EntryPoint Capital LLC Invests $342,000 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 bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 8,710 shares of the company's stock, valued at approximately $342,000.

Other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC grew its position in Advance Auto Parts by 189.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Advance Auto Parts in the 1st quarter valued at about $49,000. Exchange Traded Concepts LLC grew its position in Advance Auto Parts by 1,258.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,310 shares of the company's stock valued at $91,000 after acquiring an additional 2,140 shares in the last quarter. Blue Trust Inc. grew its position in Advance Auto Parts by 69.8% in the 1st quarter. Blue Trust Inc. now owns 2,842 shares of the company's stock valued at $111,000 after acquiring an additional 1,168 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its position in Advance Auto Parts by 10.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,300 shares of the company's stock valued at $129,000 after acquiring an additional 300 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Advance Auto Parts Stock Performance

NYSE AAP traded up $2.2650 on Friday, reaching $57.8650. The stock had a trading volume of 1,314,515 shares, compared to its average volume of 2,191,322. 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, Inc. has a 12-month low of $28.89 and a 12-month high of $70.00. The business's 50-day moving average price is $55.69 and its 200 day moving average price is $44.90. The stock has a market cap of $3.47 billion, a P/E ratio of -9.08 and a beta of 1.05.

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 company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm's revenue for the quarter 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, equities analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Advance Auto Parts's payout ratio is currently -15.70%.

Insiders Place Their Bets

In other Advance Auto Parts news, SVP Jason Hand sold 948 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $48.52, for a total value of $45,996.96. Following the completion of the sale, the senior vice president owned 9,876 shares in the company, valued at approximately $479,183.52. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AAP shares. DA Davidson set a $65.00 price objective on Advance Auto Parts in a research note on Thursday, August 14th. Redburn Partners upgraded Advance Auto Parts from a "sell" rating to a "neutral" rating and set a $45.00 price objective for the company in a research note on Tuesday, June 3rd. Roth Capital set a $50.00 price objective on Advance Auto Parts and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Wall Street Zen upgraded Advance Auto Parts from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Wells Fargo & Company lifted their price objective on Advance Auto Parts from $45.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $50.80.

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.