Shares of Aaron’s, Inc. (NYSE:AAN) have received a consensus rating of “Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $67.78.
A number of analysts recently weighed in on AAN shares. SunTrust Banks decreased their price objective on Aaron’s from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 21st. Loop Capital restated a “positive” rating and issued a $60.00 price objective on shares of Aaron’s in a report on Monday. KeyCorp decreased their price target on Aaron’s from $88.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Stephens reiterated a “buy” rating and set a $80.00 price target on shares of Aaron’s in a report on Thursday, January 2nd. Finally, TheStreet downgraded Aaron’s from a “b” rating to a “c” rating in a report on Monday.
A number of institutional investors have recently modified their holdings of AAN. Advisory Services Network LLC boosted its position in shares of Aaron’s by 55.9% during the 4th quarter. Advisory Services Network LLC now owns 530 shares of the company’s stock worth $31,000 after purchasing an additional 190 shares in the last quarter. Emerald Advisers LLC bought a new position in shares of Aaron’s during the 4th quarter worth about $36,000. Banque Cantonale Vaudoise bought a new position in Aaron’s in the 4th quarter valued at about $43,000. Chevy Chase Trust Holdings Inc. bought a new position in Aaron’s in the 4th quarter valued at about $43,000. Finally, Penserra Capital Management LLC lifted its position in Aaron’s by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 920 shares of the company’s stock valued at $59,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.
Aaron’s (NYSE:AAN) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.09. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.01 billion. Aaron’s had a return on equity of 14.70% and a net margin of 0.80%. Aaron’s’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 earnings per share. As a group, research analysts predict that Aaron’s will post 3.9 earnings per share for the current fiscal year.
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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