Advance Auto Parts - AAP Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last twelve months. There are currently 1 sell rating, 12 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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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17 analysts have issued twelve-month price targets for Advance Auto Parts' stock. Their AAP share price forecasts range from $140.00 to $259.00. On average, they anticipate the company's share price to reach $166.89 in the next twelve months. This suggests a possible upside of 45.4% 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 decreased by 22.0% and is now trading at $114.74.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 22nd 2023.
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Advance Auto Parts, Inc. (NYSE:AAP) announced its quarterly earnings results on Tuesday, February, 28th. The company reported $2.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.47. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.42 billion. Advance Auto Parts had a net margin of 4.50% and a trailing twelve-month return on equity of 28.53%. Advance Auto Parts's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.07 earnings per share.
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Advance Auto Parts declared a quarterly dividend on Tuesday, February 21st. Shareholders of record on Friday, April 14th will be paid a dividend of $1.50 per share on Friday, April 28th. This represents a $6.00 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Thursday, April 13th.
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ETFs with the largest weight of Advance Auto Parts (NYSE:AAP) stock in their portfolio include 2ndVote Life Neutral Plus ETF (LYFE), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), SPDR S&P Retail ETF (XRT), Alpha Intelligent - Large Cap Value ETF (AILV), SPDR Portfolio S&P 500 High Dividend ETF (SPYD), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), VanEck Morningstar SMID Moat ETF (SMOT) and ClearBridge All Cap Growth ESG ETF (CACG).

Advance Auto Parts (NYSE:AAP) pays an annual dividend of $6.00 per share and currently has a dividend yield of 5.40%. 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 72.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 51.81% 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 FY 2023 earnings guidance on Tuesday, February, 28th. The company provided EPS guidance of $10.20-$11.20 for the period, compared to the consensus earnings per share estimate of $12.53. The company issued revenue guidance of $11.40 billion-$11.60 billion, compared to the consensus revenue estimate of $11.33 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 investors include Clearbridge Investments LLC (4.25%), Barrow Hanley Mewhinney & Strauss LLC (3.71%), American Century Companies Inc. (2.46%), Geode Capital Management LLC (2.12%), Artisan Partners Limited Partnership (1.82%) and Morgan Stanley (1.49%). 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 $114.74.

Advance Auto Parts (NYSE:AAP) has a market capitalization of $6.80 billion and generates $11.15 billion in revenue each year. The company earns $501.87 million in net income (profit) each year or $8.27 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.