Advance Auto Parts, Inc. (NYSE:AAP) declared a quarterly dividend on Tuesday, February 21st. Shareholders of record on Friday, March 24th will be paid a dividend of 0.06 per share on Friday, April 7th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Wednesday, March 22nd.
Advance Auto Parts (NYSE:AAP) opened at 152.44 on Tuesday. Advance Auto Parts has a one year low of $132.98 and a one year high of $177.83. The firm’s 50 day moving average price is $158.84 and its 200 day moving average price is $158.49. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 24.59 and a beta of 1.10.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.09. Advance Auto Parts had a return on equity of 20.42% and a net margin of 4.75%. The firm earned $2.08 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the business posted $1.22 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Advance Auto Parts will post $7.59 earnings per share for the current year.
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In other Advance Auto Parts news, insider Thomas Greco purchased 6,500 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was purchased at an average price of $154.29 per share, for a total transaction of $1,002,885.00. Following the transaction, the insider now owns 107,936 shares in the company, valued at approximately $16,653,445.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Charles E. Tyson sold 18,944 shares of Advance Auto Parts stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $153.46, for a total value of $2,907,146.24. Following the sale, the executive vice president now owns 21,948 shares of the company’s stock, valued at approximately $3,368,140.08. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.
Several equities research analysts recently weighed in on AAP shares. Credit Suisse Group AG reissued a “buy” rating and issued a $171.00 price objective on shares of Advance Auto Parts in a report on Wednesday, November 23rd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Advance Auto Parts in a report on Thursday, December 8th. Wedbush reissued an “outperform” rating on shares of Advance Auto Parts in a report on Tuesday, December 13th. Atlantic Securities started coverage on Advance Auto Parts in a report on Wednesday, December 14th. They issued an “overweight” rating and a $215.00 price objective for the company. Finally, Cleveland Research raised Advance Auto Parts from a “neutral” rating to a “buy” rating in a report on Wednesday, January 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $173.08.
Advance Auto Parts Company Profile
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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