Somewhat Positive News Coverage Somewhat Unlikely to Affect Aaron’s, (AAN) Share Price

News coverage about Aaron’s, (NYSE:AAN) has been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aaron’s, earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.4247736896738 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Aaron’s, (NYSE:AAN) opened at 43.43 on Friday. The firm has a 50-day moving average of $41.77 and a 200-day moving average of $34.89. The company has a market capitalization of $3.07 billion, a P/E ratio of 22.32 and a beta of 0.17. Aaron’s, has a 52 week low of $22.37 and a 52 week high of $48.22.

Aaron’s, (NYSE:AAN) last announced its quarterly earnings results on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The business had revenue of $815.60 million during the quarter, compared to analysts’ expectations of $786.12 million. During the same period last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts anticipate that Aaron’s, will post $2.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, September 14th. Aaron’s, ‘s dividend payout ratio is presently 5.64%.

AAN has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, May 2nd. Loop Capital restated a “hold” rating and issued a $28.00 target price on shares of Aaron’s, in a research note on Sunday, April 23rd. Stifel Nicolaus restated a “buy” rating and issued a $55.00 target price (up from $40.00) on shares of Aaron’s, in a research note on Sunday, July 30th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Aaron’s, has a consensus rating of “Buy” and a consensus target price of $42.50.

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In related news, CEO John W. Robinson sold 15,000 shares of Aaron’s, stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 348,440 shares in the company, valued at $16,066,568.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven A. Michaels sold 5,000 shares of Aaron’s, stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $46.26, for a total transaction of $231,300.00. Following the completion of the transaction, the chief financial officer now owns 61,095 shares of the company’s stock, valued at approximately $2,826,254.70. The disclosure for this sale can be found here. Insiders own 1.93% of the company’s stock.

About Aaron’s,

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.

Insider Buying and Selling by Quarter for Aaron`s,  (NYSE:AAN)

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