The CEO of Aaron’s (AAN) is Buying Shares

Yesterday, the CEO of Aaron’s (AAN), Robinson John, bought shares of AAN for $12.6M.

In addition to Robinson John, 4 other AAN executives reported Buy trades in the last month.

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Based on Aaron’s’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.03 billion and quarterly net profit of $68.38 million. In comparison, last year the company earned revenue of $968 million and had a net profit of $42.65 million. The company has a one-year high of $78.65 and a one-year low of $13.01. Currently, Aaron’s has an average volume of 646.40K.

Starting in May 2020, AAN received 15 Buy ratings in a row. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $66.88, reflecting a -22.9% downside. Eight different firms, including Berenberg Bank and Jefferies, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $16.87M worth of AAN shares and purchased $12.6M worth of AAN shares.

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Aaron’s, Inc. retails consumer electronics, computers, residential furniture, household appliances, and accessories. It engages in the lease ownership, lease and retail sale of products such as widescreen and liquid crystal display televisions, computers, living room, dining room and bedroom furniture, washers, dryers, and refrigerators. The company operates through the following business segments: Progressive Leasing, Aaron’s Business and Vive. The Progressive Leasing segment provides lease-purchase solutions on a variety of products, including furniture and appliance, jewelry, mobile phones and accessories, mattress, and automobile electronics and accessories. The Aaron’s Business segment offers furniture, home appliances, consumer electronics and accessories to consumers with a lease-to-own agreement. The Vive segment offers a variety of second-look financing programs originated through third-party federally insured banks to customers of participating merchants and, together with Progressive Leasing, allows the Company to provide retail partners. The company was founded by R. Charles Loudermilk, Sr. in 1955 and is headquartered in Atlanta, GA.

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