Aaron’s, Inc. (AAN) CEO John W. Robinson Sells 15,000 Shares

Aaron’s, Inc. (NYSE:AAN) CEO John W. Robinson sold 15,000 shares of Aaron’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $55.67, for a total value of $835,050.00. Following the transaction, the chief executive officer now directly owns 301,158 shares in the company, valued at approximately $16,765,465.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Aaron’s stock opened at $58.75 on Friday. The firm has a market cap of $3.95 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.03 and a beta of 0.47. Aaron’s, Inc. has a 12 month low of $38.77 and a 12 month high of $59.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 2.77.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.15. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $991.09 million. Aaron’s had a return on equity of 14.31% and a net margin of 5.15%. Aaron’s’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. Research analysts anticipate that Aaron’s, Inc. will post 3.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, March 19th were issued a dividend of $0.035 per share. The ex-dividend date was Monday, March 18th. This represents a $0.14 dividend on an annualized basis and a yield of 0.24%. Aaron’s’s dividend payout ratio (DPR) is currently 4.17%.

A number of analysts recently commented on AAN shares. Raymond James reiterated a “buy” rating and set a $61.00 price target on shares of Aaron’s in a report on Sunday, February 17th. Zacks Investment Research upgraded Aaron’s from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a report on Tuesday, January 29th. Loop Capital lifted their price target on Aaron’s from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Stephens set a $57.00 price target on Aaron’s and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, Northcoast Research upgraded Aaron’s from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Thursday, February 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.25.

A number of institutional investors have recently modified their holdings of AAN. BlackRock Inc. raised its stake in shares of Aaron’s by 7.7% in the fourth quarter. BlackRock Inc. now owns 8,461,144 shares of the company’s stock valued at $355,792,000 after buying an additional 604,170 shares during the period. Vanguard Group Inc raised its stake in shares of Aaron’s by 1.5% in the third quarter. Vanguard Group Inc now owns 6,720,319 shares of the company’s stock valued at $365,989,000 after buying an additional 100,211 shares during the period. Vanguard Group Inc. raised its stake in shares of Aaron’s by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,720,319 shares of the company’s stock valued at $365,989,000 after buying an additional 100,211 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Aaron’s by 1.0% in the first quarter. Wedge Capital Management L L P NC now owns 2,115,364 shares of the company’s stock valued at $111,268,000 after buying an additional 21,178 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Aaron’s by 18.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,295,041 shares of the company’s stock valued at $54,456,000 after buying an additional 204,482 shares during the period.

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About Aaron’s

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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Insider Buying and Selling by Quarter for Aaron`s (NYSE:AAN)

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