Equities researchers at Off Wall Street started coverage on shares of Aaron’s, Inc. (NYSE:AAN) in a note issued to investors on Monday. The brokerage set a “sell” rating on the stock.

Other research analysts also recently issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Aaron’s, in a research note on Thursday, September 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target on shares of Aaron’s, in a research note on Friday, September 1st. Northcoast Research reaffirmed a “buy” rating and set a $52.50 price target (up from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Finally, BidaskClub downgraded Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $44.21.

Shares of Aaron’s, (NYSE:AAN) opened at 39.35 on Monday. The company has a 50-day moving average price of $43.85 and a 200-day moving average price of $37.21. Aaron’s, has a 12 month low of $22.37 and a 12 month high of $48.22. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 20.22 and a beta of 0.18.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings results on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $786.12 million. During the same period in the prior year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that Aaron’s, will post $2.56 earnings per share for the current fiscal year.

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In other news, CEO John W. Robinson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $46.11, for a total value of $691,650.00. Following the completion of the sale, the chief executive officer now directly owns 348,440 shares of the company’s stock, valued at $16,066,568.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of the stock in a transaction that occurred 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 sale, 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. Over the last three months, insiders sold 61,776 shares of company stock valued at $2,742,507. Company insiders own 1.93% of the company’s stock.

Institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its stake in shares of 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 purchasing an additional 682 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Aaron’s, by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after acquiring an additional 312 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Aaron’s, by 5.0% during the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock valued at $106,000 after acquiring an additional 168 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Aaron’s, by 24.1% during the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after acquiring an additional 778 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Aaron’s, by 29.5% during the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock valued at $126,000 after acquiring an additional 961 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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