Aaron’s, Inc. (NYSE:AAN) – Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for shares of Aaron’s in a research note issued to investors on Wednesday. Jefferies Group analyst K. Joseph now forecasts that the company will earn $1.00 per share for the quarter, up from their prior forecast of $0.86. Jefferies Group currently has a “Buy” rating and a $54.00 price target on the stock. Jefferies Group also issued estimates for Aaron’s’ FY2018 earnings at $3.40 EPS.
Other equities analysts have also recently issued reports about the stock. Northcoast Research set a $53.00 price target on shares of Aaron’s and gave the stock a “buy” rating in a research report on Friday, December 1st. 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 report on Wednesday, November 29th. 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 report on Wednesday, November 8th. Zacks Investment Research raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday. Finally, Stephens reissued a “buy” rating and set a $61.00 price target on shares of Aaron’s in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.27.
Aaron’s (NYSE AAN) opened at $41.13 on Friday. The firm has a market cap of $2,909.69, a price-to-earnings ratio of 17.06 and a beta of 0.22. Aaron’s has a 52-week low of $26.12 and a 52-week high of $48.22. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.
Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). The business had revenue of $838.80 million during the quarter, compared to the consensus estimate of $827.20 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. Aaron’s’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. This is a positive change from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 12th. Aaron’s’s dividend payout ratio (DPR) is presently 6.32%.
In related news, CFO Steven A. Michaels sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the sale, the chief financial officer now directly owns 56,769 shares in the company, valued at $2,108,968.35. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction of $543,600.00. Following the sale, the chief executive officer now owns 337,340 shares in the company, valued at $12,225,201.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,003 shares of company stock worth $692,308. 1.93% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. USA Financial Portformulas Corp acquired a new stake in Aaron’s in the 3rd quarter valued at $482,000. Macquarie Group Ltd. acquired a new stake in Aaron’s in the 3rd quarter valued at $777,000. American International Group Inc. increased its stake in Aaron’s by 2.0% in the 3rd quarter. American International Group Inc. now owns 169,836 shares of the company’s stock valued at $7,410,000 after buying an additional 3,276 shares during the last quarter. Legal & General Group Plc increased its stake in Aaron’s by 10.3% in the 2nd quarter. Legal & General Group Plc now owns 80,025 shares of the company’s stock valued at $3,112,000 after buying an additional 7,493 shares during the last quarter. Finally, Numeric Investors LLC acquired a new stake in Aaron’s in the 2nd quarter valued at $576,000.
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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.
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