Advance Auto Parts, Inc. (NYSE:AAP) announced a quarterly dividend on Tuesday, February 21st. Investors of record on Friday, March 24th will be given a dividend of 0.06 per share on Friday, April 7th. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Wednesday, March 22nd.
Shares of Advance Auto Parts (NYSE:AAP) opened at 152.44 on Tuesday. The company has a market cap of $11.21 billion, a P/E ratio of 24.59 and a beta of 1.10. The company has a 50-day moving average price of $158.84 and a 200-day moving average price of $158.49. Advance Auto Parts has a 52-week low of $132.98 and a 52-week high of $177.83.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, February 21st. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.09. The company earned $2.08 billion during the quarter, compared to analysts’ expectations of $2 billion. Advance Auto Parts had a return on equity of 20.42% and a net margin of 4.75%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS. On average, equities analysts predict that Advance Auto Parts will post $7.59 EPS for the current year.
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A number of brokerages have commented on AAP. Wedbush restated an “outperform” rating on shares of Advance Auto Parts in a research report on Tuesday, December 13th. Barclays PLC upped their price target on Advance Auto Parts from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 22nd. BTIG Research restated a “sell” rating and issued a $120.00 price target on shares of Advance Auto Parts in a research report on Tuesday, January 24th. Atlantic Securities began coverage on Advance Auto Parts in a research report on Wednesday, December 14th. They issued an “overweight” rating and a $215.00 price target for the company. Finally, Cleveland Research upgraded Advance Auto Parts from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $173.08.
In related news, EVP Charles E. Tyson sold 18,944 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $153.46, for a total transaction of $2,907,146.24. Following the completion of the transaction, the executive vice president now directly owns 21,948 shares of the company’s stock, valued at $3,368,140.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Greco purchased 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were purchased at an average cost of $154.29 per share, with a total value of $1,002,885.00. Following the completion of the purchase, the insider now owns 107,936 shares of the company’s stock, valued at approximately $16,653,445.44. The disclosure for this purchase can be found here. 4.50% of the stock is currently owned by corporate insiders.
Advance Auto Parts Company Profile
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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