Aaron’s (AAN) Upgraded to Buy at ValuEngine

Share on StockTwits

Aaron’s (NYSE:AAN) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other equities analysts also recently issued reports on the company. Northcoast Research downgraded Aaron’s from a “buy” rating to a “neutral” rating in a report on Tuesday, October 9th. Stifel Nicolaus upped their price target on Aaron’s from $58.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. Loop Capital upped their price target on Aaron’s to $59.00 and gave the company a “buy” rating in a report on Friday, September 21st. Zacks Investment Research raised Aaron’s from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, September 26th. Finally, Raymond James reaffirmed a “buy” rating and issued a $57.00 price target on shares of Aaron’s in a report on Sunday, August 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Aaron’s has a consensus rating of “Buy” and an average price target of $56.10.

Shares of AAN opened at $47.13 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 2.43. The stock has a market capitalization of $3.12 billion, a P/E ratio of 18.41 and a beta of 0.02. Aaron’s has a 12-month low of $34.29 and a 12-month high of $56.00.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.06). The business had revenue of $953.07 million for the quarter, compared to analysts’ expectations of $948.48 million. Aaron’s had a return on equity of 12.22% and a net margin of 8.39%. Analysts expect that Aaron’s will post 3.38 earnings per share for the current year.

In other Aaron’s news, CEO Ryan K. Woodley sold 12,500 shares of the stock in a transaction on Monday, October 29th. The stock was sold at an average price of $45.20, for a total value of $565,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert W. Kamerschen sold 2,000 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $48.02, for a total value of $96,040.00. Following the completion of the transaction, the executive vice president now owns 36,329 shares of the company’s stock, valued at approximately $1,744,518.58. The disclosure for this sale can be found here. Insiders have sold 52,904 shares of company stock valued at $2,579,618 in the last 90 days. Company insiders own 2.28% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Aaron’s in the second quarter valued at $170,000. Private Advisor Group LLC acquired a new stake in shares of Aaron’s during the second quarter valued at $293,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Aaron’s during the second quarter valued at $334,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aaron’s during the first quarter valued at $383,000. Finally, First Hawaiian Bank acquired a new stake in shares of Aaron’s during the third quarter valued at $395,000.

Aaron’s Company Profile

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

Featured Article: Diversification in Your Portfolio

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Aaron`s (NYSE:AAN)

Receive News & Ratings for Aaron's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply