ValuEngine Lowers Aaron’s (AAN) to Hold

ValuEngine lowered shares of Aaron’s (NYSE:AAN) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Other analysts also recently issued research reports about the company. Raymond James reissued a buy rating and issued a $57.00 price objective on shares of Aaron’s in a research note on Sunday, August 12th. Zacks Investment Research raised Aaron’s from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research note on Wednesday, September 26th. Stifel Nicolaus boosted their price objective on Aaron’s from $58.00 to $65.00 and gave the stock a buy rating in a research note on Wednesday, September 26th. Loop Capital boosted their price objective on Aaron’s to $59.00 and gave the stock a buy rating in a research note on Friday, September 21st. Finally, KeyCorp boosted their price objective on Aaron’s from $58.00 to $62.00 and gave the stock an overweight rating in a research note on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $57.88.

Shares of Aaron’s stock opened at $47.13 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 2.43. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 18.41 and a beta of 0.25. Aaron’s has a 1-year low of $35.62 and a 1-year high of $56.00.

Aaron’s (NYSE:AAN) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.06). Aaron’s had a return on equity of 12.22% and a net margin of 8.39%. The firm had revenue of $953.07 million during the quarter, compared to the consensus estimate of $948.48 million. On average, research analysts forecast that Aaron’s will post 3.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Thursday, December 20th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, December 19th. This is an increase from Aaron’s’s previous quarterly dividend of $0.03. Aaron’s’s payout ratio is currently 4.69%.

In other news, insider Curtis Linn Doman sold 5,000 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the insider now directly owns 62,523 shares of the company’s stock, valued at $3,126,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan K. Woodley sold 12,500 shares of the business’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $45.20, for a total value of $565,000.00. The disclosure for this sale can be found here. Insiders sold a total of 17,904 shares of company stock worth $836,008 in the last three months. Company insiders own 2.28% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Aaron’s during the second quarter worth $170,000. Engineers Gate Manager LP acquired a new stake in shares of Aaron’s during the third quarter worth $202,000. Paloma Partners Management Co acquired a new stake in shares of Aaron’s during the third quarter worth $218,000. Parametrica Management Ltd acquired a new stake in shares of Aaron’s during the third quarter worth $267,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Aaron’s during the second quarter worth $293,000.

Aaron’s Company Profile

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

Further Reading: Leveraged Buyout (LBO) Explained

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Aaron`s (NYSE:AAN)

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