Aaron’s, Inc. (NYSE:AAN)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a research note issued to investors on Sunday. They currently have a $40.00 target price on the stock. Stifel Nicolaus’ target price suggests a potential downside of 15.86% from the stock’s current price.
Other research analysts have also issued research reports about the stock. TheStreet upgraded shares of Aaron’s, from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Jefferies Group LLC upped their price target on shares of Aaron’s, from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 1st. BidaskClub lowered shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of Aaron’s, from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Finally, Loop Capital reiterated a “hold” rating and issued a $28.00 price target on shares of Aaron’s, in a research note on Sunday, April 23rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.33.
Shares of Aaron’s, (NYSE:AAN) opened at 47.54 on Friday. The company’s 50-day moving average price is $39.22 and its 200-day moving average price is $33.49. Aaron’s, has a 52-week low of $22.37 and a 52-week high of $47.54. The firm has a market capitalization of $3.36 billion, a P/E ratio of 24.17 and a beta of 0.14.
Aaron’s, (NYSE:AAN) last announced its quarterly earnings results on Friday, July 28th. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.10. Aaron’s, had a net margin of 4.47% and a return on equity of 11.81%. The business had revenue of $815.60 million for the quarter, compared to analyst estimates of $786.12 million. During the same quarter in the prior year, the business earned $0.59 EPS. Aaron’s, ‘s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Aaron’s, will post $2.40 EPS for the current fiscal year.
In other Aaron’s, news, CEO John W. Robinson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $36.80, for a total transaction of $552,000.00. Following the transaction, the chief executive officer now owns 363,440 shares in the company, valued at approximately $13,374,592. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Robert W. Kamerschen sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $37.39, for a total transaction of $186,950.00. Following the transaction, the chief accounting officer now owns 31,999 shares in the company, valued at approximately $1,196,442.61. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.
Several hedge funds have recently bought and sold shares of AAN. LS Investment Advisors LLC raised its stake in Aaron’s, by 34.5% in the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after buying an additional 682 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock valued at $106,000 after buying an additional 168 shares in the last quarter. Victory Capital Management Inc. raised its stake in Aaron’s, by 24.1% in the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after buying an additional 778 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in Aaron’s, by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,048 shares of the company’s stock valued at $120,000 after buying an additional 1,904 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Aaron’s, by 29.5% in the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock valued at $126,000 after buying an additional 961 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.
About Aaron’s,
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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