In the last trading session, 1.54 million Advance Auto Parts Inc (NYSE:AAP) shares changed hands as the company’s beta touched 1.13. With the company’s per share price at $37.72 changed hands at -$0.12 or -0.32% during last session, the market valuation stood at $2.26B. AAP’s last price was a discount, traded about -134.78% off its 52-week high of $88.56. The share price had its 52-week low at $33.08, which suggests the last value was 12.3% up since then. When we look at Advance Auto Parts Inc’s average trading volume, we note the 10-day average is 2.82 million shares, with the 3-month average coming to 2.25 million.
Analysts gave the Advance Auto Parts Inc (AAP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.04. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 10 recommended AAP as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Advance Auto Parts Inc’s EPS for the current quarter is expected to be -0.61.
Advance Auto Parts Inc (NYSE:AAP) trade information
Instantly AAP was in red as seen at the end of in last trading. With action 3.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -20.24%, with the 5-day performance at 3.29% in the green. However, in the 30-day time frame, Advance Auto Parts Inc (NYSE:AAP) is -21.20% down. Looking at the short shares, we see there were 8.44 million shares sold at short interest cover period of 3.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 39, meaning bulls need an upside of 3.28% from its current market value. According to analyst projections, AAP’s forecast low is 39 with 39 as the target high. To hit the forecast high, the stock’s price needs a -3.39% plunge from its current level, while the stock would need to soar -3.39% for it to hit the projected low.
Advance Auto Parts Inc (AAP) estimates and forecasts
Year-over-year growth is forecast to reach -6.53% down from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 2.51B. 22 analysts are of the opinion that Advance Auto Parts Inc’s revenue for the current quarter will be 1.98B. The company’s revenue for the corresponding quarters a year ago was 3.41B and 2.68B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -26.30%. The estimates for the next quarter sales put growth at -26.18%.
The 2025 estimates are for Advance Auto Parts Inc earnings to increase by 608.17%.
AAP Dividends
Advance Auto Parts Inc is expected to release its next quarterly earnings report on 2025-Feb-25. The 2.65% annual yield figure for the share gives it an annual dividend of 1.00. It is important to note, however, that the 2.65% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.58 per year.
Advance Auto Parts Inc (NYSE:AAP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.52% of Advance Auto Parts Inc shares while 122.86% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 124.75%. There are 122.86% institutions holding the Advance Auto Parts Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 12.4813% of the shares, roughly 7.43 million AAP shares worth $470.77 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.3065% or 6.73 million shares worth $426.46 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Price (T.Rowe) Mid-Cap Value Fund and iShares Core S&P Smallcap ETF . With 3.88 shares estimated at $146.44 million under it, the former controlled 6.49% of total outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held about 6.38% of the shares, roughly 3.82 shares worth around $143.97 million.
