Analysts Set Advance Auto Parts, Inc. (NYSE:AAP) Target Price at $58.66

Advance Auto Parts, Inc. (NYSE:AAP) has been given a consensus rating of “Hold” by the twenty analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seventeen 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 updated their coverage on the stock in the last year is $58.6575.

A number of equities research analysts have issued reports on AAP shares. Royal Bank Of Canada boosted their price target on Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, May 22nd. TD Cowen reissued a “hold” rating on shares of Advance Auto Parts in a report on Friday, May 22nd. JPMorgan Chase & Co. reduced their target price on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Wells Fargo & Company increased their price target 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. Finally, BMO Capital Markets lifted their price target 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.

Advance Auto Parts Stock Performance

AAP traded down $0.19 during mid-day trading on Tuesday, reaching $56.14. 429,470 shares of the company traded hands, compared to its average volume of 1,853,862. The stock has a market capitalization of $3.39 billion, a P/E ratio of 78.06, a P/E/G ratio of 1.01 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. The company’s fifty day moving average price is $57.35 and its 200-day moving average price is $52.48. Advance Auto Parts has a 52-week low of $37.89 and a 52-week high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the business posted $0.40 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, sell-side analysts expect that Advance Auto Parts will post 2.94 EPS for the current year.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

Institutional Trading of Advance Auto Parts

Several hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Advance Auto Parts during the 3rd quarter valued at about $31,000. AlphaCore Capital LLC raised its stake in Advance Auto Parts by 6,288.9% during the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 566 shares during the period. Hantz Financial Services Inc. raised its stake in Advance Auto Parts by 184.5% during the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after acquiring an additional 596 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after purchasing an additional 688 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in Advance Auto Parts during the fourth quarter valued at approximately $55,000. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Company Profile

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.