Stephens Lowers Advance Auto Parts (NYSE:AAP) Price Target to $164.00

Advance Auto Parts (NYSE:AAPGet Rating) had its price objective cut by Stephens from $196.00 to $164.00 in a research note published on Monday, MarketBeat Ratings reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently commented on AAP. Royal Bank of Canada cut their price target on shares of Advance Auto Parts from $199.00 to $165.00 and set a sector perform rating on the stock in a research report on Thursday, November 17th. Guggenheim cut shares of Advance Auto Parts from a buy rating to a neutral rating in a research report on Thursday, November 17th. Wells Fargo & Company cut their price target on shares of Advance Auto Parts from $200.00 to $180.00 and set an equal weight rating on the stock in a research report on Wednesday, November 16th. StockNews.com raised shares of Advance Auto Parts from a hold rating to a buy rating in a research report on Monday, November 14th. Finally, Citigroup cut shares of Advance Auto Parts from a buy rating to a neutral rating and cut their price target for the stock from $216.00 to $161.00 in a research report on Thursday, November 17th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $193.67.

Advance Auto Parts Trading Up 0.7 %

AAP opened at $150.55 on Monday. The stock has a market capitalization of $9.05 billion, a P/E ratio of 19.35, a P/E/G ratio of 0.94 and a beta of 1.27. Advance Auto Parts has a 12 month low of $145.59 and a 12 month high of $244.55. The firm’s fifty day simple moving average is $169.88 and its 200 day simple moving average is $180.72. The company has a current ratio of 1.13, a quick ratio of 0.23 and a debt-to-equity ratio of 0.44.

Advance Auto Parts (NYSE:AAPGet Rating) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $3.74 EPS for the quarter, meeting the consensus estimate of $3.74. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Advance Auto Parts had a net margin of 4.30% and a return on equity of 25.97%. During the same period in the previous year, the firm posted $3.40 EPS. As a group, research analysts anticipate that Advance Auto Parts will post 12.62 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 16th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, December 15th. This represents a $6.00 annualized dividend and a dividend yield of 3.99%. Advance Auto Parts’s dividend payout ratio is presently 77.12%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its stake in Advance Auto Parts by 1.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 29,117 shares of the company’s stock valued at $5,139,000 after buying an additional 421 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Advance Auto Parts by 47.9% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 8,278 shares of the company’s stock valued at $1,713,000 after buying an additional 2,682 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Advance Auto Parts by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,659 shares of the company’s stock valued at $2,206,000 after buying an additional 192 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in Advance Auto Parts by 53.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 8,461 shares of the company’s stock valued at $1,465,000 after buying an additional 2,941 shares during the last quarter. Finally, Central Bank & Trust Co. grew its stake in Advance Auto Parts by 61.6% in the 2nd quarter. Central Bank & Trust Co. now owns 223 shares of the company’s stock valued at $39,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Advance Auto Parts Company Profile

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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.

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Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

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