Aaron’s, Inc. (NYSE:AAN) – Stock analysts at Jefferies Group boosted their Q1 2018 earnings estimates for shares of Aaron’s in a report released on Wednesday. Jefferies Group analyst K. Joseph now forecasts that the company will post earnings of $1.00 per share for the quarter, up from their previous forecast of $0.86. Jefferies Group currently has a “Buy” rating and a $54.00 target price on the stock. Jefferies Group also issued estimates for Aaron’s’ FY2018 earnings at $3.40 EPS.

Aaron’s (NYSE:AAN) last issued its earnings results on Friday, October 27th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.11). Aaron’s had a return on equity of 11.41% and a net margin of 4.15%. The firm had revenue of $838.80 million during the quarter, compared to analysts’ expectations of $827.20 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year.

A number of other research analysts also recently issued reports on the stock. Off Wall Street started coverage on shares of Aaron’s in a research report on Monday, September 18th. They set a “sell” rating on the stock. Raymond James Financial raised shares of Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Friday, November 10th. Loop Capital raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Wednesday, November 8th. KeyCorp raised shares of Aaron’s from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research report on Thursday, September 28th. Finally, Sidoti raised shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.27.

Aaron’s (NYSE AAN) opened at $41.13 on Friday. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2,909.69, a price-to-earnings ratio of 17.06 and a beta of 0.22. Aaron’s has a 1 year low of $26.12 and a 1 year high of $48.22.

Several hedge funds have recently made changes to their positions in AAN. Legal & General Group Plc boosted its holdings in shares of Aaron’s by 10.3% during the 2nd quarter. Legal & General Group Plc now owns 80,025 shares of the company’s stock valued at $3,112,000 after buying an additional 7,493 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Aaron’s by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $183,000 after buying an additional 705 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Aaron’s by 60.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 58,279 shares of the company’s stock valued at $2,267,000 after buying an additional 22,039 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Aaron’s by 13.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after buying an additional 312 shares in the last quarter. Finally, Keybank National Association OH bought a new stake in shares of Aaron’s during the 2nd quarter valued at $235,000.

In other news, CFO Steven A. Michaels sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the sale, the chief financial officer now owns 56,769 shares in the company, valued at approximately $2,108,968.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John W. Robinson sold 15,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total transaction of $543,600.00. Following the sale, the chief executive officer now owns 337,340 shares in the company, valued at approximately $12,225,201.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,003 shares of company stock worth $692,308. Company insiders own 1.93% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 13th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Tuesday, December 12th. This is a boost from Aaron’s’s previous quarterly dividend of $0.03. Aaron’s’s payout ratio is 6.32%.

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About Aaron’s

Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.

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