Advance Auto Parts, Inc. (NYSE:AAP) Stock Has Average Price Target of $47.61

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have earned a consensus rating of “Reduce” from the twenty-one brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $47.61.

Several equities research analysts recently weighed in on AAP shares. JPMorgan Chase & Co. reduced their price target on shares of Advance Auto Parts from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, August 21st. Rothschild & Co Redburn cut Advance Auto Parts from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $45.00 to $32.00 in a research report on Monday, October 26th. Evercore set a $45.00 target price on Advance Auto Parts in a research note on Tuesday, October 6th. Royal Bank Of Canada cut their target price on Advance Auto Parts from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Friday, October 23rd. Finally, DA Davidson reduced their target price on Advance Auto Parts from $58.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, August 21st.

Advance Auto Parts Trading Up 6.5%

Shares of AAP opened at $50.66 on Monday. The firm’s 50-day moving average price is $43.18 and its 200-day moving average price is $51.68. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.92 and a beta of 1.02. The company has a current ratio of 1.75, a quick ratio of 0.85 and a debt-to-equity ratio of 1.50. Advance Auto Parts has a 1-year low of $37.89 and a 1-year high of $65.20.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business posted $0.69 EPS. The firm’s revenue for the quarter 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. Sell-side analysts anticipate that Advance Auto Parts will post 2.92 EPS for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, October 9th. Advance Auto Parts’s dividend payout ratio is currently 72.99%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Private Management Group Inc. increased its holdings in shares of Advance Auto Parts by 25.1% in the 3rd quarter. Private Management Group Inc. now owns 581,659 shares of the company’s stock worth $22,632,000 after buying an additional 116,523 shares during the last quarter. Fulcrum Asset Management LLP raised its position in shares of Advance Auto Parts by 32,142.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 61,906 shares of the company’s stock valued at $2,460,000 after buying an additional 61,714 shares in the last quarter. CenterBook Partners LP lifted its holdings in shares of Advance Auto Parts by 120.8% in the 3rd quarter. CenterBook Partners LP now owns 16,026 shares of the company’s stock valued at $624,000 after acquiring an additional 8,769 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Advance Auto Parts by 36.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 426,060 shares of the company’s stock valued at $16,578,000 after acquiring an additional 114,945 shares during the last quarter. Finally, Bfsg LLC lifted its holdings in shares of Advance Auto Parts by 12.8% in the 3rd quarter. Bfsg LLC now owns 4,584 shares of the company’s stock valued at $178,000 after acquiring an additional 520 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Company Profile

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.