Advance Auto Parts, Inc. (NYSE:AAP) Given Average Recommendation of "Hold" by Brokerages

Shares of Advance Auto Parts, Inc. (NYSE:AAP - Get Free Report) have been given an average rating of "Hold" by the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $47.88.

Several brokerages have issued reports on AAP. DA Davidson reaffirmed a "neutral" rating and set a $45.00 price target on shares of Advance Auto Parts in a research note on Friday, November 15th. UBS Group lifted their price objective on Advance Auto Parts from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. BMO Capital Markets started coverage on Advance Auto Parts in a report on Friday, December 13th. They issued a "market perform" rating and a $45.00 price objective on the stock. Royal Bank of Canada decreased their price objective on Advance Auto Parts from $52.00 to $46.00 and set a "sector perform" rating on the stock in a report on Monday, November 11th. Finally, Truist Financial decreased their price objective on Advance Auto Parts from $41.00 to $39.00 and set a "hold" rating on the stock in a report on Friday, November 15th.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the transaction, the executive vice president now owns 24,266 shares of the company's stock, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by insiders.

Institutional Trading of Advance Auto Parts

Several large investors have recently bought and sold shares of the business. Eminence Capital LP purchased a new stake in shares of Advance Auto Parts in the 4th quarter valued at approximately $87,214,000. Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 1,706,328 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Advance Auto Parts by 140.3% in the 3rd quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company's stock valued at $113,409,000 after purchasing an additional 1,698,155 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at $75,055,000. Finally, Marshall Wace LLP lifted its stake in shares of Advance Auto Parts by 2,585.1% in the 4th quarter. Marshall Wace LLP now owns 1,353,912 shares of the company's stock valued at $64,026,000 after purchasing an additional 1,303,488 shares during the last quarter. Hedge funds and other institutional investors own 88.75% of the company's stock.

Advance Auto Parts Stock Down 2.0 %

Shares of AAP stock traded down $0.88 during trading hours on Friday, reaching $43.46. The company had a trading volume of 2,498,402 shares, compared to its average volume of 1,734,522. Advance Auto Parts has a 12 month low of $35.59 and a 12 month high of $88.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. The business has a fifty day simple moving average of $46.22 and a 200-day simple moving average of $44.51. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 59.53, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15.

About Advance Auto Parts

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.