Raymond James Financial, Inc. upgraded shares of Aaron’s, Inc. (NYSE:AAN) from a market perform rating to a strong-buy rating in a research report report published on Friday morning, Marketbeat reports. Raymond James Financial, Inc. currently has $14.00 target price on the stock.

Several other equities research analysts also recently weighed in on the company. Northcoast Research reissued a buy rating and set a $52.50 price objective (up previously 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 on shares of Aaron’s, in a report on Friday, September 1st. Off Wall Street assumed coverage on Aaron’s, in a report on Monday, September 18th. They set a sell rating on the stock. Finally, Jefferies Group LLC reissued a buy rating on shares of Aaron’s, in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $43.06.

Shares of Aaron’s, (NYSE:AAN) opened at $35.53 on Friday. The firm has a market capitalization of $2,589.15, a price-to-earnings ratio of 15.18 and a beta of 0.23. Aaron’s, has a twelve month low of $26.12 and a twelve month high of $48.22. The company has a quick ratio of 0.74, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.11). The business had revenue of $838.80 million during the quarter, compared to analyst estimates of $827.20 million. Aaron’s, had a net margin of 4.15% and a return on equity of 11.41%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. equities research analysts expect that Aaron’s, will post 2.47 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be given a dividend of $0.03 per share. This is a positive change from Aaron’s, ‘s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, December 12th. Aaron’s, ‘s dividend payout ratio (DPR) is currently 5.79%.

In other news, insider Robert P. Sinclair, Jr. sold 1,000 shares of Aaron’s, stock in a transaction dated 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 approximately $516,105. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert P. Sinclair, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $43.47, for a total value of $173,880.00. Following the completion of the sale, the insider now directly owns 12,469 shares of the company’s stock, valued at $542,027.43. The disclosure for this sale can be found here. Over the last three months, insiders bought 2,913,000 shares of company stock valued at $118,730 and sold 60,779 shares valued at $2,511,865. Company insiders own 1.93% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in Aaron’s, by 4.3% in the 2nd quarter. BlackRock Inc. now owns 7,237,539 shares of the company’s stock valued at $281,540,000 after buying an additional 298,839 shares in the last quarter. Vanguard Group Inc. increased its position in Aaron’s, by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,320,969 shares of the company’s stock valued at $245,885,000 after buying an additional 22,626 shares in the last quarter. State Street Corp increased its position in Aaron’s, by 6.8% in the 2nd quarter. State Street Corp now owns 2,235,516 shares of the company’s stock valued at $86,967,000 after buying an additional 142,599 shares in the last quarter. Northern Trust Corp increased its position in Aaron’s, by 6.2% in the 2nd quarter. Northern Trust Corp now owns 1,574,361 shares of the company’s stock valued at $61,243,000 after buying an additional 91,801 shares in the last quarter. Finally, AJO LP increased its position in Aaron’s, by 267.0% in the 2nd quarter. AJO LP now owns 1,468,601 shares of the company’s stock valued at $57,129,000 after buying an additional 1,068,399 shares in the last quarter.

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.

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

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