Advance Auto Parts, Inc. (NYSE:AAP - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $35.59 and last traded at $35.75, with a volume of 1450421 shares traded. The stock had previously closed at $36.90.
Wall Street Analyst Weigh In
AAP has been the subject of several research reports. Barclays cut their price objective on Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, January 9th. Royal Bank of Canada dropped their price target 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. Truist Financial decreased their price objective on Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. UBS Group increased their price objective on shares of Advance Auto Parts from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on Advance Auto Parts from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $46.69.
Read Our Latest Report on Advance Auto Parts
Advance Auto Parts Stock Performance
The firm's fifty day moving average is $45.14 and its 200-day moving average is $42.99. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $2.12 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27.
Advance Auto Parts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's dividend payout ratio (DPR) is -17.86%.
Hedge Funds Weigh In On Advance Auto Parts
A number of hedge funds have recently made changes to their positions in the stock. United Advisor Group LLC acquired a new position in Advance Auto Parts during the fourth quarter worth $356,000. Mackenzie Financial Corp purchased a new stake in shares of Advance Auto Parts in the 4th quarter valued at $953,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Advance Auto Parts by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,961 shares of the company's stock worth $7,470,000 after acquiring an additional 9,803 shares in the last quarter. Towle & Co. boosted its holdings in Advance Auto Parts by 2.1% during the 4th quarter. Towle & Co. now owns 352,778 shares of the company's stock valued at $16,683,000 after acquiring an additional 7,123 shares during the period. Finally, Tairen Capital Ltd boosted its holdings in Advance Auto Parts by 415.8% during the 4th quarter. Tairen Capital Ltd now owns 215,851 shares of the company's stock valued at $10,208,000 after acquiring an additional 174,000 shares during the period. Hedge funds and other institutional investors own 88.75% 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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