Aaron’s, Inc. (AAN) CEO Sells $543,600.00 in Stock

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.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.com-unik.info/2017/11/05/aarons-inc-aan-ceo-sells-543600-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for Aaron`s,  (NYSE:AAN)

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