Aaron’s (NYSE:AAN)‘s stock had its “buy” rating reissued by stock analysts at Stephens in a research note issued on Wednesday. They presently have a $61.00 price objective on the stock. Stephens’ price objective would suggest a potential upside of 53.15% from the stock’s current price.

AAN has been the topic of several other research reports. Zacks Investment Research lowered shares of Aaron’s from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Raymond James Financial raised shares of Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a report on Friday, November 10th. Loop Capital raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating and set a $54.00 target price on shares of Aaron’s in a report on Thursday, October 12th. Finally, Northcoast Research set a $53.00 target price on shares of Aaron’s and gave the company a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.30.

Aaron’s (NYSE AAN) opened at $39.83 on Wednesday. The company has a market cap of $2,807.09, a price-to-earnings ratio of 20.96 and a beta of 0.22. 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 quarterly earnings results on Friday, October 27th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.11). The company had revenue of $838.80 million during the quarter, compared to the consensus estimate of $827.20 million. Aaron’s had a return on equity of 11.41% and a net margin of 4.15%. Aaron’s’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. equities research analysts expect that Aaron’s will post 2.46 earnings per share for the current fiscal year.

In other news, CFO Steven A. Michaels sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total value of $148,600.00. Following the completion of the sale, the chief financial officer now directly owns 56,769 shares of the company’s stock, valued at approximately $2,108,968.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total transaction of $543,600.00. Following the completion of the sale, the chief executive officer now directly owns 337,340 shares of the company’s stock, valued at $12,225,201.60. The disclosure for this sale can be found here. In the last three months, insiders sold 19,003 shares of company stock worth $692,308. Insiders own 1.93% of the company’s stock.

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Aaron’s by 13.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock worth $103,000 after purchasing an additional 312 shares during the period. Riverhead Capital Management LLC lifted its position in Aaron’s by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after acquiring an additional 1,630 shares during the period. Victory Capital Management Inc. lifted its position in Aaron’s by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $183,000 after acquiring an additional 705 shares during the period. KBC Group NV purchased a new position in Aaron’s during the 3rd quarter valued at about $192,000. Finally, ARP Americas LLC purchased a new position in Aaron’s during the 3rd quarter valued at about $209,000.

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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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