Aaron's, Inc. (NYSE:AAN) insider Robert P. Sinclair, Jr. sold 452 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $49.00, for a total value of $22,148.00. Following the completion of the sale, the insider now owns 12,711 shares of the company’s stock, valued at approximately $622,839. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Aaron's, Inc. (AAN) opened at $48.35 on Wednesday. Aaron's, Inc. has a fifty-two week low of $28.12 and a fifty-two week high of $49.77. The company has a market capitalization of $3,426.06, a price-to-earnings ratio of 19.10 and a beta of 0.07. The company has a current ratio of 2.73, a quick ratio of 0.80 and a debt-to-equity ratio of 0.21.
Aaron's (NYSE:AAN) last announced its earnings results on Thursday, February 15th. The company reported $0.65 EPS for the quarter, beating the 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 business had revenue of $884.60 million during the quarter, compared to the consensus estimate of $871.07 million. During the same period in the prior year, the business posted $0.50 earnings per share. Aaron's’s revenue was up 11.3% compared to the same quarter last year. sell-side analysts anticipate that Aaron's, Inc. will post 3.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders 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 dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 22nd. Aaron's’s dividend payout ratio is 2.96%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. KBC Group NV purchased a new stake in shares of Aaron's during the third quarter valued at $192,000. Shelton Capital Management purchased a new stake in shares of Aaron's during the third quarter valued at $210,000. Verity Asset Management Inc. purchased a new stake in shares of Aaron's during the fourth quarter valued at $202,000. Jefferies Group LLC purchased a new stake in shares of Aaron's during the fourth quarter valued at $211,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Aaron's during the fourth quarter valued at $239,000.
Several analysts have recently weighed in on the company. SunTrust Banks restated a “buy” rating on shares of Aaron's in a report on Friday, February 16th. KeyCorp upped their price objective on Aaron's from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Piper Jaffray Companies upped their price objective on Aaron's from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, February 15th. ValuEngine upgraded Aaron's from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Loop Capital lowered Aaron's from a “buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Aaron's presently has an average rating of “Buy” and a consensus price target of $46.36.
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Aaron's Company Profile
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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