The stock of Aaron’s, Inc. (NYSE:AAN) hit a new 52-week high and has $45.59 target or 63.00% above today’s $27.97 share price. The 6 months bullish chart indicates low risk for the $2.05B company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $45.59 price target is reached, the company will be worth $1.29B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 44,588 shares traded hands. Aaron’s, Inc. (NYSE:AAN) has risen 5.13% since April 12, 2016 and is uptrending. It has outperformed by 0.15% the S&P500.
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. $40 is the highest target while $30 is the lowest. The $34.90 average target is 24.78% above today’s ($27.97) stock price. Aaron’s Inc has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Tuesday, January 19 the stock rating was upgraded by Raymond James to “Strong Buy”. Topeka Capital Markets initiated Aaron’s, Inc. (NYSE:AAN) on Tuesday, May 24 with “Buy” rating. The firm has “Buy” rating given on Thursday, October 13 by Jefferies. On Tuesday, September 22 the stock rating was downgraded by Raymond James to “Market Perform”. The firm has “Hold” rating given on Thursday, July 23 by Cantor Fitzgerald. The firm has “Buy” rating given on Friday, August 14 by Cantor Fitzgerald. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, November 2. The company was downgraded on Friday, October 30 by Cantor Fitzgerald. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Thursday, October 29.
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 Q2 2016. 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.
Fifth Third National Bank reported 512 shares or 0% of all its holdings. American Gru has 161,123 shares for 0% of their US portfolio. First Pacific Advsrs Limited Liability Com has invested 0.44% of its portfolio in Aaron’s, Inc. (NYSE:AAN). Tfs Capital Ltd Limited Liability Company holds 0.24% of its portfolio in Aaron’s, Inc. (NYSE:AAN) for 58,810 shares. Moreover, Miles Capital has 0.17% invested in Aaron’s, Inc. (NYSE:AAN) for 11,392 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.01% of its portfolio in Aaron’s, Inc. (NYSE:AAN). Moreover, Barclays Public Ltd Company has 0% invested in Aaron’s, Inc. (NYSE:AAN) for 3,368 shares. Nationwide Fund Advsr has 0.02% invested in the company for 164,993 shares. Moreover, Foundry Ltd Co has 0.18% invested in Aaron’s, Inc. (NYSE:AAN) for 141,305 shares. Teacher Retirement System Of Texas accumulated 9,128 shares or 0% of the stock. Creative Planning owns 2,437 shares or 0% of their US portfolio. State Street Corp has 2.65M shares for 0.01% of their US portfolio. Gru One Trading Ltd Partnership last reported 0% of its portfolio in the stock. Hgk Asset Mngmt holds 0.06% or 19,586 shares in its portfolio. Advisors Asset Mgmt last reported 9,258 shares in the company.
Insider Transactions: Since August 19, 2016, the stock had 1 buy, and 0 sales for $1.01 million net activity. $1.01M worth of Aaron’s, Inc. (NYSE:AAN) shares were bought by Yanker Robert H.
More important recent Aaron’s, Inc. (NYSE:AAN) news were published by: Prnewswire.com which released: “Aaron’s, Inc. Directors Raise Dividend by 10.0%” on November 02, 2016, also Prnewswire.com published article titled: “Aaron’s, Inc. Reports First Quarter 2016 Results”, Prnewswire.com published: “Aaron’s, Inc. Announces Senior Leadership Team” on January 19, 2016. More interesting news about Aaron’s, Inc. (NYSE:AAN) was released by: Prnewswire.com and their article: “Aaron’s, Inc. Reports Fourth Quarter and Year End 2015 Results” with publication date: February 18, 2016.
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.
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