Aaron’s, Inc. (NYSE:AAN) CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total value of $543,600.00. Following the completion of the transaction, the chief executive officer now owns 337,340 shares in the company, valued at $12,225,201.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Aaron’s, Inc. (AAN) opened at $36.43 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 2.35. The firm has a market capitalization of $2,577.86, a PE ratio of 15.12 and a beta of 0.23. Aaron’s, Inc. has a twelve month low of $24.90 and a twelve month high of $48.22.
Aaron’s, (NYSE:AAN) last posted its earnings results on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). The business had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. equities analysts predict that Aaron’s, Inc. will post 2.5 EPS for the current year.
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AAN has been the topic of several recent research reports. Off Wall Street initiated coverage on Aaron’s, in a research report on Monday, September 18th. They issued a “sell” rating on the stock. Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a research report on Sunday, July 30th. Stifel Nicolaus restated a “buy” rating and issued a $55.00 price target on shares of Aaron’s, in a research report on Friday, September 1st. Janney Montgomery Scott initiated coverage on Aaron’s, in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, Northcoast Research restated a “buy” rating and issued a $52.50 price target (up from $45.00) on shares of Aaron’s, in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $44.94.
Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in Aaron’s, during the first quarter worth about $688,000. Great West Life Assurance Co. Can lifted its holdings in Aaron’s, by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 38,370 shares of the company’s stock worth $1,492,000 after acquiring an additional 307 shares in the last quarter. Legal & General Group Plc lifted its holdings in Aaron’s, by 10.3% during the second quarter. Legal & General Group Plc now owns 80,025 shares of the company’s stock worth $3,112,000 after acquiring an additional 7,493 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Aaron’s, by 223.7% during the second quarter. Principal Financial Group Inc. now owns 906,077 shares of the company’s stock worth $35,246,000 after acquiring an additional 626,128 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Aaron’s, by 6.1% during the first quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock worth $187,313,000 after acquiring an additional 361,856 shares in the last quarter.
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.
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