Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Aaron’s, (AAN) Stock Price
News articles about Aaron’s, (NYSE:AAN) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aaron’s, earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.4720533106538 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Insider Selling: Aaron’s, Inc. (AAN) Insider Sells 1,000 Shares of Stock (americanbankingnews.com)
- Aaron’s, Inc. (AAN) Insider Curtis Linn Doman Sells 30,000 Shares (americanbankingnews.com)
- The Zacks Analyst Blog Highlights: Best Buy, Aaron's, Childrens Place, Big Lots and Burlington Stores (finance.yahoo.com)
- Zacks.com featured highlights TriNet, TopBuild, Aaron's and Saia (finance.yahoo.com)
- Back-to-College Shopping to Hit All-Time High: Top 5 Gainers (finance.yahoo.com)
Several research firms recently weighed in on AAN. Northcoast Research restated a “buy” rating and issued a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. SunTrust Banks, Inc. restated a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Jefferies Group LLC upped their price target on Aaron’s, from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Stifel Nicolaus restated a “buy” rating and issued a $55.00 price target (up previously from $40.00) on shares of Aaron’s, in a research note on Sunday, July 30th. Finally, Zacks Investment Research upgraded Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Aaron’s, presently has an average rating of “Buy” and a consensus target price of $42.50.
Aaron’s, (NYSE AAN) opened at 44.70 on Tuesday. Aaron’s, has a 12-month low of $22.37 and a 12-month high of $48.22. The company has a market capitalization of $3.16 billion, a PE ratio of 22.97 and a beta of 0.17. The stock’s 50 day moving average price is $42.53 and its 200 day moving average price is $35.46.
Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The business had revenue of $815.60 million for the quarter, compared to the consensus estimate of $786.12 million. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. On average, equities analysts anticipate that Aaron’s, will post $2.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.027 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, September 14th. Aaron’s, ‘s payout ratio is 5.64%.
In related news, insider Robert P. Sinclair, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the insider now owns 11,469 shares in the company, valued at $516,105. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total transaction of $691,650.00. Following the completion of the sale, the chief executive officer now owns 348,440 shares of the company’s stock, valued at approximately $16,066,568.40. The disclosure for this sale can be found here. Insiders sold 55,000 shares of company stock valued at $2,442,330 in the last quarter. Company insiders own 1.93% of the company’s stock.
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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.
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