Shares of Aaron’s Inc. (NYSE:AAN) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.25.
Several research firms recently issued reports on AAN. TheStreet upgraded Aaron’s from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Zacks Investment Research cut Aaron’s from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Jefferies Group began coverage on Aaron’s in a report on Thursday, October 13th. They issued a “buy” rating and a $30.00 price target on the stock.
Shares of Aaron’s (NYSE:AAN) opened at 24.33 on Wednesday. Aaron’s has a 12-month low of $20.24 and a 12-month high of $27.72. The firm’s 50-day moving average price is $24.34 and its 200 day moving average price is $24.34. The firm has a market cap of $1.77 billion, a P/E ratio of 12.73 and a beta of 0.23.
Aaron’s (NYSE:AAN) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $769 million for the quarter, compared to analysts’ expectations of $387.93 million. Aaron’s had a return on equity of 11.01% and a net margin of 4.15%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. On average, equities analysts expect that Aaron’s will post $2.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Wednesday, August 31st. Aaron’s’s dividend payout ratio is currently 5.24%.
In other Aaron’s news, Director Robert H. Yanker purchased 40,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were bought at an average price of $25.29 per share, with a total value of $1,011,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.12% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Strs Ohio raised its stake in Aaron’s by 3.8% in the second quarter. Strs Ohio now owns 1,271,500 shares of the company’s stock worth $27,833,000 after buying an additional 46,500 shares in the last quarter. Skyline Asset Management LP raised its stake in Aaron’s by 6.4% in the first quarter. Skyline Asset Management LP now owns 1,047,900 shares of the company’s stock worth $26,302,000 after buying an additional 63,200 shares in the last quarter. Foundry Partners LLC raised its stake in Aaron’s by 771.4% in the second quarter. Foundry Partners LLC now owns 141,305 shares of the company’s stock worth $3,093,000 after buying an additional 125,090 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Aaron’s during the first quarter worth approximately $788,000. Finally, AMP Capital Investors Ltd acquired a new stake in Aaron’s during the first quarter worth approximately $253,000. 92.00% of the stock is currently owned by institutional investors.