Aaron's, Inc. (AAN) Given “Hold” Rating at Loop Capital
Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC set a $34.00 price objective on shares of Aaron's and gave the company a buy rating in a research note on Saturday, February 18th. TheStreet cut shares of Aaron's from a b rating to a c+ rating in a research note on Friday, February 17th. SunTrust Banks, Inc. raised shares of Aaron's from a hold rating to a buy rating and set a $37.00 price objective on the stock in a research note on Friday, January 20th. Stephens assumed coverage on shares of Aaron's in a research note on Thursday, January 12th. They issued an overweight rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Aaron's from a hold rating to a strong sell rating in a research note on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Aaron's has an average rating of Hold and a consensus target price of $33.33.
Shares of Aaron's (NYSE:AAN) traded down 0.90% during trading on Friday, hitting $30.71. The stock had a trading volume of 637,322 shares. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 16.08 and a beta of 0.27. The stock’s 50-day moving average price is $29.33 and its 200 day moving average price is $28.91. Aaron's has a one year low of $20.51 and a one year high of $34.22.
Aaron's (NYSE:AAN) last announced its quarterly earnings data on Friday, February 17th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Aaron's had a net margin of 4.31% and a return on equity of 11.36%. The firm had revenue of $794.95 million for the quarter, compared to analysts’ expectations of $815.40 million. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Aaron's will post $2.30 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th were issued a $0.0275 dividend. The ex-dividend date was Monday, March 13th. This represents a $0.11 annualized dividend and a yield of 0.36%. Aaron's’s dividend payout ratio (DPR) is presently 5.76%.
In other Aaron's news, CAO Robert W. Kamerschen sold 4,000 shares of the stock in a transaction on Monday, April 17th. The shares were sold at an average price of $30.32, for a total value of $121,280.00. Following the sale, the chief accounting officer now directly owns 36,999 shares in the company, valued at $1,121,809.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John W. Robinson sold 13,750 shares of the stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $28.65, for a total transaction of $393,937.50. Following the completion of the sale, the chief executive officer now owns 378,440 shares in the company, valued at $10,842,306. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,750 shares of company stock worth $803,318. Company insiders own 1.12% of the company’s stock.
A number of large investors have recently bought and sold shares of AAN. Cornercap Investment Counsel Inc. raised its stake in Aaron's by 0.6% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 56,545 shares of the company’s stock valued at $1,809,000 after buying an additional 340 shares during the period. South Texas Money Management Ltd. purchased a new stake in Aaron's during the third quarter valued at $6,982,000. DUPONT CAPITAL MANAGEMENT Corp raised its stake in Aaron's by 677.0% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 131,047 shares of the company’s stock valued at $3,331,000 after buying an additional 114,182 shares during the period. Stephens Investment Management Group LLC raised its stake in Aaron's by 2.9% in the third quarter. Stephens Investment Management Group LLC now owns 1,053,020 shares of the company’s stock valued at $26,768,000 after buying an additional 29,935 shares during the period. Finally, Clark Estates Inc. NY purchased a new stake in Aaron's during the third quarter valued at $2,542,000. Institutional investors own 96.20% of the company’s stock.
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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