Advance Auto Parts, Inc. (NYSE:AAP) Stock Now Rated “Hold” by Sell-Side Brokerages

Advance Auto Parts, Inc. (NYSE:AAP) has been assigned an average recommendation of “Hold” from the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $48.94.

AAP has been the topic of a number of analyst reports. Royal Bank Of Canada reduced their price target on Advance Auto Parts from $67.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Friday, August 21st. DA Davidson lowered their price objective on Advance Auto Parts from $58.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, August 21st. Roth Capital set a $48.00 price objective on Advance Auto Parts in a research report on Friday, August 21st. JPMorgan Chase & Co. cut their price objective on Advance Auto Parts from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, August 21st. Finally, Weiss Ratings cut Advance Auto Parts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday.

Hedge Funds Weigh In On Advance Auto Parts

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Advance Auto Parts during the 2nd quarter worth about $581,909,000. Pzena Investment Management LLC acquired a new position in shares of Advance Auto Parts in the 2nd quarter valued at about $273,115,000. Maple Rock Capital Partners Inc. boosted its position in shares of Advance Auto Parts by 86.5% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 2,421,040 shares of the company’s stock valued at $150,637,000 after purchasing an additional 1,122,900 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Advance Auto Parts by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock valued at $112,243,000 after purchasing an additional 282,591 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Advance Auto Parts during the 2nd quarter valued at about $59,626,000. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $41.81 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.75. Advance Auto Parts has a 52 week low of $37.89 and a 52 week high of $65.20. The firm has a market cap of $2.53 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.07. The firm’s fifty day moving average is $45.66 and its 200-day moving average is $52.56.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Thursday, August 20th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%. Advance Auto Parts’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Sell-side analysts predict that Advance Auto Parts will post 2.99 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 9th. This represents a $1.00 annualized dividend and a yield of 2.4%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 72.99%.

About Advance Auto Parts

Advance Auto Parts, Inc is an automotive aftermarket parts provider that sells replacement parts, accessories, maintenance products and equipment for cars, trucks and other vehicles. The company serves do-it-yourself customers as well as professional repair shops and commercial customers.

Its product offerings include batteries, brakes, filters, engine and drivetrain components, electrical parts, tools, fluids, chemicals and related accessories. Advance Auto Parts serves customers through a network of stores, distribution facilities and digital ordering channels, with services such as in-store pickup, delivery and commercial parts delivery supporting its retail and professional businesses.

Founded in 1929, the company operates primarily in the United States and also has a presence in Canada and other North American markets.