Jefferies Group LLC restated their buy rating on shares of Aaron’s, Inc. (NYSE:AAN) in a research note released on Thursday. Jefferies Group LLC currently has a $54.00 price objective on the stock.

Several other equities analysts have also weighed in on the company. Northcoast Research reissued a buy rating and set a $52.50 price objective (up from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. SunTrust Banks, Inc. reissued a buy rating on shares of Aaron’s, in a report on Monday, July 31st. Stifel Nicolaus reissued a buy rating and set a $55.00 price objective (up from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. Finally, BidaskClub lowered Aaron’s, from a strong-buy rating to a buy rating in a report on Friday, July 7th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $44.21.

Shares of Aaron’s, (AAN) opened at 44.50 on Thursday. Aaron’s, has a 12-month low of $22.37 and a 12-month high of $48.22. The firm has a market capitalization of $3.15 billion, a PE ratio of 22.87 and a beta of 0.19. The company’s 50-day moving average price is $43.43 and its 200 day moving average price is $35.98.

Aaron’s, (NYSE:AAN) last announced its quarterly earnings data on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.10. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The business had revenue of $815.60 million during the quarter, compared to analyst estimates of $786.12 million. During the same period in the prior year, the company earned $0.59 earnings per share. Aaron’s, ‘s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Aaron’s, will post $2.56 earnings per share for the current year.

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The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, September 14th. Aaron’s, ‘s payout ratio is currently 5.64%.

In other news, CEO Ryan K. Woodley sold 6,776 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $44.30, for a total value of $300,176.80. Following the completion of the transaction, the chief executive officer now directly owns 145,849 shares of the company’s stock, valued at $6,461,110.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the insider now directly owns 11,469 shares of the company’s stock, valued at $516,105. The disclosure for this sale can be found here. Insiders sold 61,776 shares of company stock valued at $2,742,507 over the last ninety days. Corporate insiders own 1.93% of the company’s stock.

Several institutional investors have recently bought and sold shares of AAN. LS Investment Advisors LLC raised its position in Aaron’s, by 34.5% in the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock worth $103,000 after buying an additional 682 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Aaron’s, by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock worth $103,000 after buying an additional 312 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock worth $106,000 after buying an additional 168 shares during the last quarter. Victory Capital Management Inc. raised its position in Aaron’s, by 24.1% in the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock worth $119,000 after buying an additional 778 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its position in Aaron’s, by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,048 shares of the company’s stock worth $120,000 after buying an additional 1,904 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Aaron’s, Company Profile

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.

Analyst Recommendations for Aaron`s,  (NYSE:AAN)

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