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.
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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