Advance Auto Parts - AAP Stock Forecast, Price & News

17 Wall Street equities research 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 equities research analysts is that investors should "buy" AAP shares.
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17 brokers have issued 1-year 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 share price to reach $242.17 in the next year. This suggests a possible upside of 24.6% from the stock's current price.
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Advance Auto Parts' stock was trading at $239.88 at the beginning of 2022. Since then, AAP stock has decreased by 19.0% and is now trading at $194.29.
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Advance Auto Parts saw a increase in short interest in 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 trading volume, of 845,800 shares, the short-interest ratio is presently 5.0 days. Approximately 7.0% of the shares of the stock are short sold.
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Advance Auto Parts is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
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Advance Auto Parts, Inc. (NYSE:AAP) released its quarterly earnings results on Monday, May, 23rd. The company reported $3.57 EPS for the quarter, beating analysts' consensus estimates of $3.53 by $0.04. The firm earned $3.40 billion during the quarter, compared to the consensus estimate of $3.39 billion. Advance Auto Parts had a net margin of 5.16% and a trailing twelve-month return on equity of 24.74%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.34 EPS.
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Advance Auto Parts declared a quarterly dividend on Tuesday, May 31st. Shareholders of record on Friday, June 17th will be given a dividend of $1.50 per share on Friday, July 1st. This represents a $6.00 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, June 16th.
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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 3.10%. 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 66.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 38.86% next year. This indicates that the company will be able to sustain or increase its dividend.
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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 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 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 retail and institutional investors. Top institutional investors include River Road Asset Management LLC (1.53%), Scharf Investments LLC (1.36%), Ceredex Value Advisors LLC (1.05%), Allen Investment Management LLC (0.92%), Frontier Capital Management Co. LLC (0.56%) and Ardevora Asset Management LLP (0.47%). 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 $194.29.

Advance Auto Parts (NYSE:AAP) has a market capitalization of $11.78 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 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.