Aaron’s, Inc. (NYSE:AAN)‘s stock had its “buy” rating reaffirmed by Northcoast Research in a research note issued to investors on Monday, July 31st. They presently have a $52.50 target price on the stock, up from their prior target price of $45.00. Northcoast Research’s price target would suggest a potential upside of 20.61% from the company’s current price. Northcoast Research also issued estimates for Aaron’s, ‘s Q3 2017 earnings at $0.58 EPS, Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.59 EPS, Q1 2018 earnings at $0.95 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $3.12 EPS.
Several other brokerages have also recently weighed in on AAN. Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Loop Capital restated a “hold” rating and set a $28.00 target price on shares of Aaron’s, in a report on Sunday, April 23rd. Zacks Investment Research upgraded Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Tuesday, May 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $55.00 target price (up from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Aaron’s, currently has a consensus rating of “Buy” and a consensus price target of $42.50.
Aaron’s, (NYSE:AAN) opened at 43.53 on Monday. The stock has a 50 day moving average of $41.89 and a 200-day moving average of $34.98. Aaron’s, has a 52-week low of $22.37 and a 52-week high of $48.22. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 22.37 and a beta of 0.17.
Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.10. The company had revenue of $815.60 million during the quarter, compared to analysts’ expectations of $786.12 million. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. Aaron’s, ‘s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. On average, analysts forecast that Aaron’s, will post $2.56 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Northcoast Research Reaffirms “Buy” Rating for Aaron’s, Inc. (NYSE:AAN)” was reported by BNB Daily and is owned by of BNB Daily. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.baseball-news-blog.com/2017/08/19/aarons-inc-nyseaan-receives-buy-rating-from-northcoast-research-updated-updated.html.
In related news, CFO Steven A. Michaels sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $46.26, for a total transaction of $231,300.00. Following the completion of the transaction, the chief financial officer now owns 61,095 shares of the company’s stock, valued at approximately $2,826,254.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total value of $691,650.00. Following the transaction, the chief executive officer now directly owns 348,440 shares of the company’s stock, valued at approximately $16,066,568.40. The disclosure for this sale can be found here. 1.93% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC bought a new position in Aaron’s, during the second quarter worth $1,293,000. Cubist Systematic Strategies LLC acquired a new stake in Aaron’s, during the second quarter worth approximately $211,000. State Street Corp raised its stake in Aaron’s, by 6.8% in the second quarter. State Street Corp now owns 2,235,516 shares of the company’s stock worth $86,967,000 after buying an additional 142,599 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in Aaron’s, during the second quarter worth approximately $3,793,000. Finally, Royal Bank of Canada raised its stake in Aaron’s, by 48.3% in the second quarter. Royal Bank of Canada now owns 17,863 shares of the company’s stock worth $695,000 after buying an additional 5,816 shares during the last quarter. 99.83% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Aaron's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.