FY2026 EPS Forecast for Advance Auto Parts Cut by Analyst

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Stock analysts at DA Davidson decreased their FY2026 earnings estimates for shares of Advance Auto Parts in a research report issued to clients and investors on Thursday, March 6th. DA Davidson analyst M. Baker now anticipates that the company will earn $3.72 per share for the year, down from their previous estimate of $3.83. DA Davidson currently has a "Neutral" rating and a $45.00 price target on the stock. The consensus estimate for Advance Auto Parts' current full-year earnings is ($0.46) per share.

Other equities analysts have also issued research reports about the stock. Wedbush reaffirmed an "outperform" rating and set a $55.00 target price on shares of Advance Auto Parts in a research report on Monday, March 3rd. Wells Fargo & Company boosted their price target on Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Citigroup reduced their price objective on Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Evercore ISI raised their target price on Advance Auto Parts from $45.00 to $60.00 and gave the stock a "hold" rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada dropped their price objective on shares of Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.69.

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Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock traded up $1.30 during trading on Friday, reaching $36.67. The company's stock had a trading volume of 4,303,613 shares, compared to its average volume of 2,318,756. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The business's fifty day moving average price is $44.97 and its 200-day moving average price is $42.56. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. Advance Auto Parts has a one year low of $33.08 and a one year high of $88.56.

Institutional Trading of Advance Auto Parts

A number of hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Advance Auto Parts during the 3rd quarter worth approximately $14,684,000. Wolverine Asset Management LLC grew its stake in shares of Advance Auto Parts by 212.4% in the third quarter. Wolverine Asset Management LLC now owns 31,357 shares of the company's stock worth $1,223,000 after purchasing an additional 21,320 shares during the last quarter. Blue Trust Inc. increased its holdings in Advance Auto Parts by 75.9% in the fourth quarter. Blue Trust Inc. now owns 2,119 shares of the company's stock valued at $100,000 after purchasing an additional 914 shares during the period. Quest Partners LLC bought a new position in Advance Auto Parts during the 3rd quarter worth $579,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Advance Auto Parts in the 4th quarter valued at about $1,196,000. 88.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Eugene I. Lee, Jr. purchased 14,640 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $34.15 per share, for a total transaction of $499,956.00. Following the completion of the acquisition, the director now owns 34,070 shares of the company's stock, valued at approximately $1,163,490.50. This represents a 75.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.35% of the company's stock.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's dividend payout ratio is presently -17.86%.

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.