Aaron’s, Inc. (AAN) Receives New Coverage from Analysts at Off Wall Street

Off Wall Street initiated coverage on shares of Aaron’s, Inc. (NYSE:AAN) in a report issued on Monday. The brokerage issued a sell rating on the stock.

A number of other research analysts have also recently commented on AAN. BidaskClub cut shares of Aaron’s, from a strong-buy rating to a buy rating in a research report on Friday, July 7th. Jefferies Group LLC reaffirmed a buy rating on shares of Aaron’s, in a research report on Sunday, July 30th. Stifel Nicolaus reaffirmed a buy rating and issued a $55.00 target price (up previously from $40.00) on shares of Aaron’s, in a research report on Sunday, July 30th. SunTrust Banks, Inc. reaffirmed a buy rating on shares of Aaron’s, in a research report on Monday, July 31st. Finally, Northcoast Research reaffirmed a buy rating and issued a $52.50 target price (up previously from $45.00) on shares of Aaron’s, in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $44.21.

Aaron’s, (AAN) opened at 38.41 on Monday. Aaron’s, has a 1-year low of $22.37 and a 1-year high of $48.22. The company has a 50-day moving average of $44.05 and a 200 day moving average of $37.12. The stock has a market cap of $2.72 billion, a P/E ratio of 19.74 and a beta of 0.18.

Aaron’s, (NYSE:AAN) last posted its 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 4.36% and a return on equity of 12.00%. The company had revenue of $815.60 million for the quarter, compared to analysts’ expectations of $786.12 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Aaron’s, ‘s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts predict that Aaron’s, will post $2.56 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.027 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.11 annualized dividend and a dividend yield of 0.28%. Aaron’s, ‘s dividend payout ratio is presently 5.64%.

In other news, CEO John W. Robinson sold 15,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total transaction of $691,650.00. Following the sale, the chief executive officer now owns 348,440 shares of the company’s stock, valued at $16,066,568.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis Linn Doman sold 30,000 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the sale, the insider now directly owns 101,775 shares in the company, valued at approximately $4,411,946.25. The disclosure for this sale can be found here. Insiders have sold 61,776 shares of company stock worth $2,742,507 in the last three months. Corporate insiders own 1.93% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC lifted its position in shares of Aaron’s, by 34.5% during the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock worth $103,000 after purchasing an additional 682 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Aaron’s, by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock worth $103,000 after purchasing an additional 312 shares in the last quarter. Meadow Creek Investment Management LLC lifted its position in shares of Aaron’s, by 5.0% during the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock worth $106,000 after purchasing an additional 168 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Aaron’s, by 24.1% during the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock worth $119,000 after purchasing an additional 778 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Aaron’s, by 29.5% during the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock worth $126,000 after purchasing an additional 961 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Aaron’s, Company Profile

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.

Analyst Recommendations for Aaron`s,  (NYSE:AAN)

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