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

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There are currently 1 sell rating, 19 hold ratings and 1 buy rating 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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21 brokerages have issued 1-year price targets for Advance Auto Parts' shares. Their AAP share price forecasts range from $50.00 to $185.00. On average, they expect the company's stock price to reach $94.47 in the next twelve months. This suggests a possible upside of 64.0% from the stock's current price.
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Advance Auto Parts' stock was trading at $147.03 at the beginning of 2023. Since then, AAP shares have decreased by 60.8% and is now trading at $57.60.
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Advance Auto Parts saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,180,000 shares, a decrease of 16.9% from the August 15th total of 5,030,000 shares. Based on an average daily trading volume, of 2,770,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 7.1% of the shares of the stock are sold short.
View Advance Auto Parts' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
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Advance Auto Parts, Inc. (NYSE:AAP) released its earnings results on Wednesday, August, 23rd. The company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.23. The business had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.66 billion. Advance Auto Parts had a net margin of 3.08% and a trailing twelve-month return on equity of 17.53%. The business's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.74 EPS.
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Advance Auto Parts declared a quarterly dividend on Monday, August 7th. Investors of record on Friday, October 13th will be given a dividend of $0.25 per share on Friday, October 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Thursday, October 12th.
Read our dividend analysis for AAP.

ETFs with the largest weight of Advance Auto Parts (NYSE:AAP) stock in their portfolio include Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), SPDR S&P Retail ETF (XRT), Alpha Intelligent - Large Cap Value ETF (AILV), Arrow Reverse Cap 500 ETF (YPS), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Direxion Daily Retail Bull 3X Shares (RETL) and Point Bridge America First ETF (MAGA).

Advance Auto Parts (NYSE:AAP) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.74%. The dividend payout ratio is 17.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 17.57% 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, August, 23rd. The company provided earnings per share (EPS) guidance of $4.50-5.10 for the period, compared to the consensus earnings per share estimate of $5.73. The company issued revenue guidance of $11.25-11.35 billion, compared to the consensus revenue estimate of $11.22 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. (7.46%), State Street Corp (4.90%), JPMorgan Chase & Co. (2.86%), Champlain Investment Partners LLC (2.62%), Charles Schwab Investment Management Inc. (2.40%) and Geode Capital Management LLC (2.24%). Insiders that own company stock include Carla Jean Bailo, Douglas A Pertz, Eugene I Lee Jr, Joan M Hilson, Natalie Schechtman and Robert B Cushing.
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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 $57.60.

Advance Auto Parts (NYSE:AAP) has a market capitalization of $3.43 billion and generates $11.15 billion in revenue each year. The company earns $501.87 million in net income (profit) each year or $5.78 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.