Insider Buying: Aaron's Director Purchases 1,000 Shares of Stock (AAN)
Aaron's (NYSE:AAN) Director Hubert L. Jr. Harris purchased 1,000 shares of the stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $25,000.00. Following the completion of the transaction, the director now directly owns 4,940 shares in the company, valued at approximately $123,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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 issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.52.
Aaron's (NYSE:AAN) opened at 25.96 on Wednesday. Aaron's has a 52 week low of $26.18 and a 52 week 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 $1.877 billion and a P/E ratio of 21.17.
Aaron's (NYSE:AAN) last released its earnings data 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 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. Shareholders 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.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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