Advance Auto Parts, Inc. is a leading provider of automotive replacement parts, accessories, batteries, and maintenance items for various vehicles. The company has a significant presence in the market, with a strong brand and a wide range of products. In this analysis, we will delve into the company’s performance, recent developments, and analyst recommendations to gain a deeper understanding of its potential.
Financial Performance and Stock Performance
Advance Auto Parts has a market capitalization of $1.93 billion, with a price-to-earnings ratio of 44.13 and a PEG ratio of 1.98. The company’s beta is 1.07, indicating a moderate level of volatility. The twelve-month low and high prices for the stock are $28.89 and $79.41, respectively. The stock has a 50-day simple moving average of $39.54 and a 200-day simple moving average of $41.38.
Recent Developments and Analyst Recommendations
Recently, Barclays reduced its price target on shares of Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating on the stock. Truist Financial reduced its target price from $39.00 to $34.00 and set a “hold” rating. Royal Bank of Canada dropped its price objective from $50.00 to $44.00 and set a “sector perform” rating. Citigroup decreased its target price from $47.00 to $40.00 and set a “neutral” rating. Wedbush reissued an “outperform” rating and set a $55.00 price target.
Dividend Announcement and Insider Activity
Advance Auto Parts recently declared a quarterly dividend, which will be paid on April 25th. Shareholders of record on April 11th will receive a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date is April 11th. The company’s dividend payout ratio is currently -17.86%. In other news, CEO Shane M. Okelly bought 1,500 shares of Advance Auto Parts stock in a transaction on March 11th. The shares were bought at an average cost of $36.79 per share, with a total value of $55,185.00. Following the transaction, the chief executive officer now directly owns 183,121 shares of the company’s stock, valued at approximately $6,737,021.59.
Institutional Trading and Company Profile
Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of Advance Auto Parts by 207.4% during the fourth quarter. Allworth Financial LP raised its stake in Advance Auto Parts by 1,543.4% in the 4th quarter. Vision Financial Markets LLC acquired a new stake in Advance Auto Parts during the 4th quarter worth about $42,000. Advisory Services Network LLC purchased a new stake in Advance Auto Parts during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 88.75% of the company’s stock. 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 a wide range of products, including 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.
Key Statistics and Market Data
| Market Capitalization | $1.93 billion |
|---|---|
| Pric-to-Earnings Ratio | 44.13 |
| PEG Ratio | 1.98 |
| Beta | 1.07 |
| Twelve-Month Low | $28.89 |
| Twelve-Month High | $79.41 |
Advance Auto Parts has a strong brand and a wide range of products, making it a popular choice for car owners and automotive professionals. The company’s financial performance and recent developments suggest that it may be a good investment opportunity for some investors. However, it’s essential to consider the analyst recommendations and institutional trading activity before making any investment decisions. In conclusion, Advance Auto Parts, Inc. While the company’s financial performance and recent developments suggest that it may be a good investment opportunity, it’s essential to consider the analyst recommendations and institutional trading activity before making any investment decisions.