Aaron’s Inc. (NYSE:AAN)’s share price rose 3% during trading on Wednesday . The stock traded as high as $22.93 and last traded at $22.84, with a volume of 343,620 shares changing hands. The stock had previously closed at $22.17.

AAN has been the topic of several research analyst reports. Zacks Investment Research downgraded Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday, April 20th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Aaron’s in a research report on Tuesday, March 29th. Topeka Capital Markets initiated coverage on Aaron’s in a research report on Monday, May 23rd. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Sidoti initiated coverage on Aaron’s in a research report on Wednesday, April 13th. They issued a “buy” rating and a $33.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.36.

The stock has a market cap of $1.70 billion and a price-to-earnings ratio of 12.57. The stock has a 50-day moving average price of $23.36 and a 200-day moving average price of $23.66.

Aaron’s (NYSE:AAN) last released its earnings results on Friday, April 29th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.04. The firm earned $854.40 million during the quarter, compared to analyst estimates of $866.48 million. Aaron’s’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. On average, analysts forecast that Aaron’s Inc. will post $2.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Saturday, June 4th were given a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.44%.

Several institutional investors have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC increased its position in Aaron’s by 45.6% in the fourth quarter. Stephens Investment Management Group LLC now owns 747,070 shares of the company’s stock valued at $16,727,000 after buying an additional 234,015 shares during the period. Dean Investment Associates LLC increased its position in Aaron’s by 71.9% in the fourth quarter. Dean Investment Associates LLC now owns 166,180 shares of the company’s stock valued at $3,721,000 after buying an additional 69,520 shares during the period. Trexquant Investment LP purchased a new position in Aaron’s during the fourth quarter valued at $1,068,000. Systematic Financial Management LP increased its position in Aaron’s by 38.2% in the fourth quarter. Systematic Financial Management LP now owns 77,460 shares of the company’s stock valued at $1,734,000 after buying an additional 21,415 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in Aaron’s by 48.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,159,899 shares of the company’s stock valued at $48,360,000 after buying an additional 704,513 shares during the period.

Aaron’s, Inc (Aaron’s) is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company operates through five segments: The Aaron’s Sales and Lease Ownership segment, which offers furniture, electronics, appliances and computers to consumers on a monthly payment basis; Progressive, which is a virtual lease-to-own company that provides lease-purchase solutions; The HomeSmart segment, which offers furniture, electronics, appliances and computers to consumers on a weekly payment basis; Franchise, which awards franchises and supports franchisees of its sales and lease ownership concept, and Manufacturing segment, which manufactures upholstered furniture and bedding for use by Company-operated and franchised stores.

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