Aaron’s, Inc. (NYSE:AAN) insider Robert P. Sinclair, Jr. sold 404 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $52.00, for a total value of $21,008.00. Following the sale, the insider now owns 10,305 shares of the company’s stock, valued at approximately $535,860. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
AAN stock traded up $0.95 on Friday, reaching $52.23. 419,982 shares of the company’s stock were exchanged, compared to its average volume of 426,961. Aaron’s, Inc. has a twelve month low of $34.29 and a twelve month high of $52.70. The firm has a market capitalization of $3.58 billion, a PE ratio of 20.40 and a beta of 0.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.60 and a quick ratio of 0.70.
Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.08. The firm had revenue of $927.90 million for the quarter, compared to analyst estimates of $924.86 million. Aaron’s had a return on equity of 11.54% and a net margin of 8.14%. Aaron’s’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. equities research analysts expect that Aaron’s, Inc. will post 3.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, September 20th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, September 19th. Aaron’s’s dividend payout ratio (DPR) is 4.69%.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Aaron’s from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, July 31st. Stifel Nicolaus upped their price target on Aaron’s from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. ValuEngine raised Aaron’s from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Raymond James reaffirmed a “buy” rating and set a $57.00 price objective on shares of Aaron’s in a report on Sunday, August 12th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Aaron’s in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $50.73.
A number of institutional investors have recently bought and sold shares of AAN. Wells Fargo & Company MN grew its holdings in Aaron’s by 11.0% in the first quarter. Wells Fargo & Company MN now owns 391,184 shares of the company’s stock valued at $18,229,000 after purchasing an additional 38,619 shares during the last quarter. Aperio Group LLC grew its holdings in Aaron’s by 2.6% in the first quarter. Aperio Group LLC now owns 228,257 shares of the company’s stock valued at $10,637,000 after purchasing an additional 5,690 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Aaron’s in the first quarter valued at $2,153,000. Signaturefd LLC acquired a new stake in Aaron’s in the first quarter valued at $103,000. Finally, US Bancorp DE grew its holdings in Aaron’s by 24.1% in the first quarter. US Bancorp DE now owns 25,125 shares of the company’s stock valued at $1,169,000 after purchasing an additional 4,885 shares during the last quarter.
Aaron’s Company Profile
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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