Aaron’s (AAN) Lowered to Sell at Zacks Investment Research

Aaron’s (NYSE:AAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

According to Zacks, “Aaron’s, Inc. is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. It is engaged in the lease ownership, lease and retail sale of a variety of products, such as widescreen and LCD televisions, computers, living room and bedroom furniture, and refrigerators The company offers products of various brands, such as JVC, Mitsubishi, Philips, Panasonic, Sony, Dell, Hewlett-Packard, Simmons, Frigidaire, and Sharp. Aaron’s, Inc. is based in Atlanta, Georgia. “

Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Loop Capital upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Monday, April 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Aaron’s has a consensus rating of “Buy” and a consensus price target of $46.36.

Shares of Aaron’s opened at $43.80 on Wednesday, Marketbeat reports. The company has a market cap of $3.16 billion, a P/E ratio of 17.09 and a beta of 0.06. Aaron’s has a 12 month low of $34.29 and a 12 month high of $49.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.74 and a quick ratio of 0.86.

Aaron’s (NYSE:AAN) last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.14). The firm had revenue of $954.81 million for the quarter, compared to analysts’ expectations of $926.74 million. Aaron’s had a net margin of 8.34% and a return on equity of 11.22%. Aaron’s’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. equities research analysts anticipate that Aaron’s will post 3.35 earnings per share for the current year.

In other news, CEO Ryan K. Woodley sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $42.35, for a total value of $529,375.00. Following the completion of the sale, the chief executive officer now directly owns 157,950 shares in the company, valued at approximately $6,689,182.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Curtis Linn Doman sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $42.27, for a total transaction of $634,050.00. Following the completion of the sale, the insider now owns 102,523 shares of the company’s stock, valued at $4,333,647.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,500 shares of company stock valued at $1,673,785. 2.28% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new stake in shares of Aaron’s in the 4th quarter worth approximately $2,752,000. Teacher Retirement System of Texas lifted its holdings in shares of Aaron’s by 315.5% in the 4th quarter. Teacher Retirement System of Texas now owns 21,744 shares of the company’s stock worth $866,000 after acquiring an additional 16,511 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Aaron’s by 20.1% in the 4th quarter. Teachers Advisors LLC now owns 464,851 shares of the company’s stock worth $18,524,000 after acquiring an additional 77,871 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Aaron’s by 10.9% in the 4th quarter. Wells Fargo & Company MN now owns 352,565 shares of the company’s stock worth $14,050,000 after acquiring an additional 34,513 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its holdings in shares of Aaron’s by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 68,771 shares of the company’s stock worth $2,741,000 after acquiring an additional 4,202 shares during the last quarter.

About Aaron’s

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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