Aaron's, Inc. (AAN) Can’t Burn Your Long Portfolio. Has Another Strong Session

February 15, 2018 - By Louis Casey

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.11, from 1.08 in 2017Q2. It worsened, as 26 investors sold Aaron's, Inc. shares while 92 reduced holdings. 41 funds opened positions while 73 raised stakes. 71.01 million shares or 0.11% less from 71.08 million shares in 2017Q2 were reported.
Weaver C Barksdale And Assoc has 0.02% invested in Aaron's, Inc. (NYSE:AAN) for 387 shares. Fmr Llc holds 4.37M shares. Moreover, Advantus has 0.01% invested in Aaron's, Inc. (NYSE:AAN). Jpmorgan Chase & Co stated it has 0.01% in Aaron's, Inc. (NYSE:AAN). Primecap Management Ca owns 44,000 shares. 1.34 million were reported by Ameriprise Finance. Wedge Management L Limited Partnership Nc invested in 382,406 shares. Lucus Ltd reported 0.49% stake. Geode Cap Management Lc owns 685,979 shares. Oakbrook Invests stated it has 0.01% of its portfolio in Aaron's, Inc. (NYSE:AAN). Skyline Asset Mngmt L P has invested 1.95% in Aaron's, Inc. (NYSE:AAN). Ghp Investment Advsrs Inc accumulated 18,366 shares or 0.12% of the stock. First Pacific Advisors Limited Liability Corp stated it has 617,999 shares. 8,945 were reported by Profund Ltd Limited Liability Company. Sg Americas Secs Lc accumulated 13,629 shares.

Since August 21, 2017, it had 0 buys, and 4 insider sales for $1.82 million activity. 30,000 Aaron's, Inc. (NYSE:AAN) shares with value of $1.30 million were sold by Doman Curtis Linn. 6,776 shares valued at $300,177 were sold by Woodley Ryan K on Monday, August 28.

The stock of Aaron's, Inc. (NYSE:AAN) is a huge mover today! The stock increased 13.28% or $5.355 during the last trading session, reaching $45.685. About 1.51M shares traded or 84.07% up from the average. Aaron's, Inc. (NYSE:AAN) has risen 45.42% since February 15, 2017 and is uptrending. It has outperformed by 28.72% the S&P500.
The move comes after 7 months positive chart setup for the $3.23B company. It was reported on Feb, 15 by Barchart.com. We have $49.80 PT which if reached, will make NYSE:AAN worth $290.97 million more.

Analysts await Aaron's, Inc. (NYSE:AAN) to report earnings on February, 16. They expect $0.55 earnings per share, up 10.00 % or $0.05 from last year’s $0.5 per share. AAN’s profit will be $38.92M for 20.77 P/E if the $0.55 EPS becomes a reality. After $0.43 actual earnings per share reported by Aaron's, Inc. for the previous quarter, Wall Street now forecasts 27.91 % EPS growth.

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

Among 13 analysts covering Aaron’s Inc (NYSE:AAN), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Aaron’s Inc had 33 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by Cantor Fitzgerald to “Hold” on Friday, October 30. Cantor Fitzgerald upgraded Aaron's, Inc. (NYSE:AAN) on Friday, August 14 to “Buy” rating. Stifel Nicolaus maintained Aaron's, Inc. (NYSE:AAN) on Monday, July 31 with “Buy” rating. The stock of Aaron's, Inc. (NYSE:AAN) has “Hold” rating given on Thursday, July 23 by Cantor Fitzgerald. The company was maintained on Friday, December 1 by Northcoast. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 28. Suntrust Robinson upgraded the stock to “Buy” rating in Friday, January 20 report. Raymond James upgraded the stock to “Strong Buy” rating in Friday, November 10 report. The stock has “Buy” rating by Jefferies on Thursday, October 13. Jefferies maintained Aaron's, Inc. (NYSE:AAN) on Tuesday, October 10 with “Buy” rating.

More notable recent Aaron's, Inc. (NYSE:AAN) news were published by: Prnewswire.com which released: “Aaron’s, Inc. Announces Fourth Quarter and Year End 2017 Earnings Call and Webcast” on January 26, 2018, also Finance.Yahoo.com with their article: “Will Aaron’s (AAN) Return to Earnings Beat Trend in Q4?” published on February 12, 2018, Prnewswire.com published: “Aaron’s And Progressive Leasing Unveil Keystone Makeover For Oklahoma City Teens” on January 26, 2018. More interesting news about Aaron's, Inc. (NYSE:AAN) were released by: Digitaljournal.com and their article: “Aaron’s, Inc. to Host Earnings Call” published on February 15, 2018 as well as Prnewswire.com‘s news article titled: “Aaron’s, Inc. Announces New $500 Million Share Repurchase Program” with publication date: February 15, 2018.

AaronÂ’s, Inc. operates an omnichannel well-known provider of lease-purchase solutions. The company has market cap of $3.23 billion. It operates through five divisions: Sales and Lease Ownership, Progressive, DAMI, Franchise, and Manufacturing. It has a 24.08 P/E ratio. The firm engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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