Insider Selling: Aaron's Director Sells 2,250 Shares of Stock (AAN)
Aaron's (NYSE:AAN) Director Ray M. Robinson sold 2,250 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $25.83, for a total transaction of $58,117.50. Following the transaction, the director now directly owns 11,565 shares of the company’s stock, valued at approximately $298,724. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on AAN shares. 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 assigned a hold rating and three have issued a buy rating to the company. Aaron's has a consensus rating of “Hold” and an average price target of $33.52.
Shares of Aaron's (NYSE:AAN) traded up 0.43% during mid-day trading on Thursday, hitting $25.92. 501,258 shares of the company’s stock traded hands. Aaron's has a 1-year low of $26.18 and a 1-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 posted its quarterly earnings results on Friday, July 25th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Analysts expect that Aaron's will post $1.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 3rd will be given a dividend of $0.021 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, August 29th.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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