Aaron’s (NYSE:AAN) had its price objective hoisted by Loop Capital to $70.00 in a report released on Tuesday morning, The Fly reports. Loop Capital currently has a buy rating on the stock.
AAN has been the subject of several other reports. Stephens set a $67.00 price objective on shares of Aaron’s and gave the company a buy rating in a report on Wednesday, June 12th. KeyCorp cut shares of Shutterfly from a sector weight rating to a sector weight rating in a report on Monday, June 10th. Zacks Investment Research cut shares of Great Portland Estates from a hold rating to a sell rating in a report on Tuesday, April 16th. ValuEngine upgraded shares of China Southern Airlines from a sell rating to a hold rating in a report on Tuesday, June 11th. Finally, Northcoast Research increased their price objective on shares of Aaron’s from $65.00 to $72.00 and gave the company a buy rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $66.50.
Aaron’s stock opened at $63.58 on Tuesday. The company has a 50 day moving average of $60.41. The company has a quick ratio of 0.63, a current ratio of 2.77 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.27 billion, a PE ratio of 18.92, a PEG ratio of 1.10 and a beta of 0.56. Aaron’s has a 12-month low of $39.28 and a 12-month high of $65.38.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Tuesday, June 18th were issued a dividend of $0.035 per share. 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 payout ratio is 4.17%.
In related news, CEO John W. Robinson sold 15,000 shares of the firm’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 transaction of $835,050.00. Following the completion of the sale, the chief executive officer now directly owns 301,158 shares in the company, valued at $16,765,465.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis Linn Doman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $55.66, for a total transaction of $556,600.00. Following the sale, the insider now owns 123,220 shares of the company’s stock, valued at $6,858,425.20. The disclosure for this sale can be found here. Insiders have sold 60,845 shares of company stock valued at $3,443,221 over the last 90 days. 2.78% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of AAN. Global Retirement Partners LLC lifted its position in shares of Aaron’s by 531.9% in the 4th quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Aaron’s in the 1st quarter valued at approximately $28,000. CX Institutional purchased a new stake in shares of Aaron’s in the 1st quarter valued at approximately $32,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Aaron’s in the 1st quarter valued at approximately $125,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Aaron’s in the 1st quarter valued at approximately $149,000. Institutional investors and hedge funds 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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