Several analysts have recently updated their ratings and price targets for Aaron’s, (NYSE: AAN):
- 7/31/2017 – Aaron’s, had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc..
- 7/31/2017 – Aaron’s, had its “buy” rating reaffirmed by analysts at Northcoast Research. They now have a $52.50 price target on the stock, up previously from $45.00.
- 7/30/2017 – Aaron’s, had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
- 7/30/2017 – Aaron’s, had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $55.00 price target on the stock, up previously from $40.00.
- 7/7/2017 – Aaron’s, was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
Aaron’s, Inc. (NYSE AAN) traded down 0.26% during midday trading on Wednesday, hitting $45.64. The stock had a trading volume of 715,458 shares. Aaron’s, Inc. has a 52 week low of $22.37 and a 52 week high of $48.22. The company’s 50-day moving average price is $40.17 and its 200 day moving average price is $33.98. The company has a market capitalization of $3.23 billion, a PE ratio of 23.45 and a beta of 0.17.
Aaron’s, (NYSE:AAN) last released its quarterly earnings results 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. The firm had revenue of $815.60 million for the quarter, compared to analysts’ expectations of $786.12 million. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, analysts expect that Aaron’s, Inc. will post $2.56 EPS for the current 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 owns 61,095 shares of the company’s stock, valued at $2,826,254.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 approximately $16,066,568.40. The disclosure for this sale can be found here. Corporate insiders own 1.93% 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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