Aaron’s, Inc. (NYSE:AAN)‘s stock had its “buy” rating reiterated by SunTrust Banks, Inc. in a research report issued on Monday, July 31st, The Fly reports.
Other research analysts have also issued research reports about the stock. TheStreet raised shares of Aaron’s, from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Stifel Nicolaus reissued a “buy” rating and set a $55.00 price objective (up previously from $40.00) on shares of Aaron’s, in a research note on Sunday, July 30th. Jefferies Group LLC reissued a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th. BidaskClub lowered shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Zacks Investment Research raised shares of Aaron’s, from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $42.50.
Aaron’s, (AAN) traded up 0.87% during midday trading on Monday, hitting $45.19. 596,224 shares of the stock were exchanged. The company has a 50 day moving average price of $40.93 and a 200 day moving average price of $34.39. Aaron’s, has a one year low of $22.37 and a one year high of $48.22. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.22 and a beta of 0.17.
Aaron’s, (NYSE:AAN) last released its quarterly earnings data on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.10. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The business had revenue of $815.60 million for the quarter, compared to analyst estimates of $786.12 million. During the same quarter last year, the firm earned $0.59 EPS. Aaron’s, ‘s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Aaron’s, will post $2.56 EPS for the current year.
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In other Aaron’s, news, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total transaction of $691,650.00. Following the sale, the chief executive officer now directly owns 348,440 shares in the company, valued at approximately $16,066,568.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven A. Michaels sold 5,000 shares of Aaron’s, stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $46.26, for a total transaction of $231,300.00. Following the completion of the sale, the chief financial officer now owns 61,095 shares in the company, valued at $2,826,254.70. The disclosure for this sale can be found here. Company insiders own 1.93% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in Aaron’s, during the fourth quarter worth about $246,000. UBS Asset Management Americas Inc. increased its stake in Aaron’s, by 71.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 86,789 shares of the company’s stock worth $2,776,000 after buying an additional 36,119 shares during the period. Teachers Advisors LLC increased its stake in Aaron’s, by 14.5% in the fourth quarter. Teachers Advisors LLC now owns 453,416 shares of the company’s stock worth $14,505,000 after buying an additional 57,440 shares during the period. Foundry Partners LLC increased its stake in Aaron’s, by 13.8% in the first quarter. Foundry Partners LLC now owns 270,527 shares of the company’s stock worth $8,045,000 after buying an additional 32,758 shares during the period. Finally, Bank of Montreal Can increased its stake in Aaron’s, by 29.5% in the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock worth $126,000 after buying an additional 961 shares during the period. Institutional investors own 99.23% of the company’s stock.
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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