Advance Auto Parts, Inc. (NYSE:AAP – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $50.99 and traded as high as $57.75. Advance Auto Parts shares last traded at $55.8750, with a volume of 1,540,451 shares changing hands.
Key Headlines Impacting Advance Auto Parts
Here are the key news stories impacting Advance Auto Parts this week:
- Positive Sentiment: Advance Auto Parts crossed above its 200-day moving average, a technical signal that can attract momentum-focused buyers. Advance Auto Parts (NYSE:AAP) Shares Cross Above 200-Day Moving Average – Here’s What Happened
- Positive Sentiment: Zacks highlighted Advance Auto Parts as a top long-term value stock, which may support investor confidence in the turnaround and valuation case. Why Advance Auto Parts (AAP) is a Top Value Stock for the Long-Term
- Neutral Sentiment: Brokerages currently rate Advance Auto Parts at an average recommendation of “Hold,” suggesting analysts are not strongly bearish but also not broadly bullish. Advance Auto Parts, Inc. (NYSE:AAP) Given Average Recommendation of “Hold” by Brokerages
- Negative Sentiment: Zacks Research trimmed several forward EPS estimates, including Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q3 2027, Q4 2027, Q1 2028, and FY2027, which could pressure sentiment if investors view the revisions as a sign of slower profit growth ahead.
- Positive Sentiment: Zacks did raise its FY2026 EPS estimate, which partially offsets the weaker near-term and longer-dated revisions.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Truist Financial boosted their price target on Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a research note on Thursday, May 21st. 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, May 22nd. Deutsche Bank Aktiengesellschaft upgraded Advance Auto Parts to a “buy” rating in a research note on Friday, May 22nd. Finally, DA Davidson set a $58.00 price target on Advance Auto Parts in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $58.66.
Advance Auto Parts Trading Up 1.6%
The business has a 50-day moving average price of $55.31 and a two-hundred day moving average price of $51.04. The stock has a market capitalization of $3.43 billion, a P/E ratio of 78.91, a P/E/G ratio of 0.92 and a beta of 1.05. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54.
Advance Auto Parts (NYSE:AAP – Get Free Report) last released its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, analysts expect that Advance Auto Parts, Inc. will post 2.95 EPS for the current fiscal year.
Advance Auto Parts Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Advance Auto Parts’s payout ratio is 138.89%.
Hedge Funds Weigh In On Advance Auto Parts
A number of institutional investors have recently modified their holdings of AAP. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advance Auto Parts during the 3rd quarter worth $31,000. AlphaCore Capital LLC grew its position in Advance Auto Parts by 6,288.9% during the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 566 shares during the last quarter. Hantz Financial Services Inc. grew its position in Advance Auto Parts by 184.5% during the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after acquiring an additional 596 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Advance Auto Parts by 290.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after acquiring an additional 688 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Advance Auto Parts during the 3rd quarter worth $52,000. Institutional investors and hedge funds 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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