Advance Auto Parts, Inc. (NYSE:AAP – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, July 10th will be given a dividend of 0.25 per share on Friday, July 24th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, July 10th.
Advance Auto Parts has a dividend payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advance Auto Parts to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.5%.
Advance Auto Parts Stock Down 1.7%
Advance Auto Parts stock opened at $57.63 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.87 and a current ratio of 1.78. The business’s 50-day simple moving average is $53.93 and its two-hundred day simple moving average is $50.42. The company has a market cap of $3.48 billion, a PE ratio of 80.04, a PEG ratio of 1.03 and a beta of 1.06. Advance Auto Parts has a fifty-two week low of $37.89 and a fifty-two week high of $70.00.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on AAP shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Advance Auto Parts in a research note on Friday, May 15th. The Goldman Sachs Group boosted their price target on Advance Auto Parts from $49.00 to $54.00 and gave the company a “sell” rating in a research note on Friday. DA Davidson set a $58.00 target price on Advance Auto Parts in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lowered their target price on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, Morgan Stanley upped their target price on Advance Auto Parts from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $57.15.
Check Out Our Latest Stock Analysis on Advance Auto Parts
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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