Aaron’s, Inc. (NYSE:AAN) – Stock analysts at Jefferies Group increased their Q1 2018 earnings estimates for Aaron’s in a research report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst K. Joseph now forecasts that the company will post earnings per share of $1.00 for the quarter, up from their previous forecast of $0.86. Jefferies Group has a “Buy” rating and a $54.00 price objective on the stock. Jefferies Group also issued estimates for Aaron’s’ FY2018 earnings at $3.40 EPS.
Aaron’s (NYSE:AAN) last released its 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 company had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. Aaron’s had a return on equity of 11.41% and a net margin of 4.15%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS.
Several other research firms have also issued reports on AAN. Stephens restated a “buy” rating and issued a $61.00 price objective on shares of Aaron’s in a research note on Wednesday, January 3rd. Raymond James Financial upgraded Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Friday, November 10th. Zacks Investment Research upgraded Aaron’s from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Janney Montgomery Scott initiated coverage on Aaron’s in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $42.00 price objective on the stock. Finally, Northcoast Research set a $53.00 price objective on Aaron’s and gave the company a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.27.
Shares of Aaron’s (NYSE:AAN) opened at $42.08 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. The stock has a market capitalization of $2,879.26, a P/E ratio of 16.88 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 also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 13th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, December 12th. 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. Aaron’s’s dividend payout ratio (DPR) is 6.32%.
In other news, CEO John W. Robinson sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 337,340 shares in the company, valued at $12,225,201.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven A. Michaels sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $37.15, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 19,003 shares of company stock worth $692,308. 1.93% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC grew its position in Aaron’s by 1.9% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,178 shares of the company’s stock worth $245,000 after buying an additional 210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Aaron’s by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock worth $103,000 after buying an additional 312 shares in the last quarter. Victory Capital Management Inc. grew its position in Aaron’s by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock worth $183,000 after buying an additional 705 shares in the last quarter. TrimTabs Asset Management LLC grew its position in Aaron’s by 17.2% during the third quarter. TrimTabs Asset Management LLC now owns 9,709 shares of the company’s stock worth $424,000 after buying an additional 1,422 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its position in Aaron’s by 70.9% during the second quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock worth $153,000 after buying an additional 1,630 shares in the last quarter.
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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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