Estuary Capital Management LP Sells 262,976 Shares of Advance Auto Parts, Inc. $AAP

Estuary Capital Management LP cut its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 28.0% in the 1st quarter, Holdings Channel reports. The fund owned 677,616 shares of the company’s stock after selling 262,976 shares during the quarter. Advance Auto Parts accounts for approximately 6.0% of Estuary Capital Management LP’s portfolio, making the stock its 7th biggest position. Estuary Capital Management LP’s holdings in Advance Auto Parts were worth $35,744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Advance Auto Parts in the 3rd quarter valued at approximately $31,000. AlphaCore Capital LLC raised its stake 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 purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. raised 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 purchasing an additional 596 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after purchasing an additional 688 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Advance Auto Parts during the fourth quarter worth $55,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Advance Auto Parts Stock Up 3.5%

Advance Auto Parts stock opened at $57.75 on Tuesday. The stock’s 50 day moving average price is $57.46 and its 200 day moving average price is $54.02. Advance Auto Parts, Inc. has a 1-year low of $37.89 and a 1-year high of $65.21. The company has a market cap of $3.49 billion, a PE ratio of 80.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. Advance Auto Parts’s 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. On average, sell-side analysts predict that Advance Auto Parts, Inc. will post 2.94 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio is 138.89%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Wells Fargo & Company upped their price objective on shares of Advance Auto Parts from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. BMO Capital Markets raised their target price on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, May 22nd. Truist Financial lifted their target price on shares of Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $58.66.

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.