Price Action Alert: Could Aaron’s, Inc. Change Direction After Today’s Significant Decline?

Price Action Alert: Could Aaron's, Inc. Change Direction After Today's Significant Decline?

The stock of Aaron’s, Inc. (NYSE:AAN) is a huge mover today! About 1.06 million shares traded hands or 112.36% up from the average. Aaron’s, Inc. (NYSE:AAN) has risen 7.83% since March 8, 2016 and is uptrending. It has underperformed by 1.49% the S&P500.
The move comes after 7 months negative chart setup for the $1.69 billion company. It was reported on Oct, 11 by Barchart.com. We have $20.78 PT which if reached, will make NYSE:AAN worth $152.10M less.

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 $34.79M for 12.14 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 7 analysts covering Aaron’s Inc (NYSE:AAN), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Aaron’s Inc has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Cantor Fitzgerald given on Friday, October 30. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Thursday, October 29 report. The stock has “Hold” rating given by Cantor Fitzgerald on Thursday, July 23. The stock of Aaron’s, Inc. (NYSE:AAN) earned “Buy” rating by Cantor Fitzgerald on Friday, August 14. Stifel Nicolaus maintained Aaron’s, Inc. (NYSE:AAN) on Monday, November 2 with “Buy” rating. Raymond James downgraded Aaron’s, Inc. (NYSE:AAN) on Tuesday, September 22 to “Market Perform” rating. The firm has “Buy” rating by Topeka Capital Markets given on Tuesday, May 24. Raymond James upgraded Aaron’s, Inc. (NYSE:AAN) on Tuesday, January 19 to “Strong Buy” rating.

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 is positive, 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.
Retirement Of Alabama last reported 0.06% of its portfolio in the stock. Selway Asset Management holds 1.02% of its portfolio in Aaron’s, Inc. (NYSE:AAN) for 72,900 shares. Royal Commercial Bank Of Canada, a Ontario – Canada-based fund reported 29,195 shares. Ameriprise, a Minnesota-based fund reported 445,576 shares. Moreover, Meeder Asset Management has 0.06% invested in Aaron’s, Inc. (NYSE:AAN) for 27,675 shares. Moreover, Creative Planning has 0% invested in Aaron’s, Inc. (NYSE:AAN) for 2,437 shares. Fuller And Thaler Asset owns 570 shares or 0% of their US portfolio. Trexquant Ltd Partnership reported 30,900 shares or 0.09% of all its holdings. Pub Employees Retirement Association Of Colorado has 14,413 shares for 0% of their US portfolio. Teachers Advsrs Inc, a New York-based fund reported 104,815 shares. Fifth Third Financial Bank holds 512 shares or 0% of its portfolio. Thrivent Financial For Lutherans has 0.05% invested in the company for 478,348 shares. Texas Permanent School Fund last reported 49,507 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 1,410 shares in the company. Ghp reported 20,162 shares or 0.1% of all its holdings.

Insider Transactions: Since August 19, 2016, the stock had 1 buy, and 0 selling transactions for $1.01 million net activity. 40,000 Aaron’s, Inc. (NYSE:AAN) shares with value of $1.01M were bought by Yanker Robert H.

More notable recent Aaron’s, Inc. (NYSE:AAN) news were published by: Prnewswire.com which released: “Aaron’s, Inc. Announces Senior Leadership Team” on January 19, 2016, also Prnewswire.com with their article: “Aaron’s, Inc. Reports First Quarter 2016 Results” published on April 29, 2016, Prnewswire.com published: “Aaron’s, Inc. Reports Second Quarter 2016 Results” on July 29, 2016. More interesting news about Aaron’s, Inc. (NYSE:AAN) were released by: Bizjournals.com and their article: “Loudermilk Cos. to buy Buckhead Village Aaron’s Inc. building” published on October 28, 2015 as well as Prnewswire.com‘s news article titled: “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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