Stephens upgraded shares of Aaron’s (NYSE:AAN) from an equal weight rating to an overweight rating in a research report report published on Wednesday morning, The Fly reports. They currently have $65.00 price target on the stock.
Other research analysts have also issued reports about the company. SunTrust Banks upped their target price on Aaron’s from $40.00 to $50.00 and gave the stock a buy rating in a research report on Thursday, June 4th. Stifel Nicolaus raised their price objective on shares of Aaron’s from $49.00 to $70.00 and gave the company a buy rating in a research report on Wednesday, June 10th. ValuEngine raised shares of Aaron’s from a sell rating to a hold rating in a research report on Thursday, June 4th. TheStreet downgraded shares of Aaron’s from a c rating to a d+ rating in a report on Friday, May 8th. Finally, Berenberg Bank assumed coverage on shares of Aaron’s in a report on Tuesday, June 23rd. They issued a buy rating and a $68.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $62.70.
AAN stock opened at $52.18 on Wednesday. The firm has a 50 day simple moving average of $44.44 and a 200 day simple moving average of $39.92. Aaron’s has a 52 week low of $13.01 and a 52 week high of $78.65. The stock has a market cap of $3.50 billion, a P/E ratio of -12.42, a P/E/G ratio of 1.59 and a beta of 1.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.23 and a current ratio of 3.04.
Aaron’s (NYSE:AAN) last released its earnings results on Wednesday, July 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.36. Aaron’s had a negative net margin of 6.80% and a positive return on equity of 16.23%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $991.07 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Aaron’s will post 3.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Wednesday, June 17th. Aaron’s’s dividend payout ratio is currently 4.11%.
Several hedge funds and other institutional investors have recently bought and sold shares of AAN. First Trust Advisors LP grew its holdings in Aaron’s by 11.9% in the 1st quarter. First Trust Advisors LP now owns 81,486 shares of the company’s stock valued at $4,286,000 after buying an additional 8,666 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Aaron’s by 5.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 274,820 shares of the company’s stock worth $14,456,000 after buying an additional 13,762 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Aaron’s by 17.8% in the fourth quarter. Guggenheim Capital LLC now owns 9,685 shares of the company’s stock worth $553,000 after acquiring an additional 1,465 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in Aaron’s by 267.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 10,210 shares of the company’s stock worth $583,000 after acquiring an additional 7,428 shares during the period. Finally, Captrust Financial Advisors acquired a new position in Aaron’s during the 4th quarter valued at $213,000. 98.57% of the stock is owned by institutional investors and hedge funds.
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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