Advance Auto Parts Company Profile (NYSE:AAP)

Advance Auto Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "AAP."

Advance Auto Parts announced a quarterly dividend on Tuesday, August 15th. Investors of record on Friday, September 22nd will be given a dividend of $0.06 per share on Friday, October 6th. This represents a $0.24 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, September 21st. View Advance Auto Parts' Dividend History.

Advance Auto Parts Inc (NYSE:AAP) released its quarterly earnings data on Tuesday, August, 15th. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.65 by $0.07. The company earned $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share. View Advance Auto Parts' Earnings History.

Advance Auto Parts is scheduled to release their next quarterly earnings announcement on Monday, November, 13th 2017. View Earnings Estimates for Advance Auto Parts.

21 brokerages have issued 12 month price objectives for Advance Auto Parts' shares. Their forecasts range from $82.00 to $180.00. On average, they expect Advance Auto Parts' share price to reach $118.84 in the next twelve months. View Analyst Ratings for Advance Auto Parts.

Here are some recent quotes from research analysts about Advance Auto Parts stock:

• 1. According to Zacks Investment Research, "Estimates for Advance Auto Parts have been declining over the last 60 days. The company has underperformed the Zacks categorized Retail/Wholesale-Auto Parts industry over the last three months. Advance Auto Parts continues to face declining cash flows which could impact capital expenditure. Moreover, production of better quality vehicles can affect demand of the company’s products. The fact that consumers are opting for new vehicle purchases instead of maintaining old ones, can adversely affect the demand for Advance Auto Parts’ products." (4/25/2017)
• 2. BTIG Research analysts commented, "We are reducing our 1Q EPS estimate due to a number of factors, both company specific and industry-related. Our 1Q EPS estimate is now $2.37 vs. $2.52 prior. We are also lowering FY 2017 EPS estimate by $0.15 to $7.55 from $7.70, based on the following factors: 1) Supply chain costs remain elevated due to further inventory rationalization. AAP's AP:Inventory ratio remains well-below peers; 2) Productivity gains targeted could be more 2H weighted as internal capabilities will take time; Higher incentive comp may be a headwind in 2017, should AAP reach early stage goals ' we believe SGA will rise nearly 2% in 2017; 3) Miles driven for February and/or March could turn negative; and 4) Unseasonable weather in the NE recently ' above-average sales weeks ' could weigh on comps. We believe trends need to accelerate in April to reach our 1% comp est. We maintain our 2018 EPS estimate of $8.25 --$0.53 below consensus." (3/28/2017)
• 3. Wedbush analysts commented, "In 4Q16, AAP delivered its best same store sales growth since 4Q10. While weather and a calendar shift helped, the underlying improvement indicates material progress driving sales through key initiatives around availability and service, customer-first essentials for success in DIY auto. EPS of $1.00 missed consensus $1.08 and our $1.12 as margins fell short of plan due primarily to discrete cost items that were higher than expected. That said, the company has clear plans to tackle these and many others costs to drive productivity. This visibility, combined with key internal and external metrics inflecting positively, points to improving performance through 2017 and beyond. We tweak our estimates, raise our price target from $175 to $185 and reiterate our OUTPERFORM rating." (2/22/2017)
• 4. UBS AG analysts commented, "As we see it, the co's progress will be most evident through a better comp. We model 1.0% SSS, which is above the consensus est. of -0.5%. Our est. equates to its first pos comp in 5 Qs (& its best 4-yr comp in 6 Qs). We think the result will be driven by better execution & its supply chain enhancements. While the weather was a bit up & down this quarter, we think AAP had a strong finish in Dec. Notably, ORLY and MNRO both noted that December was strong, helped by the advent of winter weather. In fact, MNRO generated a 500 bp acceleration in its comp (ex-tires) for its C'4Q (63% correlation with AAP's comp for the past 3 years). While the market has begun to acknowledge some of the advances that AAP has made, we think it's just beginning. This makes for a compelling risk-reward, particularly after the recent pull back." (2/13/2017)

Some companies that are related to Advance Auto Parts include Ulta Beauty (ULTA), Fastenal Company (FAST), MercadoLibre (MELI), CarMax (KMX), Tiffany & Co. (TIF), Gap, Inc. (The) (GPS), L Brands (LB), Burberry Group PLC (BURBY), Darden Restaurants (DRI), Liberty Interactive Corporation (QVCA), Kingfisher plc (KGFHY), IAC/InterActiveCorp (IAC), Chipotle Mexican Grill (CMG), Nordstrom (JWN), Tractor Supply Company (TSCO), Kohl's Corporation (KSS), Marks and Spencer Group Plc (MAKSY) and Wm Morrison Sup (MRWSY).

Advance Auto Parts' management team includes the folowing people:

• Jeffrey C. Smith, Independent Chairman of the Board
• Thomas R. Greco, President, Chief Executive Officer, Director
• Thomas B. Okray, Chief Financial Officer, Executive Vice President
• Tammy M. Finley, Executive Vice President, General Counsel, Corporate Secretary
• Charles E. Tyson, Executive Vice President, Merchandising, Marketing and Replenishment
• Robert B. Cushing, Executive Vice President, Professional
• Jeffrey W. Shepherd, Senior Vice President, Chief Accounting Officer, Controller
• Natalie S. Schechtman, Senior Vice President of Human Resources
• William H. Carter, Senior Vice President, Independent Business
• John C. Brouillard, Director

Advance Auto Parts' stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.44%), BlackRock Inc. (7.35%), State Street Corp (4.25%), Lazard Asset Management LLC (3.16%), American Century Companies Inc. (2.85%) and Bessemer Group Inc. (1.64%). Company insiders that own Advance Auto Parts stock include Adriana Karaboutis, Brad W Buss, Charles E Tyson, Eugene I Lee Jr, Gilbert T Ray, Jeffrey C Smith, Jill A Livesay, John F Bergstrom, John Francis Ferraro, Reuben E Slone, Robert B Cushing, Tammy M Finley, Thomas Greco and William Harrison Carter. View Institutional Ownership Trends for Advance Auto Parts.

Advance Auto Parts' stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, Victory Capital Management Inc., Capital Guardian Trust Co., TIAA CREF Investment Management LLC, Pioneer Investment Management Inc., MARSHALL WACE ASIA Ltd, State Street Corp and Alta Capital Management LLC. Company insiders that have sold Advance Auto Parts stock in the last year include Charles E Tyson and William Harrison Carter. View Insider Buying and Selling for Advance Auto Parts.

Advance Auto Parts' stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Neuberger Berman Group LLC, Thompson Siegel & Walmsley LLC, Bessemer Group Inc., American Century Companies Inc., Brandywine Global Investment Management LLC, Wells Fargo & Company MN and BT Investment Management Ltd. Company insiders that have bought Advance Auto Parts stock in the last two years include Adriana Karaboutis, Brad W Buss, Charles E Tyson, Eugene I Lee Jr, Jeffrey C Smith, John F Bergstrom, John Francis Ferraro, Reuben E Slone, Robert B Cushing and Thomas Greco. View Insider Buying and Selling for Advance Auto Parts.

Shares of Advance Auto Parts can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Advance Auto Parts stock can currently be purchased for approximately $94.75.