Shares of Aaron’s Inc. (NYSE:AAN) have received an average recommendation of “Buy” from the eight research firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $31.67.
A number of research analysts recently weighed in on AAN shares. TheStreet upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Zacks Investment Research cut shares of Aaron’s from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd.
In related news, Director Robert H. Yanker bought 40,000 shares of the stock in a transaction dated Friday, August 19th. The stock was acquired at an average price 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 available at this link. 1.12% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC boosted its position in shares of 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 during the last quarter. Arizona State Retirement System boosted its position in shares of Aaron’s by 0.3% in the first quarter. Arizona State Retirement System now owns 30,788 shares of the company’s stock valued at $773,000 after buying an additional 100 shares during the last quarter. State Treasurer State of Michigan boosted its position in shares of Aaron’s by 0.8% in the second quarter. State Treasurer State of Michigan now owns 26,000 shares of the company’s stock valued at $569,000 after buying an additional 200 shares during the last quarter. Comerica Bank boosted its position in shares of Aaron’s by 0.8% in the second quarter. Comerica Bank now owns 44,397 shares of the company’s stock valued at $1,091,000 after buying an additional 359 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.
Shares of Aaron’s (NYSE:AAN) traded up 0.16% on Friday, hitting $25.63. 221,780 shares of the company traded hands. The company has a market capitalization of $1.87 billion, a PE ratio of 14.00 and a beta of 0.28. Aaron’s has a 12 month low of $20.24 and a 12 month high of $40.80. The stock’s 50-day moving average price is $24.90 and its 200-day moving average price is $24.44.
Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm earned $789.40 million during 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts predict that Aaron’s will post $2.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, August 31st. Aaron’s’s payout ratio is 5.43%.
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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