Aaron’s (NYSE:AAN) received a $53.00 price objective from research analysts at Northcoast Research in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Northcoast Research’s target price would indicate a potential upside of 40.51% from the company’s previous close.

Several other research firms also recently weighed in on AAN. Sidoti upgraded shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 target price on shares of Aaron’s in a research report on Friday, September 1st. Zacks Investment Research cut shares of Aaron’s from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Janney Montgomery Scott assumed coverage on shares of Aaron’s in a research report on Wednesday, October 18th. They set a “neutral” rating and a $42.00 price target on the stock. Finally, Jefferies Group reaffirmed a “buy” rating and set a $54.00 price target on shares of Aaron’s in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $43.30.

Aaron’s (NYSE:AAN) traded down $0.28 during mid-day trading on Friday, hitting $37.72. 801,100 shares of the stock traded hands, compared to its average volume of 831,846. Aaron’s has a one year low of $26.12 and a one year high of $48.22. The firm has a market cap of $2,618.86, a PE ratio of 15.36 and a beta of 0.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74.

Aaron’s (NYSE:AAN) last announced its quarterly earnings results on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.11). The company had revenue of $838.80 million during the quarter, compared to analysts’ expectations of $827.20 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. equities research analysts forecast that Aaron’s will post 2.47 earnings per share for the current year.

In related news, CFO Steven A. Michaels sold 4,000 shares of Aaron’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total value of $148,600.00. Following the completion of the sale, the chief financial officer now owns 56,769 shares in the company, valued at $2,108,968.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John W. Robinson sold 15,000 shares of Aaron’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total transaction of $543,600.00. Following the completion of the sale, the chief executive officer now owns 337,340 shares of the company’s stock, valued at approximately $12,225,201.60. The disclosure for this sale can be found here. Over the last three months, insiders have bought 1,813,000 shares of company stock worth $80,530 and have sold 19,003 shares worth $692,308. Insiders own 1.93% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. TrimTabs Asset Management LLC increased its holdings in shares of Aaron’s by 17.2% in the 3rd quarter. TrimTabs Asset Management LLC now owns 9,709 shares of the company’s stock valued at $424,000 after purchasing an additional 1,422 shares during the period. Shelton Capital Management acquired a new position in Aaron’s in the third quarter worth approximately $210,000. California Public Employees Retirement System increased its holdings in Aaron’s by 11.2% in the third quarter. California Public Employees Retirement System now owns 179,213 shares of the company’s stock worth $7,819,000 after buying an additional 18,113 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in Aaron’s in the third quarter worth approximately $453,000. Finally, AMP Capital Investors Ltd acquired a new position in Aaron’s in the third quarter worth approximately $353,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

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About Aaron’s

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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