According to Zacks, “Aaron’s, Inc. is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. It is engaged in the lease ownership, lease and retail sale of a variety of products, such as widescreen and LCD televisions, computers, living room and bedroom furniture, and refrigerators The company offers products of various brands, such as JVC, Mitsubishi, Philips, Panasonic, Sony, Dell, Hewlett-Packard, Simmons, Frigidaire, and Sharp. Aaron’s, Inc. is based in Atlanta, Georgia. “
Separately, TheStreet upgraded shares of Aaron’s from a hold rating to a buy rating in a research note on Thursday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $29.92.
Shares of Aaron’s (NYSE:AAN) opened at 24.99 on Wednesday. Aaron’s has a 12-month low of $20.24 and a 12-month high of $40.80. The stock has a market cap of $1.82 billion, a P/E ratio of 13.65 and a beta of 0.28. The company’s 50-day moving average is $24.98 and its 200-day moving average is $24.48.
Aaron’s (NYSE:AAN) last posted its earnings results on Friday, July 29th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $789.40 million for the quarter, compared to analysts’ expectations of $809.16 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.01%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, equities research analysts anticipate that Aaron’s will post $2.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, August 31st. Aaron’s’s dividend payout ratio (DPR) is presently 5.43%.
In other Aaron’s news, Director Robert H. Yanker acquired 40,000 shares of the stock in a transaction dated Friday, August 19th. The shares were purchased at an average price of $25.29 per share, for a total transaction of $1,011,600.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.12% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new stake in Aaron’s during the second quarter valued at about $203,000. Teacher Retirement System of Texas raised its stake in Aaron’s by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,128 shares of the company’s stock valued at $200,000 after buying an additional 1,108 shares in the last quarter. AMP Capital Investors Ltd purchased a new stake in Aaron’s during the first quarter valued at about $253,000. Suntrust Banks Inc. raised its stake in Aaron’s by 4.2% in the second quarter. Suntrust Banks Inc. now owns 10,675 shares of the company’s stock valued at $233,000 after buying an additional 433 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Aaron’s by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,178 shares of the company’s stock valued at $245,000 after buying an additional 29 shares in the last quarter. 91.99% of the stock is owned by institutional investors.
Aaron’s Company Profile
Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.
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