Advance Auto Parts (NYSE:AAP – Free Report) had its target price reduced by Truist Financial from $57.00 to $55.00 in a report released on Wednesday morning, MarketBeat.com reports. They currently have a hold rating on the stock.
Several other research firms have also recently commented on AAP. Roth Mkm reiterated a “neutral” rating and set a $57.00 price target on shares of Advance Auto Parts in a report on Thursday, February 19th. Morgan Stanley set a $60.00 price target on shares of Advance Auto Parts in a report on Tuesday, February 17th. Citigroup boosted their price target on shares of Advance Auto Parts from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada lowered their price target on shares of Advance Auto Parts from $63.00 to $62.00 and set a “sector perform” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $52.88.
Read Our Latest Stock Report on AAP
Advance Auto Parts Trading Down 6.3%
Advance Auto Parts (NYSE:AAP – Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.45. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Equities research analysts predict that Advance Auto Parts will post 2.77 EPS for the current fiscal year.
Institutional Trading of Advance Auto Parts
Several institutional investors have recently modified their holdings of AAP. Savoir Faire Capital Management L.P. raised its position in Advance Auto Parts by 11.4% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 226,990 shares of the company’s stock valued at $13,937,000 after purchasing an additional 23,172 shares during the last quarter. Federated Hermes Inc. raised its position in Advance Auto Parts by 12.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company’s stock valued at $165,413,000 after purchasing an additional 306,702 shares during the last quarter. CSM Advisors LLC raised its position in Advance Auto Parts by 71.6% in the 3rd quarter. CSM Advisors LLC now owns 89,867 shares of the company’s stock valued at $5,517,000 after purchasing an additional 37,486 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Advance Auto Parts in the 3rd quarter valued at $1,840,000. Finally, Fluent Financial LLC purchased a new stake in Advance Auto Parts in the 4th quarter valued at $6,228,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.
Advance Auto Parts Company Profile
Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.
The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.
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