Advance Auto Parts, Inc. (NYSE:AAP) Receives Consensus Rating of “Reduce” from Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has received a consensus rating of “Reduce” from the twenty-two ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $52.7732.

A number of analysts have recently issued reports on AAP shares. Wall Street Zen raised Advance Auto Parts from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Evercore ISI lifted their target price on Advance Auto Parts from $56.00 to $58.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 12th. Roth Capital reaffirmed a “neutral” rating and set a $55.00 target price (up from $50.00) on shares of Advance Auto Parts in a research report on Monday. Wolfe Research started coverage on Advance Auto Parts in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Finally, UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research report on Tuesday, October 21st.

Advance Auto Parts Trading Down 3.2%

NYSE:AAP opened at $55.16 on Thursday. The business’s 50-day moving average is $58.38 and its two-hundred day moving average is $51.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.27 and a quick ratio of 0.49. Advance Auto Parts has a 12 month low of $28.89 and a 12 month high of $70.00. The firm has a market capitalization of $3.31 billion, a PE ratio of -8.66 and a beta of 1.08.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, July 24th. The company reported ($0.22) earnings per share (EPS) for the quarter. Advance Auto Parts had a negative return on equity of 1.97% and a negative net margin of 4.37%.The business had revenue of $2.58 billion for the quarter. Advance Auto Parts has set its Q2 2025 guidance at EPS. Research analysts predict that Advance Auto Parts will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, October 10th. Advance Auto Parts’s dividend payout ratio (DPR) is -15.70%.

Hedge Funds Weigh In On Advance Auto Parts

A number of hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC grew its stake in Advance Auto Parts by 1.9% in the second quarter. Pzena Investment Management LLC now owns 4,394,964 shares of the company’s stock worth $204,322,000 after purchasing an additional 82,456 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Advance Auto Parts by 3.0% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,552,475 shares of the company’s stock worth $139,293,000 after purchasing an additional 102,921 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Advance Auto Parts by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,701 shares of the company’s stock worth $107,500,000 after purchasing an additional 13,412 shares in the last quarter. State Street Corp grew its stake in Advance Auto Parts by 13.5% in the second quarter. State Street Corp now owns 2,406,039 shares of the company’s stock worth $111,857,000 after purchasing an additional 286,148 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Advance Auto Parts by 75.7% in the second quarter. Federated Hermes Inc. now owns 2,387,325 shares of the company’s stock worth $110,987,000 after purchasing an additional 1,028,561 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.