Aaron’s, Inc. (AAN) Insider Robert P. Sinclair, Jr. Sells 404 Shares
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.
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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