6,316 Shares in Advance Auto Parts, Inc. $AAP Acquired by Tweedy Browne Co LLC

Key Points

• Tweedy Browne Co LLC has acquired 6,316 shares of Advance Auto Parts, Inc. worth approximately $294,000, marking a significant investment in the company.
• Advance Auto Parts reported a negative earnings per share (EPS) of ($0.22) in its latest quarterly results, with sell-side analysts predicting a full-year EPS of -0.46.
• The company also announced a quarterly dividend of $0.25 per share, representing an annualized yield of 1.9%, with the ex-dividend date set for October 10th.

Tweedy Browne Co LLC acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,316 shares of the company's stock, valued at approximately $294,000.

A number of other hedge funds also recently added to or reduced their stakes in AAP. REAP Financial Group LLC acquired a new stake in Advance Auto Parts during the 2nd quarter worth approximately $26,000. Hexagon Capital Partners LLC raised its stake in Advance Auto Parts by 189.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock worth $28,000 after acquiring an additional 465 shares in the last quarter. Parallel Advisors LLC raised its stake in Advance Auto Parts by 355.8% during the 2nd quarter. Parallel Advisors LLC now owns 939 shares of the company's stock worth $44,000 after acquiring an additional 733 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Advance Auto Parts by 1,258.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,310 shares of the company's stock worth $91,000 after acquiring an additional 2,140 shares in the last quarter. Finally, Quarry LP grew its position in Advance Auto Parts by 688.6% during the 1st quarter. Quarry LP now owns 2,421 shares of the company's stock worth $95,000 after purchasing an additional 2,114 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $53.56 on Friday. Advance Auto Parts, Inc. has a 1 year low of $28.89 and a 1 year high of $70.00. The firm has a 50 day moving average price of $58.92 and a 200 day moving average price of $49.95. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -8.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27.

Advance Auto Parts (NYSE:AAP - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported ($0.22) earnings per share (EPS) for the quarter. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. The company had revenue of $2.58 billion during the quarter. Advance Auto Parts has set its Q2 2025 guidance at EPS. Sell-side analysts predict that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 10th. Advance Auto Parts's payout ratio is presently -15.70%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AAP shares. UBS Group set a $65.00 price objective on shares of Advance Auto Parts and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Mizuho lifted their target price on shares of Advance Auto Parts from $44.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Wolfe Research started coverage on shares of Advance Auto Parts in a report on Thursday, September 18th. They set a "peer perform" rating on the stock. Wall Street Zen upgraded shares of Advance Auto Parts from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Truist Financial lifted their target price on shares of Advance Auto Parts from $51.00 to $53.00 and gave the stock a "hold" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $52.67.

Advance Auto Parts 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.

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