Insider Selling: Aaron's CEO Sells 2,250 Shares of Stock (AAN)
Aaron's (NYSE:AAN) CEO Ronald W. Allen unloaded 2,250 shares of Aaron's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $25.66, for a total value of $57,735.00. Following the transaction, the chief executive officer now directly owns 88,709 shares of the company’s stock, 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) 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’s 50-day moving average is $31.04 and its 200-day moving average is $29.. The company has a market cap of $1.808 billion and a price-to-earnings ratio of 20.53.
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 0.34%. The ex-dividend date of this dividend 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock 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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