Aaron’s, Inc. (NYSE:AAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Aaron’s, Inc. is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. It is engaged in the lease ownership, lease and retail sale of a variety of products, such as widescreen and LCD televisions, computers, living room and bedroom furniture, and refrigerators The company offers products of various brands, such as JVC, Mitsubishi, Philips, Panasonic, Sony, Dell, Hewlett-Packard, Simmons, Frigidaire, and Sharp. Aaron’s, Inc. is based in Atlanta, Georgia. “

Other analysts have also recently issued research reports about the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aaron’s, in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed 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. KeyCorp raised shares of Aaron’s, from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research report on Thursday, September 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Aaron’s, in a research report on Thursday, September 7th. Finally, Northcoast Research reaffirmed 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.36.

Aaron’s, (NYSE AAN) traded down 0.16% on Tuesday, hitting $43.89. The stock had a trading volume of 518,508 shares. The company has a market capitalization of $3.10 billion, a PE ratio of 22.55 and a beta of 0.21. The company has a 50 day moving average of $42.61 and a 200 day moving average of $38.70. Aaron’s, has a 12-month low of $22.37 and a 12-month high of $48.22.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings data on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.10. The business had revenue of $815.60 million during the quarter, compared to the consensus estimate of $786.12 million. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. Aaron’s, ‘s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. On average, equities analysts expect that Aaron’s, will post $2.55 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/10/aarons-inc-aan-stock-rating-lowered-by-zacks-investment-research.html.

In other Aaron’s, news, insider Curtis Linn Doman sold 30,000 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $43.35, for a total value of $1,300,500.00. Following the completion of the sale, the insider now owns 101,775 shares in the company, valued at approximately $4,411,946.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert P. Sinclair, Jr. sold 4,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $43.47, for a total transaction of $173,880.00. Following the completion of the sale, the insider now owns 12,469 shares of the company’s stock, valued at approximately $542,027.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,776 shares of company stock valued at $2,742,507. Company insiders own 1.93% of the company’s stock.

Several hedge funds have recently modified their holdings of AAN. Wells Fargo & Company MN increased its stake in shares of Aaron’s, by 2.4% during the 1st quarter. Wells Fargo & Company MN now owns 53,580 shares of the company’s stock worth $1,594,000 after purchasing an additional 1,249 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Aaron’s, by 3.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 38,063 shares of the company’s stock worth $1,131,000 after purchasing an additional 1,397 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Aaron’s, by 12.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 97,818 shares of the company’s stock worth $2,909,000 after purchasing an additional 11,029 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Aaron’s, by 1.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 222,272 shares of the company’s stock worth $6,610,000 after purchasing an additional 3,711 shares during the last quarter. Finally, Oxford Asset Management purchased a new stake in shares of Aaron’s, during the 1st quarter worth approximately $400,000.

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.

Get a free copy of the Zacks research report on Aaron’s, (AAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Aaron's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.