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AAN

Aaron's

$46.21

-1.78 (-3.71%)

12:51
10/25/18
10/25
12:51
10/25/18
12:51

Aaron's earnings miss to 'constrain' valuation, says Loop Capital

Loop Capital analyst Anthony Chukumba lowered his price target for Aaron's to $53 from $59 while keeping a Buy rating on the shares. The analyst says the company's Q3 results were consistent with his bullish investment thesis of "strong" sales and invoice volume per active door growth in Progressive and sequential improvements in the Aaron's Business. However, Aaron's missed the consensus earnings forecast for the second time in the past three quarters, which is likely to "constrain the company's valuation," Chukumba tells investors in a post-earnings research note. The stock in midday trading is down 4%, or $1.97, to $46.09.

  • 25

    Oct

  • 06

    Nov

AAN Aaron's
$46.21

-1.78 (-3.71%)

09/26/18
STFL
09/26/18
NO CHANGE
Target $65
STFL
Buy
Aaron's price target raised to $65 following management meetings at Stifel
After meeting with Aaron's management, Stifel analyst John Baugh said he has modeled FY19 conservatively and he believes that the company's growth on both the top and bottom lines is in a position to accelerate. The potential size of market that exists for retailers, on larger ticket items, to offer a lease-to-own solution as a payment option is potentially overlooked, said Baugh, who raised his price target on Aaron's shares to $65 from $58 and keeps a Buy rating on the stock.
10/09/18
NRCS
10/09/18
DOWNGRADE
NRCS
Neutral
Aaron's downgraded to Neutral from Buy at Northcoast
10/09/18
NRCS
10/09/18
DOWNGRADE
NRCS
Neutral
Aaron's downgraded to Neutral at Northcoast
As previously reported, Northcoast downgraded Aaron's to Neutral from Buy with a $55 price target. Analyst Tim Vierengel believes the positive commentary he is hearing regarding Progressive and the core stores outperforming expectations are already reflected in Aaron's valuation. Further, Vierengel expects Mattress Firm's bankruptcy and store closures will have a "material impact" on Progressive's topline.
10/10/18
LOOP
10/10/18
NO CHANGE
Target $59
LOOP
Buy
Loop Capital 'optimistic' on Aaron's profitability ahead of Q3
Loop Capital analyst Anthony Chukumba kept his Buy rating and $59 price target on Aaron's (AAN) ahead of its Q3 earnings, saying his EPS estimate is 4c ahead of consensus based on his "optimistic profitability expectations". The analyst expects investors to focus on the company's "core business same store revenue growth and profitability, Progressive active door and invoice volume per active door growth, and Progressive's recently announced partnership with Overstock.com (OSTK). Chukumba further states that the implied 14.7-times valuation multiple of his expected FY19 earnings reflects "Progressive's substantial 'white space' opportunity and expectation of sequential improvement in the Aaron's Business".

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