Aaron’s (NYSE:AAN) Lowered to “Sell” at ValuEngine

ValuEngine lowered shares of Aaron’s (NYSE:AAN) from a hold rating to a sell rating in a research report sent to investors on Tuesday, ValuEngine reports.

A number of other research firms have also weighed in on AAN. Loop Capital reiterated a buy rating and set a $90.00 target price (up from $80.00) on shares of Aaron’s in a report on Friday, September 11th. Berenberg Bank assumed coverage on shares of Aaron’s in a research note on Tuesday, June 23rd. They issued a buy rating and a $68.00 price target for the company. Raymond James reissued a buy rating on shares of Aaron’s in a research note on Thursday, August 6th. SunTrust Banks increased their price target on shares of Aaron’s from $55.00 to $65.00 and gave the stock a buy rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus increased their price target 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $69.36.

Aaron’s stock opened at $58.37 on Tuesday. The company has a current ratio of 3.04, a quick ratio of 1.09 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $55.59 and a 200-day moving average of $39.68. The firm has a market cap of $3.91 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.72 and a beta of 1.70. Aaron’s has a 1-year low of $13.01 and a 1-year high of $78.65.

Aaron’s (NYSE:AAN) last posted its earnings results on Wednesday, July 29th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.36. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $991.07 million. Aaron’s had a negative net margin of 6.80% and a positive return on equity of 16.23%. Aaron’s’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Research analysts forecast that Aaron’s will post 4.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Wednesday, September 16th. Aaron’s’s dividend payout ratio is 4.11%.

In other Aaron’s news, CEO John W. Robinson sold 136,630 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $51.90, for a total transaction of $7,091,097.00. Following the completion of the transaction, the chief executive officer now owns 202,864 shares of the company’s stock, valued at $10,528,641.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray M. Robinson sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $51.01, for a total transaction of $255,050.00. Following the sale, the director now directly owns 24,793 shares of the company’s stock, valued at approximately $1,264,690.93. The disclosure for this sale can be found here. Insiders have sold 317,710 shares of company stock valued at $17,292,059 in the last ninety days. Insiders own 2.78% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Aaron’s by 2.9% during the first quarter. State Street Corp now owns 2,569,997 shares of the company’s stock valued at $58,645,000 after acquiring an additional 71,844 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of 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 valued at $104,259,000 after acquiring an additional 195,858 shares in the last quarter. FMR LLC increased its position in shares of Aaron’s by 29.3% during the second quarter. FMR LLC now owns 1,970,384 shares of the company’s stock valued at $89,455,000 after acquiring an additional 446,311 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Aaron’s by 17.7% during the second quarter. Stephens Investment Management Group LLC now owns 1,627,706 shares of the company’s stock valued at $73,898,000 after acquiring an additional 245,212 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Aaron’s by 5.4% during the first quarter. Geode Capital Management LLC now owns 988,502 shares of the company’s stock valued at $22,517,000 after acquiring an additional 50,385 shares in the last quarter. 96.56% of the stock is owned by institutional investors.

Aaron’s Company Profile

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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