Aaron’s, Inc. (NYSE:AAN) insider Robert P. Sinclair, Jr. sold 404 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $52.00, for a total value of $21,008.00. Following the completion of the sale, the insider now directly owns 10,305 shares in the company, valued at approximately $535,860. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of AAN opened at $53.31 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.60 and a quick ratio of 0.70. Aaron’s, Inc. has a 1-year low of $34.29 and a 1-year high of $56.00. The company has a market cap of $3.77 billion, a PE ratio of 20.82 and a beta of 0.02.

Aaron’s (NYSE:AAN) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.08. Aaron’s had a net margin of 8.14% and a return on equity of 11.54%. The business had revenue of $927.90 million during the quarter, compared to analysts’ expectations of $924.86 million. During the same period last year, the company posted $0.68 EPS. The company’s revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts expect that Aaron’s, Inc. will post 3.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Thursday, September 20th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $0.12 dividend on an annualized basis and a yield of 0.23%. Aaron’s’s dividend payout ratio (DPR) is currently 4.69%.

Several research firms recently commented on AAN. Stifel Nicolaus increased their target price on Aaron’s from $58.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. ValuEngine upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Loop Capital increased their target price on shares of Aaron’s to $59.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. Zacks Investment Research upgraded shares of Aaron’s from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, September 26th. Finally, Northcoast Research reiterated a “buy” rating on shares of Aaron’s in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Aaron’s currently has a consensus rating of “Buy” and a consensus price target of $54.82.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC acquired a new position in shares of Aaron’s during the 1st quarter valued at $103,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Aaron’s during the 1st quarter valued at $130,000. Itau Unibanco Holding S.A. acquired a new position in shares of Aaron’s during the 2nd quarter valued at $170,000. Cambria Investment Management L.P. acquired a new position in shares of Aaron’s during the 1st quarter valued at $251,000. Finally, Private Advisor Group LLC acquired a new position in shares of Aaron’s during the 2nd quarter valued at $293,000.

Aaron’s Company Profile

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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