Zacks upgraded shares of Aaron’s (NYSE:AAN) from an underperform rating to a neutral rating in a research note issued to investors on Wednesday, American Banking & Market News reports. The firm currently has $29.30 price target on the stock.
Separately, analysts at Stifel Nicolaus downgraded shares of Aaron’s from a buy rating to a hold rating in a research note to investors on Monday, September 23rd.
Shares of Aaron’s (NYSE:AAN) traded up 0.45% on Wednesday, hitting $28.85. 36,756 shares of the company’s stock traded hands. Aaron’s has a 52-week low of $24.61 and a 52-week high of $32.53. The stock has a 50-day moving average of $28.00 and a 200-day moving average of $28.23. The company has a market cap of $2.200 billion and a price-to-earnings ratio of 16.33.
Aaron’s (NYSE:AAN) last released its earnings data on Friday, October 25th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.49 by $0.09. The company had revenue of $539.50 million for the quarter, compared to the consensus estimate of $549.69 million. During the same quarter last year, the company posted $0.46 earnings per share. Aaron’s's revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Aaron’s will post $1.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 3rd. Investors of record on Monday, December 2nd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Wednesday, November 27th. This is an increase from Aaron’s's previous quarterly dividend of $0.02.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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