Aaron's CEO Sells $57,735 in Stock (AAN)
Aaron's (NYSE:AAN) CEO Ronald W. Allen sold 2,250 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $25.66, for a total transaction of $57,735.00. Following the transaction, the chief executive officer now directly owns 88,709 shares in the company, valued at approximately $2,276,273. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Aaron's (NYSE:AAN) traded up 0.43% on Thursday, hitting $25.92. 501,258 shares of the company’s stock traded hands. Aaron's has a one year low of $26.18 and a one year high of $33.85. The stock has a 50-day moving average of $31.04 and a 200-day moving average of $29.. The company has a market cap of $1.874 billion and a P/E ratio of 21.19.
Aaron's (NYSE:AAN) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.23. The company had revenue of $672.50 million for the quarter, compared to the consensus estimate of $672.91 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that Aaron's will post $1.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.021 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, August 29th.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus cut their price target on shares of Aaron's from $42.00 to $35.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Aaron's from a “neutral” rating to an “underperform” rating in a research note on Friday, July 18th. They now have a $28.10 price target on the stock. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of Aaron's in a research note on Wednesday, July 16th. They now have a $42.00 price target on the stock, down previously from $45.00. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Aaron's currently has an average rating of “Hold” and an average price target of $33.52.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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