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 4 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AAP shares.
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17 Wall Street research analysts have issued 12-month target prices for Advance Auto Parts' shares. Their AAP share price forecasts range from $195.00 to $282.00. On average, they anticipate the company's stock price to reach $235.56 in the next year. This suggests a possible upside of 50.7% from the stock's current price.
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Advance Auto Parts' stock was trading at $239.88 at the start of the year. Since then, AAP stock has decreased by 34.8% and is now trading at $156.34.
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Advance Auto Parts saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,260,000 shares, an increase of 7.9% from the August 31st total of 3,020,000 shares. Based on an average daily trading volume, of 769,100 shares, the days-to-cover ratio is currently 4.2 days. Currently, 5.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 21st 2022.
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Advance Auto Parts, Inc. (NYSE:AAP) posted its quarterly earnings data on Tuesday, August, 23rd. The company reported $3.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $3.74. The firm earned $2.67 billion during the quarter, compared to analysts' expectations of $2.75 billion. Advance Auto Parts had a net margin of 4.84% and a trailing twelve-month return on equity of 25.99%. During the same quarter in the prior year, the company posted $3.40 earnings per share.
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Advance Auto Parts announced a quarterly dividend on Tuesday, August 16th. Shareholders of record on Friday, September 16th will be given a dividend of $1.50 per share on Friday, September 30th. This represents a $6.00 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, September 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 3.76%. 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 69.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 40.71% 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 FY 2022 earnings guidance on Tuesday, September, 20th. The company provided EPS guidance of $12.75-$13.25 for the period, compared to the consensus estimate of $13.60. The company issued revenue guidance of $11.00 billion-$11.20 billion, compared to the consensus revenue estimate of $11.34 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."

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 $156.34.

Advance Auto Parts (NYSE:AAP) has a market capitalization of $9.40 billion and generates $11.00 billion in revenue each year. The company earns $616.11 million in net income (profit) each year or $8.62 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.