UBS reported on Wednesday that it has lowered its estimates on automotive part retailer, Advance Auto Parts, Inc. (AAP).
The firm has reduced its estimates through 2014 on AAP. Analysts have lowered their outlook on the company due to AAP’s weak first quarter.
The company’s first quarter was negatively impacted by the tax return delay and bad weather.
Advance Auto Parts shares were down 70 cents, or -0.89% during premarket trading Wednesday. The stock has declined -12% in the past year.
The Bottom Line
Shares of Advance Auto Parts, Inc. (AAP) have a 0.30% yield, based on Wednesday’s closing price of $78.71.
Advance Auto Parts, Inc. (AAP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.