Aaron’s Inc. (AAN) Shares Down 4.3%
Aaron’s Inc. (NYSE:AAN)’s share price fell 4.3% on Thursday . The stock traded as low as $21.52 and last traded at $21.91, with a volume of 946,883 shares changing hands. The stock had previously closed at $22.90.
Several brokerages have weighed in on AAN. Zacks Investment Research raised Aaron’s from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, April 27th. Sidoti initiated coverage on Aaron’s in a report on Wednesday, April 13th. They set a “buy” rating and a $33.00 price target for the company. Finally, Topeka Capital Markets initiated coverage on Aaron’s in a report on Monday, May 23rd. They set a “buy” rating and a $30.00 price target for the company. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $31.36.
The stock has a 50-day moving average price of $22.78 and a 200 day moving average price of $23.74. The stock has a market capitalization of $1.60 billion and a price-to-earnings ratio of 11.79.
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 consensus estimate of $0.75 by $0.04. During the same period last year, the business posted $0.73 earnings per share. The business earned $854.40 million during the quarter, compared to analyst estimates of $866.48 million. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts forecast 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. This represents a $0.10 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, June 1st.
Several institutional investors recently bought and sold shares of AAN. Dimensional Fund Advisors LP raised its position in Aaron’s by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,613,592 shares of the company’s stock worth $103,300,000 after buying an additional 38,829 shares during the last quarter. 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 worth $1,313,000 after buying an additional 44,014 shares during the last quarter. Stephens Investment Management Group LLC raised 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 worth $16,727,000 after buying an additional 234,015 shares during the last quarter. Dean Investment Associates LLC raised 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 worth $3,721,000 after buying an additional 69,520 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Aaron’s during the fourth quarter worth approximately $1,068,000.
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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