Aaron’s, Inc. (AAN) Receives $56.00 Consensus Target Price from Analysts
Shares of Aaron’s, Inc. (NYSE:AAN) have earned an average recommendation of “Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $56.00.
Several equities analysts have recently commented on the company. ValuEngine upgraded Aaron’s from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research lowered Aaron’s from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Northcoast Research lowered Aaron’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 9th. Stifel Nicolaus increased their price objective on Aaron’s from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. Finally, Loop Capital increased their price objective on Aaron’s to $59.00 and gave the company a “buy” rating in a research report on Friday, September 21st.
Shares of NYSE:AAN traded down $1.05 on Monday, hitting $49.58. The company’s stock had a trading volume of 499,839 shares, compared to its average volume of 715,179. The company has a quick ratio of 0.55, a current ratio of 2.43 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.50 billion, a P/E ratio of 19.37 and a beta of 0.25. Aaron’s has a 1 year low of $35.16 and a 1 year high of $56.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Thursday, December 20th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.28%. This is a positive change from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, December 19th. Aaron’s’s dividend payout ratio (DPR) is presently 4.69%.
In related news, insider Curtis Linn Doman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the insider now directly owns 62,523 shares in the company, valued at approximately $3,126,150. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ray M. Robinson sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $49.19, for a total value of $147,570.00. Following the transaction, the director now owns 26,936 shares in the company, valued at $1,324,981.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,904 shares of company stock worth $2,733,578. 2.28% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vident Investment Advisory LLC grew its position in Aaron’s by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 75,402 shares of the company’s stock worth $3,276,000 after acquiring an additional 1,131 shares during the last quarter. US Bancorp DE grew its position in shares of Aaron’s by 4.6% in the 2nd quarter. US Bancorp DE now owns 26,278 shares of the company’s stock worth $1,141,000 after buying an additional 1,153 shares during the last quarter. Amalgamated Bank grew its position in shares of Aaron’s by 13.5% in the 2nd quarter. Amalgamated Bank now owns 10,222 shares of the company’s stock worth $444,000 after buying an additional 1,218 shares during the last quarter. LPL Financial LLC grew its position in shares of Aaron’s by 8.1% in the 1st quarter. LPL Financial LLC now owns 16,479 shares of the company’s stock worth $768,000 after buying an additional 1,238 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Aaron’s by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 42,978 shares of the company’s stock worth $1,867,000 after buying an additional 1,257 shares during the last quarter.
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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