Aaron's, Inc. (NYSE:AAN) insider Robert P. Sinclair, Jr. sold 452 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $49.00, for a total transaction of $22,148.00. Following the sale, the insider now directly owns 12,711 shares of the company’s stock, valued at approximately $622,839. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Aaron's, Inc. (NYSE AAN) traded up $0.93 during trading on Monday, reaching $48.89. 708,579 shares of the company traded hands, compared to its average volume of 880,521. The stock has a market cap of $3,460.00, a price-to-earnings ratio of 22.63 and a beta of 0.07. Aaron's, Inc. has a one year low of $27.44 and a one year high of $49.41. The company has a quick ratio of 0.80, a current ratio of 2.73 and a debt-to-equity ratio of 0.21.
Aaron's (NYSE:AAN) last released its earnings results on Thursday, February 15th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.10. The company had revenue of $884.60 million during the quarter, compared to analyst estimates of $871.07 million. Aaron's had a net margin of 8.65% and a return on equity of 11.64%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. analysts predict that Aaron's, Inc. will post 3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 23rd will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, March 22nd. Aaron's’s dividend payout ratio is 5.56%.
A number of hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in Aaron's by 3.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,337,860 shares of the company’s stock worth $58,371,000 after purchasing an additional 49,360 shares during the period. Stephens Investment Management Group LLC boosted its stake in Aaron's by 114.1% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,075,022 shares of the company’s stock worth $42,840,000 after purchasing an additional 572,801 shares during the period. JPMorgan Chase & Co. boosted its stake in Aaron's by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 929,135 shares of the company’s stock worth $40,453,000 after purchasing an additional 59,129 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Aaron's by 39.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 891,459 shares of the company’s stock worth $35,525,000 after purchasing an additional 251,687 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in Aaron's by 100.6% in the 4th quarter. Glenmede Trust Co. NA now owns 843,810 shares of the company’s stock worth $33,624,000 after purchasing an additional 423,209 shares during the period.
Several equities research analysts have recently commented on AAN shares. Zacks Investment Research raised shares of Aaron's from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Jefferies Group reaffirmed a “buy” rating and set a $54.00 price target on shares of Aaron's in a research report on Tuesday, December 26th. Stephens reaffirmed a “buy” rating and set a $61.00 price target on shares of Aaron's in a research report on Wednesday, January 3rd. Sidoti raised 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, November 29th. Finally, Northcoast Research set a $53.00 target price on shares of Aaron's and gave the stock a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.36.
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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.
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