Aaron’s, Inc. (AAN) Receives $46.07 Average Price Target from Analysts
Shares of Aaron’s, Inc. (NYSE:AAN) have been given a consensus rating of “Buy” by the thirteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $46.07.
A number of analysts have recently commented on AAN shares. BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating and set a $54.00 target price on shares of Aaron’s, in a research report on Thursday, August 31st. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 target price (up previously from $40.00) on shares of Aaron’s, in a research report on Sunday, July 30th. KeyCorp raised shares of Aaron’s, from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Thursday, September 28th. Finally, Off Wall Street started coverage on shares of Aaron’s, in a research note on Monday, September 18th. They issued a “sell” rating on the stock.
Aaron’s, (NYSE:AAN) traded up 0.07% on Friday, reaching $43.84. The company’s stock had a trading volume of 368,928 shares. The firm has a 50-day moving average of $42.63 and a 200 day moving average of $38.04. 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 $3.10 billion, a price-to-earnings ratio of 22.53 and a beta of 0.21.
Aaron’s, (NYSE:AAN) last released 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. The company had revenue of $815.60 million during the quarter, compared to analysts’ expectations of $786.12 million. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. Aaron’s, ‘s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, equities research analysts anticipate that Aaron’s, will post $2.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.027 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, September 14th. Aaron’s, ‘s dividend payout ratio is presently 5.64%.
In other Aaron’s, news, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 348,440 shares in the company, valued at approximately $16,066,568.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis Linn Doman sold 30,000 shares of Aaron’s, stock in a transaction on Friday, August 25th. The stock was sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the sale, the insider now directly owns 101,775 shares in the company, valued at approximately $4,411,946.25. The disclosure for this sale can be found here. Insiders have sold 61,776 shares of company stock valued at $2,742,507 over the last quarter. 1.93% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in AAN. Wellington Management Group LLP acquired a new stake in shares of Aaron’s, in the first quarter valued at about $688,000. Great West Life Assurance Co. Can lifted its stake in shares of Aaron’s, by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 38,370 shares of the company’s stock worth $1,492,000 after buying an additional 307 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Aaron’s, by 10.3% in the second quarter. Legal & General Group Plc now owns 80,025 shares of the company’s stock worth $3,112,000 after buying an additional 7,493 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Aaron’s, in the first quarter worth about $493,000. Finally, Vanguard Group Inc. lifted its stake 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 worth $187,313,000 after buying an additional 361,856 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.
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.
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