Aaron’s Inc. (AAN) Stock Price Up 1.6%
Shares of Aaron’s Inc. (NYSE:AAN) rose 1.6% on Monday . The company traded as high as $23.14 and last traded at $23.10, with a volume of 267,735 shares. The stock had previously closed at $22.73.
AAN has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Aaron’s in a report on Tuesday, March 29th. Sidoti initiated coverage on shares of Aaron’s in a report on Wednesday, April 13th. They issued a “buy” rating and a $33.00 price objective on the stock. Zacks Investment Research cut shares of Aaron’s from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. Finally, Topeka Capital Markets started coverage on shares of Aaron’s in a report on Monday, May 23rd. They issued a “buy” rating and a $30.00 price objective on the stock. Four 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’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.36.
The firm has a market capitalization of $1.69 billion and a P/E ratio of 12.45. The firm’s 50-day moving average is $22.94 and its 200-day moving average is $23.76.
Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Friday, April 29th. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business earned $854.40 million during the quarter, compared to analysts’ expectations of $866.48 million. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 earnings per share. Equities research analysts expect that Aaron’s Inc. will post $2.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Saturday, June 4th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.10 annualized dividend and a yield of 0.43%.
A number of hedge funds have recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its stake in shares of Aaron’s by 3.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 44,766 shares of the company’s stock valued at $1,002,000 after buying an additional 1,675 shares in the last quarter. Trexquant Investment LP bought a new position in Aaron’s during the fourth quarter valued at about $1,068,000. BNP Paribas Arbitrage SA raised its position in Aaron’s by 300.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 58,644 shares of the company’s stock valued at $1,313,000 after buying an additional 44,014 shares during the last quarter. Systematic Financial Management LP raised 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 last quarter. Finally, Lapides Asset Management LLC bought a new position in Aaron’s during the fourth quarter valued at about $3,627,000.
Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.
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