Insider Selling: Tristan J. Montanero Sells 6,250 Shares of Aaron's Stock (AAN)
Aaron's (NYSE:AAN) VP Tristan J. Montanero unloaded 6,250 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $35.35, for a total value of $220,937.50. Following the transaction, the vice president now directly owns 12,977 shares in the company, valued at approximately $458,737. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Aaron's from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 17th. They now have a $37.90 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Aaron's from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $45.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.78.
Shares of Aaron's (NYSE:AAN) traded up 0.60% on Friday, hitting $35.31. The stock had a trading volume of 198,202 shares. Aaron's has a 52 week low of $26.18 and a 52 week high of $33.85. The stock’s 50-day moving average is $31.04 and its 200-day moving average is $29.. The company has a market cap of $2.550 billion and a price-to-earnings ratio of 24.53.
Aaron's (NYSE:AAN) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $585.40 million for the quarter, compared to the consensus estimate of $591.08 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that Aaron's will post $1.97 EPS for the current fiscal year.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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