Shares of Aaron’s, Inc. (NYSE:AAN) have been given an average rating of “Buy” by the nine research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $67.86.
Several equities analysts have weighed in on the company. Loop Capital lifted their target price on Aaron’s to $70.00 and gave the company a “buy” rating in a research report on Tuesday. ValuEngine raised China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Stephens set a $67.00 target price on Aaron’s and gave the company a “buy” rating in a research report on Wednesday, June 12th. KeyCorp downgraded Shutterfly from a “sector weight” rating to a “sector weight” rating in a research report on Monday, June 10th. Finally, Northcoast Research lifted their target price on Aaron’s from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, June 17th.
NYSE AAN traded up $0.43 during trading on Friday, hitting $63.58. The stock had a trading volume of 448,475 shares, compared to its average volume of 575,652. The company has a market capitalization of $4.34 billion, a P/E ratio of 18.92, a PEG ratio of 1.12 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.77 and a quick ratio of 0.63. The business’s 50 day moving average is $60.22. Aaron’s has a twelve month low of $39.28 and a twelve month high of $65.38.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Tuesday, June 18th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Monday, June 17th. Aaron’s’s payout ratio is presently 4.17%.
In other news, insider Curtis Linn Doman sold 10,000 shares of Aaron’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $55.66, for a total value of $556,600.00. Following the completion of the transaction, the insider now owns 123,220 shares in the company, valued at approximately $6,858,425.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Robinson sold 15,000 shares of Aaron’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $55.67, for a total value of $835,050.00. Following the completion of the transaction, the chief executive officer now owns 301,158 shares of the company’s stock, valued at approximately $16,765,465.86. The disclosure for this sale can be found here. Insiders sold a total of 60,845 shares of company stock valued at $3,443,221 in the last quarter. Company insiders own 2.78% of the company’s stock.
A number of hedge funds have recently bought and sold shares of AAN. Global Retirement Partners LLC lifted its stake in Aaron’s by 531.9% during the fourth quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Aaron’s during the first quarter worth approximately $28,000. CX Institutional acquired a new position in Aaron’s during the first quarter worth approximately $32,000. Rockefeller Capital Management L.P. acquired a new position in Aaron’s during the first quarter worth approximately $125,000. Finally, State of Alaska Department of Revenue acquired a new position in Aaron’s during the first quarter worth approximately $149,000. Hedge funds and other institutional investors own 97.90% of the company’s stock.
Aaron’s Company Profile
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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