Aaron's Director Sells $58,118 in Stock (AAN)
Aaron's (NYSE:AAN) Director Ray M. Robinson sold 2,250 shares of Aaron's stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $25.83, for a total transaction of $58,117.50. Following the completion of the sale, the director now directly owns 11,565 shares in the company, valued at approximately $298,724. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Aaron's (NYSE:AAN) opened at 25.00 on Monday. 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 $1.808 billion and a P/E ratio of 20.53.
Aaron's (NYSE:AAN) last released its 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. Analysts expect that Aaron's will post $1.68 EPS 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 0.34%. 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 analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price 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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