Aaron's Receives Average Rating of “Hold” from Brokerages (NYSE:AAN)
Aaron's (NYSE:AAN) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the stock, Stock Ratings News reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $33.52.
AAN has been the subject of a number of recent research reports. 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.
Aaron's (NYSE:AAN) opened at 25.85 on Tuesday. Aaron's has a one year low of $24.75 and a one year high of $36.74. The stock’s 50-day moving average is $28.40 and its 200-day moving average is $30.80. The company has a market cap of $1.869 billion and a price-to-earnings ratio of 21.22.
Aaron's (NYSE:AAN) last announced its earnings results on Friday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.50 earnings per share. Aaron's’s revenue was up 22.2% compared to the same quarter last year. 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.
In other Aaron's news, CEO Ronald W. Allen sold 2,250 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $25.66, for a total transaction of $57,735.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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