Advance Auto Components, Inc. (NYSE:AAP – GET Ranking) has been given a “reasonable purchase” consensus suggestion by the 19 brokerages that presently cowl the agency, MarketBeat Scores stories. 4 analysts have rated the inventory with a maintain ranking and 9 have given a purchase ranking to the corporate. The common 1-year goal worth amongst brokerages that issued a report on the inventory final 12 months is $242.17.
Many analysts have commented on this share. StockNews.com downgraded shares of Advance Auto Components from a “purchase” ranking to a “maintain” ranking in a report on Friday, July 29. MKM Companions assumed protection on Advance Auto Components’ shares in a report on Thursday, June 23. He set a “Purchase” ranking on the inventory and a goal worth of $195.00. Citigroup dropped its goal worth on Advance Auto Components shares from $294.00 to $250.00 in a report Friday, Might 13. Raymond James dropped his goal worth on Advance Auto Components shares from $275.00 to $250.00 in a report Wednesday, Might 25. Lastly, Truist Monetary lowered its worth goal on shares of Advance Auto Components from $276.00 to $238.00 and set a “purchase” ranking on the inventory in a report on Wednesday, Might 25.
Advance Auto Components Inventory Down 1.9%
Shares of NYSE AAP opened at $191.56 on Friday. The agency has a market capitalization of $11.62 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.22. The corporate has a present ratio of 1.20, a fast ratio of 0.25 and a debt-to-equity ratio of 0.41. Advance Auto Components has a 1-12 months low of $164.00 and a 1-12 months excessive of $244.55. The agency’s 50-day transferring common is $183.68 and its 200-day transferring common is $203.00.
Advance Auto Components (NYSE: YOU – GET RATINGS) final launched its earnings outcomes on Monday, Might 23. The corporate reported earnings per share (EPS) of $3.57 for the quarter, beating the consensus estimate of $3.53 by $0.04. The corporate had income of $3.40 billion for the quarter, in comparison with analyst estimates of $3.39 billion. Advance Auto Components had a internet margin of 5.16% and a return on fairness of 24.74%. The corporate’s income for the quarter was up 2.1% on a year-on-year foundation. The corporate earned EPS of $3.34 in the identical quarter final 12 months. Fairness analysts count on Advance Auto Components to publish EPS of 13.68 for the present 12 months.
Advance Auto Components Dividend Announcement
The corporate additionally lately disclosed a quarterly dividend, which was paid on Friday, July 1. On Friday, June 17, a dividend of $1.50 per share was paid to traders of file. The ex-dividend date was Thursday, June 16. This represents a $6.00 annual dividend and a yield of three.13%. Advance Auto Components has a dividend payout ratio of 66.82%.
Institutional traders weigh in on advance auto components
Many institutional traders and hedge funds have purchased and offered your shares within the latest previous. Quadrant Capital Group LLC elevated its stake in Advance Auto Components by 10.5% through the first quarter. Quadrant Capital Group LLC now owns 526 shares of the corporate’s inventory value $108,000 after buying an extra 50 shares final quarter. Profund Advisors LLC elevated its stake in Advance Auto Components by 4.0% through the fourth quarter. After buying an extra 51 shares final quarter, Profund Advisors LLC now owns 1,324 shares of the corporate’s inventory value $318,000. Horan Securities Inc. elevated its stake in Advance Auto Components by 4.4% through the second quarter. After buying an extra 53 shares within the earlier quarter, Horan Securities Inc. now owns 1,249 shares of the corporate’s inventory, valued at $235,000. Beaumont Asset Administration LLC elevated its stake in Advance Auto Components by 1.6% through the first quarter. After buying an extra 54 shares within the earlier quarter, Beaumont Asset Administration LLC now owns 3,415 shares of $706,000 of the corporate’s inventory. Lastly, Wedbush Securities Inc. elevated its stake in Advance Auto Components by 2.5% through the second quarter. After buying an extra 54 shares within the earlier quarter, Wedbush Securities Inc. He now owns 2,227 shares of the corporate’s inventory, which is valued at $385,000. Institutional traders maintain 98.99% shares of the corporate.
Advance Auto Components Firm Profile
Advance Auto Components, Inc. supplies automotive alternative components, equipment, batteries and upkeep gadgets for home and imported automobiles, vans, sport utility automobiles and lightweight and heavy responsibility vehicles. The corporate supplies battery equipment; belt and hose; brakes and brake pads; chassis and local weather management components; clutch and drive shaft; engines and engine components; exhaust system and components; hub meeting; ignition parts and wiring; Radiator and cooling components; starters and alternators; and steering and alignment components.
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