Aaron’s (NYSE:AAN) PT Set at $72.00 by Raymond James
Aaron’s (NYSE:AAN) has been given a $72.00 price objective by stock analysts at Raymond James in a report issued on Friday, TipRanks reports. The firm currently has a “buy” rating on the stock. Raymond James’ price target suggests a potential upside of 12.36% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Great Portland Estates from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Stephens set a $67.00 price target on Aaron’s and gave the company a “buy” rating in a report on Wednesday, June 12th. Loop Capital increased their price target on Aaron’s to $70.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. ValuEngine raised China Southern Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Finally, KeyCorp increased their price target on Tempur Sealy International from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Aaron’s currently has a consensus rating of “Buy” and a consensus price target of $68.50.
Shares of NYSE AAN traded up $1.61 during midday trading on Friday, hitting $64.08. 574,866 shares of the stock traded hands, compared to its average volume of 721,531. The stock has a 50-day moving average price of $61.95. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.10 and a beta of 0.56. The company has a quick ratio of 0.63, a current ratio of 2.77 and a debt-to-equity ratio of 0.23. Aaron’s has a one year low of $39.28 and a one year high of $68.44.
In related news, Director Ray M. Robinson sold 3,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.00, for a total value of $162,000.00. Following the transaction, the director now directly owns 29,912 shares of the company’s stock, valued at approximately $1,615,248. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ryan K. Woodley sold 10,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the transaction, the chief executive officer now directly owns 84,010 shares in the company, valued at $5,040,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,845 shares of company stock worth $3,443,221. 2.78% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. lifted its holdings in shares of Aaron’s by 301.1% during the fourth quarter. Advisor Group Inc. now owns 4,717 shares of the company’s stock valued at $198,000 after acquiring an additional 3,541 shares during the period. Gotham Asset Management LLC lifted its holdings in shares of Aaron’s by 114.0% during the fourth quarter. Gotham Asset Management LLC now owns 8,361 shares of the company’s stock valued at $352,000 after acquiring an additional 4,454 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in shares of Aaron’s during the fourth quarter valued at $691,000. Jane Street Group LLC lifted its holdings in shares of Aaron’s by 48.3% during the fourth quarter. Jane Street Group LLC now owns 12,332 shares of the company’s stock valued at $519,000 after acquiring an additional 4,017 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Aaron’s by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,576 shares of the company’s stock valued at $739,000 after buying an additional 1,025 shares during the last quarter. 97.88% of the stock is currently owned by institutional investors.
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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