EntryPoint Capital LLC Makes New $342,000 Investment in Advance Auto Parts, Inc. $AAP

Key Points

• EntryPoint Capital LLC acquired 8,710 shares of Advance Auto Parts, valued at approximately $342,000, marking a new investment in the company.
• Advance Auto Parts plans to pay a quarterly dividend of $0.25 per share on October 24th, yielding 1.8% annually.
• Analysts have set target prices for Advance Auto Parts, with Citigroup setting a target of $60.00, while a consensus rating remains at "Reduce."

EntryPoint Capital LLC acquired a new position in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,710 shares of the company's stock, valued at approximately $342,000.

Other institutional investors also recently added to or reduced their stakes in the company. Eminence Capital LP bought a new stake in shares of Advance Auto Parts during the 4th quarter worth $87,214,000. Price T Rowe Associates Inc. MD boosted its stake in Advance Auto Parts by 34.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,685,541 shares of the company's stock worth $316,160,000 after purchasing an additional 1,706,328 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Advance Auto Parts by 31.8% in the 1st quarter. Pzena Investment Management LLC now owns 4,312,508 shares of the company's stock valued at $169,093,000 after buying an additional 1,041,611 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Advance Auto Parts by 302.5% in the first quarter. Federated Hermes Inc. now owns 1,358,764 shares of the company's stock valued at $53,277,000 after purchasing an additional 1,021,181 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in Advance Auto Parts in the fourth quarter valued at $17,127,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Redburn Atlantic raised Advance Auto Parts from a "sell" rating to a "neutral" rating and lifted their price target for the company from $28.00 to $45.00 in a research note on Tuesday, June 3rd. Citigroup set a $60.00 price target on shares of Advance Auto Parts in a research note on Thursday, August 14th. Wells Fargo & Company boosted their price target on shares of Advance Auto Parts from $45.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, August 15th. UBS Group set a $65.00 price objective on shares of Advance Auto Parts and gave the company a "neutral" rating in a research report on Tuesday, August 12th. Finally, Roth Capital set a $50.00 target price on shares of Advance Auto Parts and gave the company a "neutral" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $50.80.

Advance Auto Parts Price Performance

Advance Auto Parts stock traded up $0.59 during trading hours on Wednesday, hitting $60.78. The stock had a trading volume of 216,546 shares, compared to its average volume of 2,640,617. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of -9.53 and a beta of 1.05. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.27 and a quick ratio of 0.49. Advance Auto Parts, Inc. has a 1-year low of $28.89 and a 1-year high of $70.00. The stock's fifty day moving average is $56.15 and its two-hundred day moving average is $45.10.

Advance Auto Parts (NYSE:AAP - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.10. Advance Auto Parts had a negative return on equity of 1.97% and a negative net margin of 4.37%.The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm earned $0.75 EPS. Advance Auto Parts's quarterly revenue was down 7.7% on a year-over-year basis. Advance Auto Parts has set its FY 2025 guidance at 1.200-2.20 EPS. As a group, analysts predict that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 1.6%. Advance Auto Parts's dividend payout ratio is -15.70%.

Insider Buying and Selling

In related news, SVP Jason Hand sold 948 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $48.52, for a total transaction of $45,996.96. Following the sale, the senior vice president owned 9,876 shares of the company's stock, valued at approximately $479,183.52. This trade represents a 8.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.67% of the company's stock.

About Advance Auto Parts

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.