News articles about Aaron's (NYSE:AAN) have trended positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Aaron's earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.494058927158 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Insider Selling: Aaron's, Inc. (AAN) Insider Sells 452 Shares of Stock (americanbankingnews.com)
- Aaron's, Inc. (AAN) Insider Robert P. Sinclair, Jr. Sells 1,000 Shares (americanbankingnews.com)
- Aaron's, Inc. (AAN) Director Sells $1,916,899.55 in Stock (americanbankingnews.com)
- Aaron's, Inc. (AAN) Declares $0.03 Quarterly Dividend (americanbankingnews.com)
- Aaron’s, Inc. Directors Declare Dividend (finance.yahoo.com)
Several research analysts have recently weighed in on AAN shares. Zacks Investment Research upgraded Aaron's from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Jefferies Group reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Aaron's in a report on Tuesday, December 26th. Stephens reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Aaron's in a report on Wednesday, January 3rd. Sidoti raised Aaron's from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, November 29th. Finally, Northcoast Research set a $53.00 price objective on Aaron's and gave the stock a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Aaron's presently has a consensus rating of “Buy” and an average price target of $46.36.
Aaron's (NYSE:AAN) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.10. Aaron's had a return on equity of 11.64% and a net margin of 8.65%. The company had revenue of $884.60 million during the quarter, compared to analyst estimates of $871.07 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. Aaron's’s revenue was up 11.3% compared to the same quarter last year. analysts forecast that Aaron's will post 3.41 EPS for the current fiscal year.
Aaron's announced that its board has initiated a stock buyback plan on Thursday, February 15th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.03 per share. 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 presently 5.56%.
In other Aaron's news, insider Robert P. Sinclair, Jr. sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $46.00, for a total transaction of $46,000.00. Following the completion of the sale, the insider now owns 10,021 shares of the company’s stock, valued at $460,966. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert H. Yanker sold 40,195 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $47.69, for a total value of $1,916,899.55. Following the sale, the director now directly owns 8,038 shares of the company’s stock, valued at approximately $383,332.22. The disclosure for this sale can be found here. Insiders have sold 42,647 shares of company stock valued at $2,033,048 in the last three months. 1.93% of the stock is currently owned by corporate insiders.
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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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