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

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have received a consensus rating of “Hold” from the twenty brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $58.6575.

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a report on Friday, May 22nd. Royal Bank Of Canada upped their price objective on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. dropped their price objective on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Citigroup lifted their target price on Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, Truist Financial boosted their target price on Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a research note on Thursday, May 21st.

Hedge Funds Weigh In On Advance Auto Parts

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in Advance Auto Parts during the 3rd quarter worth approximately $31,000. AlphaCore Capital LLC boosted its holdings in shares of Advance Auto Parts by 53.6% in the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after buying an additional 308 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Advance Auto Parts by 184.5% in the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after buying an additional 596 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after acquiring an additional 688 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Advance Auto Parts during the fourth quarter worth $55,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $58.27 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. The stock has a market cap of $3.52 billion, a PE ratio of 80.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.03. The stock has a 50-day moving average of $57.78 and a 200-day moving average of $54.26. Advance Auto Parts has a one year low of $37.89 and a one year high of $65.21.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.38. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. Advance Auto Parts’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, sell-side analysts expect that Advance Auto Parts will post 2.94 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

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.