Advance Auto Parts (NYSE:AAP) had its price objective upped by UBS Group from $154.00 to $165.00 in a report published on Friday, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on AAP. Nomura Securities reiterated a hold rating and set a $107.00 price objective (down from $115.00) on shares of Advance Auto Parts in a research note on Monday, April 13th. Credit Suisse Group reduced their price objective on shares of Advance Auto Parts from $175.00 to $133.00 and set an outperform rating on the stock in a research note on Monday, March 30th. Wedbush increased their price objective on shares of Advance Auto Parts from $120.00 to $150.00 and gave the stock an outperform rating in a research note on Wednesday, May 20th. Jefferies Financial Group increased their price objective on shares of Advance Auto Parts from $151.00 to $157.00 and gave the stock a buy rating in a research note on Wednesday, May 20th. Finally, Royal Bank of Canada increased their price objective on shares of Advance Auto Parts from $136.00 to $155.00 in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $144.40.

AAP stock opened at $142.75 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 1.36. The company’s 50-day simple moving average is $137.98 and its 200 day simple moving average is $131.67. Advance Auto Parts has a 52 week low of $71.33 and a 52 week high of $171.43. The company has a market capitalization of $9.67 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.08 and a beta of 1.30.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.84). Advance Auto Parts had a net margin of 4.10% and a return on equity of 13.20%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the company posted $2.46 earnings per share. The company’s revenue was down 8.6% on a year-over-year basis. On average, analysts forecast that Advance Auto Parts will post 6.3 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Saturday, June 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. Advance Auto Parts’s payout ratio is currently 12.21%.

In other news, CAO Andrew E. Page sold 720 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $141.38, for a total value of $101,793.60. Following the sale, the chief accounting officer now directly owns 7,008 shares in the company, valued at approximately $990,791.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec raised its holdings in Advance Auto Parts by 88.0% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,780,229 shares of the company’s stock valued at $166,131,000 after buying an additional 833,349 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in Advance Auto Parts by 1.5% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,677,192 shares of the company’s stock valued at $268,619,000 after buying an additional 25,585 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in Advance Auto Parts by 24.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,431,560 shares of the company’s stock valued at $133,593,000 after buying an additional 276,805 shares during the last quarter. Bank of America Corp DE raised its holdings in Advance Auto Parts by 52.5% in the 4th quarter. Bank of America Corp DE now owns 1,132,971 shares of the company’s stock valued at $181,457,000 after buying an additional 390,256 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Advance Auto Parts by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 1,077,393 shares of the company’s stock worth $100,346,000 after purchasing an additional 27,991 shares during the last quarter. Institutional investors and hedge funds own 96.85% of the company’s stock.

About Advance Auto Parts

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.

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Analyst Recommendations for Advance Auto Parts (NYSE:AAP)

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