Roth Capital Analysts Increase Earnings Estimates for AAP

Advance Auto Parts, Inc. (NYSE:AAP) – Investment analysts at Roth Capital increased their FY2026 EPS estimates for Advance Auto Parts in a research note issued to investors on Friday, November 15th. Roth Capital analyst S. Stember now expects that the company will post earnings per share of $3.53 for the year, up from their previous estimate of $3.50. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.26 per share.

AAP has been the topic of several other research reports. Wedbush reiterated an “outperform” rating and issued a $55.00 target price on shares of Advance Auto Parts in a research note on Friday. Royal Bank of Canada lowered their price objective on Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating on the stock in a research report on Monday, November 11th. Evercore ISI reduced their target price on Advance Auto Parts from $71.00 to $67.00 and set an “in-line” rating for the company in a report on Tuesday, October 22nd. UBS Group upped their price target on Advance Auto Parts from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on Advance Auto Parts from $68.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.14.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock opened at $40.10 on Monday. Advance Auto Parts has a 1 year low of $35.59 and a 1 year high of $88.56. The firm’s 50-day moving average is $39.02 and its 200 day moving average is $54.11. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 54.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.30.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Thursday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.53). Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm posted ($0.82) EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, January 10th. Advance Auto Parts’s dividend payout ratio is presently 136.99%.

Institutional Investors Weigh In On Advance Auto Parts

Several hedge funds and other institutional investors have recently modified their holdings of AAP. Allspring Global Investments Holdings LLC purchased a new position in Advance Auto Parts during the first quarter valued at $34,000. Mather Group LLC. raised its stake in shares of Advance Auto Parts by 1,241.7% in the second quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $41,000 after buying an additional 596 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Advance Auto Parts in the second quarter worth about $41,000. Blue Trust Inc. grew its stake in shares of Advance Auto Parts by 56.7% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after acquiring an additional 436 shares during the period. Finally, AM Squared Ltd bought a new position in shares of Advance Auto Parts during the 2nd quarter valued at approximately $63,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

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.