Advance Auto Parts (NYSE:AAP) Stock Gets Price Target Trim from Royal Bank Of Canada

Advance Auto Parts (NYSE:AAP) had its target price decreased by Royal Bank Of Canada from $52.00 to $49.00 in a research report report published on Friday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other analysts also recently issued reports on AAP. DA Davidson dropped their price target on 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. Citigroup upped their price objective on Advance Auto Parts from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley decreased their price objective on Advance Auto Parts from $65.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Guggenheim reiterated a “neutral” rating on shares of Advance Auto Parts in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. dropped their target price on Advance Auto Parts from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, August 21st. Two analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.94.

Advance Auto Parts Stock Up 0.1%

Shares of AAP stock opened at $46.98 on Friday. The firm has a fifty day moving average of $43.42 and a 200-day moving average of $52.05. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50. Advance Auto Parts has a 12-month low of $37.89 and a 12-month high of $65.20. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 0.76 and a beta of 1.07.

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

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, October 9th. Advance Auto Parts’s payout ratio is presently 72.99%.

Hedge Funds Weigh In On Advance Auto Parts

A number of large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings 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 valued at $117,000 after purchasing an additional 200 shares during the period. Hsbc Holdings PLC increased its position in Advance Auto Parts by 4.7% in the second quarter. Hsbc Holdings PLC now owns 7,879 shares of the company’s stock worth $490,000 after buying an additional 355 shares during the last quarter. Allworth Financial LP purchased a new stake in Advance Auto Parts in the second quarter worth $25,000. State of Wyoming bought a new stake in shares of Advance Auto Parts in the second quarter valued at $34,000. Finally, Blue Trust Inc. raised its stake in shares of Advance Auto Parts by 29.8% in the first quarter. Blue Trust Inc. now owns 3,729 shares of the company’s stock valued at $197,000 after buying an additional 856 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.