Aaron’s (AAN) Stock Rating Lowered by Loop Capital

Aaron’s (NYSE:AAN) was downgraded by investment analysts at Loop Capital from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Marketbeat reports. They presently have a $42.00 price target on the stock. Loop Capital’s target price points to a potential downside of 1.55% from the stock’s current price.

Other research analysts have also issued reports about the stock. Sidoti raised shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, November 29th. Janney Montgomery Scott assumed coverage on shares of Aaron’s in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $42.00 price objective on the stock. Jefferies Group reissued a “buy” rating and set a $54.00 price target on shares of Aaron’s in a research report on Tuesday, December 26th. Northcoast Research set a $53.00 price target on shares of Aaron’s and gave the company a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.10.

Shares of Aaron’s (NYSE:AAN) traded up $1.05 during midday trading on Wednesday, reaching $42.66. 438,016 shares of the company traded hands, compared to its average volume of 606,058. The company has a market capitalization of $2,944.36, a price-to-earnings ratio of 22.45 and a beta of 0.22. Aaron’s has a fifty-two week low of $26.12 and a fifty-two week high of $48.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 2.35.

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

In related news, CFO Steven A. Michaels sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total transaction of $543,600.00. Following 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. Insiders have sold 19,003 shares of company stock valued at $692,308 in the last 90 days. 1.93% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Aaron’s by 4.3% in the 2nd quarter. BlackRock Inc. now owns 7,237,539 shares of the company’s stock worth $281,540,000 after acquiring an additional 298,839 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Aaron’s by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,320,969 shares of the company’s stock valued at $245,885,000 after acquiring an additional 22,626 shares during the last quarter. State Street Corp boosted its position in shares of Aaron’s by 6.8% during the 2nd quarter. State Street Corp now owns 2,235,516 shares of the company’s stock valued at $86,967,000 after acquiring an additional 142,599 shares during the last quarter. Northern Trust Corp boosted its position in shares of Aaron’s by 6.2% during the 2nd quarter. Northern Trust Corp now owns 1,574,361 shares of the company’s stock valued at $61,243,000 after acquiring an additional 91,801 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Aaron’s by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,337,860 shares of the company’s stock valued at $58,371,000 after acquiring an additional 49,360 shares during the last quarter.

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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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