Aaron’s Inc. (NYSE:AAN) Receives $31.67 Average Price Target from Analysts
Aaron’s Inc. (NYSE:AAN) has received a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.67.
Several research firms have weighed in on AAN. TheStreet upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Zacks Investment Research lowered shares of Aaron’s from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd.
In other Aaron’s news, Director Robert H. Yanker purchased 40,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were bought at an average price of $25.29 per share, for a total transaction of $1,011,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.12% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AAN. Vanguard Group Inc. raised its position in shares of Aaron’s by 4.8% in the second quarter. Vanguard Group Inc. now owns 5,674,697 shares of the company’s stock valued at $124,219,000 after buying an additional 258,460 shares during the period. Dimensional Fund Advisors LP raised its position in Aaron’s by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,326,839 shares of the company’s stock worth $116,606,000 after buying an additional 619,133 shares during the last quarter. BlackRock Fund Advisors raised its position in Aaron’s by 50.6% in the second quarter. BlackRock Fund Advisors now owns 3,224,821 shares of the company’s stock worth $70,591,000 after buying an additional 1,083,323 shares during the last quarter. State Street Corp raised its position in Aaron’s by 4.9% in the second quarter. State Street Corp now owns 2,650,273 shares of the company’s stock worth $58,017,000 after buying an additional 124,079 shares during the last quarter. Finally, First Pacific Advisors LLC raised its position in Aaron’s by 9.7% in the second quarter. First Pacific Advisors LLC now owns 2,408,789 shares of the company’s stock worth $52,728,000 after buying an additional 212,643 shares during the last quarter. Institutional investors own 91.99% of the company’s stock.
Aaron’s (NYSE:AAN) opened at 25.14 on Friday. Aaron’s has a one year low of $20.24 and a one year high of $40.80. The firm has a 50-day moving average of $24.97 and a 200-day moving average of $24.48. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 13.73 and a beta of 0.28.
Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business earned $789.40 million during the quarter, compared to the consensus estimate of $809.16 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.01%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. Analysts anticipate that Aaron’s will post $2.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. Aaron’s’s dividend payout ratio (DPR) is 5.43%.
Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.
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