Aaron’s, Inc. (NYSE:AAN) insider Robert P. Sinclair, Jr. sold 404 shares of Aaron’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $52.00, for a total value of $21,008.00. Following the completion of the transaction, the insider now owns 10,305 shares of the company’s stock, valued at approximately $535,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NYSE AAN traded up $0.95 during trading on Friday, hitting $52.23. The stock had a trading volume of 419,982 shares, compared to its average volume of 426,961. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.60 and a quick ratio of 0.70. The company has a market cap of $3.58 billion, a P/E ratio of 20.40 and a beta of 0.04. Aaron’s, Inc. has a one year low of $34.29 and a one year high of $52.70.

Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.08. The business had revenue of $927.90 million during the quarter, compared to the consensus estimate of $924.86 million. Aaron’s had a net margin of 8.14% and a return on equity of 11.54%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. equities research analysts expect that Aaron’s, Inc. will post 3.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Thursday, September 20th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, September 19th. Aaron’s’s dividend payout ratio is presently 4.69%.

Several institutional investors have recently bought and sold shares of AAN. Wells Fargo & Company MN raised its stake in shares of Aaron’s by 11.0% during the first quarter. Wells Fargo & Company MN now owns 391,184 shares of the company’s stock valued at $18,229,000 after acquiring an additional 38,619 shares in the last quarter. Aperio Group LLC raised its stake in shares of Aaron’s by 2.6% during the first quarter. Aperio Group LLC now owns 228,257 shares of the company’s stock valued at $10,637,000 after acquiring an additional 5,690 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Aaron’s during the first quarter valued at approximately $2,153,000. Signaturefd LLC bought a new stake in shares of Aaron’s during the first quarter valued at approximately $103,000. Finally, US Bancorp DE raised its stake in shares of Aaron’s by 24.1% during the first quarter. US Bancorp DE now owns 25,125 shares of the company’s stock valued at $1,169,000 after acquiring an additional 4,885 shares in the last quarter.

AAN has been the subject of several recent research reports. Zacks Investment Research lowered Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. ValuEngine raised shares of Aaron’s from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Northcoast Research reissued a “buy” rating on shares of Aaron’s in a research note on Tuesday, July 24th. Raymond James reissued a “buy” rating and issued a $57.00 price objective on shares of Aaron’s in a research note on Sunday, August 12th. Finally, Stifel Nicolaus raised their price objective on shares of Aaron’s from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.73.

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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Insider Buying and Selling by Quarter for Aaron`s (NYSE:AAN)

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