Creative Planning Has $667,000 Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Creative Planning lessened its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 11.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 17,118 shares of the company’s stock after selling 2,220 shares during the quarter. Creative Planning’s holdings in Advance Auto Parts were worth $667,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAP. Allspring Global Investments Holdings LLC acquired a new stake in Advance Auto Parts during the 1st quarter valued at approximately $34,000. Mather Group LLC. grew its position in shares of Advance Auto Parts by 1,241.7% during the 2nd quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $41,000 after buying an additional 596 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Advance Auto Parts during the 2nd quarter worth approximately $41,000. Blue Trust Inc. grew its position in shares of Advance Auto Parts by 98.7% during the 2nd quarter. Blue Trust Inc. now owns 769 shares of the company’s stock worth $49,000 after buying an additional 382 shares during the period. Finally, AM Squared Ltd acquired a new stake in shares of Advance Auto Parts during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 88.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Advance Auto Parts from $68.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Mizuho reaffirmed a “neutral” rating and set a $38.00 price objective (down previously from $45.00) on shares of Advance Auto Parts in a research report on Thursday, September 12th. TD Cowen cut their target price on Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, August 23rd. Roth Mkm reiterated a “neutral” rating and issued a $40.00 target price on shares of Advance Auto Parts in a report on Wednesday, October 16th. Finally, Wells Fargo & Company cut their target price on Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.92.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $36.25 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.30 and a debt-to-equity ratio of 0.69. The stock’s fifty day simple moving average is $40.13 and its two-hundred day simple moving average is $56.81. Advance Auto Parts, Inc. has a 1-year low of $35.59 and a 1-year high of $88.56. The stock has a market cap of $2.16 billion, a PE ratio of 3,625.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.17.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.22). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.67 billion. Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. Advance Auto Parts’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. As a group, analysts forecast that Advance Auto Parts, Inc. will post 2.19 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, October 11th. Advance Auto Parts’s payout ratio is 10,000.00%.

Advance Auto Parts 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.