Aaron’s (NYSE:AAN) had its target price raised by SunTrust Banks from $55.00 to $65.00 in a report issued on Thursday, The Fly reports. The brokerage currently has a buy rating on the stock.
Several other brokerages also recently weighed in on AAN. Berenberg Bank assumed coverage on Aaron’s in a research note on Tuesday, June 23rd. They set a buy rating and a $68.00 target price for the company. Jefferies Financial Group upped their price objective on shares of Aaron’s from $63.00 to $70.00 and gave the stock a buy rating in a research report on Thursday. TheStreet downgraded shares of Aaron’s from a c rating to a d+ rating in a report on Friday, May 8th. Stifel Nicolaus boosted their target price on shares of Aaron’s from $49.00 to $70.00 and gave the stock a buy rating in a research note on Wednesday, June 10th. Finally, ValuEngine upgraded shares of Aaron’s from a sell rating to a hold rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $62.70.
AAN opened at $52.18 on Thursday. The company has a fifty day moving average of $44.44 and a two-hundred day moving average of $39.92. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -12.42, a PEG ratio of 1.59 and a beta of 1.62. Aaron’s has a fifty-two week low of $13.01 and a fifty-two week high of $78.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.23 and a current ratio of 3.04.
Aaron’s (NYSE:AAN) last posted its earnings results on Wednesday, July 29th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.36. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $991.07 million. Aaron’s had a positive return on equity of 16.23% and a negative net margin of 6.80%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. On average, equities research analysts forecast that Aaron’s will post 3.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.31%. Aaron’s’s payout ratio is 4.11%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of Aaron’s by 2.9% in the first quarter. State Street Corp now owns 2,569,997 shares of the company’s stock valued at $58,645,000 after purchasing an additional 71,844 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Aaron’s by 9.3% during the second quarter. Wedge Capital Management L L P NC now owns 2,296,444 shares of the company’s stock worth $104,259,000 after buying an additional 195,858 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Aaron’s by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,463,116 shares of the company’s stock valued at $83,559,000 after buying an additional 72,490 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Aaron’s by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 988,502 shares of the company’s stock worth $22,517,000 after acquiring an additional 50,385 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Aaron’s by 692.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 974,492 shares of the company’s stock worth $22,199,000 after acquiring an additional 851,559 shares during the period. 98.57% of the stock is currently owned by institutional investors and hedge funds.
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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