Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Aaron’s from a sell rating to a hold rating in a report on Tuesday, October 4th. TheStreet raised shares of Aaron’s from a hold rating to a buy rating in a report on Thursday, September 1st. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $29.93.
Shares of Aaron’s (NYSE:AAN) traded up 0.13% during trading on Thursday, reaching $22.80. 119,701 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $24.81 and its 200-day moving average price is $24.51. Aaron’s has a 52-week low of $20.24 and a 52-week high of $38.85. The stock has a market cap of $1.66 billion, a PE ratio of 12.45 and a beta of 0.23.
Aaron’s (NYSE:AAN) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Aaron’s had a net margin of 4.15% and a return on equity of 11.01%. The firm earned $789.40 million during the quarter, compared to the consensus estimate of $809.16 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Aaron’s will post $2.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 2nd were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Wednesday, August 31st. Aaron’s’s dividend payout ratio is 5.43%.
In other Aaron’s news, Director Robert H. Yanker purchased 40,000 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was purchased at an average cost of $25.29 per share, for a total transaction of $1,011,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.12% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AAN. Aperio Group LLC boosted its position in shares of Aaron’s by 43.6% in the first quarter. Aperio Group LLC now owns 84,212 shares of the company’s stock valued at $2,114,000 after buying an additional 25,560 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Aaron’s by 9.3% in the first quarter. TIAA CREF Investment Management LLC now owns 413,311 shares of the company’s stock valued at $10,374,000 after buying an additional 35,339 shares during the period. Teachers Advisors Inc. boosted its position in shares of Aaron’s by 3.2% in the first quarter. Teachers Advisors Inc. now owns 56,992 shares of the company’s stock valued at $1,430,000 after buying an additional 1,778 shares during the period. Prudential Financial Inc. boosted its position in shares of Aaron’s by 98.5% in the first quarter. Prudential Financial Inc. now owns 199,081 shares of the company’s stock valued at $4,997,000 after buying an additional 98,800 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Aaron’s by 271.9% in the first quarter. JPMorgan Chase & Co. now owns 398,312 shares of the company’s stock valued at $9,998,000 after buying an additional 291,209 shares during the period. Hedge funds and other institutional investors own 91.99% of the company’s stock.
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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