Aaron’s, Inc. (NYSE:AAN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research note issued to investors on Thursday. They presently have a $54.00 price objective on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 31.35% from the stock’s previous close.

AAN has been the topic of a number of other research reports. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a research report on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price target (up previously from $40.00) on shares of Aaron’s, in a research report on Sunday, July 30th. Northcoast Research reiterated a “buy” rating and set a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a research report on Monday, July 31st. Finally, BidaskClub downgraded Aaron’s, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $44.21.

Aaron’s, (NYSE:AAN) traded down 2.12% on Thursday, hitting $41.11. The stock had a trading volume of 1,040,562 shares. The stock has a market cap of $2.91 billion, a P/E ratio of 21.13 and a beta of 0.18. The company’s 50 day moving average is $43.84 and its 200-day moving average is $36.29. Aaron’s, has a 12 month low of $22.37 and a 12 month high of $48.22.

Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, July 28th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The firm had revenue of $815.60 million for the quarter, compared to the consensus estimate of $786.12 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Aaron’s, will post $2.56 EPS for the current year.

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In other Aaron’s, news, insider Robert P. Sinclair, Jr. sold 1,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the insider now owns 11,469 shares of the company’s stock, valued at $516,105. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven A. Michaels sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $46.26, for a total value of $231,300.00. Following the transaction, the chief financial officer now directly owns 61,095 shares of the company’s stock, valued at approximately $2,826,254.70. The disclosure for this sale can be found here. Insiders have sold 61,776 shares of company stock worth $2,742,507 in the last quarter. 1.93% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. LS Investment Advisors LLC raised its holdings in shares of Aaron’s, by 34.5% during the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after acquiring an additional 682 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aaron’s, by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after acquiring an additional 312 shares during the last quarter. Meadow Creek Investment Management LLC raised its holdings in shares of Aaron’s, by 5.0% during the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock valued at $106,000 after acquiring an additional 168 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Aaron’s, by 24.1% during the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after acquiring an additional 778 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its holdings in shares of Aaron’s, by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 4,048 shares of the company’s stock valued at $120,000 after acquiring an additional 1,904 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Aaron’s, Company Profile

Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.

Analyst Recommendations for Aaron`s,  (NYSE:AAN)

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