Aaron’s, Inc. (AAN) CEO John W. Robinson Sells 45,000 Shares
Aaron’s, Inc. (NYSE:AAN) CEO John W. Robinson sold 45,000 shares of Aaron’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $51.12, for a total transaction of $2,300,400.00. Following the completion of the sale, the chief executive officer now directly owns 319,329 shares of the company’s stock, valued at approximately $16,324,098.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
NYSE AAN traded up $0.53 during mid-day trading on Monday, hitting $50.71. The company’s stock had a trading volume of 503,000 shares, compared to its average volume of 570,212. Aaron’s, Inc. has a twelve month low of $38.77 and a twelve month high of $56.04. The company has a current ratio of 2.55, a quick ratio of 0.49 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.37 billion, a P/E ratio of 15.09, a PEG ratio of 0.91 and a beta of 0.47.
Aaron’s (NYSE:AAN) last posted its quarterly earnings data on Thursday, February 14th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.01). The firm had revenue of $993.20 million for the quarter, compared to analysts’ expectations of $966.29 million. Aaron’s had a return on equity of 13.51% and a net margin of 5.12%. Aaron’s’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Sell-side analysts predict that Aaron’s, Inc. will post 3.75 EPS for the current year.
Several analysts recently issued reports on the stock. KeyCorp reissued a “buy” rating and issued a $68.00 price target on shares of Aaron’s in a research report on Friday, February 15th. Loop Capital lifted their price target on shares of Aaron’s from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 14th. Northcoast Research raised shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Thursday, February 21st. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price target on shares of Aaron’s in a research report on Monday, February 18th. Finally, Raymond James reissued a “buy” rating and issued a $61.00 price target on shares of Aaron’s in a research report on Sunday, February 17th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.25.
Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC boosted its holdings in Aaron’s by 531.9% during the 4th quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Aaron’s by 4,622.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,151,876 shares of the company’s stock worth $27,000 after acquiring an additional 1,127,485 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Aaron’s during the 4th quarter worth $102,000. Pearl River Capital LLC purchased a new position in Aaron’s during the 4th quarter worth $104,000. Finally, Advisor Group Inc. boosted its holdings in Aaron’s by 301.1% during the 4th quarter. Advisor Group Inc. now owns 4,717 shares of the company’s stock worth $198,000 after acquiring an additional 3,541 shares during the last quarter.
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Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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