Advance Auto Parts (AAP) Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last twelve months. There are currently 16 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AAP, but not buy additional shares or sell existing shares.
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19 brokerages have issued 12-month price targets for Advance Auto Parts' shares. Their AAP share price forecasts range from $67.00 to $195.00. On average, they predict the company's stock price to reach $104.42 in the next twelve months. This suggests a possible upside of 53.5% from the stock's current price.
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Advance Auto Parts' stock was trading at $147.03 at the start of the year. Since then, AAP shares have decreased by 53.7% and is now trading at $68.04.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
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Advance Auto Parts, Inc. (NYSE:AAP) announced its earnings results on Wednesday, May, 31st. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $2.60 by $1.88. The business earned $3.42 billion during the quarter, compared to the consensus estimate of $3.43 billion. Advance Auto Parts had a trailing twelve-month return on equity of 28.53% and a net margin of 4.50%. During the same period in the previous year, the firm earned $3.57 earnings per share.
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Advance Auto Parts declared a quarterly dividend on Wednesday, May 31st. Investors of record on Friday, July 14th will be given a dividend of $0.25 per share on Friday, July 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, July 13th.
Read our dividend analysis for AAP.

ETFs with the largest weight of Advance Auto Parts (NYSE:AAP) stock in their portfolio include 2ndVote Life Neutral Plus ETF (LYFE), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), Alpha Intelligent - Large Cap Value ETF (AILV), SPDR S&P Retail ETF (XRT), SPDR Portfolio S&P 500 High Dividend ETF (SPYD), Ballast Small/Mid Cap ETF (MGMT), Direxion Daily Retail Bull 3X Shares (RETL) and AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).

Advance Auto Parts (NYSE:AAP) pays an annual dividend of $6.00 per share and currently has a dividend yield of 5.35%. AAP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 72.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 52.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AAP.

Advance Auto Parts updated its FY23 earnings guidance on Wednesday, May, 31st. The company provided EPS guidance of $6.00-6.50 for the period, compared to the consensus earnings per share estimate of $10.62. The company issued revenue guidance of $11.2-11.3 billion, compared to the consensus revenue estimate of $11.44 billion.

538 employees have rated Advance Auto Parts Chief Executive Officer Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among the company's employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Advance Auto Parts investors own include NVIDIA (NVDA), AutoZone (AZO), QUALCOMM (QCOM), Broadcom (AVGO), Boeing (BA), Netflix (NFLX), Walmart (WMT), Walt Disney (DIS), Johnson & Johnson (JNJ) and Micron Technology (MU).

Advance Auto Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "AAP."

Advance Auto Parts' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.85%), State Street Corp (5.79%), Champlain Investment Partners LLC (2.62%), American Century Companies Inc. (2.41%), Charles Schwab Investment Management Inc. (2.31%) and Geode Capital Management LLC (2.15%). Insiders that own company stock include Andrew E Page, Carla Jean Bailo, Natalie Schechtman, Robert B Cushing and Tammy M Finley.
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Shares of AAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AAP stock can currently be purchased for approximately $68.04.

Advance Auto Parts (NYSE:AAP) has a market capitalization of $4.03 billion and generates $11.15 billion in revenue each year. The company earns $501.87 million in net income (profit) each year or $8.27 on an earnings per share basis.

The company employs 67,000 workers across the globe.

Advance Auto Parts' mailing address is 2635 East Millbrook Road, Raleigh NC, 24012. The official website for the company is www.advanceautoparts.com. The company can be reached via phone at (540) 362-4911, via email at invrelations@advanceautoparts.com, or via fax at 540-561-1448.