Aaron’s, Inc. (NYSE:AAN) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $43.70.
AAN has been the topic of several research reports. BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Zacks Investment Research raised shares of Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, May 2nd. 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. Stifel Nicolaus reissued a “buy” rating and set a $55.00 target price (up from $40.00) on shares of Aaron’s, in a research note on Sunday, July 30th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th.
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Aaron’s, (NYSE AAN) opened at 45.19 on Monday. The company’s 50-day moving average price is $41.12 and its 200 day moving average price is $34.50. Aaron’s, has a 12 month low of $22.37 and a 12 month high of $48.22. The stock has a market capitalization of $3.20 billion, a PE ratio of 23.22 and a beta of 0.17.
Aaron’s, (NYSE:AAN) last posted its quarterly earnings results on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The company had revenue of $815.60 million for 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%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, analysts forecast that Aaron’s, will post $2.56 earnings per share for the current fiscal year.
In other news, CFO Steven A. Michaels sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $46.26, for a total value of $231,300.00. Following the transaction, the chief financial officer now directly owns 61,095 shares of the company’s stock, valued at $2,826,254.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $46.11, for a total transaction of $691,650.00. Following the completion of the transaction, the chief executive officer now directly owns 348,440 shares in the company, valued at $16,066,568.40. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.
Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Aaron’s, by 14,081.2% in the first quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock worth $206,356,000 after buying an additional 6,889,771 shares in the last quarter. Norges Bank acquired a new stake in shares of Aaron’s, during the fourth quarter worth about $40,324,000. AJO LP boosted its stake in shares of Aaron’s, by 267.0% in the second quarter. AJO LP now owns 1,468,601 shares of the company’s stock worth $57,129,000 after buying an additional 1,068,399 shares in the last quarter. LSV Asset Management boosted its stake in shares of Aaron’s, by 49.0% in the first quarter. LSV Asset Management now owns 2,020,086 shares of the company’s stock worth $60,077,000 after buying an additional 664,286 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Aaron’s, by 140.7% in the first quarter. Ameriprise Financial Inc. now owns 1,100,484 shares of the company’s stock worth $32,729,000 after buying an additional 643,365 shares in the last quarter. Hedge funds and other 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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