Advance Auto Parts, Inc. (NYSE:AAP) Given Average Recommendation of "Hold" by Brokerages

Advance Auto Parts, Inc. (NYSE:AAP - Get Free Report) has been given a consensus rating of "Hold" by the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.13.

AAP has been the topic of a number of research analyst reports. Citigroup dropped their price target on Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Wedbush restated an "outperform" rating and set a $55.00 price target on shares of Advance Auto Parts in a research note on Monday, March 3rd. Truist Financial lowered their price objective on shares of Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Evercore ISI cut their target price on Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating on the stock in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada lowered their price target on Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th.

Advance Auto Parts Stock Up 1.2 %

Shares of Advance Auto Parts stock traded up $0.40 during trading on Thursday, reaching $33.37. The company's stock had a trading volume of 1,685,987 shares, compared to its average volume of 2,234,035. The company has a 50-day simple moving average of $35.10 and a two-hundred day simple moving average of $40.68. Advance Auto Parts has a 1-year low of $28.89 and a 1-year high of $77.49. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 45.71, a P/E/G ratio of 1.98 and a beta of 1.07. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.00%. Advance Auto Parts's dividend payout ratio is currently -17.86%.

Insider Activity at Advance Auto Parts

In other news, CEO Shane M. Okelly acquired 1,500 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $36.79 per share, for a total transaction of $55,185.00. Following the acquisition, the chief executive officer now owns 183,121 shares of the company's stock, valued at approximately $6,737,021.59. This trade represents a 0.83 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $34.15 per share, with a total value of $499,956.00. Following the acquisition, the director now directly owns 34,070 shares of the company's stock, valued at approximately $1,163,490.50. This represents a 75.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Advance Auto Parts

Several large investors have recently bought and sold shares of AAP. Versant Capital Management Inc lifted its position in Advance Auto Parts by 207.4% during the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company's stock worth $26,000 after buying an additional 365 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Advance Auto Parts by 189.0% in the first quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock valued at $28,000 after purchasing an additional 465 shares during the period. Allworth Financial LP increased its position in Advance Auto Parts by 1,543.4% during the fourth quarter. Allworth Financial LP now owns 871 shares of the company's stock worth $40,000 after purchasing an additional 818 shares during the last quarter. Vision Financial Markets LLC purchased a new position in Advance Auto Parts during the fourth quarter worth about $42,000. Finally, Advisory Services Network LLC purchased a new position in Advance Auto Parts during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 88.75% of the company's stock.

Advance Auto Parts Company Profile

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.