Shares of Advance Auto Parts, Inc. (NYSE:AAP) have received a consensus recommendation of “Hold” from the twenty-six brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $111.09.
AAP has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Advance Auto Parts from $100.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Tuesday, January 16th. Morgan Stanley set a $120.00 target price on shares of Advance Auto Parts and gave the stock a “buy” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. lifted their target price on shares of Advance Auto Parts from $110.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, Citigroup lifted their target price on shares of Advance Auto Parts from $82.00 to $85.00 and gave the stock a “sell” rating in a research note on Wednesday, November 15th.
In related news, Director John C. Brouillard sold 1,745 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $116.08, for a total transaction of $202,559.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tammy M. Finley sold 342 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $116.35, for a total transaction of $39,791.70. The disclosure for this sale can be found here. 4.10% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Balentine LLC bought a new position in shares of Advance Auto Parts during the fourth quarter valued at about $100,000. Assetmark Inc. lifted its position in shares of Advance Auto Parts by 71.6% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the company’s stock valued at $148,000 after purchasing an additional 621 shares in the last quarter. FDx Advisors Inc. bought a new position in shares of Advance Auto Parts during the third quarter valued at about $201,000. IFM Investors Pty Ltd bought a new position in shares of Advance Auto Parts during the fourth quarter valued at about $207,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Advance Auto Parts during the fourth quarter valued at about $207,000.
Shares of Advance Auto Parts (AAP) traded up $0.04 during midday trading on Friday, reaching $117.10. 671,895 shares of the company were exchanged, compared to its average volume of 1,437,602. Advance Auto Parts has a fifty-two week low of $78.81 and a fifty-two week high of $154.23. The company has a market capitalization of $8,803.40, a P/E ratio of 18.14, a PEG ratio of 1.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 0.36.
Advance Auto Parts (NYSE:AAP) last announced its earnings results on Wednesday, February 21st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. Advance Auto Parts had a net margin of 5.07% and a return on equity of 12.45%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $1.00 earnings per share. Advance Auto Parts’s quarterly revenue was down 2.2% on a year-over-year basis. analysts anticipate that Advance Auto Parts will post 6.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 23rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, March 22nd. Advance Auto Parts’s payout ratio is currently 3.74%.
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Advance Auto Parts Company Profile
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. 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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