During the last session, Advance Auto Parts Inc (NYSE:AAP)’s traded shares were 1.84 million, with the beta value of the company hitting 1.09. At the end of the trading day, the stock’s price was $48.55, reflecting an intraday gain of 0.66% or $0.32. The 52-week high for the AAP share is $67.03, that puts it down -38.06 from that peak though still a striking 40.49% gain since the share price plummeted to a 52-week low of $28.89. The company’s market capitalization is $2.91B, and the average intraday trading volume over the past 10 days was 1.91 million shares, and the average trade volume was 2.90 million shares over the past three months.
Advance Auto Parts Inc (AAP) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.07. AAP has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it.
Advance Auto Parts Inc (NYSE:AAP) trade information
Advance Auto Parts Inc (AAP) registered a 0.66% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.66% in intraday trading to $48.55, hitting a weekly high. The stock’s 5-day price performance is -5.76%, and it has moved by 41.22% in 30 days. Based on these gigs, the overall price performance for the year is -23.45%. The short interest in Advance Auto Parts Inc (NYSE:AAP) is 11.88 million shares and it means that shorts have 2.81 day(s) to cover.
The consensus price target of analysts on Wall Street is $42.5, which implies a decrease of -14.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $35 and $50 respectively. As a result, AAP is trading at a discount of -2.99% off the target high and 27.91% off the low.
While earnings are projected to return 733.03% in 2025.
AAP Dividends
Advance Auto Parts Inc is due to release its next quarterly earnings on 2025-May-22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Advance Auto Parts Inc is 1.00, with the dividend yield indicating at 2.06 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.69%.
Advance Auto Parts Inc (NYSE:AAP)’s Major holders
Advance Auto Parts Inc insiders own 0.99% of total outstanding shares while institutional holders control 126.00%, with the float percentage being 127.26%. BLACKROCK INC. is the largest shareholder of the company, while 470.0 institutions own stock in it. As of 2024-06-30, the company held over 7.43 million shares (or 12.4656% of all shares), a total value of $470.77 million in shares.
The next largest institutional holding, with 6.73 million shares, is of VANGUARD GROUP INC’s that is approximately 11.2923% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $426.46 million.
