What’s Ahead for Aaron’s, Inc. After Today’s Bullish Options Activity?

 What's Ahead for Aaron's, Inc. After Today's Bullish Options Activity?

In today’s session Aaron’s, Inc. (AAN) registered an unusually high (301) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AAN increase. With 301 contracts traded and 4544 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AAN161118C00025000 closed last at: $0.5 or 42.9% up. About 272,813 shares traded hands. Aaron’s, Inc. (NYSE:AAN) has declined 1.36% since March 30, 2016 and is downtrending. It has underperformed by 4.37% the S&P500.

Analysts await Aaron’s, Inc. (NYSE:AAN) to report earnings on November, 4. They expect $0.47 EPS, up 20.51% or $0.08 from last year’s $0.39 per share. AAN’s profit will be $34.71 million for 13.18 P/E if the $0.47 EPS becomes a reality. After $0.59 actual EPS reported by Aaron’s, Inc. for the previous quarter, Wall Street now forecasts -20.34% negative EPS growth.

Aaron’s, Inc. (NYSE:AAN) Ratings Coverage

Out of 8 analysts covering Aaron’s Inc (NYSE:AAN), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Aaron’s Inc has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, October 13 by Jefferies. Raymond James upgraded the shares of AAN in a report on Tuesday, January 19 to “Strong Buy” rating. The stock of Aaron’s, Inc. (NYSE:AAN) earned “Hold” rating by Cantor Fitzgerald on Thursday, July 23. The stock of Aaron’s, Inc. (NYSE:AAN) has “Sector Weight” rating given on Thursday, October 29 by KeyBanc Capital Markets. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, November 2 report. Cantor Fitzgerald downgraded Aaron’s, Inc. (NYSE:AAN) on Friday, October 30 to “Hold” rating. The rating was upgraded by Cantor Fitzgerald on Friday, August 14 to “Buy”. As per Tuesday, May 24, the company rating was initiated by Topeka Capital Markets. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, September 22.

According to Zacks Investment Research, “Aaron’s, Inc. is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. It is engaged in the lease ownership, lease and retail sale of a variety of products, such as widescreen and LCD televisions, computers, living room and bedroom furniture, and refrigerators The company offers products of various brands, such as JVC, Mitsubishi, Philips, Panasonic, Sony, Dell, Hewlett-Packard, Simmons, Frigidaire, and Sharp. Aaron’s, Inc. is based in Atlanta, Georgia.”

Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.31, from 0.95 in 2016Q1. The ratio improved, as 26 funds sold all Aaron’s, Inc. shares owned while 61 reduced positions. 31 funds bought stakes while 79 increased positions. They now own 65.85 million shares or 6.53% more from 61.81 million shares in 2016Q1.
Weaver C Barksdale And Assocs Inc, a Tennessee-based fund reported 590 shares. Wealth Enhancement Advisory Svcs Ltd Limited Liability Company reported 51,157 shares or 0.2% of all its holdings. Citigroup Incorporated has 0% invested in the company for 21,689 shares. Jpmorgan Chase & has 0% invested in the company for 198,927 shares. Millennium Mngmt Llc reported 267,665 shares or 0.01% of all its holdings. Moreover, California Employees Retirement System has 0.01% invested in Aaron’s, Inc. (NYSE:AAN) for 202,300 shares. Cypress Capital Management (Wy) accumulated 1,250 shares or 0% of the stock. Us Natl Bank De accumulated 90 shares or 0% of the stock. Credit Suisse Ag reported 112,240 shares or 0% of all its holdings. Tudor Et Al, a Connecticut-based fund reported 56,786 shares. Quantbot L P last reported 0.03% of its portfolio in the stock. Northern Corp, a Illinois-based fund reported 1.43 million shares. Prudential Fin Inc holds 60,157 shares or 0% of its portfolio. Blackrock Institutional Tru Comm Na has 2.52M shares for 0.01% of their US portfolio. Shapiro Capital Ltd Co has 598,820 shares for 0% of their US portfolio.

Insider Transactions: Since August 19, 2016, the stock had 1 insider buy, and 0 selling transactions for $1.01 million net activity. Yanker Robert H also bought $1.01M worth of Aaron’s, Inc. (NYSE:AAN) shares.

Aaron’s, Inc. is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The company has a market cap of $1.83 billion. The Company’s operating divisions include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. It has a 13.02 P/E ratio. The Company’s store activities engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.

AAN Company Profile

Aaron’s, Inc. (Aaron’s), incorporated on March 28, 1962, is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating divisions include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store activities engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators. The Company’s stores carry brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Whirlpool, Simmons, Philips, JVC, Sharp and Magnavox. The Firm has approximately 2,040 stores, which consist of over 1,300 Company-operated stores in approximately 30 states, the District of Columbia and Canada, and over 730 independently owned franchised stores in approximately 47 states and Canada.

Another recent and important Aaron’s, Inc. (NYSE:AAN) news was published by Prnewswire.com which published an article titled: “Aaron’s, Inc. Reports First Quarter 2016 Results” on April 29, 2016.

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