AAN has been the topic of a number of other reports. Jefferies Group reaffirmed a buy rating and set a $54.00 price objective on shares of Aaron's in a report on Tuesday, December 26th. Zacks Investment Research raised Aaron's from a hold rating to a buy rating and set a $45.00 price objective on the stock in a report on Wednesday, January 10th. Sidoti raised Aaron's from a neutral rating to a buy rating and set a $45.00 price objective on the stock in a report on Wednesday, November 29th. Loop Capital raised Aaron's from a hold rating to a buy rating and set a $42.00 price objective on the stock in a report on Wednesday, November 8th. Finally, ValuEngine raised Aaron's from a hold rating to a buy rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Aaron's has an average rating of Buy and an average target price of $46.36.
Shares of Aaron's (NYSE AAN) opened at $43.40 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.74 and a current ratio of 2.35. The firm has a market capitalization of $3,071.03, a P/E ratio of 16.95 and a beta of 0.20. Aaron's has a 1-year low of $26.12 and a 1-year high of $48.22.
Aaron's declared that its Board of Directors has approved a stock repurchase program on Thursday, February 15th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in AAN. KBC Group NV acquired a new position in shares of Aaron's in the 3rd quarter worth approximately $192,000. Verity Asset Management Inc. acquired a new position in shares of Aaron's in the 4th quarter worth approximately $202,000. ARP Americas LLC acquired a new position in shares of Aaron's in the 3rd quarter worth approximately $209,000. Shelton Capital Management acquired a new position in shares of Aaron's in the 3rd quarter worth approximately $210,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Aaron's in the 2nd quarter worth approximately $211,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.
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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.
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