Aaron’s, Inc. (NYSE:AAN) has been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $38.00.

AAN has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Tuesday, May 2nd. Loop Capital reissued a “hold” rating and set a $28.00 price target on shares of Aaron’s, in a research note on Sunday, April 23rd. Jefferies Group LLC boosted their price target on shares of Aaron’s, from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Finally, TheStreet upgraded shares of Aaron’s, from a “c+” rating to a “b-” rating in a report on Monday, April 24th.

WARNING: “Aaron’s, Inc. (AAN) Receives $38.00 Average PT from Analysts” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/06/18/aarons-inc-aan-receives-consensus-rating-of-buy-from-analysts-updated-updated.html.

Shares of Aaron’s, (NYSE AAN) traded up 1.39% during midday trading on Friday, hitting $39.42. The stock had a trading volume of 910,335 shares. The company has a market cap of $2.79 billion, a P/E ratio of 20.04 and a beta of 0.18. Aaron’s, has a one year low of $20.51 and a one year high of $40.33. The firm has a 50 day moving average of $36.90 and a 200-day moving average of $31.96.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings results on Friday, April 28th. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.14. The business had revenue of $844.60 million during the quarter, compared to the consensus estimate of $830.44 million. Aaron’s, had a net margin of 4.47% and a return on equity of 11.81%. Aaron’s, ‘s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, analysts forecast that Aaron’s, will post $2.40 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Tuesday, June 27th will be given a $0.0275 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, June 23rd. Aaron’s, ‘s dividend payout ratio is presently 5.58%.

In other news, CAO Robert W. Kamerschen sold 4,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $30.32, for a total value of $121,280.00. Following the sale, the chief accounting officer now owns 36,999 shares of the company’s stock, valued at $1,121,809.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $36.80, for a total transaction of $552,000.00. Following the sale, the chief executive officer now directly owns 363,440 shares in the company, valued at $13,374,592. The disclosure for this sale can be found here. In the last three months, insiders sold 47,750 shares of company stock worth $1,542,268. 1.93% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Aaron’s, by 14,081.2% in the first quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock valued at $206,356,000 after buying an additional 6,889,771 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Aaron’s, by 6.1% in the first quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock valued at $187,313,000 after buying an additional 361,856 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aaron’s, by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,115,590 shares of the company’s stock valued at $195,638,000 after buying an additional 122,162 shares during the last quarter. LSV Asset Management raised its position in shares of Aaron’s, by 49.0% in the first quarter. LSV Asset Management now owns 2,020,086 shares of the company’s stock valued at $60,077,000 after buying an additional 664,286 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Aaron’s, by 1.4% in the third quarter. Northern Trust Corp now owns 1,448,735 shares of the company’s stock valued at $36,827,000 after buying an additional 20,499 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

About Aaron’s,

Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.

Receive News & Stock Ratings for Aaron's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's Inc. and related stocks with our FREE daily email newsletter.