Advance Auto Parts - AAP Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There are currently 8 hold ratings, 4 buy ratings and 1 strong 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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13 equities research analysts have issued 12-month price objectives for Advance Auto Parts' shares. Their AAP share price forecasts range from $145.00 to $280.00. On average, they expect the company's stock price to reach $189.88 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price.
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Advance Auto Parts' stock was trading at $147.03 on January 1st, 2023. Since then, AAP shares have increased by 3.5% and is now trading at $152.17.
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Advance Auto Parts saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,210,000 shares, an increase of 6.3% from the December 31st total of 3,020,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 5.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
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Advance Auto Parts, Inc. (NYSE:AAP) released its quarterly earnings data on Tuesday, November, 15th. The company reported $2.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.32 by $0.48. The business earned $2.64 billion during the quarter, compared to analysts' expectations of $2.66 billion. Advance Auto Parts had a net margin of 4.30% and a trailing twelve-month return on equity of 25.97%.

Advance Auto Parts announced a quarterly dividend on Monday, November 7th. Investors of record on Friday, December 16th will be given a dividend of $1.50 per share on Tuesday, January 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, December 15th.
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Advance Auto Parts (NYSE:AAP) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.87%. 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 77.12%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AAP will have a dividend payout ratio of 45.42% 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 issued an update on its FY 2022 earnings guidance on Thursday, December, 15th. The company provided earnings per share (EPS) guidance of $12.60-$12.80 for the period, compared to the consensus EPS estimate of $13.02. The company issued revenue guidance of $11.00 billion-$11.20 billion, compared to the consensus revenue estimate of $11.10 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 retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (1.36%), Ceredex Value Advisors LLC (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), Ardevora Asset Management LLP (0.29%), Poplar Forest Capital LLC (0.28%) and Copeland Capital Management LLC (0.22%). 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 $152.17.

Advance Auto Parts (NYSE:AAP) has a market capitalization of $9.15 billion and generates $11.00 billion in revenue each year. The company earns $616.11 million in net income (profit) each year or $7.78 on an earnings per share basis.

The company employs 68,000 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.