NYSE:AAP Advance Auto Parts (AAP) Stock Forecast, Price & News $68.15 +0.12 (+0.18%) (As of 10:04 AM ET) Add Compare Share Share Today's Range$66.54▼$68.5550-Day Range$68.04▼$128.3752-Week Range$66.54▼$212.25Volume1.19 million shsAverage Volume1.51 million shsMarket Capitalization$4.04 billionP/E Ratio8.24Dividend Yield8.80%Price Target$153.65 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Advance Auto Parts MarketRank™ ForecastAnalyst RatingHold2.35 Rating ScoreUpside/Downside53.2% Upside$104.42 Price TargetShort InterestHealthy3.62% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.79Upright™ Environmental ScoreNews Sentiment-0.39Based on 65 Articles This WeekInsider TradingN/AProj. Earnings Growth84.48%From $6.25 to $11.53 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.18 out of 5 starsRetail/Wholesale Sector9th out of 424 stocksAuto & Home Supply Stores Industry1st out of 12 stocks 4.1 Analyst's Opinion Consensus RatingAdvance Auto Parts has received a consensus rating of Hold. The company's average rating score is 2.16, and is based on 3 buy ratings, 16 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $104.42, Advance Auto Parts has a forecasted upside of 53.2% from its current price of $68.15.Amount of Analyst CoverageAdvance Auto Parts has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.62% of the float of Advance Auto Parts has been sold short.Short Interest Ratio / Days to CoverAdvance Auto Parts has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Advance Auto Parts has recently decreased by 1.39%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipAdvance Auto Parts is a leading dividend payer. It pays a dividend yield of 8.23%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAdvance Auto Parts has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Advance Auto Parts is 72.55%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Advance Auto Parts will have a dividend payout ratio of 52.04% next year. This indicates that Advance Auto Parts will be able to sustain or increase its dividend. Previous Next 1.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAdvance Auto Parts has received a -45.96% net impact score from Upright. The largest negative impact of Advance Auto Parts in category "GHG emissions" seems to be driven mostly by its "Physical retail of auto parts at an auto parts store", "Physical retail of parts common to all road vehicles at an auto parts store", and "Physical retail of vehicle chemicals at an auto part store" products. See details.Environmental SustainabilityThe Environmental Impact score for Advance Auto Parts is -3.79. Previous Next 2.0 News and Social Media Coverage News SentimentAdvance Auto Parts has a news sentiment score of -0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 65 news articles for Advance Auto Parts this week, compared to 7 articles on an average week.Search Interest59 people have searched for AAP on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.MarketBeat Follows27 people have added Advance Auto Parts to their MarketBeat watchlist in the last 30 days. This is an increase of 440% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Advance Auto Parts insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.63% of the stock of Advance Auto Parts is held by insiders.Percentage Held by Institutions96.04% of the stock of Advance Auto Parts is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Advance Auto Parts are expected to grow by 84.48% in the coming year, from $6.25 to $11.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Advance Auto Parts is 8.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Advance Auto Parts is 8.24, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 31.40.Price to Earnings Growth RatioAdvance Auto Parts has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioAdvance Auto Parts has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Advance Auto Parts (NYSE:AAP) StockAdvance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Advance Auto Parts/Carquest U.S., Carquest Canada, Worldpac, and Independents. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.Read More Receive AAP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Advance Auto Parts and its competitors with MarketBeat's FREE daily newsletter. Email Address AAP Stock News HeadlinesMay 31, 2023 | marketbeat.comDon’t Worry; Sportsman’s Warehouse Will Get Cheaper (AAP)Sportsman's Warehouse is another retailer to issue a mixed report and point to a deepening contraction in consumer demand.May 31, 2023 | marketbeat.comAdvance Auto Parts Backfires: Is This A Warning For The S&P 500?Advance Auto Parts cut its dividend, and shares sank nearly 30%. The stock may be at a bottom but investors should not expect a significant rebound.June 2, 2023 | Edge On The Street (Ad)The Graphite Shortage Story You're Not Being ToldGraphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security. May 23, 2023 | marketbeat.comAutoZone Reports Earnings Beat, Shares Fall, Outlook PositiveAutoZone shares are trading lower amid reports for the third quarter 2023 earnings figures. Despite being initially negative, there are other angles pointing upJune 1, 2023 | markets.businessinsider.comAdvance Auto Parts Gets Price Target Cuts By Analysts After Downbeat Q1 ResultsJune 1, 2023 | seekingalpha.comAdvance Auto Parts Stock Post Q1 Earnings: Broken Beyond Repair?June 1, 2023 | finance.yahoo.comWhy Shares in Advance Auto Parts Got Crushed This WeekJune 1, 2023 | 247wallst.comThe Simple Lesson From Advance Auto Parts Disastrous Earnings ReportJune 2, 2023 | Edge On The Street (Ad)The Graphite Shortage Story You're Not Being ToldGraphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security. June 1, 2023 | benzinga.comInvestigation of Advance Auto Parts, Inc. (AAP) Announced by Holzer & Holzer, LLCJune 1, 2023 | finance.yahoo.comCompany News for Jun 1, 2023June 1, 2023 | americanbankingnews.comAdvance Auto Parts (NYSE:AAP) Price Target Lowered to $69.00 at BarclaysJune 1, 2023 | americanbankingnews.comUBS Group Lowers Advance Auto Parts (NYSE:AAP) Price Target to $75.00June 1, 2023 | americanbankingnews.comAdvance Auto Parts (NYSE:AAP) Price Target Cut to $80.00 by Analysts at Wells Fargo & CompanyJune 1, 2023 | finance.yahoo.comQ1 2023 Advance Auto Parts Inc Earnings CallJune 1, 2023 | americanbankingnews.comThe Goldman Sachs Group Lowers Advance Auto Parts (NYSE:AAP) to NeutralMay 31, 2023 | markets.businessinsider.comAdvance Auto Parts Q1 Profit Down; Cuts Annual Outlook; Stock Down 25% In Pre-marketMay 31, 2023 | msn.comWhy did Advance Auto Parts stock crash today? Dismal earnings and a large dividend cut rattled investorsMay 31, 2023 | news.yahoo.comAdvance Auto Parts tanks 35% after slashing guidance and dividendMay 31, 2023 | msn.comAdvance Auto Parts cuts full-year profit guidance as costs weighMay 31, 2023 | msn.comAdvance Auto eyes record daily percentage drop after forecast cutMay 31, 2023 | markets.businessinsider.comNasdaq Down 100 Points; Advance Auto Parts Earnings Miss ViewsMay 31, 2023 | msn.comAdvance Auto Parts’ Earnings Report Sends Competitors LowerMay 31, 2023 | finance.yahoo.comTwitter Algorithm Changes Show Disturbing Impact, Uber One's Subscription Changes, More Layoffs at Goldman Sachs: Today's Top StoriesMay 31, 2023 | finance.yahoo.comAdvance Auto Parts Misses Profit Estimates, Cuts Outlook and DividendMay 31, 2023 | finance.yahoo.comAdvance Auto Parts tanks 33% after slashing guidance and dividendMay 31, 2023 | finance.yahoo.comAdvance Auto Parts Stalls OutSee More Headlines AAP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AAP Company Calendar Ex-Dividend for 4/28 Dividend4/13/2023Dividend Payable4/28/2023Last Earnings5/31/2023Today6/02/2023Ex-Dividend for 7/28 Dividend7/13/2023Dividend Payable7/28/2023Next Earnings (Estimated)8/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Auto & home supply stores Sub-IndustryAutomotive Retail SectorRetail/Wholesale Current SymbolNYSE:AAP CUSIP00751Y10 CIK1158449 Webwww.advanceautoparts.com Phone(540) 362-4911Fax540-561-1448Employees67,000Year Founded1932Price Target and Rating Average Stock Price Forecast$104.42 High Stock Price Forecast$195.00 Low Stock Price Forecast$67.00 Forecasted Upside/Downside+129.2%Consensus RatingHold Rating Score (0-4)2.35 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$8.27 Trailing P/E Ratio8.11 Forward P/E Ratio10.72 P/E Growth1.02Net Income$501.87 million Net Margins3.61% Pretax Margin4.69% Return on Equity22.67% Return on Assets5.06% Debt Debt-to-Equity Ratio0.68 Current Ratio1.24 Quick Ratio0.21 Sales & Book Value Annual Sales$11.15 billion Price / Sales0.36 Cash Flow$16.47 per share Price / Cash Flow4.07 Book Value$44.47 per share Price / Book1.51Miscellaneous Outstanding Shares59,270,000Free Float58,901,000Market Cap$3.97 billion OptionableNot Optionable Beta1.12 Social Links Key ExecutivesThomas R. GrecoPresident, Chief Executive Officer & DirectorJeff ShepherdChief Financial Officer & Executive Vice PresidentSri DonthiChief Technology Officer & Executive VPTammy Moss FinleySecretary, Executive VP & General CounselNatalie S. SchechtmanChief Human Resources Officer & Executive VPKey CompetitorsLithia MotorsNYSE:LADAutoNationNYSE:ANTempur Sealy InternationalNYSE:TPXTexas RoadhouseNASDAQ:TXRHWingstopNASDAQ:WINGView All CompetitorsInstitutional OwnershipMacquarie Group Ltd.Sold 68,600 shares on 6/1/2023Ownership: 0.011%Ontario Teachers Pension Plan BoardSold 469 shares on 6/1/2023Ownership: 0.011%Golden State Equity PartnersBought 2,102 shares on 6/1/2023Ownership: 0.004%ProShare Advisors LLCBought 1,235 shares on 5/26/2023Ownership: 0.014%Brandywine Global Investment Management LLCSold 132 shares on 5/25/2023Ownership: 0.143%View All Institutional Transactions AAP Stock - Frequently Asked Questions Should I buy or sell Advance Auto Parts stock right now? 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. View AAP analyst ratings or view top-rated stocks. What is Advance Auto Parts' stock price forecast for 2023? 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. View analysts price targets for AAP or view top-rated stocks among Wall Street analysts. How have AAP shares performed in 2023? 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. View the best growth stocks for 2023 here. When is Advance Auto Parts' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023. View our AAP earnings forecast. How were Advance Auto Parts' earnings last quarter? 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. Read the conference call transcript. How often does Advance Auto Parts pay dividends? What is the dividend yield for Advance Auto Parts? 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. What ETFs hold Advance Auto Parts' stock? 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). Is Advance Auto Parts a good dividend stock? 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. What guidance has Advance Auto Parts issued on next quarter's earnings? 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. What is Thomas Greco's approval rating as Advance Auto Parts' CEO? 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. What other stocks do shareholders of Advance Auto Parts own? 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). What is Advance Auto Parts' stock symbol? Advance Auto Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "AAP." Who are Advance Auto Parts' major shareholders? 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. View institutional ownership trends. How do I buy shares of Advance Auto Parts? 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. Compare Top Brokerages Here. What is Advance Auto Parts' stock price today? One share of AAP stock can currently be purchased for approximately $68.04. How much money does Advance Auto Parts make? 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. How many employees does Advance Auto Parts have? The company employs 67,000 workers across the globe. How can I contact Advance Auto Parts? 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. This page (NYSE:AAP) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Advance Auto Parts, Inc. 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