Advance Auto Parts, Inc. (AAP) To Go Ex-Dividend on April 11th

Advance Auto Parts, Inc. (NYSE:AAP) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Friday, April 11th will be paid a dividend of 0.25 per share on Friday, April 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, April 11th.

Advance Auto Parts has decreased its dividend by an average of 32.5% annually over the last three years. Advance Auto Parts has a dividend payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Advance Auto Parts to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 63.7%.

Advance Auto Parts Stock Down 0.2 %

AAP stock opened at $36.90 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. Advance Auto Parts has a 1-year low of $35.59 and a 1-year high of $88.56. The firm has a fifty day moving average price of $46.01 and a two-hundred day moving average price of $43.88. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 1.98 and a beta of 1.15.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AAP. UBS Group boosted their target price on shares of Advance Auto Parts from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Citigroup decreased their target price on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday. Evercore ISI raised their price objective on shares of Advance Auto Parts from $45.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Royal Bank of Canada decreased their target price on shares of Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.69.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now owns 24,266 shares in the company, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.35% of the company’s stock.

Advance Auto Parts Company Profile

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.