Advance Auto Parts (NYSE:AAP) Stock Moved Down to Sell by Rothschild & Co Redburn

Advance Auto Parts (NYSE:AAP) was downgraded by investment analysts at Rothschild & Co Redburn from a “neutral” rating to a “sell” rating in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $32.00 price objective on the stock, down from their prior price objective of $45.00. Rothschild & Co Redburn‘s target price would suggest a potential downside of 31.45% from the company’s previous close.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price objective on Advance Auto Parts from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. UBS Group reduced their price objective on Advance Auto Parts from $65.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Advance Auto Parts in a research report on Friday, August 21st. DA Davidson reduced their target price on shares of Advance Auto Parts from $58.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, August 21st. Finally, The Goldman Sachs Group set a $49.00 price target on shares of Advance Auto Parts in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $47.61.

Advance Auto Parts Trading Down 0.5%

Shares of Advance Auto Parts stock opened at $46.68 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85. The firm has a fifty day moving average price of $43.47 and a 200 day moving average price of $51.53. Advance Auto Parts has a 1 year low of $37.89 and a 1 year high of $65.20. The stock has a market cap of $2.82 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Thursday, August 20th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.22. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities research analysts predict that Advance Auto Parts will post 2.95 earnings per share for the current year.

Institutional Trading of Advance Auto Parts

Several institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new stake in Advance Auto Parts during the second quarter worth about $25,000. State of Wyoming purchased a new stake in Advance Auto Parts during the second quarter worth about $34,000. PNC Financial Services Group Inc. increased its stake in Advance Auto Parts by 9.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares during the period. Nykredit A S purchased a new stake in Advance Auto Parts during the second quarter worth about $155,000. Finally, Blue Trust Inc. increased its stake in Advance Auto Parts by 29.8% during the first quarter. Blue Trust Inc. now owns 3,729 shares of the company’s stock worth $197,000 after purchasing an additional 856 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

About Advance Auto Parts

Advance Auto Parts, Inc is a specialty retailer and distributor of automotive aftermarket parts, accessories, and maintenance products. The company serves both do-it-yourself customers and professional repair shops, offering products such as replacement parts, batteries, engine and drivetrain components, filters, fluids, tools, and other automotive supplies.

The company operates through a network of stores, distribution centers, and online channels under the Advance Auto Parts and Carquest brands.