Northcoast Research Reiterates $53.00 Price Target for Aaron’s (NYSE:AAN)

Aaron’s (NYSE:AAN) received a $53.00 price target from research analysts at Northcoast Research in a research note issued to investors on Friday, December 1st. The firm presently has a “buy” rating on the stock. Northcoast Research’s target price points to a potential upside of 42.93% from the company’s current price.

Several other brokerages also recently issued reports on AAN. Off Wall Street started coverage on Aaron’s in a report on Monday, September 18th. They issued a “sell” rating for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price objective on shares of Aaron’s in a research report on Friday, September 1st. Raymond James Financial raised Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Friday, November 10th. Janney Montgomery Scott assumed coverage on Aaron’s in a research report on Wednesday, October 18th. They set a “neutral” rating and a $42.00 price target for the company. Finally, Jefferies Group reissued a “buy” rating and set a $54.00 price target on shares of Aaron’s in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Aaron’s presently has an average rating of “Buy” and a consensus target price of $43.30.

Aaron’s (NYSE:AAN) opened at $37.08 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. Aaron’s has a one year low of $26.12 and a one year high of $48.22. The company has a market capitalization of $2,758.26, a price-to-earnings ratio of 16.17 and a beta of 0.23.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.11). The firm had revenue of $838.80 million for the quarter, compared to analyst estimates of $827.20 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. sell-side analysts expect that Aaron’s will post 2.47 EPS for the current year.

In other Aaron’s news, CFO Steven A. Michaels sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was 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 in the company, valued at approximately $2,108,968.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total value of $543,600.00. Following the transaction, the chief executive officer now owns 337,340 shares in the company, valued at approximately $12,225,201.60. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,322,000 shares of company stock worth $60,890 and have sold 19,003 shares worth $692,308. 1.93% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Aaron’s by 1.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 11,178 shares of the company’s stock valued at $245,000 after purchasing an additional 210 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Aaron’s by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the company’s stock valued at $638,000 after purchasing an additional 300 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Aaron’s by 0.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 38,370 shares of the company’s stock valued at $1,492,000 after acquiring an additional 307 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Aaron’s by 13.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after acquiring an additional 312 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its holdings in shares of Aaron’s by 3.8% during the 2nd quarter. Capstone Asset Management Co. now owns 11,094 shares of the company’s stock valued at $432,000 after acquiring an additional 410 shares in the last quarter.

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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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