Robert W. Kamerschen Sells 1,258 Shares of Aaron’s, Inc. (NYSE:AAN) Stock

Aaron’s, Inc. (NYSE:AAN) EVP Robert W. Kamerschen sold 1,258 shares of Aaron’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $62.00, for a total transaction of $77,996.00. Following the completion of the sale, the executive vice president now owns 32,844 shares in the company, valued at $2,036,328. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Aaron’s stock traded down $0.12 during trading hours on Wednesday, reaching $63.05. The company’s stock had a trading volume of 693,068 shares, compared to its average volume of 584,529. The business’s 50 day simple moving average is $62.49. Aaron’s, Inc. has a one year low of $39.28 and a one year high of $68.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 2.77. The stock has a market cap of $4.30 billion, a PE ratio of 18.76, a P/E/G ratio of 1.08 and a beta of 0.56.

Aaron’s (NYSE:AAN) last posted its earnings results on Thursday, July 25th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Aaron’s had a net margin of 5.20% and a return on equity of 14.48%. The firm had revenue of $968.14 million for the quarter, compared to the consensus estimate of $966.50 million. During the same period in the previous year, the firm posted $0.84 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts anticipate that Aaron’s, Inc. will post 3.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Tuesday, June 18th were issued a $0.035 dividend. The ex-dividend date was Monday, June 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.22%. Aaron’s’s dividend payout ratio (DPR) is presently 4.17%.

Several institutional investors have recently bought and sold shares of AAN. Global Retirement Partners LLC boosted its stake in shares of Aaron’s by 531.9% during the 4th quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Aaron’s during the 1st quarter worth about $28,000. CX Institutional purchased a new position in shares of Aaron’s during the 1st quarter worth about $32,000. Rockefeller Capital Management L.P. purchased a new position in shares of Aaron’s during the 1st quarter worth about $125,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Aaron’s during the 1st quarter worth about $149,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

AAN has been the topic of a number of research reports. Stephens set a $67.00 price target on shares of Aaron’s and gave the company a “buy” rating in a report on Wednesday, June 12th. KeyCorp lifted their price target on shares of Aaron’s from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Aaron’s from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, Loop Capital lifted their price target on shares of Aaron’s to $70.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $68.50.

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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Insider Buying and Selling by Quarter for Aaron`s (NYSE:AAN)

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