Advance Auto Parts (NYSE:AAP) Given New $51.00 Price Target at Royal Bank Of Canada

Advance Auto Parts (NYSE:AAP) had its target price hoisted by Royal Bank Of Canada from $49.00 to $51.00 in a report issued on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other research firms have also commented on AAP. TD Cowen reduced their price target on shares of Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 20th. JPMorgan Chase & Co. lowered their price objective on 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. Citigroup increased 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, October 23rd. Wells Fargo & Company cut their target price on Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Finally, Rothschild & Co Redburn downgraded Advance Auto Parts from a “neutral” rating to a “sell” rating and reduced their target price for the company from $45.00 to $32.00 in a research report on Monday, October 26th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Advance Auto Parts currently has a consensus rating of “Hold” and a consensus price target of $47.28.

Advance Auto Parts Trading Down 5.1%

NYSE AAP traded down $2.45 on Friday, reaching $45.67. 1,667,684 shares of the company were exchanged, compared to its average volume of 1,462,707. The business’s fifty day moving average price is $43.30 and its 200 day moving average price is $51.73. The stock has a market capitalization of $2.76 billion, a P/E ratio of 27.85, a price-to-earnings-growth 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 fifty-two week low of $37.89 and a fifty-two week high of $65.20.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Thursday, November 5th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts forecast that Advance Auto Parts will post 2.92 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 22nd. Shareholders of record on Friday, January 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, January 8th. Advance Auto Parts’s dividend payout ratio is 72.99%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Advance Auto Parts in the 2nd quarter valued at $581,909,000. Pzena Investment Management LLC boosted its holdings in Advance Auto Parts by 13.6% during the 3rd quarter. Pzena Investment Management LLC now owns 4,986,453 shares of the company’s stock valued at $194,023,000 after acquiring an additional 596,952 shares during the period. Maple Rock Capital Partners Inc. grew its position in Advance Auto Parts by 86.5% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 2,421,040 shares of the company’s stock valued at $150,637,000 after acquiring an additional 1,122,900 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Advance Auto Parts by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock valued at $112,243,000 after acquiring an additional 282,591 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Advance Auto Parts by 4.5% in the 1st quarter. Bank of America Corp DE now owns 1,056,281 shares of the company’s stock valued at $55,719,000 after acquiring an additional 45,696 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Advance Auto Parts News Roundup

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to $51 from $49 while maintaining a “sector perform” rating. The new target represented about 11.7% upside from the cited $45.67 share price. Royal Bank of Canada recommendations
• Positive Sentiment: Third-quarter adjusted earnings of $0.79 per share topped the $0.77 consensus estimate, providing a modest earnings bright spot. Advance Auto Parts Q3 earnings top estimates
• Positive Sentiment: The company declared a $0.25 dividend, offering continued income to shareholders. Advance Auto Parts declares dividend
• Negative Sentiment: Revenue was $2.01 billion, below the $2.04 billion analyst estimate and down 1.2% year over year. EPS also fell from $0.92 in the year-ago quarter, tempering the impact of the earnings beat. Advance Auto Parts Q3 results
• Negative Sentiment: Advance Auto Parts updated and narrowed its full-year 2026 outlook. The guidance revision, alongside the revenue shortfall, appears to have overshadowed the small EPS beat and contributed to a cautious investor response. Advance Auto Parts narrows 2026 outlook

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.