Aaron's, Inc. (NYSE:AAN) was the recipient of unusually large options trading on Friday. Stock investors bought 1,506 put options on the company. This represents an increase of approximately 1,176% compared to the average volume of 118 put options.
AAN has been the topic of a number of recent research reports. Stephens restated a “buy” rating and issued a $61.00 target price 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 target price 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. Northcoast Research set a $53.00 target price on Aaron's and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, Loop Capital downgraded Aaron's from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $46.36.
Aaron's (NYSE AAN) opened at $43.40 on Monday. The stock has a market capitalization of $3,071.03, a P/E ratio of 16.95 and a beta of 0.20. Aaron's has a 1 year low of $26.12 and a 1 year 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 0.21.
Aaron's (NYSE:AAN) last released its earnings results on Thursday, February 15th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.10. The business had revenue of $884.60 million for the quarter, compared to the consensus estimate of $871.07 million. Aaron's had a return on equity of 11.64% and a net margin of 8.65%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. equities analysts forecast that Aaron's will post 3.39 EPS for the current fiscal year.
Aaron's declared that its board has authorized a stock repurchase plan on Thursday, February 15th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC lifted its position in shares of Aaron's by 17.2% in the third quarter. TrimTabs Asset Management LLC now owns 9,709 shares of the company’s stock valued at $424,000 after acquiring an additional 1,422 shares in the last quarter. Strs Ohio lifted its position in shares of Aaron's by 4.8% in the fourth quarter. Strs Ohio now owns 34,600 shares of the company’s stock valued at $1,378,000 after acquiring an additional 1,600 shares in the last quarter. ING Groep NV lifted its position in shares of Aaron's by 23.3% in the fourth quarter. ING Groep NV now owns 9,396 shares of the company’s stock valued at $374,000 after acquiring an additional 1,773 shares in the last quarter. Burney Co. lifted its position in shares of Aaron's by 0.7% in the fourth quarter. Burney Co. now owns 340,363 shares of the company’s stock valued at $13,563,000 after acquiring an additional 2,418 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Aaron's by 2.2% in the second quarter. Voya Investment Management LLC now owns 116,532 shares of the company’s stock valued at $4,533,000 after purchasing an additional 2,478 shares during the last quarter. Institutional investors and hedge funds own 98.94% 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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