Advance Auto Parts - AAP Stock Forecast, Price & News

13 Wall Street 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 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 1-year target prices for Advance Auto Parts' shares. Their AAP share price forecasts range from $147.00 to $280.00. On average, they predict the company's share price to reach $193.67 in the next twelve months. This suggests a possible upside of 29.1% from the stock's current price.
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Advance Auto Parts' stock was trading at $239.88 at the beginning of the year. Since then, AAP stock has decreased by 37.5% and is now trading at $150.00.
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Advance Auto Parts saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,100,000 shares, an increase of 5.8% from the October 15th total of 2,930,000 shares. Based on an average daily trading volume, of 798,800 shares, the short-interest ratio is presently 3.9 days. Approximately 5.2% of the shares of the stock are short sold.
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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 earnings results on Monday, November, 15th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.87 by $0.34. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.58 billion. Advance Auto Parts had a net margin of 4.30% and a trailing twelve-month return on equity of 25.97%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.81 earnings per share.
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Advance Auto Parts announced a quarterly dividend on Monday, November 7th. Investors of record on Friday, December 16th will be paid a dividend of $1.50 per share on Tuesday, January 3rd. This represents a $6.00 annualized dividend and a yield of 4.00%. 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 4.00%. 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 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 42.52% next year. This indicates that the company will be able to sustain or increase its dividend.
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Advance Auto Parts updated its FY22 earnings guidance on Tuesday, November, 15th. The company provided earnings per share guidance of $12.60-12.80 for the period, compared to the consensus EPS estimate of $13.01. The company issued revenue guidance of $11.00-11.20 billion, compared to the consensus revenue estimate of $11.11 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.13%), BlackRock Inc. (6.81%), Barrow Hanley Mewhinney & Strauss LLC (4.96%), State Street Corp (4.54%), Artisan Partners Limited Partnership (2.52%) and Nuveen Asset Management LLC (1.91%). 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 $150.00.

Advance Auto Parts (NYSE:AAP) has a market capitalization of $9.02 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.