Insider Selling: Aaron’s, Inc. (AAN) CEO Sells 15,000 Shares of Stock
Aaron’s, Inc. (NYSE:AAN) CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total transaction of $543,600.00. Following the sale, the chief executive officer now directly owns 337,340 shares of the company’s stock, valued at $12,225,201.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Aaron’s, (NYSE:AAN) last released its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). Aaron’s, had a net margin of 4.15% and a return on equity of 11.41%. The business had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. During the same quarter last year, the firm earned $0.50 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.
COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/11/02/insider-selling-aarons-inc-aan-ceo-sells-15000-shares-of-stock.html.
A number of analysts have commented on AAN shares. Zacks Investment Research lowered shares of Aaron’s, from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub lowered shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating and issued a $54.00 target price on shares of Aaron’s, in a report on Thursday, August 31st. KeyCorp upgraded Aaron’s, from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a report on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 target price (up previously from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Aaron’s, has a consensus rating of “Hold” and an average price target of $44.94.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. USA Financial Portformulas Corp bought a new stake in Aaron’s, in the 3rd quarter valued at approximately $482,000. American Century Companies Inc. lifted its stake in Aaron’s, by 206.0% in the 3rd quarter. American Century Companies Inc. now owns 434,161 shares of the company’s stock valued at $18,942,000 after acquiring an additional 292,286 shares in the last quarter. Stevens Capital Management LP lifted its stake in Aaron’s, by 479.4% in the 3rd quarter. Stevens Capital Management LP now owns 49,253 shares of the company’s stock valued at $2,149,000 after acquiring an additional 40,753 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in Aaron’s, in the 3rd quarter valued at approximately $1,300,000. Finally, Palisade Capital Management LLC NJ lifted its stake in Aaron’s, by 1.9% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 304,988 shares of the company’s stock valued at $13,307,000 after acquiring an additional 5,637 shares in the last quarter.
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.
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.