Aaron’s, Inc. (AAN) Receives Consensus Recommendation of “Buy” from Brokerages

Aaron’s, Inc. (NYSE:AAN) has been assigned an average rating of “Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.22.

AAN has been the topic of several recent analyst reports. Off Wall Street initiated coverage on shares of Aaron’s in a research note on Monday, September 18th. They issued a “sell” rating on the stock. 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 on the stock in a research note on Friday, November 10th. Loop Capital raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday, November 8th. Sidoti raised shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, November 29th. Finally, KeyCorp raised shares of Aaron’s from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Thursday, September 28th.

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

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Aaron’s by 4.3% in the 2nd quarter. BlackRock Inc. now owns 7,237,539 shares of the company’s stock valued at $281,540,000 after buying an additional 298,839 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Aaron’s by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,320,969 shares of the company’s stock valued at $245,885,000 after buying an additional 22,626 shares in the last quarter. State Street Corp boosted its holdings in shares of Aaron’s by 6.8% in the 2nd quarter. State Street Corp now owns 2,235,516 shares of the company’s stock valued at $86,967,000 after buying an additional 142,599 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Aaron’s by 6.2% in the 2nd quarter. Northern Trust Corp now owns 1,574,361 shares of the company’s stock valued at $61,243,000 after buying an additional 91,801 shares in the last quarter. Finally, AJO LP boosted its holdings in shares of Aaron’s by 267.0% in the 2nd quarter. AJO LP now owns 1,468,601 shares of the company’s stock valued at $57,129,000 after buying an additional 1,068,399 shares in the last quarter.

Aaron’s (AAN) opened at $40.72 on Tuesday. The company has a market cap of $2,826.19, a PE ratio of 21.43 and a beta of 0.22. Aaron’s has a 12 month low of $26.12 and a 12 month high of $48.22. The company has a quick ratio of 0.74, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 13th were given a dividend of $0.03 per share. This is an increase from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.29%. Aaron’s’s dividend payout ratio (DPR) is 6.32%.

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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.

Analyst Recommendations for Aaron`s (NYSE:AAN)

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