Aaron’s, Inc. (NYSE:AAN) Receives Consensus Rating of “Buy” from Analysts
Aaron’s, Inc. (NYSE:AAN) has earned a consensus rating of “Buy” from the nine research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $70.14.
AAN has been the topic of several recent research reports. Loop Capital upped their target price on shares of Aaron’s to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. KeyCorp upped their target price on shares of Aaron’s from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Zacks Investment Research raised shares of Aaron’s from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Northcoast Research upped their target price on shares of Aaron’s from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Raymond James set a $72.00 price target on shares of Aaron’s and gave the stock a “buy” rating in a report on Friday, July 26th.
Shares of Aaron’s stock traded down $0.78 on Wednesday, reaching $63.85. The company had a trading volume of 880,400 shares, compared to its average volume of 585,938. The business has a 50 day simple moving average of $63.27. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.09 and a beta of 0.48. Aaron’s has a 52-week low of $39.28 and a 52-week high of $68.44. The company has a current ratio of 2.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 19th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, September 18th. Aaron’s’s payout ratio is 4.17%.
In other news, insider Douglas A. Lindsay sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $61.68, for a total value of $154,200.00. Following the completion of the transaction, the insider now owns 46,068 shares in the company, valued at approximately $2,841,474.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ray M. Robinson sold 3,000 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now owns 29,912 shares of the company’s stock, valued at approximately $1,615,248. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,758 shares of company stock valued at $2,111,246. Company insiders own 2.78% of the company’s stock.
Several institutional investors have recently modified their holdings of AAN. Penserra Capital Management LLC acquired a new stake in Aaron’s during the 1st quarter worth $28,000. Global Retirement Partners LLC boosted its stake in Aaron’s by 31.0% during the 1st quarter. Global Retirement Partners LLC now owns 778 shares of the company’s stock worth $41,000 after purchasing an additional 184 shares during the period. Krane Funds Advisors LLC acquired a new stake in Aaron’s during the 2nd quarter worth $60,000. Tower Research Capital LLC TRC boosted its stake in Aaron’s by 293.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,035 shares of the company’s stock worth $64,000 after purchasing an additional 772 shares during the period. Finally, Quantamental Technologies LLC acquired a new stake in Aaron’s during the 2nd quarter worth $87,000. Institutional investors and hedge funds own 97.31% of the company’s stock.
Aaron’s Company Profile
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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