Aaron’s Inc. (NYSE:AAN) – Investment analysts at Jefferies Group issued their Q3 2016 earnings per share (EPS) estimates for Aaron’s in a note issued to investors on Thursday. Jefferies Group analyst K. Joseph expects that the brokerage will post earnings of $0.47 per share for the quarter. Jefferies Group has a “Buy” rating and a $30.00 price objective on the stock. Jefferies Group also issued estimates for Aaron’s’ Q4 2016 earnings at $0.48 EPS, FY2016 earnings at $2.24 EPS, Q1 2017 earnings at $0.77 EPS, Q2 2017 earnings at $0.67 EPS, Q3 2017 earnings at $0.52 EPS, Q4 2017 earnings at $0.53 EPS, FY2017 earnings at $2.49 EPS, Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.58 EPS and FY2018 earnings at $2.74 EPS.
A number of other analysts also recently weighed in on AAN. TheStreet raised shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Zacks Investment Research raised shares of Aaron’s from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Aaron’s currently has an average rating of “Buy” and a consensus target price of $29.93.
Aaron’s (NYSE:AAN) opened at 22.76 on Monday. The firm has a 50-day moving average of $24.75 and a 200 day moving average of $24.50. The company has a market cap of $1.66 billion, a PE ratio of 12.43 and a beta of 0.23. Aaron’s has a 52-week low of $20.24 and a 52-week high of $38.85.
Aaron’s (NYSE:AAN) last posted its earnings results on Friday, July 29th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Aaron’s had a net margin of 4.15% and a return on equity of 11.01%. The firm earned $789.40 million during the quarter, compared to analysts’ expectations of $809.16 million. During the same quarter in the prior year, the firm earned $0.61 EPS. Aaron’s’s quarterly revenue was up 2.7% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 2nd were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Wednesday, August 31st. Aaron’s’s dividend payout ratio (DPR) is presently 5.43%.
In related news, Director Robert H. Yanker purchased 40,000 shares of Aaron’s stock in a transaction on Friday, August 19th. The stock was purchased at an average cost of $25.29 per share, with a total value of $1,011,600.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.12% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of AAN. Amalgamated Bank acquired a new position in Aaron’s during the second quarter worth approximately $203,000. Teacher Retirement System of Texas increased its position in Aaron’s by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,128 shares of the company’s stock worth $200,000 after buying an additional 1,108 shares during the last quarter. AMP Capital Investors Ltd acquired a new position in Aaron’s during the first quarter worth approximately $253,000. Suntrust Banks Inc. increased its position in Aaron’s by 4.2% in the second quarter. Suntrust Banks Inc. now owns 10,675 shares of the company’s stock worth $233,000 after buying an additional 433 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in Aaron’s by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,178 shares of the company’s stock worth $245,000 after buying an additional 29 shares during the last quarter. 92.00% of the stock is owned by hedge funds and other institutional investors.
Aaron’s Company Profile
Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.
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