Aaron's Given Average Recommendation of “Hold” by Analysts (NYSE:AAN)
Aaron's (NYSE:AAN) has earned a consensus rating of “Hold” from the seven analysts that are covering the stock, American Banking & Market News reports. One investment 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 target price among brokers that have covered the stock in the last year is $33.52.
A number of research firms have recently commented on AAN. 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.
Shares of Aaron's (NYSE:AAN) opened at 25.62 on Tuesday. Aaron's has a 1-year low of $24.75 and a 1-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 $1.853 billion and a P/E ratio of 20.98.
Aaron's (NYSE:AAN) last released its earnings data 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 declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders 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 0.33%. 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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