Stephens Reiterates Buy Rating for Aaron’s (AAN)

Stephens reiterated their buy rating on shares of Aaron’s (NYSE:AAN) in a research report sent to investors on Wednesday, January 3rd. They currently have a $61.00 target price on the stock.

Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Aaron’s from a sell rating to a hold rating in a research note on Thursday, December 28th. Jefferies Group reissued a buy rating and set a $54.00 price target on shares of Aaron’s in a report on Tuesday, December 26th. Northcoast Research set a $53.00 price target on shares of Aaron’s and gave the company a buy rating in a report on Friday, December 1st. Sidoti raised shares of Aaron’s from a neutral rating to a buy rating and set a $45.00 price target for the company in a report on Wednesday, November 29th. Finally, Raymond James Financial raised shares of Aaron’s from a market perform rating to a strong-buy rating and set a $14.00 price target for the company in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Aaron’s has a consensus rating of Buy and a consensus target price of $46.10.

Shares of Aaron’s (AAN) opened at $42.08 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. Aaron’s has a 12 month low of $26.12 and a 12 month high of $48.22. The firm has a market cap of $2,879.26, a price-to-earnings ratio of 22.15 and a beta of 0.22.

Aaron’s (NYSE:AAN) last released its earnings results on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.11). Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. The business had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. During the same quarter in the previous year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. equities research analysts forecast that Aaron’s will post 2.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th were issued a $0.03 dividend. The ex-dividend date was Tuesday, December 12th. This represents a $0.12 annualized dividend and a yield of 0.29%. This is an increase from Aaron’s’s previous quarterly dividend of $0.03. Aaron’s’s dividend payout ratio is presently 6.32%.

In related news, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total value of $543,600.00. Following the completion of the sale, the chief executive officer now owns 337,340 shares of the company’s stock, valued at $12,225,201.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven A. Michaels sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $37.15, for a total transaction of $148,600.00. Following the completion of the sale, the chief financial officer now directly owns 56,769 shares of the company’s stock, valued at approximately $2,108,968.35. The disclosure for this sale can be found here. Insiders sold 19,003 shares of company stock valued at $692,308 in the last ninety days. Corporate insiders own 1.93% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AAN. Northwestern Mutual Investment Management Company LLC lifted its holdings in Aaron’s by 1.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 11,178 shares of the company’s stock valued at $245,000 after acquiring an additional 210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aaron’s by 13.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after acquiring an additional 312 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Aaron’s by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $183,000 after acquiring an additional 705 shares during the last quarter. American Century Companies Inc. lifted its holdings in Aaron’s by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 141,875 shares of the company’s stock valued at $5,519,000 after acquiring an additional 1,251 shares during the last quarter. Finally, TrimTabs Asset Management LLC lifted its holdings in Aaron’s by 17.2% in the 3rd quarter. TrimTabs Asset Management LLC now owns 9,709 shares of the company’s stock valued at $424,000 after acquiring an additional 1,422 shares during the last quarter.

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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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