The stock of Aaron’s, Inc. (NYSE:AAN) hit a new 52-week high and has $40.63 target or 40.00% above today’s $29.02 share price. The 8 months bullish chart indicates low risk for the $2.10B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $40.63 price target is reached, the company will be worth $840.00M 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 71,509 shares traded hands. Aaron’s, Inc. (NYSE:AAN) has risen 8.90% since April 19, 2016 and is uptrending. It has outperformed by 5.04% 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 20.26% above today’s ($29.02) stock price. Aaron’s Inc has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by Cantor Fitzgerald to “Hold” on Friday, October 30. Stifel Nicolaus maintained Aaron’s, Inc. (NYSE:AAN) rating on Monday, November 2. Stifel Nicolaus has “Buy” rating and $32.50 price target. Jefferies initiated Aaron’s, Inc. (NYSE:AAN) rating on Thursday, October 13. Jefferies has “Buy” rating and $30 price target. The firm has “Market Perform” rating given on Tuesday, September 22 by Raymond James. The company was initiated on Thursday, July 23 by Cantor Fitzgerald. The firm has “Buy” rating by Cantor Fitzgerald given on Friday, August 14. The firm has “Sector Weight” rating given on Thursday, October 29 by KeyBanc Capital Markets. The stock of Aaron’s, Inc. (NYSE:AAN) earned “Strong Buy” rating by Raymond James on Tuesday, January 19. Topeka Capital Markets initiated the stock with “Buy” rating in Tuesday, May 24 report.
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 1.27 in Q2 2016. Its up 0.01, from 1.26 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.
Lazard Asset Mgmt Lc has 24,400 shares for 0% of their US portfolio. New York State Common Retirement Fund reported 497,380 shares or 0.02% of all its holdings. Cowen holds 0.08% of its portfolio in Aaron’s, Inc. (NYSE:AAN) for 52,126 shares. Mckinley Cap Mgmt Ltd Llc Delaware holds 0% or 150 shares in its portfolio. Kcg Holdg has 0.01% invested in the company for 19,964 shares. Gsa Prtnrs Ltd Liability Partnership, a United Kingdom-based fund reported 157,945 shares. Virginia Retirement Et Al last reported 54,900 shares in the company. The United Kingdom-based Barclays Public Limited Com has invested 0% in Aaron’s, Inc. (NYSE:AAN). Ajo Lp has 0.02% invested in the company for 167,815 shares. Credit Agricole S A holds 0% of its portfolio in Aaron’s, Inc. (NYSE:AAN) for 13,546 shares. Vanguard Group Incorporated last reported 0.01% of its portfolio in the stock. Geode Capital Management Limited Liability Company last reported 438,453 shares in the company. Hgk Asset Mngmt holds 19,586 shares or 0.06% of its portfolio. Cetera Advsr Llc reported 20,776 shares or 0.04% of all its holdings. Skyline Asset Management Ltd Partnership last reported 1.69% of its portfolio in the stock.
Insider Transactions: Since August 19, 2016, the stock had 1 buying transaction, and 0 selling transactions for $1.01 million net activity. Yanker Robert H had bought 40,000 shares worth $1.01M on Friday, August 19.
More notable 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 with their article: “Aaron’s, Inc. Announces Senior Leadership Team” published on January 19, 2016, Prnewswire.com published: “Aaron’s, Inc. Reports First Quarter 2016 Results” on April 29, 2016. More interesting news about Aaron’s, Inc. (NYSE:AAN) were released by: Prnewswire.com and their article: “Aaron’s Hosts Michael Waltrip Family Vacation Sweepstakes Winners At Miami Race” published on November 20, 2016 as well as Prnewswire.com‘s news article titled: “Aaron’s, Inc. Reports Second Quarter 2016 Results” with publication date: July 29, 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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