Aaron’s (AAN) Earns “Buy” Rating from Stephens

Aaron’s (NYSE:AAN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stephens in a research note issued on Wednesday. They presently have a $61.00 price target on the stock. Stephens’ target price indicates a potential upside of 54.55% from the company’s current price.

A number of other equities research analysts also recently issued reports on AAN. Jefferies Group restated a “buy” rating and issued a $54.00 target price on shares of Aaron’s in a report on Thursday, September 7th. Off Wall Street initiated coverage on shares of Aaron’s in a report on Monday, September 18th. They issued a “sell” rating for the company. KeyCorp upgraded shares of Aaron’s from a “sector weight” rating to an “overweight” rating and set a $50.00 target price for the company in a report on Thursday, September 28th. Zacks Investment Research downgraded shares of Aaron’s from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Janney Montgomery Scott initiated coverage on shares of Aaron’s in a research note on Wednesday, October 18th. They set a “neutral” rating and a $42.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $45.30.

Aaron’s (AAN) traded down $0.38 during trading on Wednesday, reaching $39.47. 906,000 shares of the company were exchanged, compared to its average volume of 703,900. Aaron’s has a 52-week low of $26.12 and a 52-week high of $48.22. The stock has a market capitalization of $2,790.00, a P/E ratio of 20.88 and a beta of 0.22. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.

Aaron’s (NYSE:AAN) last released its earnings results on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. The company had revenue of $838.80 million during the quarter, compared to analysts’ expectations of $827.20 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Aaron’s’s revenue for the quarter was up 9.1% compared to the same quarter last year. analysts anticipate that Aaron’s will post 2.46 EPS for the current fiscal year.

In other news, CEO John W. Robinson sold 15,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total transaction of $543,600.00. Following the transaction, 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 SEC, which is available at the SEC website. Also, CFO Steven A. Michaels sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $37.15, for a total transaction of $148,600.00. Following the transaction, the chief financial officer now directly owns 56,769 shares in the company, valued at $2,108,968.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,003 shares of company stock valued at $692,308. 1.93% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Aaron’s by 13.4% in 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 in the last quarter. Riverhead Capital Management LLC raised its holdings in Aaron’s by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after acquiring an additional 1,630 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Aaron’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $183,000 after acquiring an additional 705 shares in the last quarter. KBC Group NV acquired a new stake in Aaron’s in the third quarter valued at $192,000. Finally, ARP Americas LLC acquired a new stake in Aaron’s in the third quarter valued at $209,000.

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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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