Analysts’ Weekly Ratings Changes for Aaron’s, (AAN)

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.

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