Aaron’s, Inc. (NYSE:AAN) – Investment analysts at Jefferies Group upped their Q1 2018 EPS estimates for Aaron’s in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst K. Joseph now forecasts that the company will earn $1.00 per share for the quarter, up from their previous forecast of $0.86. Jefferies Group currently 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.
Several other research firms also recently weighed in on AAN. Zacks Investment Research downgraded shares of Aaron’s from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Loop Capital downgraded shares of Aaron’s from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research report on Wednesday, January 24th. Janney Montgomery Scott started coverage on shares of Aaron’s in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $42.00 target price on the stock. ValuEngine upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Friday. Finally, Stephens restated a “buy” rating and set a $61.00 price target on shares of Aaron’s in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.10.
Shares of Aaron’s (NYSE:AAN) traded down $1.55 on Friday, hitting $39.16. 557,130 shares of the stock traded hands, compared to its average volume of 625,384. The firm has a market cap of $2,771.00, a PE ratio of 20.61 and a beta of 0.20. 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 12 month low of $26.12 and a 12 month high of $48.22.
Several institutional investors have recently modified their holdings of AAN. Balyasny Asset Management LLC lifted its stake in shares of Aaron’s by 5,204.8% in the second quarter. Balyasny Asset Management LLC now owns 468,257 shares of the company’s stock worth $18,215,000 after buying an additional 459,430 shares during the last quarter. Dividend Assets Capital LLC lifted its stake in shares of Aaron’s by 191.7% in the fourth quarter. Dividend Assets Capital LLC now owns 625,665 shares of the company’s stock worth $24,932,000 after buying an additional 411,162 shares during the last quarter. BlackRock Inc. increased its position in Aaron’s by 4.3% during the second quarter. BlackRock Inc. now owns 7,237,539 shares of the company’s stock worth $281,540,000 after acquiring an additional 298,839 shares during the period. American Century Companies Inc. increased its position in Aaron’s by 206.0% during the third quarter. American Century Companies Inc. now owns 434,161 shares of the company’s stock worth $18,942,000 after acquiring an additional 292,286 shares during the period. Finally, Wells Fargo & Company MN increased its position in Aaron’s by 451.3% during the second quarter. Wells Fargo & Company MN now owns 295,366 shares of the company’s stock worth $11,489,000 after acquiring an additional 241,786 shares during the period. Institutional investors and hedge funds own 99.27% of the company’s stock.
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Aaron’s Company Profile
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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