Aaron’s, Inc. (AAN) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Aaron’s, Inc. (NYSE:AAN) have earned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $38.00.

AAN has been the topic of several research analyst reports. TheStreet raised Aaron’s, from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Jefferies Group LLC boosted their target price on Aaron’s, from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 1st. BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research raised Aaron’s, from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Finally, Loop Capital reissued a “hold” rating and set a $28.00 target price on shares of Aaron’s, in a research note on Sunday, April 23rd.

TRADEMARK VIOLATION NOTICE: “Aaron’s, Inc. (AAN) Receives Consensus Recommendation of “Buy” from Brokerages” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/07/18/aarons-inc-aan-receives-consensus-recommendation-of-buy-from-brokerages.html.

Shares of Aaron’s, (NYSE:AAN) traded up 1.03% during midday trading on Monday, hitting $38.14. 592,654 shares of the stock were exchanged. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 19.39 and a beta of 0.14. Aaron’s, has a 1-year low of $21.50 and a 1-year high of $40.33. The stock’s 50-day moving average price is $37.53 and its 200-day moving average price is $32.52.

Aaron’s, (NYSE:AAN) last posted its earnings results on Friday, April 28th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.14. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The firm had revenue of $844.60 million for the quarter, compared to analysts’ expectations of $830.44 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. On average, analysts forecast that Aaron’s, will post $2.40 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Tuesday, June 27th were paid a $0.0275 dividend. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.11 annualized dividend and a yield of 0.29%. Aaron’s, ‘s payout ratio is 5.58%.

In related news, CAO Robert W. Kamerschen sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $37.39, for a total value of $186,950.00. Following the sale, the chief accounting officer now directly owns 31,999 shares of the company’s stock, valued at $1,196,442.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $36.80, for a total value of $552,000.00. Following the completion of the sale, the chief executive officer now directly owns 363,440 shares in the company, valued at $13,374,592. The disclosure for this sale can be found here. 1.93% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Capstone Asset Management Co. boosted its stake in shares of Aaron’s, by 0.3% in the first quarter. Capstone Asset Management Co. now owns 10,684 shares of the company’s stock valued at $318,000 after buying an additional 30 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock valued at $106,000 after buying an additional 168 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Aaron’s, by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,318 shares of the company’s stock valued at $128,000 after buying an additional 204 shares during the last quarter. UBS Group AG boosted its stake in shares of Aaron’s, by 0.6% in the first quarter. UBS Group AG now owns 44,095 shares of the company’s stock valued at $1,311,000 after buying an additional 255 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Aaron’s, by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,664 shares of the company’s stock valued at $674,000 after buying an additional 300 shares during the last quarter. 99.83% of the stock is currently owned by 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)

What are top analysts saying about Aaron's Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Aaron's Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit