Shares of Aaron’s, Inc. (NYSE:AAN) have been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $67.86.
A number of analysts have recently issued reports on AAN shares. Stephens set a $67.00 target price on shares of Aaron’s and gave the company a “buy” rating in a research note on Wednesday, June 12th. Northcoast Research boosted their target price on shares of Aaron’s from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Loop Capital boosted their target price on shares of Aaron’s to $70.00 and gave the company a “buy” rating in a research note on Tuesday. KeyCorp lowered shares of Shutterfly from a “sector weight” rating to a “sector weight” rating in a research note on Monday, June 10th. Finally, ValuEngine raised shares of China Southern Airlines from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th.
In other Aaron’s news, insider Curtis Linn Doman sold 10,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $55.66, for a total transaction of $556,600.00. Following the completion of the sale, the insider now directly owns 123,220 shares of the company’s stock, valued at $6,858,425.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Robinson sold 15,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $55.67, for a total transaction of $835,050.00. Following the sale, the chief executive officer now directly owns 301,158 shares of the company’s stock, valued at $16,765,465.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,845 shares of company stock valued at $3,443,221. 2.78% of the stock is owned by insiders.
AAN stock traded up $0.43 during mid-day trading on Friday, reaching $63.58. 448,475 shares of the stock traded hands, compared to its average volume of 575,652. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.77 and a quick ratio of 0.63. Aaron’s has a one year low of $39.28 and a one year high of $65.38. The firm has a market cap of $4.34 billion, a PE ratio of 18.92, a PEG ratio of 1.12 and a beta of 0.56. The company has a 50-day simple moving average of $60.22.
Aaron’s (NYSE:AAN) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.15. Aaron’s had a net margin of 5.15% and a return on equity of 14.31%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $991.09 million. During the same quarter in the previous year, the business posted $0.81 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that Aaron’s will post 3.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Tuesday, June 18th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Monday, June 17th. Aaron’s’s dividend payout ratio (DPR) is presently 4.17%.
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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