Aaron’s, Inc. (AAN) Receives New Coverage from Analysts at Janney Montgomery Scott

Janney Montgomery Scott assumed coverage on shares of Aaron’s, Inc. (NYSE:AAN) in a research note published on Wednesday. The brokerage issued a neutral rating and a $42.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Group LLC reissued a buy rating and set a $54.00 price objective on shares of Aaron’s, in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Aaron’s, from a hold rating to a sell rating in a research report on Tuesday, October 10th. KeyCorp raised shares of Aaron’s, from a sector weight rating to an overweight rating and set a $50.00 price objective for the company in a research report on Thursday, September 28th. Off Wall Street began coverage on shares of Aaron’s, in a research report on Monday, September 18th. They set a sell rating for the company. Finally, Stifel Nicolaus reissued a buy rating and set a $55.00 price objective on shares of Aaron’s, in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Aaron’s, presently has an average rating of Hold and a consensus price target of $44.94.

Shares of Aaron’s, (NYSE:AAN) traded up 2.93% during trading on Wednesday, reaching $42.48. The company’s stock had a trading volume of 590,284 shares. The firm’s 50-day moving average price is $42.25 and its 200-day moving average price is $39.18. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 21.83 and a beta of 0.21. Aaron’s, has a one year low of $22.37 and a one year high of $48.22.

Aaron’s, (NYSE:AAN) last posted its earnings results on Friday, July 28th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The business had revenue of $815.60 million during the quarter, compared to the consensus estimate of $786.12 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Aaron’s, will post $2.54 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Aaron’s, Inc. (AAN) Receives New Coverage from Analysts at Janney Montgomery Scott” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://ledgergazette.com/2017/10/19/aarons-inc-aan-receives-new-coverage-from-analysts-at-janney-montgomery-scott.html.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.027 dividend. This represents a $0.11 annualized dividend and a yield of 0.25%. The ex-dividend date was Thursday, September 14th. Aaron’s, ‘s dividend payout ratio is currently 5.64%.

In related news, insider Curtis Linn Doman sold 30,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $43.35, for a total value of $1,300,500.00. Following the completion of the transaction, the insider now owns 101,775 shares of the company’s stock, valued at approximately $4,411,946.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $46.11, for a total transaction of $691,650.00. Following the completion of the transaction, the chief executive officer now directly owns 348,440 shares of the company’s stock, valued at approximately $16,066,568.40. The disclosure for this sale can be found here. Insiders sold a total of 61,776 shares of company stock valued at $2,742,507 in the last ninety days. 1.93% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC purchased a new stake in Aaron’s, in the 2nd quarter worth $1,293,000. Cubist Systematic Strategies LLC purchased a new stake in Aaron’s, in the 2nd quarter worth $211,000. State Street Corp lifted its stake in Aaron’s, by 6.8% in the 2nd quarter. State Street Corp now owns 2,235,516 shares of the company’s stock worth $86,967,000 after purchasing an additional 142,599 shares in the last quarter. Intrinsic Edge Capital Manage

A number of other equities research analysts also recently issued reports on the stock. Jefferies Group LLC reissued a buy rating and set a $54.00 price objective on shares of Aaron’s, in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Aaron’s, from a hold rating to a sell rating in a research report on Tuesday, October 10th. KeyCorp raised shares of Aaron’s, from a sector weight rating to an overweight rating and set a $50.00 price objective for the company in a research report on Thursday, September 28th. Off Wall Street began coverage on shares of Aaron’s, in a research report on Monday, September 18th. They set a sell rating for the company. Finally, Stifel Nicolaus reissued a buy rating and set a $55.00 price objective on shares of Aaron’s, in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Aaron’s, presently has an average rating of Hold and a consensus price target of $44.94.

Shares of Aaron’s, (NYSE:AAN) traded up 2.93% during trading on Wednesday, reaching $42.48. The company’s stock had a trading volume of 590,284 shares. The firm’s 50-day moving average price is $42.25 and its 200-day moving average price is $39.18. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 21.83 and a beta of 0.21. Aaron’s, has a one year low of $22.37 and a one year high of $48.22.

Aaron’s, (NYSE:AAN) last posted its earnings results on Friday, July 28th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The business had revenue of $815.60 million during the quarter, compared to the consensus estimate of $786.12 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Aaron’s, will post $2.54 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Aaron’s, Inc. (AAN) Receives New Coverage from Analysts at Janney Montgomery Scott” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://ledgergazette.com/2017/10/19/aarons-inc-aan-receives-new-coverage-from-analysts-at-janney-montgomery-scott.html.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.027 dividend. This represents a $0.11 annualized dividend and a yield of 0.25%. The ex-dividend date was Thursday, September 14th. Aaron’s, ‘s dividend payout ratio is currently 5.64%.

In related news, insider Curtis Linn Doman sold 30,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $43.35, for a total value of $1,300,500.00. Following the completion of the transaction, the insider now owns 101,775 shares of the company’s stock, valued at approximately $4,411,946.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $46.11, for a total transaction of $691,650.00. Following the completion of the transaction, the chief executive officer now directly owns 348,440 shares of the company’s stock, valued at approximately $16,066,568.40. The disclosure for this sale can be found here. Insiders sold a total of 61,776 shares of company stock valued at $2,742,507 in the last ninety days. 1.93% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC purchased a new stake in Aaron’s, in the 2nd quarter worth $1,293,000. Cubist Systematic Strategies LLC purchased a new stake in Aaron’s, in the 2nd quarter worth $211,000. State Street Corp lifted its stake in Aaron’s, by 6.8% in the 2nd quarter. State Street Corp now owns 2,235,516 shares of the company’s stock worth $86,967,000 after purchasing an additional 142,599 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in Aaron’s, in the 2nd quarter worth $3,793,000. Finally, Royal Bank of Canada lifted its stake in Aaron’s, by 48.3% in the 2nd quarter. Royal Bank of Canada now owns 17,863 shares of the company’s stock worth $695,000 after purchasing an additional 5,816 shares in the last quarter.

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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