Shares of Advance Auto Parts Inc (NYSE:AAP) have been given a consensus rating of “Hold” by the twenty-five ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $116.22.
A number of research analysts recently commented on AAP shares. Bank of America Corporation lowered their price objective on shares of Advance Auto Parts from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $160.00 price objective (down from $185.00) on shares of Advance Auto Parts in a research report on Sunday, May 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, May 31st. BTIG Research reaffirmed a “sell” rating and set a $109.00 price objective (down from $120.00) on shares of Advance Auto Parts in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $139.00 price objective (down from $164.00) on shares of Advance Auto Parts in a research report on Friday, July 21st.
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Shares of Advance Auto Parts (AAP) traded down 0.51% during trading on Friday, hitting $99.51. 2,586,874 shares of the company’s stock were exchanged. Advance Auto Parts has a 1-year low of $82.21 and a 1-year high of $177.83. The stock’s 50 day moving average is $100.43 and its 200 day moving average is $126.42. The firm has a market capitalization of $7.35 billion, a PE ratio of 19.87 and a beta of 0.90.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.07). Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts forecast that Advance Auto Parts will post $5.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, September 21st. Advance Auto Parts’s payout ratio is currently 4.80%.
Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in Advance Auto Parts by 7.5% during the 1st quarter. Van ECK Associates Corp now owns 966 shares of the company’s stock valued at $143,000 after purchasing an additional 67 shares during the last quarter. Global X Management Co. LLC raised its stake in Advance Auto Parts by 28.9% during the 1st quarter. Global X Management Co. LLC now owns 972 shares of the company’s stock valued at $144,000 after purchasing an additional 218 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Advance Auto Parts during the 1st quarter valued at $148,000. Tobam acquired a new position in Advance Auto Parts during the 2nd quarter valued at $118,000. Finally, QS Investors LLC raised its stake in Advance Auto Parts by 0.9% during the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock valued at $119,000 after purchasing an additional 9 shares during the last quarter.
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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