Aaron’s, Inc. (NYSE:AAN) has earned an average recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $66.43.
Several equities research analysts have commented on the stock. Stephens set a $67.00 price target on shares of Aaron’s and gave the company a “buy” rating in a report on Wednesday, June 12th. Northcoast Research upped their price target on shares of Aaron’s from $65.00 to $72.00 and gave the company a “buy” rating in a report on Monday, June 17th. ValuEngine raised shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. KeyCorp upped their price target on shares of Aaron’s from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Finally, Zacks Investment Research raised shares of Aaron’s from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th.
NYSE:AAN traded down $0.52 during mid-day trading on Tuesday, hitting $61.07. The company’s stock had a trading volume of 635,200 shares, compared to its average volume of 553,855. Aaron’s has a 1 year low of $39.28 and a 1 year high of $62.67. The company has a current ratio of 2.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.15 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.07 and a beta of 0.48. The business’s fifty day moving average price is $56.85.
Aaron’s (NYSE:AAN) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.93 by $0.15. Aaron’s had a net margin of 5.15% and a return on equity of 14.31%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $991.09 million. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that Aaron’s will post 3.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Tuesday, June 18th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Monday, June 17th. Aaron’s’s payout ratio is 4.17%.
In other news, CEO John W. Robinson sold 15,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $55.67, for a total transaction of $835,050.00. Following the sale, the chief executive officer now directly owns 301,158 shares of the company’s stock, valued at approximately $16,765,465.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan K. Woodley sold 10,000 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the sale, the chief executive officer now directly owns 84,010 shares in the company, valued at $5,040,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,867 shares of company stock worth $3,150,564. Corporate insiders own 2.78% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in shares of Aaron’s during the 1st quarter worth about $28,000. Global Retirement Partners LLC boosted its stake in shares of Aaron’s by 531.9% during the 4th quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. CX Institutional purchased a new stake in shares of Aaron’s during the 1st quarter worth about $32,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Aaron’s during the 1st quarter worth about $125,000. Finally, Pearl River Capital LLC purchased a new stake in shares of Aaron’s during the 4th quarter worth about $104,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.
Aaron’s Company Profile
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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