Aaron’s, Inc. (NYSE:AAN)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group LLC in a research report issued to clients and investors on Sunday, July 30th. Jefferies Group also issued estimates for Aaron’s, ‘s Q3 2017 earnings at $0.54 EPS, Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.56 EPS, Q1 2018 earnings at $0.89 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.64 EPS and Q4 2018 earnings at $0.66 EPS.

AAN has been the subject of a number of other research reports. BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, May 2nd. Loop Capital reiterated a “hold” rating and set a $28.00 price objective on shares of Aaron’s, in a research report on Sunday, April 23rd. Finally, TheStreet upgraded Aaron’s, from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Three investment 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target of $42.50.

Shares of Aaron’s, (AAN) traded up 0.87% during midday trading on Friday, hitting $45.19. 596,224 shares of the company were exchanged. The company has a 50-day moving average price of $41.12 and a 200-day moving average price of $34.50. Aaron’s, has a 52-week low of $22.37 and a 52-week high of $48.22. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.22 and a beta of 0.17.

Aaron’s, (NYSE:AAN) last released its quarterly earnings results on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.10. The business had revenue of $815.60 million during the quarter, compared to the consensus estimate of $786.12 million. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. On average, analysts forecast that Aaron’s, will post $2.56 EPS for the current year.

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In other Aaron’s, news, CFO Steven A. Michaels sold 5,000 shares of Aaron’s, stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $46.26, for a total value of $231,300.00. Following the completion of the sale, the chief financial officer now owns 61,095 shares in the company, valued at approximately $2,826,254.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Robinson sold 15,000 shares of Aaron’s, stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total value of $691,650.00. Following the completion of the sale, the chief executive officer now 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 owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Hillcrest Asset Management LLC raised its position in Aaron’s, by 8.0% in the first quarter. Hillcrest Asset Management LLC now owns 341,614 shares of the company’s stock valued at $10,160,000 after buying an additional 25,186 shares in the last quarter. North Point Portfolio Managers Corp OH raised its position in Aaron’s, by 1.9% in the first quarter. North Point Portfolio Managers Corp OH now owns 266,254 shares of the company’s stock valued at $7,918,000 after buying an additional 4,870 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in Aaron’s, by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,318 shares of the company’s stock valued at $128,000 after buying an additional 204 shares in the last quarter. ProShare Advisors LLC raised its position in Aaron’s, by 15.0% in the first quarter. ProShare Advisors LLC now owns 239,415 shares of the company’s stock valued at $7,120,000 after buying an additional 31,309 shares in the last quarter. Finally, Palisade Capital Management LLC NJ raised its position in Aaron’s, by 7.1% in the first quarter. Palisade Capital Management LLC NJ now owns 384,098 shares of the company’s stock valued at $11,423,000 after buying an additional 25,595 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Aaron`s,  (NYSE:AAN)

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