Aaron’s (AAN) Given News Sentiment Rating of 0.07
News articles about Aaron’s (NYSE:AAN) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aaron’s earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.1233193609626 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Aaron’s, Inc. (AAN) Declares Quarterly Dividend of $0.03 (americanbankingnews.com)
- Head to Head Review: Aaron’s (AAN) & Air Lease (AL) (americanbankingnews.com)
- Aaron’s, Inc. (AAN) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Aaron’s and Progressive Leasing Surprise Olympia Teens with Renovated Keystone Club (thurstontalk.com)
Shares of Aaron’s opened at $40.58 on Thursday, Marketbeat.com reports. The company has a current ratio of 2.74, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. Aaron’s has a fifty-two week low of $40.26 and a fifty-two week high of $40.99. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 15.85 and a beta of 0.07.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Tuesday, June 19th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Monday, June 18th. Aaron’s’s dividend payout ratio is 4.69%.
Aaron’s declared that its Board of Directors has approved a share buyback plan on Thursday, February 15th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Several research analysts recently weighed in on AAN shares. Zacks Investment Research lowered Aaron’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. KeyCorp upped their target price on Aaron’s from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Piper Jaffray upped their target price on Aaron’s from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. SunTrust Banks reaffirmed a “buy” rating on shares of Aaron’s in a research report on Friday, February 16th. Finally, Loop Capital lowered Aaron’s from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.36.
In other news, CAO Robert W. Kamerschen sold 2,000 shares of the stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $42.38, for a total transaction of $84,760.00. Following the transaction, the chief accounting officer now owns 38,929 shares of the company’s stock, valued at approximately $1,649,811.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven A. Michaels sold 10,000 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $42.56, for a total value of $425,600.00. Following the transaction, the chief financial officer now directly owns 66,835 shares in the company, valued at approximately $2,844,497.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,147 shares of company stock worth $3,706,833. 2.28% of the stock is currently owned by insiders.
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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