of 1.03.

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

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

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.