Analysts Set Aaron’s, Inc. (NYSE:AAN) Target Price at $53.80

Aaron’s, Inc. (NYSE:AAN) has been assigned an average rating of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $53.80.

A number of research analysts have issued reports on AAN shares. Berenberg Bank initiated coverage on shares of Aaron’s in a report on Tuesday, June 23rd. They issued a “buy” rating and a $68.00 target price for the company. TheStreet cut shares of Aaron’s from a “c” rating to a “d+” rating in a research note on Friday, May 8th. Raymond James dropped their price objective on shares of Aaron’s from $60.00 to $50.00 and set a “strong-buy” rating for the company in a research note on Friday, May 8th. KeyCorp dropped their price objective on shares of Aaron’s from $66.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, SunTrust Banks raised their price objective on shares of Aaron’s from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th.

Aaron’s stock traded down $0.51 during mid-day trading on Friday, reaching $45.99. The company had a trading volume of 11,587 shares, compared to its average volume of 995,623. Aaron’s has a 1 year low of $13.01 and a 1 year high of $78.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.05 and a quick ratio of 1.23. The company has a market capitalization of $3.12 billion, a P/E ratio of -10.13, a P/E/G ratio of 1.48 and a beta of 1.58. The stock’s 50-day simple moving average is $39.26 and its 200-day simple moving average is $42.00.

Aaron’s (NYSE:AAN) last issued its earnings results on Thursday, May 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.10. Aaron’s had a negative net margin of 7.55% and a positive return on equity of 14.53%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Aaron’s will post 2.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.35%. Aaron’s’s dividend payout ratio (DPR) is currently 4.11%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Profund Advisors LLC boosted its holdings in shares of Aaron’s by 3.9% in the 4th quarter. Profund Advisors LLC now owns 7,794 shares of the company’s stock valued at $445,000 after purchasing an additional 294 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Aaron’s by 0.8% in the 4th quarter. Mason Street Advisors LLC now owns 35,717 shares of the company’s stock valued at $2,040,000 after purchasing an additional 294 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Aaron’s by 24.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,279 shares of the company’s stock valued at $130,000 after purchasing an additional 448 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Aaron’s by 11.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,795 shares of the company’s stock valued at $109,000 after purchasing an additional 479 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Aaron’s by 67.0% in the 4th quarter. Penserra Capital Management LLC now owns 1,536 shares of the company’s stock valued at $92,000 after purchasing an additional 616 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

About Aaron’s

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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Analyst Recommendations for Aaron`s (NYSE:AAN)

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