Advance Auto Parts (NYSE:AAP) Stock Price Down 5.2% – Should You Sell?

by · The Cerbat Gem

Shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Free Report) were down 5.2% on Tuesday . The stock traded as low as $48.20 and last traded at $48.4480. Approximately 314,262 shares were traded during trading, a decline of 86% from the average daily volume of 2,325,475 shares. The stock had previously closed at $51.08.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAP shares. Mizuho boosted their price target on shares of Advance Auto Parts from $44.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Citigroup lowered their price objective on shares of Advance Auto Parts from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Argus reissued a “hold” rating and issued a $60.52 target price on shares of Advance Auto Parts in a research report on Friday, August 29th. Wells Fargo & Company upped their price target on Advance Auto Parts from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, August 15th. Finally, Wolfe Research began coverage on Advance Auto Parts in a research report on Thursday, September 18th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $51.78.

Read Our Latest Analysis on AAP

Advance Auto Parts Stock Down 1.6%

The firm has a market cap of $2.90 billion, a PE ratio of -7.67 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 1.73 and a debt-to-equity ratio of 1.55. The business has a 50-day moving average price of $51.88 and a two-hundred day moving average price of $54.89.

Advance Auto Parts (NYSE:AAP – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. Advance Auto Parts had a positive return on equity of 0.64% and a negative net margin of 4.37%.The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the business posted ($0.04) earnings per share. Advance Auto Parts’s revenue was down 5.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. On average, equities research analysts expect that Advance Auto Parts, Inc. will post -0.46 EPS for the current year.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Advance Auto Parts’s payout ratio is currently -15.90%.

Insiders Place Their Bets

In related news, EVP Kristen L. Soler sold 7,662 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $51.00, for a total value of $390,762.00. Following the sale, the executive vice president owned 23,165 shares of the company’s stock, valued at $1,181,415. This trade represents a 24.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advance Auto Parts

A number of large investors have recently modified their holdings of AAP. Cetera Investment Advisers acquired a new position in shares of Advance Auto Parts during the first quarter worth $335,000. Charles Schwab Investment Management Inc. lifted its holdings in Advance Auto Parts by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 674,178 shares of the company’s stock worth $26,435,000 after buying an additional 24,259 shares during the last quarter. Nuveen LLC purchased a new stake in Advance Auto Parts during the 1st quarter worth about $7,300,000. Public Sector Pension Investment Board boosted its position in shares of Advance Auto Parts by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 188,159 shares of the company’s stock worth $7,378,000 after acquiring an additional 40,323 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Advance Auto Parts by 82.1% during the 1st quarter. Russell Investments Group Ltd. now owns 267,729 shares of the company’s stock worth $10,498,000 after acquiring an additional 120,709 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Advance Auto Parts Company Profile

(Get Free Report)

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.

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