Advance Auto Parts - AAP Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last twelve months. There are currently 5 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Advance Auto Parts stock.
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17 Wall Street analysts have issued 1-year target prices for Advance Auto Parts' stock. Their AAP stock forecasts range from $195.00 to $282.00. On average, they predict Advance Auto Parts' share price to reach $242.17 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
View analysts' price targets for Advance Auto Parts or view top-rated stocks among Wall Street analysts.

Advance Auto Parts' stock was trading at $239.88 at the start of the year. Since then, AAP stock has decreased by 19.4% and is now trading at $193.42.
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Advance Auto Parts saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,220,000 shares, an increase of 21.3% from the June 30th total of 3,480,000 shares. Based on an average daily volume of 845,800 shares, the days-to-cover ratio is presently 5.0 days. Currently, 7.0% of the company's shares are short sold.
View Advance Auto Parts' Short Interest.

Advance Auto Parts is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our earnings forecast for Advance Auto Parts.

Advance Auto Parts, Inc. (NYSE:AAP) released its quarterly earnings results on Monday, May, 23rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.04. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.39 billion. Advance Auto Parts had a trailing twelve-month return on equity of 24.74% and a net margin of 5.16%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.34 EPS.
Read Advance Auto Parts' conference call transcript.

Advance Auto Parts announced a quarterly dividend on Tuesday, May 31st. Investors of record on Friday, June 17th will be paid a dividend of $1.50 per share on Friday, July 1st. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, June 16th.
View Advance Auto Parts' dividend history.

Advance Auto Parts(NYSE:AAP) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.10%. Advance Auto Parts 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 of Advance Auto Parts is 66.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Advance Auto Parts will have a dividend payout ratio of 38.86% next year. This indicates that Advance Auto Parts will be able to sustain or increase its dividend.
View Advance Auto Parts' dividend history.

Advance Auto Parts issued an update on its FY 2022 earnings guidance on Monday, June, 20th. The company provided earnings per share guidance of $13.30-$13.85 for the period, compared to the consensus EPS estimate of $13.70. The company issued revenue guidance of $11.20 billion-$11.50 billion, compared to the consensus revenue estimate of $11.40 billion.

538 employees have rated Advance Auto Parts CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among Advance Auto Parts' 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 institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (1.53%), Scharf Investments LLC (1.36%), Ceredex Value Advisors LLC (1.05%), Frontier Capital Management Co. LLC (0.56%), Ardevora Asset Management LLP (0.47%) and Russell Investments Group Ltd. (0.46%). Company insiders that own Advance Auto Parts stock include Andrew E Page, Carla Jean Bailo, Natalie Schechtman, Robert B Cushing and Tammy M Finley.
View institutional ownership trends for Advance Auto Parts.

Shares of AAP 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 $193.42.

Advance Auto Parts (NYSE:AAP) has a market capitalization of $11.73 billion and generates $11.00 billion in revenue each year. The company earns $616.11 million in net income (profit) each year or $8.98 on an earnings per share basis.

Advance Auto Parts employs 68,000 workers across the globe.

Advance Auto Parts was founded in 1932.

Advance Auto Parts' mailing address is 2635 East Millbrook Road, Raleigh NC, 24012. The official website for Advance Auto Parts 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.