Research Analysts Offer Predictions for AAP FY2025 Earnings

Advance Auto Parts, Inc. (NYSE:AAP) – Analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for shares of Advance Auto Parts in a research report issued on Thursday, February 27th. DA Davidson analyst M. Baker now forecasts that the company will post earnings of $1.94 per share for the year, up from their previous estimate of $1.70. DA Davidson has a “Neutral” rating and a $45.00 price objective on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is ($0.46) per share.

A number of other equities analysts also recently issued reports on the company. UBS Group increased their price target on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Royal Bank of Canada lowered their price objective on Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Evercore ISI lifted their target price on Advance Auto Parts from $45.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group cut their target price on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, Wedbush restated an “outperform” rating and issued a $55.00 price target on shares of Advance Auto Parts in a research report on Monday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.69.

Advance Auto Parts Stock Down 2.2 %

Shares of AAP opened at $34.65 on Monday. Advance Auto Parts has a 52 week low of $34.57 and a 52 week high of $88.56. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 1.98 and a beta of 1.15. The stock’s 50-day moving average price is $45.71 and its 200-day moving average price is $43.31.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. Advance Auto Parts’s payout ratio is currently -17.86%.

Insider Transactions at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the sale, the executive vice president now owns 24,266 shares in the company, valued at $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Advance Auto Parts

Several large investors have recently made changes to their positions in AAP. Price T Rowe Associates Inc. MD boosted its holdings in shares of Advance Auto Parts by 34.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,685,541 shares of the company’s stock valued at $316,160,000 after acquiring an additional 1,706,328 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Advance Auto Parts by 11.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,449,554 shares of the company’s stock worth $163,129,000 after purchasing an additional 347,587 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Advance Auto Parts by 12.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,270,897 shares of the company’s stock valued at $154,681,000 after buying an additional 362,239 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Advance Auto Parts by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,728,289 shares of the company’s stock valued at $129,016,000 after buying an additional 297,741 shares during the period. Finally, Eminence Capital LP acquired a new stake in shares of Advance Auto Parts in the 4th quarter valued at $87,214,000. Institutional investors and hedge funds own 88.75% of the company’s stock.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.