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9200.0
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2017-02-20 00:00:00 UTC
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Aaron's (AAN) Q4 Earnings Beat, Revenues Miss Estimates
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AAN
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https://www.nasdaq.com/articles/aarons-aan-q4-earnings-beat-revenues-miss-estimates-2017-02-20
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nan
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nan
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Aaron's, Inc.AAN maintained positive earnings streak with its fourth-quarter 2016 results beating estimates for the third straight quarter, mainly backed by robust performance at Progressive. However, the company's top line disappointed with a miss recorded for the fourth consecutive quarter.
The lower-than-expected sales led the shares of this Atlanta-based company to fall nearly 8.8% on Feb 17. Further, while the stock has yielded 22.1% in the past one year, it has underperformed the Zacks categorized Retail - Consumer Electronics industry that surged 27.4% in the same period.
The company posted adjusted earnings of 50 cents per share, which outpaced the Zacks Consensus Estimate of 45 cents and also rose 22% from the prior-year quarter. Including one-time items, the company reported earnings of 30 cents per share, which remained flat year over year.
FindTheCompany | Graphiq
Further, this rent-to-own company's top line dropped 3.2% to $795.0 million and also missed the Zacks Consensus Estimate of $819 million. The downside can mainly be attributed to a fall in revenues at the Aaron's Business, lower franchised revenues and a decline in comparable store sales (comps).
Comps at company-operated stores dropped 5.8%, while the customer count on a same-store basis fell 4.2%. At quarter end, the company-operated Aaron's stores had 973,000 customers, reflecting a 6.0% year-over-year decline.
Further, Aaron's franchisee revenues declined 10.3% to $214.0 million in the reported quarter. Comps at the company's franchise stores decreased 7.3%, while same-store customer count declined 2.3%. The franchisees had a customer base of 544,000, representing a 6.4% decline yearover year.
The company's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter increased 9.5% year over year to $73.8 million. In addition, the adjusted EBITDA margin improved 110 basis points (bps) to 9.3% in the quarter.
Segment Details
Aaron's operates through three primary businesses: Aaron's branded lease-to-own stores and Aarons.com; the Progressive virtual lease-to-own business; and Dent-A-Med, Inc. "DAMI". Additionally, management said that its "Core Business" segment will now be referred to as "Aaron's Business" segment, where the operations from the company's branded lease-to-own stores and Aarons.com will be recorded.
Aaron's Business
Aaron's Business' total revenues declined 14.5% to $463.5 million in the reported quarter. Adjusted EBITDA for the Aaron's Business segment was $40.4 million, down from the year-ago figure of $42.9 million. Also, EBITDA margin contracted 90 bps to 7.0%.
On May 13, 2016, the company sold the assets of its HomeSmart unit. Its results for the fourth quarter included HomeSmart revenues of $25.4 million through May 13, which were up 60.8% year over year. Excluding the sale of HomeSmart unit, total revenues for the segment fell 12% in the quarter.
Moreover, lease revenue and fees were down 6% during the quarter, excluding the sale of HomeSmart unit. Non-retail sales also plunged nearly 29.5% in the quarter.
Progressive
Progressive contributed $324.0 million to revenues in the fourth quarter of 2016, marking a 17.3% year-over-year surge.
This was driven by a 36% rise in the number of active doors in the quarter, though invoice volume per active door fell 13%. The segment's EBITDA was $41.7 million for the fourth quarter, compared with $25.5 million in the year-ago quarter. Also, EBITDA margin expanded 370 bps to 12.9%. Progressive had 598,000 customers as of Dec 31, 2016, representing 17% year-over-year growth.
DAMI
Revenues at the DAMI segment were $7.5 million in the reported quarter.
Full-Year Synopsis
For 2016, the company's adjusted earnings came in at $2.30 per share, which surpassed the Zacks Consensus Estimate of $2.26 and grew 7% from 2015. Revenues for the year inched up 0.9% to $3.208 billion but lagged the Zacks Consensus Estimate of $3.231 billion.
Financial Position
Aaron's ended 2016 with cash and cash equivalents of $308.6 million, debt of $497.8 million, and total shareholders' equity of $1,481.6 million.
During 2016, the company generated cash from operations of $465.4 million. In 2016, the company spent approximately $42 million to reward shareholders, through share repurchases and dividends. Aaron's repurchased 1.3 million shares of common stock worth nearly $34.5 million in 2016. Further, the company had an authorization to buy back 9.1 million shares as of Dec 31, 2016.
For 2017, management expects capital expenditures in the band of $60-$80 million.
Store Update
In fourth-quarter 2016, Aaron's shut down 61 Company-operated outlets, while it sold two company-operated stores.
As of Dec 31, 2016, Aaron's had a total of 1,165 company-operated stores and 699 franchised stores. Consequently, the company's total store count at year-end was more than 1,860 stores.
Going forward, management expects to shut down nearly 70 outlets in second-quarter 2017.
Guidance
Overall, Aaron's remains pleased with its performance in 2016 that was backed by solid execution across its omni-channel platform. Going forward, the company remains optimistic of growth potential of its Progressive business, while it continues to focus on initiatives to uplift the performance of its Aaron's business.
Following a solid 2016, management initiated its outlook for 2017. Aaron's expects total revenues (excluding franchisees' revenues) in the range of $3.10-$3.31 billion. Segment-wise, total revenues for Aaron's Business are projected in the band of $1.68-$1.78 billion, including lease revenues of $1.30-$1.40 billion. Further, revenues at Progressive and DAMI segments are estimated in the band of $1.40-$1.50 billion and $25-$35 million, respectively.
In addition, comps at Aaron's Business segment are expected to decline in the range of 8-12%.
The company's adjusted EBITDA is projected in the range of $320−$353 million. On a segmental basis, Aaron's Business adjusted EBITDA is expected in the range of $155−$170 million. Adjusted EBITDA for the Progressive division is guided at $170−$185 million. Moreover, EBITDA at DAMI segment is estimated in the range of negative $2 million - $5 million.
Management anticipates 2017 adjusted earnings in the band of $2.15-2.40 per share, while GAAP earnings are projected in the $1.85-$2.10 range. The Zacks Consensus Estimate for 2017 is currently pegged at $2.38 per share.
Aaron's, Inc. Price, Consensus and EPS Surprise
Aaron's, Inc. Price, Consensus and EPS Surprise | Aaron's, Inc. Quote
Zacks Rank
Aaron's currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the Retail-Wholesale sector include The Children's Place, Inc. PLCE , Genesco Inc. GCO and Zumiez Inc. ZUMZ .
The Children's Place, with a long-term earnings growth rate of 10.3%, has surged 54.3% in the past one year. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Genesco, with a long-term earnings growth rate of 9.5%, has a Zacks Rank #2 (Buy). Also, the stock has posted an average beat of 31.4% in the past four quarters.
Zumiez, a Zacks Rank #2 stock has a long-term earnings growth rate of 15%. Further, the stock has increased 22.5% in the past six months.
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Aaron's, Inc. (AAN): Free Stock Analysis Report
Zumiez Inc. (ZUMZ): Free Stock Analysis Report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Genesco Inc. (GCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN maintained positive earnings streak with its fourth-quarter 2016 results beating estimates for the third straight quarter, mainly backed by robust performance at Progressive. Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Genesco Inc. (GCO): Free Stock Analysis Report To read this article on Zacks.com click here. Further, while the stock has yielded 22.1% in the past one year, it has underperformed the Zacks categorized Retail - Consumer Electronics industry that surged 27.4% in the same period.
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Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Genesco Inc. (GCO): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN maintained positive earnings streak with its fourth-quarter 2016 results beating estimates for the third straight quarter, mainly backed by robust performance at Progressive. Aaron's Business Aaron's Business' total revenues declined 14.5% to $463.5 million in the reported quarter.
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Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Genesco Inc. (GCO): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN maintained positive earnings streak with its fourth-quarter 2016 results beating estimates for the third straight quarter, mainly backed by robust performance at Progressive. Aaron's Business Aaron's Business' total revenues declined 14.5% to $463.5 million in the reported quarter.
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Aaron's, Inc.AAN maintained positive earnings streak with its fourth-quarter 2016 results beating estimates for the third straight quarter, mainly backed by robust performance at Progressive. Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Genesco Inc. (GCO): Free Stock Analysis Report To read this article on Zacks.com click here. Excluding the sale of HomeSmart unit, total revenues for the segment fell 12% in the quarter.
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9201.0
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2017-02-17 00:00:00 UTC
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Oversold Conditions For Aaron's (AAN)
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AAN
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https://www.nasdaq.com/articles/oversold-conditions-aarons-aan-2017-02-17
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 25.8, after changing hands as low as $26.48 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 73.1. A bullish investor could look at AAN's 25.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAN shares:
Looking at the chart above, AAN's low point in its 52 week range is $20.26 per share, with $34.22 as the 52 week high point - that compares with a last trade of $27.07.
According to the ETF Finder at ETF Channel, AAN makes up 2.63% of the PowerShares Dynamic Retail Portfolio ETF (Symbol: PMR) which is trading up by about 0.4% on the day Friday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 25.8, after changing hands as low as $26.48 per share. A bullish investor could look at AAN's 25.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAN shares: Looking at the chart above, AAN's low point in its 52 week range is $20.26 per share, with $34.22 as the 52 week high point - that compares with a last trade of $27.07.
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The chart below shows the one year performance of AAN shares: Looking at the chart above, AAN's low point in its 52 week range is $20.26 per share, with $34.22 as the 52 week high point - that compares with a last trade of $27.07. In trading on Friday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 25.8, after changing hands as low as $26.48 per share. A bullish investor could look at AAN's 25.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Friday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 25.8, after changing hands as low as $26.48 per share. The chart below shows the one year performance of AAN shares: Looking at the chart above, AAN's low point in its 52 week range is $20.26 per share, with $34.22 as the 52 week high point - that compares with a last trade of $27.07. A bullish investor could look at AAN's 25.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Friday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 25.8, after changing hands as low as $26.48 per share. According to the ETF Finder at ETF Channel, AAN makes up 2.63% of the PowerShares Dynamic Retail Portfolio ETF (Symbol: PMR) which is trading up by about 0.4% on the day Friday. A bullish investor could look at AAN's 25.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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9202.0
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2017-02-17 00:00:00 UTC
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Earnings Reaction History: Aaron's Inc, 40.0% Follow-Through Indicator, 6.7% Sensitive
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AAN
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https://www.nasdaq.com/articles/earnings-reaction-history-aarons-inc-400-follow-through-indicator-67-sensitive-2017-02-17
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nan
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nan
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Expected Earnings Release: 02/17/2017, Premarket
Avg. Extended-Hours Dollar Volume: $70,776
Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in AAN indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 50%
Average next regular session additional gain: 3.3%
Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 50.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 3.3%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 66.7%
Average next regular session additional loss: 2.5%
Over that same historical period, when shares of AAN dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.5% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 50% Average next regular session additional gain: 3.3% Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 50.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 3.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 2.5% Over that same historical period, when shares of AAN dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.5% by the following regular session close. Extended-Hours Dollar Volume: $70,776 Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 50% Average next regular session additional gain: 3.3% Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 50.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 3.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 2.5% Over that same historical period, when shares of AAN dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.5% by the following regular session close. Extended-Hours Dollar Volume: $70,776 Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 50% Average next regular session additional gain: 3.3% Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 50.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 3.3%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 2.5% Over that same historical period, when shares of AAN dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.5% by the following regular session close. Extended-Hours Dollar Volume: $70,776 Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $70,776 Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 50% Average next regular session additional gain: 3.3% Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 50.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 3.3%. Historical earnings event related premarket and after-hours trading activity in AAN indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
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9203.0
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2017-02-17 00:00:00 UTC
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Here's Why Aaron's, Inc. Hit the Clearance Rack on Friday
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AAN
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https://www.nasdaq.com/articles/heres-why-aarons-inc-hit-clearance-rack-friday-2017-02-17
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nan
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nan
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What happened
Shares of Aaron's (NYSE: AAN) , a specialty leaser and retailer of furniture, electronics, appliances, and household accessories, fell as much as 12% during Friday's trading session after the company released its fourth-quarter and full-year operating results before the opening bell.
So what
For the quarter, revenue for the company declined by 3.2%, to $795 million, dragged down most by its flagship Aaron's business, which witnessed sales fall by 14.5%, to $463.5 million. On the flip side, the company's Progressive Finance business with virtual customer payment capabilities grew sales by more than 17%, to $324 million.
In terms of profit, Aaron's net earnings totaled $21.6 million, down fractionally from the $21.7 million in the prior-year period. However, on an adjusted basis, the company managed to report $0.50 in earnings per share (EPS), which was a notable improvement from the $0.41 in EPS in Q4 2015. Comparatively, Wall Street's consensus had called for just $0.45 in EPS for Q4 2016, but it also was looking for nearly $815 million in sales. In other words, a mixed bag.
Where Aaron's got thrown on the clearance rack was with its 2017 forecast. Aaron's is projecting $3.1 billion to $3.31 billion in sales and an adjusted full-year profit of $2.15 to $2.40 per share. Wall Street's consensus had been calling for $3.26 billion in sales (right in line with the company's expectations), but a more robust $2.46 per-share profit.
The majority of the blame goes to the company's Aaron's business, which is expected to see same-store sales decline by between 8% and 12%. What's more, the company anticipates closing roughly 70 of its Aaron's stores in the second quarter, but it may continue to evaluate store closures going forward to maximize its profits and lower costs.
Now what
The rent-to-own retailers are an absolute disaster at the moment, with Rent-A-Center also putting up a real stinker of a quarter nearly one month ago.
Aaron's, being predominantly a brick-and-mortar retailer, is struggling with the ongoing rise of e-commerce channels and the lower prices for electronics that these e-commerce retailers can offer given their lower overhead costs. Additionally, even with the U.S. economy improving, consumers seemingly haven't been willing to open up their wallets to spend. Holiday sales for retailers were pretty bad across the board, implying the fickleness of consumer spending habits that pops up from time to time.
On the plus side, Aaron's is fully expecting to remain cash-flow positive, and it has levers it can pull to cut costs until its investments in e-commerce and virtual lease-to-own begin to offset the weakness in its core brick-and-mortar lease-to-own business. The downside to this is that this issue isn't going to resolve itself in a quarter. Aaron's is probably facing a multi-year turnaround, which could provide a material drag on its share price.
Though I would not ignore Aaron's relative "cheapness" here at less than 12 times projected 2017 earnings, I believe investors would be better served watching from the sidelines.
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Sean Williams has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Aaron's (NYSE: AAN) , a specialty leaser and retailer of furniture, electronics, appliances, and household accessories, fell as much as 12% during Friday's trading session after the company released its fourth-quarter and full-year operating results before the opening bell. On the flip side, the company's Progressive Finance business with virtual customer payment capabilities grew sales by more than 17%, to $324 million. Now what The rent-to-own retailers are an absolute disaster at the moment, with Rent-A-Center also putting up a real stinker of a quarter nearly one month ago.
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What happened Shares of Aaron's (NYSE: AAN) , a specialty leaser and retailer of furniture, electronics, appliances, and household accessories, fell as much as 12% during Friday's trading session after the company released its fourth-quarter and full-year operating results before the opening bell. Aaron's is projecting $3.1 billion to $3.31 billion in sales and an adjusted full-year profit of $2.15 to $2.40 per share. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.
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What happened Shares of Aaron's (NYSE: AAN) , a specialty leaser and retailer of furniture, electronics, appliances, and household accessories, fell as much as 12% during Friday's trading session after the company released its fourth-quarter and full-year operating results before the opening bell. So what For the quarter, revenue for the company declined by 3.2%, to $795 million, dragged down most by its flagship Aaron's business, which witnessed sales fall by 14.5%, to $463.5 million. Aaron's, being predominantly a brick-and-mortar retailer, is struggling with the ongoing rise of e-commerce channels and the lower prices for electronics that these e-commerce retailers can offer given their lower overhead costs.
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What happened Shares of Aaron's (NYSE: AAN) , a specialty leaser and retailer of furniture, electronics, appliances, and household accessories, fell as much as 12% during Friday's trading session after the company released its fourth-quarter and full-year operating results before the opening bell. So what For the quarter, revenue for the company declined by 3.2%, to $795 million, dragged down most by its flagship Aaron's business, which witnessed sales fall by 14.5%, to $463.5 million. Comparatively, Wall Street's consensus had called for just $0.45 in EPS for Q4 2016, but it also was looking for nearly $815 million in sales.
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9204.0
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2017-02-17 00:00:00 UTC
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Consumer Sector Update for 02/17/2017: PERF,TRUE,AAN
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AAN
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https://www.nasdaq.com/articles/consumer-sector-update-02172017-perftrueaan-2017-02-17
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nan
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nan
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Top Consumer Stocks
WMT +0.62%
MCD +0.66%
DIS -0.74%
CVS +0.31%
KO 0.00%
Consumer stocks extended their small gains this afternoon, with shares of consumer staples companies in the S&P 500 posting a nearly 0.6% advance while shares of consumer discretionary firms in the S&P 500 were rising almost 0.2%.
In company news, Perfumania Holdings ( PERF ) was moderately lower in late Friday trade, recovering most of its steep slide earlier today that followed reports the retailer had hired advisers to assist with exploring strategic alternatives, including a potential debt restructuring.
The company - which has experienced a drop in customer traffic at malls in recent years - also is looking to meet with its landlords in a bid to exit some of its 313 standalone shops, people familiar with the matter told Reuters.
Perfumania has been trying to turn around its business by promoting e-commerce sales and boosting its technology.
PERF shares were down almost 3% at $1.85 each shortly before Friday's closing bell, giving back a small gain during the past hour after earlier bouncing back from a 13% decline and a session low of $1.65 earlier today.
In other sector news,
(+) TRUE, Narrows adjusted Q4 net loss to $0.01 per share from $0.06 in year-ago period and exceeding analyst mean expecting $0.05 per share net loss. Revenue rises 17% to $74.1 mln, topping $71.32 mln Street view. Projected Q1, FY17 revenue both beat respective consensus estimates.
(-) AAN, Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. Sees FY17 net income between $2.15 to $2.40 per share, lagging Street by at least $0.06 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(-) AAN, Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. In company news, Perfumania Holdings ( PERF ) was moderately lower in late Friday trade, recovering most of its steep slide earlier today that followed reports the retailer had hired advisers to assist with exploring strategic alternatives, including a potential debt restructuring. The company - which has experienced a drop in customer traffic at malls in recent years - also is looking to meet with its landlords in a bid to exit some of its 313 standalone shops, people familiar with the matter told Reuters.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (-) AAN, Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. Revenue rises 17% to $74.1 mln, topping $71.32 mln Street view.
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(-) AAN, Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. Consumer stocks extended their small gains this afternoon, with shares of consumer staples companies in the S&P 500 posting a nearly 0.6% advance while shares of consumer discretionary firms in the S&P 500 were rising almost 0.2%. In other sector news, (+) TRUE, Narrows adjusted Q4 net loss to $0.01 per share from $0.06 in year-ago period and exceeding analyst mean expecting $0.05 per share net loss.
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(-) AAN, Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. In company news, Perfumania Holdings ( PERF ) was moderately lower in late Friday trade, recovering most of its steep slide earlier today that followed reports the retailer had hired advisers to assist with exploring strategic alternatives, including a potential debt restructuring. Revenue rises 17% to $74.1 mln, topping $71.32 mln Street view.
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9205.0
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2017-02-17 00:00:00 UTC
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Consumer Sector Update for 02/17/2017: MCHX,TRUE,AAN
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AAN
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https://www.nasdaq.com/articles/consumer-sector-update-02172017-mchxtrueaan-2017-02-17
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nan
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nan
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Top Consumer Stocks
WMT -0.08%
MCD +0.22%
DIS -0.83%
CVS +0.20%
KO 0.00%
Consumer stocks have turned slightly higher Friday afternoon, with shares of consumer staples companies in the S&P 500 posting a 0.3% gain in recent trade while shares of consumer discretionary firms in the S&P 500 were 0.1% higher, reversing small morning declines.
In company news, Marchex ( MCHX ) declined Friday after the company last night reported a GAAP Q4 net loss of $5.7 million, or $0.14 per share, compared with a $1.2 million year-ago profit. The mobile advertising analytics company swung to FY16 net loss on a GAAP basis, also reversing a bottom-line profit during the prior-year period.
Excluding one-time items, however, the net loss for the three months ended Dec. 31 increased to $0.04 per share from a $0.03 per share adjusted net loss during the same quarter last year but still beating the $0.06 per share net loss Wall Street was expecting. Q1 GAAP revenue fell almost 23% from year-ago levels to $28.4 million, also topping the $26.06 million Capital IQ consensus.
Marchex is projecting at least $22.5 million in revenue for its Call Marketplace media product during the three months ending March 31, trailing the $25.65 million consensus. It also is modeling an adjusted Q1 net loss before interest, taxes, depreciation and amortization of between $3.0 million to $3.5 million, which includes up to $1.5 million in expected restructuring costs.
MCHX shares were down over 8% at $2.82 each in recent trade, previously dropping to a session low of $2.75 a share.
In other sector news,
(+) TRUE, (+9.2%) Narrows adjusted Q4 net loss to $0.01 per share from $0.06 in year-ago period and exceeding analyst mean expecting $0.05 per share net loss. Revenue rises 17% to $74.1 mln, topping $71.32 mln Street view. Projected Q1, FY17 revenue both beat respective consensus estimates.
(-) AAN, (-10.6%) Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. Sees FY17 net income between $2.15 to $2.40 per share, lagging Street by at least $0.06 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(-) AAN, (-10.6%) Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. In company news, Marchex ( MCHX ) declined Friday after the company last night reported a GAAP Q4 net loss of $5.7 million, or $0.14 per share, compared with a $1.2 million year-ago profit. The mobile advertising analytics company swung to FY16 net loss on a GAAP basis, also reversing a bottom-line profit during the prior-year period.
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(-) AAN, (-10.6%) Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. In company news, Marchex ( MCHX ) declined Friday after the company last night reported a GAAP Q4 net loss of $5.7 million, or $0.14 per share, compared with a $1.2 million year-ago profit. Excluding one-time items, however, the net loss for the three months ended Dec. 31 increased to $0.04 per share from a $0.03 per share adjusted net loss during the same quarter last year but still beating the $0.06 per share net loss Wall Street was expecting.
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(-) AAN, (-10.6%) Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. In company news, Marchex ( MCHX ) declined Friday after the company last night reported a GAAP Q4 net loss of $5.7 million, or $0.14 per share, compared with a $1.2 million year-ago profit. Excluding one-time items, however, the net loss for the three months ended Dec. 31 increased to $0.04 per share from a $0.03 per share adjusted net loss during the same quarter last year but still beating the $0.06 per share net loss Wall Street was expecting.
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(-) AAN, (-10.6%) Q4 net sales fall 3.2% to $794.95 mln, missing the $814.8 mln Capital IQ consensus and upstaging above-consensus $0.50 per share Q4 profit. In company news, Marchex ( MCHX ) declined Friday after the company last night reported a GAAP Q4 net loss of $5.7 million, or $0.14 per share, compared with a $1.2 million year-ago profit. Q1 GAAP revenue fell almost 23% from year-ago levels to $28.4 million, also topping the $26.06 million Capital IQ consensus.
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9206.0
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2017-02-14 00:00:00 UTC
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Rent-A-Center (RCII) Posts Narrower-than-Expected Q4 Loss
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AAN
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https://www.nasdaq.com/articles/rent-a-center-rcii-posts-narrower-than-expected-q4-loss-2017-02-14
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nan
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nan
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Rent-A-Center, Inc.RCII posted fourth-quarter 2016 loss of 23 cents a share that fared a penny better than the Zacks Consensus Estimate but fell substantially from earnings of 54 cents delivered in the year-ago period. Total revenue of $684.1 million declined 13.8% year over year and also came below the respective estimate of $688.2 million, marking the sixth straight quarter of sales miss.
Aggressive promotional activity, high delinquencies and recovery issues from technical snags and outages that occurred in the preceding quarter impacted the company's final quarter results. Total revenue tumbled due to decline witnessed across the Core U.S., Acceptance Now, Mexico, and Franchising segments. The company's waning top line and bottom line have been weighing on the stock's performance.
Shares of this rent-to-own operator have underperformed the Zacks categorized industry in the past six months. In the period, the stock has declined 33.1%, while the Consumer Services - Miscellaneous industry has decreased 8.9%.
Delving Deeper
Revenue from the Acceptance Now segment dipped 1.7% from the prior-year quarter figure to $193.5 million.
Revenue from the Core U.S. segment slumped 17.6% to $472.9 million, owing to continued store base rationalization and dismal comps.
The Mexico segment's revenue came in at $11.4 million, down 23.9% year over year - attributable to foreign currency headwinds, store closures and lower comps. Finally, total Franchising revenue plunged 23.2% to $6.2 million during the quarter.
Rent-A-Center's adjusted EBITDA margin shriveled 780 basis points to 1.5%.
Store Update
At the end of the quarter, there was 2,463 Core U.S. locations, 1,431 Acceptance Now Staffed stores, 478 Acceptance Now Direct stores, 130 stores in Mexico and 229 Franchise stores.
Rent-A-Center Inc. Price, Consensus and EPS Surprise
Rent-A-Center Inc. Price, Consensus and EPS Surprise | Rent-A-Center Inc. Quote
Other Financial Aspects
Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $95.4 million and net Senior debt of $186.7 million. The company lowered outstanding debt balance by $233.8 million in 2016. During 2016, the company generated $353.7 million as cash from operations, while incurring capital expenditures of $61.1 million.
Currently, Rent-A-Center carries a Zacks Rank #4 (Sell).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Rent-A-Center Inc. (RCII): Free Stock Analysis Report
Aaron's, Inc. (AAN): Free Stock Analysis Report
AeroCentury Corp. (ACY): Free Stock Analysis Report
McGrath RentCorp (MGRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rent-A-Center Inc. Price, Consensus and EPS Surprise Rent-A-Center Inc. Price, Consensus and EPS Surprise | Rent-A-Center Inc. Quote Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $95.4 million and net Senior debt of $186.7 million. Click to get this free report Rent-A-Center Inc. (RCII): Free Stock Analysis Report Aaron's, Inc. (AAN): Free Stock Analysis Report AeroCentury Corp. (ACY): Free Stock Analysis Report McGrath RentCorp (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Total revenue tumbled due to decline witnessed across the Core U.S., Acceptance Now, Mexico, and Franchising segments.
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Rent-A-Center Inc. Price, Consensus and EPS Surprise Rent-A-Center Inc. Price, Consensus and EPS Surprise | Rent-A-Center Inc. Quote Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $95.4 million and net Senior debt of $186.7 million. Click to get this free report Rent-A-Center Inc. (RCII): Free Stock Analysis Report Aaron's, Inc. (AAN): Free Stock Analysis Report AeroCentury Corp. (ACY): Free Stock Analysis Report McGrath RentCorp (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Rent-A-Center Inc. Price, Consensus and EPS Surprise Rent-A-Center Inc. Price, Consensus and EPS Surprise | Rent-A-Center Inc. Quote Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $95.4 million and net Senior debt of $186.7 million. Click to get this free report Rent-A-Center Inc. (RCII): Free Stock Analysis Report Aaron's, Inc. (AAN): Free Stock Analysis Report AeroCentury Corp. (ACY): Free Stock Analysis Report McGrath RentCorp (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. The Best Place to Start Your Stock Search Today, you are invited to download the full list of 220 Zacks Rank #1 """"Strong Buy"""" stocks - absolutely free of charge.
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Rent-A-Center Inc. Price, Consensus and EPS Surprise Rent-A-Center Inc. Price, Consensus and EPS Surprise | Rent-A-Center Inc. Quote Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $95.4 million and net Senior debt of $186.7 million. Click to get this free report Rent-A-Center Inc. (RCII): Free Stock Analysis Report Aaron's, Inc. (AAN): Free Stock Analysis Report AeroCentury Corp. (ACY): Free Stock Analysis Report McGrath RentCorp (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. The Mexico segment's revenue came in at $11.4 million, down 23.9% year over year - attributable to foreign currency headwinds, store closures and lower comps.
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9207.0
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2017-02-08 00:00:00 UTC
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Noteworthy Wednesday Option Activity: AAN, TCS, KO
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AAN
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity-aan-tcs-ko-2017-02-08
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's Inc (Symbol: AAN), where a total of 3,314 contracts have traded so far, representing approximately 331,400 underlying shares. That amounts to about 43.7% of AAN's average daily trading volume over the past month of 757,615 shares. Especially high volume was seen for the $29 strike put option expiring February 17, 2017 , with 2,960 contracts trading so far today, representing approximately 296,000 underlying shares of AAN. Below is a chart showing AAN's trailing twelve month trading history, with the $29 strike highlighted in orange:
Container Store Group, Inc (Symbol: TCS) options are showing a volume of 1,253 contracts thus far today. That number of contracts represents approximately 125,300 underlying shares, working out to a sizeable 42.1% of TCS's average daily trading volume over the past month, of 297,935 shares. Especially high volume was seen for the $5 strike put option expiring February 17, 2017 , with 460 contracts trading so far today, representing approximately 46,000 underlying shares of TCS. Below is a chart showing TCS's trailing twelve month trading history, with the $5 strike highlighted in orange:
And Coca-Cola Co (Symbol: KO) saw options trading volume of 50,339 contracts, representing approximately 5.0 million underlying shares or approximately 41.4% of KO's average daily trading volume over the past month, of 12.2 million shares. Particularly high volume was seen for the $41 strike put option expiring February 17, 2017 , with 15,120 contracts trading so far today, representing approximately 1.5 million underlying shares of KO. Below is a chart showing KO's trailing twelve month trading history, with the $41 strike highlighted in orange:
For the various different available expirations for AAN options , TCS options , or KO options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $29 strike put option expiring February 17, 2017 , with 2,960 contracts trading so far today, representing approximately 296,000 underlying shares of AAN. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's Inc (Symbol: AAN), where a total of 3,314 contracts have traded so far, representing approximately 331,400 underlying shares. That amounts to about 43.7% of AAN's average daily trading volume over the past month of 757,615 shares.
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Especially high volume was seen for the $29 strike put option expiring February 17, 2017 , with 2,960 contracts trading so far today, representing approximately 296,000 underlying shares of AAN. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's Inc (Symbol: AAN), where a total of 3,314 contracts have traded so far, representing approximately 331,400 underlying shares. That amounts to about 43.7% of AAN's average daily trading volume over the past month of 757,615 shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's Inc (Symbol: AAN), where a total of 3,314 contracts have traded so far, representing approximately 331,400 underlying shares. That amounts to about 43.7% of AAN's average daily trading volume over the past month of 757,615 shares. Especially high volume was seen for the $29 strike put option expiring February 17, 2017 , with 2,960 contracts trading so far today, representing approximately 296,000 underlying shares of AAN.
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Especially high volume was seen for the $29 strike put option expiring February 17, 2017 , with 2,960 contracts trading so far today, representing approximately 296,000 underlying shares of AAN. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's Inc (Symbol: AAN), where a total of 3,314 contracts have traded so far, representing approximately 331,400 underlying shares. That amounts to about 43.7% of AAN's average daily trading volume over the past month of 757,615 shares.
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9208.0
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2017-01-30 00:00:00 UTC
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Why Rent-A-Center Inc (RCII) Stock Is Jumping Today
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AAN
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https://www.nasdaq.com/articles/why-rent-a-center-inc-rcii-stock-is-jumping-today-2017-01-30
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nan
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nan
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InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips
Rent-A-Center Inc (NASDAQ: RCII ) stock is surging Monday after one of its large stakeholders suggested the company sell itself.
Source: Wikipedia
Glenn Welling and firm Engaged Capital said that the company's best option at the moment is to consider a sale of the whole thing, or even of its parts. Welling and co. hold a 12.9% stake on Rent-A-Center.
The investor said in a securities filing that he has been in talks with the company's management team and board regarding what the future may hold for it, including some options on how to proceed with the financial difficulties that have struck the company. These include restructuring its capital allocation, strategy and board.
A source close to the matter spoke at length of Rent-A-Center, discussing that it is believed the company is a business with a high cash flow, and a low-growth business. It would work best as a private company, according to the source.
The stock has dipped about 75% over the last two years due to several quarterly earnings reports that underwhelmed, as well as some mistakes that have held the company behind.
One publicly-traded furniture and electronics renting company that could be interested in acquiring Rent-A-Center could be Aaron's, Inc. (NYSE: AAN ). However, it is believed that such a move is not as feasible as investors would like.
RCII shares grew 6% Monday.
More From InvestorPlace
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7 "New Industrial" Stocks to Bore You to the Bank
The post Why Rent-A-Center Inc (RCII) Stock Is Jumping Today appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One publicly-traded furniture and electronics renting company that could be interested in acquiring Rent-A-Center could be Aaron's, Inc. (NYSE: AAN ). Source: Wikipedia Glenn Welling and firm Engaged Capital said that the company's best option at the moment is to consider a sale of the whole thing, or even of its parts. The stock has dipped about 75% over the last two years due to several quarterly earnings reports that underwhelmed, as well as some mistakes that have held the company behind.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. One publicly-traded furniture and electronics renting company that could be interested in acquiring Rent-A-Center could be Aaron's, Inc. (NYSE: AAN ). InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips Rent-A-Center Inc (NASDAQ: RCII ) stock is surging Monday after one of its large stakeholders suggested the company sell itself.
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One publicly-traded furniture and electronics renting company that could be interested in acquiring Rent-A-Center could be Aaron's, Inc. (NYSE: AAN ). InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips Rent-A-Center Inc (NASDAQ: RCII ) stock is surging Monday after one of its large stakeholders suggested the company sell itself. The investor said in a securities filing that he has been in talks with the company's management team and board regarding what the future may hold for it, including some options on how to proceed with the financial difficulties that have struck the company.
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One publicly-traded furniture and electronics renting company that could be interested in acquiring Rent-A-Center could be Aaron's, Inc. (NYSE: AAN ). InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips Rent-A-Center Inc (NASDAQ: RCII ) stock is surging Monday after one of its large stakeholders suggested the company sell itself. Welling and co. hold a 12.9% stake on Rent-A-Center.
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9209.0
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2017-01-21 00:00:00 UTC
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3 Stocks Hit Hard By Downgrades This Week
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AAN
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https://www.nasdaq.com/articles/3-stocks-hit-hard-downgrades-week-2017-01-21
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nan
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nan
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Image source: Getty Images.
After President Donald Trump's inaugural speech, the markets managed a small rally Friday with the Dow Jones Industrial Average and S&P 500 clinging to narrow weekly gains of 0.48% and 0.34%, respectively. While much of the speech was rhetoric that we've already heard, it was made fairly clear that, by Monday, we'll see actions in terms of executive orders that will set the tone for the administration. Keep an eye out for that!
Oil futures climbed on Friday and for the week, with March WTI crude remaining in the middle of January's rough range of between $52 and $54. In other news, here are a handful of stocks that got hit due to downgrades.
Renting not wanted
Aaron's Inc. (NYSE: AAN) , a rent-to-own retailer, was hit fairly hard Thursday with the stock trading about 10% lower before recovering some of that loss on Friday after it was downgraded from strong buy to market perform by Raymond James analysts.
Two reasons formed the cornerstone of the downgrade: valuation and a poor preliminary result from competitor Rent-A-Center . More specifically, analyst Budd Bugatch noted that the stock had nearly reached his prior price target of $34. However, in my opinion, with a forward price-to-earnings ratio of 11.7 based on forward estimates per Morningstar, it hardly seems out of control.
But his second reason for the downgrade points to Rent-A-Center's preliminary results -- which is certainly reason for concern. It reported its comparable sales at its Core U.S. business fell 14.2%, while comparable sales at its Acceptance Now stores were down 1% to 2%. (The store counts are roughly evenly split between the two.)
Rent-A-Center's profitability is also expected to take a big hit, but some of that is due to its POS management switchover and continuing issues, so that won't necessarily extrapolate to Aaron's woes -- but weak comparable-store sales give reason for caution heading forward.
Ecommerce taking a toll?
Shares of GNC Holdings Inc. (NYSE: GNC) had a rough Thursday, trading nearly 17% lower for the day, and hardly recovering any of those losses on Friday. Similar to Aaron's, the issue was an analyst downgrade. Goldman Sachs' Stephen Tanal downgraded GNC to sell from neutral, and slashed his price target from $12 per share down to $8 per share.
GNC has been on a downward spiral since about 2014, forcing the company to change its business strategy. It cut prices meaningfully across about half its products and discontinued its Gold Card loyalty program. Even if this works -- and to what degree -- it's going to take some time. We'll have to wait and see.
Color me skeptical, as well, in regards to a permanent turnaround. Personally, as someone who has purchased supplements online for a decade, there was never any draw for me to visit GNC and its overpriced products. It's always been cheaper to purchase online -- a trend we're seeing across many industries in this e-commerce era. Maybe its price cuts can help turn things around and maybe not. What you can't argue is that the growth story has stalled.
GNC data by YCharts .
Sticking with the theme
While we're at it, we might as well cover TransDigm Group Incorporated 's(NYSE: TDG) struggle on Friday. Shares of the airplane parts and components supplier finished about 10% lower Friday after Citron Research released a pretty harsh note on the company, calling it "the Valeant of the Aerospace Industry." Ouch! And if you aren't aware of Valeant, just Google "Valeant implosion," and you'll likely find all necessary reading materials.
This is really a tough stock to gauge, especially throwing in the Donald Trump factor. The company has a solid business and boasts margins that trounce its closest competitors. However, that's an issue, as TransDigm generates roughly one-third of its sales from defense -- with those aforementioned bloated margins -- it could put a target on the company from Trump noting defense companies are overcharging for products. On the other hand, perhaps Trump has bigger fish to fry. Morningstar Analyst Chris Higgins notes that "TransDigm's defense sales represent about 0.15% of the $590 billion-plus annual U.S. defense budget."
TransDigm has a strong business and economic moat based on its extensive knowledge base on how to build commercial aircraft parts to code. Once on board, the aircraft manufacturers would be reluctant to remove TransDigm's parts in favor of a less proven competitor. However, TransDigm's business strategy uses significant balance-sheet leverage to acquire many companies, which is a risk investors have to accept.
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Daniel Miller has no position in any stocks mentioned. The Motley Fool owns shares of and recommends TransDigm Group. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Renting not wanted Aaron's Inc. (NYSE: AAN) , a rent-to-own retailer, was hit fairly hard Thursday with the stock trading about 10% lower before recovering some of that loss on Friday after it was downgraded from strong buy to market perform by Raymond James analysts. Rent-A-Center's profitability is also expected to take a big hit, but some of that is due to its POS management switchover and continuing issues, so that won't necessarily extrapolate to Aaron's woes -- but weak comparable-store sales give reason for caution heading forward. Shares of the airplane parts and components supplier finished about 10% lower Friday after Citron Research released a pretty harsh note on the company, calling it "the Valeant of the Aerospace Industry."
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Renting not wanted Aaron's Inc. (NYSE: AAN) , a rent-to-own retailer, was hit fairly hard Thursday with the stock trading about 10% lower before recovering some of that loss on Friday after it was downgraded from strong buy to market perform by Raymond James analysts. Shares of GNC Holdings Inc. (NYSE: GNC) had a rough Thursday, trading nearly 17% lower for the day, and hardly recovering any of those losses on Friday. Morningstar Analyst Chris Higgins notes that "TransDigm's defense sales represent about 0.15% of the $590 billion-plus annual U.S. defense budget."
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Renting not wanted Aaron's Inc. (NYSE: AAN) , a rent-to-own retailer, was hit fairly hard Thursday with the stock trading about 10% lower before recovering some of that loss on Friday after it was downgraded from strong buy to market perform by Raymond James analysts. However, that's an issue, as TransDigm generates roughly one-third of its sales from defense -- with those aforementioned bloated margins -- it could put a target on the company from Trump noting defense companies are overcharging for products. 10 stocks we like better than TransDigm Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Renting not wanted Aaron's Inc. (NYSE: AAN) , a rent-to-own retailer, was hit fairly hard Thursday with the stock trading about 10% lower before recovering some of that loss on Friday after it was downgraded from strong buy to market perform by Raymond James analysts. More specifically, analyst Budd Bugatch noted that the stock had nearly reached his prior price target of $34. Shares of GNC Holdings Inc. (NYSE: GNC) had a rough Thursday, trading nearly 17% lower for the day, and hardly recovering any of those losses on Friday.
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9210.0
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2017-01-20 00:00:00 UTC
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Consumer Sector Update for 01/20/2017: ACCO,AAN,HLF
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AAN
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https://www.nasdaq.com/articles/consumer-sector-update-01202017-accoaanhlf-2017-01-20
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nan
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Top Consumer Stocks
WMT -0.81%
MCD -0.09%
DIS +0.31%
CVS -1.39%
KO +0.19%
Consumer stocks were ending with narrow gains this afternoon, with shares of consumer staples companies in the S&P 500 increasing almost 0.4% while shares of consumer discretionary firms in the S&P 500 still were ahead by about 0.1%.
In company news, ACCO Brands ( ACCO ) was back near its break-even mark for Friday's session after the office and school products company this afternoon said it has now received all of the approvals from competition authorities needed to complete its upcoming acquisition of the Esselte Group, setting the stage for the $333 million cash purchase of the office supply company to close early next month.
The company cautioned the transaction remains subject to certain closing conditions. Once complete, ACCO Brands plans to combine Esselte with its existing European operations.
ACCO shares were down about 0.6% in late trade at $12.18 apiece, bouncing back from a mid-day session low of $12.00 a share.
In other sector news,
(+) AAN, SunTrust upgrade to Buy from Hold.
(-) HLF, Lowers outlook for FY17 EPS to $4.20 to $4.60 from $4.60 to $5.00 a share, trailing the $4.68 per share consensus. SEC also asks for documents tied to the company's anti-corruption compliance in China.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) AAN, SunTrust upgrade to Buy from Hold. In company news, ACCO Brands ( ACCO ) was back near its break-even mark for Friday's session after the office and school products company this afternoon said it has now received all of the approvals from competition authorities needed to complete its upcoming acquisition of the Esselte Group, setting the stage for the $333 million cash purchase of the office supply company to close early next month. Once complete, ACCO Brands plans to combine Esselte with its existing European operations.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news, (+) AAN, SunTrust upgrade to Buy from Hold. In company news, ACCO Brands ( ACCO ) was back near its break-even mark for Friday's session after the office and school products company this afternoon said it has now received all of the approvals from competition authorities needed to complete its upcoming acquisition of the Esselte Group, setting the stage for the $333 million cash purchase of the office supply company to close early next month.
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In other sector news, (+) AAN, SunTrust upgrade to Buy from Hold. Consumer stocks were ending with narrow gains this afternoon, with shares of consumer staples companies in the S&P 500 increasing almost 0.4% while shares of consumer discretionary firms in the S&P 500 still were ahead by about 0.1%. In company news, ACCO Brands ( ACCO ) was back near its break-even mark for Friday's session after the office and school products company this afternoon said it has now received all of the approvals from competition authorities needed to complete its upcoming acquisition of the Esselte Group, setting the stage for the $333 million cash purchase of the office supply company to close early next month.
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In other sector news, (+) AAN, SunTrust upgrade to Buy from Hold. Consumer stocks were ending with narrow gains this afternoon, with shares of consumer staples companies in the S&P 500 increasing almost 0.4% while shares of consumer discretionary firms in the S&P 500 still were ahead by about 0.1%. In company news, ACCO Brands ( ACCO ) was back near its break-even mark for Friday's session after the office and school products company this afternoon said it has now received all of the approvals from competition authorities needed to complete its upcoming acquisition of the Esselte Group, setting the stage for the $333 million cash purchase of the office supply company to close early next month.
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9211.0
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2017-01-20 00:00:00 UTC
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Consumer Sector Update for 01/20/2017: PG,AAN,HLF
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AAN
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https://www.nasdaq.com/articles/consumer-sector-update-01202017-pgaanhlf-2017-01-20
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nan
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nan
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Top Consumer Stocks
WMT -0.70%
MCD +0.30%
DIS +0.24%
CVS -0.63%
KO +0.30%
Consumer stocks were posting moderate gains Friday afternoon, with shares of consumer staples companies in the S&P 500 increasing over 0.4% while shares of consumer discretionary firms in the S&P 500 were advancing about 0.2%.
In company news, Procter & Gamble Co ( PG ) advanced Friday after the consumer products conglomerate today reported fiscal Q2 net income beating analyst estimates and raising its forecast for organic sales growth.
Excluding one-time items, the company earned $1.08 per share during the three months ended Dec. 31, improving on a $1.04 per share non-GAAP profit during the same quarter last year and topping the Capital IQ consensus by $0.02 per share. Net sales slipped 0.3% compared with last year to $16.86 billion, narrowly exceeding the $16.77 billion Street view.
P&G increased its projections for FY17 organic growth to a new range of 2% to 3% from a previous view expecting around 2% growth. It also reaffirmed its in-line FY17 outlook expecting adjusted per-share earnings to rise by the mid-single percentage digits over a $3.67-per-share profit last year, suggesting adjusted EPS of $3.81 to $3.93 with little change from its $65.17 billion in FY16 net sales. Analysts, on average, are expecting the company to earn $3.85 per share, ex items, on $65.17 billion in sales.
PG shares were up almost 3% at $86.91 each, easing from a session high of $87.80 a share earlier today.
In other sector news,
(+) AAN, (+3.8%) SunTrust upgrade to Buy from Hold.
(-) HLF, (-0.1%) Lowers outlook for FY17 EPS to $4.20 to $4.60 from $4.60 to $5.00 a share, now trailing the $4.68 per share consensus. SEC also asks for documents tied to the company's anti-corruption compliance in China.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In other sector news, (+) AAN, (+3.8%) SunTrust upgrade to Buy from Hold. In company news, Procter & Gamble Co ( PG ) advanced Friday after the consumer products conglomerate today reported fiscal Q2 net income beating analyst estimates and raising its forecast for organic sales growth. It also reaffirmed its in-line FY17 outlook expecting adjusted per-share earnings to rise by the mid-single percentage digits over a $3.67-per-share profit last year, suggesting adjusted EPS of $3.81 to $3.93 with little change from its $65.17 billion in FY16 net sales.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news, (+) AAN, (+3.8%) SunTrust upgrade to Buy from Hold. In company news, Procter & Gamble Co ( PG ) advanced Friday after the consumer products conglomerate today reported fiscal Q2 net income beating analyst estimates and raising its forecast for organic sales growth.
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In other sector news, (+) AAN, (+3.8%) SunTrust upgrade to Buy from Hold. Consumer stocks were posting moderate gains Friday afternoon, with shares of consumer staples companies in the S&P 500 increasing over 0.4% while shares of consumer discretionary firms in the S&P 500 were advancing about 0.2%. In company news, Procter & Gamble Co ( PG ) advanced Friday after the consumer products conglomerate today reported fiscal Q2 net income beating analyst estimates and raising its forecast for organic sales growth.
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In other sector news, (+) AAN, (+3.8%) SunTrust upgrade to Buy from Hold. In company news, Procter & Gamble Co ( PG ) advanced Friday after the consumer products conglomerate today reported fiscal Q2 net income beating analyst estimates and raising its forecast for organic sales growth. Excluding one-time items, the company earned $1.08 per share during the three months ended Dec. 31, improving on a $1.04 per share non-GAAP profit during the same quarter last year and topping the Capital IQ consensus by $0.02 per share.
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9212.0
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2017-01-20 00:00:00 UTC
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Noteworthy Friday Option Activity: MPC, HYH, AAN
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AAN
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity-mpc-hyh-aan-2017-01-20
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Marathon Petroleum Corp. (Symbol: MPC), where a total of 36,822 contracts have traded so far, representing approximately 3.7 million underlying shares. That amounts to about 64% of MPC's average daily trading volume over the past month of 5.8 million shares. Especially high volume was seen for the $42.50 strike put option expiring February 17, 2017 , with 22,939 contracts trading so far today, representing approximately 2.3 million underlying shares of MPC. Below is a chart showing MPC's trailing twelve month trading history, with the $42.50 strike highlighted in orange:
Halyard Health Inc (Symbol: HYH) saw options trading volume of 1,268 contracts, representing approximately 126,800 underlying shares or approximately 45.7% of HYH's average daily trading volume over the past month, of 277,240 shares. Particularly high volume was seen for the $40 strike call option expiring February 17, 2017 , with 1,251 contracts trading so far today, representing approximately 125,100 underlying shares of HYH. Below is a chart showing HYH's trailing twelve month trading history, with the $40 strike highlighted in orange:
And Aaron's Inc (Symbol: AAN) options are showing a volume of 3,122 contracts thus far today. That number of contracts represents approximately 312,200 underlying shares, working out to a sizeable 44% of AAN's average daily trading volume over the past month, of 709,625 shares. Especially high volume was seen for the $32 strike put option expiring February 17, 2017 , with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of AAN. Below is a chart showing AAN's trailing twelve month trading history, with the $32 strike highlighted in orange:
For the various different available expirations for MPC options , HYH options , or AAN options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $32 strike put option expiring February 17, 2017 , with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of AAN. Below is a chart showing HYH's trailing twelve month trading history, with the $40 strike highlighted in orange: And Aaron's Inc (Symbol: AAN) options are showing a volume of 3,122 contracts thus far today. That number of contracts represents approximately 312,200 underlying shares, working out to a sizeable 44% of AAN's average daily trading volume over the past month, of 709,625 shares.
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Below is a chart showing HYH's trailing twelve month trading history, with the $40 strike highlighted in orange: And Aaron's Inc (Symbol: AAN) options are showing a volume of 3,122 contracts thus far today. That number of contracts represents approximately 312,200 underlying shares, working out to a sizeable 44% of AAN's average daily trading volume over the past month, of 709,625 shares. Especially high volume was seen for the $32 strike put option expiring February 17, 2017 , with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of AAN.
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Below is a chart showing HYH's trailing twelve month trading history, with the $40 strike highlighted in orange: And Aaron's Inc (Symbol: AAN) options are showing a volume of 3,122 contracts thus far today. That number of contracts represents approximately 312,200 underlying shares, working out to a sizeable 44% of AAN's average daily trading volume over the past month, of 709,625 shares. Especially high volume was seen for the $32 strike put option expiring February 17, 2017 , with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of AAN.
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Especially high volume was seen for the $32 strike put option expiring February 17, 2017 , with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of AAN. Below is a chart showing HYH's trailing twelve month trading history, with the $40 strike highlighted in orange: And Aaron's Inc (Symbol: AAN) options are showing a volume of 3,122 contracts thus far today. That number of contracts represents approximately 312,200 underlying shares, working out to a sizeable 44% of AAN's average daily trading volume over the past month, of 709,625 shares.
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9213.0
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2017-01-19 00:00:00 UTC
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Why GNC Holdings, Aaron's, and Dean Foods Slumped Today
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AAN
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https://www.nasdaq.com/articles/why-gnc-holdings-aarons-and-dean-foods-slumped-today-2017-01-19
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nan
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nan
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The stock market lost ground on Thursday, as investors sent the Dow Jones Industrials below the level at which the average began the year. Losses for the S&P 500 and Nasdaq Composite were modest at around a third of a percent, but they reflected a downbeat attitude among investors, who are struggling to predict what's likely to happen on the political and macroeconomic fronts for the remainder of the year and beyond.
In addition, there was some bad news from individual companies that had a negative effect on sentiment, and GNC Holdings (NYSE: GNC) , Aaron's (NYSE: AAN) , and Dean Foods (NYSE: DF) were among the worst performers on the day. Below, we'll look more closely at these stocks to tell you why they did so poorly.
Image source: GNC Holdings.
GNC looks less healthy
GNC Holdings finished the day down 17% after analysts at Goldman Sachs downgraded the seller of nutritional supplements and other health-related products. Goldman reduced its rating on GNC stock from neutral to sell, cutting its price target by a third, to just $8 per share. The analyst company believes that GNC's efforts to restructure itself in its brand relaunch create risk that results won't be as strong as the company hopes.
For its part, GNC has been confident that eliminating multiple pricing structures, mobile-friendly innovation, and better customer-service efforts will all help regain customers' trust. With fourth-quarter results due in early February, investors will soon get initial signs of whether GNC's strategy will pay off.
Aaron's falls off
Aaron's dropped 10% in the wake of a downgrade. Analysts at Raymond James cut their rating on the rent-to-own specialist from strong buy to market perform, citing recent share-price gains that had sent the stock soaring by nearly a third since the end of October.
In addition, industry rival Rent-A-Center issued preliminary guidance for the fourth quarter, shocking investors by saying that it expects a loss due to plunging comparable-store sales at its core U.S. locations. Company-specific technology issues were part of Rent-A-Center's problems, but Aaron's investors believe that some of the problems have to do with the tough conditions in the current retail environment, and those could hurt Aaron's just as badly as its peers.
Dean Foods gives back some ground
Finally, Dean Foods dropped almost 7%. The egg and diary specialist got downgraded by analysts at Bernstein, cutting their rating on the stock from outperform to market perform and leaving their $22 per-share price target on the stock unchanged. Dean has also climbed dramatically in recent months, rising by a third during the fourth quarter of 2016 as business conditions strengthened and investors speculated that the company could benefit greatly from corporate tax reform. Yet investors seemed comfortable giving back some of those gains, and potential fundamental challenges, like rising costs for raw materials and falling demand for brand-name milk products, could weigh on earnings.
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Dan Caplinger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, there was some bad news from individual companies that had a negative effect on sentiment, and GNC Holdings (NYSE: GNC) , Aaron's (NYSE: AAN) , and Dean Foods (NYSE: DF) were among the worst performers on the day. Analysts at Raymond James cut their rating on the rent-to-own specialist from strong buy to market perform, citing recent share-price gains that had sent the stock soaring by nearly a third since the end of October. In addition, industry rival Rent-A-Center issued preliminary guidance for the fourth quarter, shocking investors by saying that it expects a loss due to plunging comparable-store sales at its core U.S. locations.
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In addition, there was some bad news from individual companies that had a negative effect on sentiment, and GNC Holdings (NYSE: GNC) , Aaron's (NYSE: AAN) , and Dean Foods (NYSE: DF) were among the worst performers on the day. Analysts at Raymond James cut their rating on the rent-to-own specialist from strong buy to market perform, citing recent share-price gains that had sent the stock soaring by nearly a third since the end of October. Dean Foods gives back some ground Finally, Dean Foods dropped almost 7%.
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In addition, there was some bad news from individual companies that had a negative effect on sentiment, and GNC Holdings (NYSE: GNC) , Aaron's (NYSE: AAN) , and Dean Foods (NYSE: DF) were among the worst performers on the day. The egg and diary specialist got downgraded by analysts at Bernstein, cutting their rating on the stock from outperform to market perform and leaving their $22 per-share price target on the stock unchanged. 10 stocks we like better than GNC Holdings When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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In addition, there was some bad news from individual companies that had a negative effect on sentiment, and GNC Holdings (NYSE: GNC) , Aaron's (NYSE: AAN) , and Dean Foods (NYSE: DF) were among the worst performers on the day. Aaron's falls off Aaron's dropped 10% in the wake of a downgrade. 10 stocks we like better than GNC Holdings When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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9214.0
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2017-01-11 00:00:00 UTC
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AAN Crosses Above Average Analyst Target
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AAN
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https://www.nasdaq.com/articles/aan-crosses-above-average-analyst-target-2017-01-11
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nan
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nan
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In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.44/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 7 different analyst targets contributing to that average for Aaron's Inc, but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $27.50. And then on the other side of the spectrum one analyst has a target as high as $36.00. The standard deviation is $3.107.
But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Aaron's Inc:
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on AAN - FREE .
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.44/share. But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.44/share. But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.44/share. But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.44/share. But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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9215.0
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2017-01-05 00:00:00 UTC
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Harnessing Volatility in a Mid-Cap Growth Stock
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AAN
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https://www.nasdaq.com/articles/harnessing-volatility-mid-cap-growth-stock-2017-01-05
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nan
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nan
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Aaron's Inc . ( AAN ) had quite a year in 2016; over the last 12 months, its share price increased by nearly 43%. Not bad for a brick-and-mortar retailer, albeit a specialty retailer.
The company operates a chain of more than 2,000 stores that provides lease-to-own furniture, electronics, appliances and other miscellaneous items. It also earns lesser amounts of revenue on retail and non-retail sales, franchise fees and royalties, as well as interest on loan receivables.
It enjoys a high predictability rating from GuruFocus, 4.5 (out of 5) Stars, and is on the Undervalued Predictable screener . This predictability means it has consistently delivered increased earnings year after year, suggesting it is likely to deliver higher share prices if held for the medium- or long-term and is unlikely to experience capital losses over an extended term.
But predictability is hardly the word that comes to mind when looking at its price chart over the past three years:
Yet, there is a way to own Aaron's and still sleep at night, while at the same time having an opportunity to enjoy enhanced dividends and capital gains: protective puts.
What is a protective put?
A put is a contract between a buyer and a seller and functions like an auto or home insurance policy. In this case, the seller guarantees a floor price on a stock; in other words, if the share price drops below a predetermined level, the seller makes up the difference to the buyer. To get this protection against capital losses, the buyer pays a premium or fee. The seller acts like an insurance company and the buyer acts like a home owner.
When an investor buys puts to protect against losses in a specific stock, he or she is buying protective puts. If the stock and puts (both in units of 100) are bought at the same time, it is called a married put.
Brokers ensure that investors who take the risk side of these contracts (the sellers) maintain enough capital to cover any potential claims.
In summary, a protective put is a contract with another investor, one who acts like an insurance company and takes on risk in exchange for a premium.
What's wrong with a cost-free stop or trailing stop?
Both stops and trailing stops also provide protection at no cost. Why not use them? Stops and trailing stops work well--when a stock price moves down gradually.
But when a stock declines in a hurry, or gaps down, a sell order may not find a buyer until it drops well below the investor's target price. A dramatic example of this occurred during the Flash Crash of May 6, 2010, when the Dow Jones Industrial Average plunged more than 1,000 points and then rebounded to nearly its previous value in just a quarter of an hour. Many investors were stopped out at very low prices, thus kicking off a long round of angry negotiations and litigation.
To some extent, that danger can be offset by using a limited stop, which takes a stop order off the market once the stock drops to a second target price.
Stops and trailing stops, as well as limited stops, are commonly used but provide less robust and less certain risk management than puts.
Why Aaron's?
Why choose Aaron's as a stock with which to use put options? Quite simply, it has potential to grow and reward investors with capital gains. It is also an optionable stock; not all stocks are.
The potential comes primarily from its earnings power--it has a 4.5 Star rating for predictability in the GuruFocus system. This means it has consistently grown its earnings year over year, and share prices will need to adjust upward to keep up with the earnings.
Of course, the share price is not likely to go up smoothly (assuming it does rise). As the chart shows, this stock has experienced gap-downs in recent months, indicating a highly volatile stock. Volatility means lots of share price fluctuations, fluctuations that might not be palatable without the protection of put options.
A volatile stock with excellent earnings growth provides opportunities for capital gains, for investors who can manage the risk.
Puts for Aaron's
For the sake of argument, let's suppose we buy 100 shares of Aaron's at $32 each, for a total of $3,200. To that we will add one contract (made up of 100 units) of $32 puts expiring on May 19, 2017, for $310. This is an overview of the investor's position after completing the transactions:
The investor owns 100 shares of Aaron's, bought at $32, and has the right to put or sell those shares to the option seller for $32. At any time before May 19, the investor has the right to sell his or her shares for $32, regardless of how far up or down the stock price moves. Normally, an investor only exercises this right when the stock price falls below the contract (strike) price.
Creating a table like the one above helps investors develop and execute a plan to preserve their capital.
What happens if. . .
If the price of the stock goes up, the value and price of the put options go down. If held long enough and the price goes up enough, if will decline to zero. It is worth noting that the price of a put generally decreases more slowly than the stock increases in price (for more on this topic, read about option deltas). Often this means an investor comes out ahead because the amount of the share price increase is greater than the loss on the put, which can be sold back into the market.
Note that if the investor does nothing and allows the puts to expire, the maximum loss is the original cost of the put: $3.10 for each or $310 for a contract of 100 (not including transaction costs).
If the price of the stock stays about the same until the expiration date (in this case, May 19, 2017), the option will simply expire worthless. This means the investor is out of pocket the amount invested in protecting the share price. The loss here is capped as well: the original cost of the puts.
If the price of the stock goes down, and especially if it goes down dramatically, then the value and price of the put options go up. An investor can then exercise or sell the options at a profit. Once again, the investor's loss is capped; it cannot exceed the cost of the puts and transaction fees.
An investor who uses protective puts can quantify the extent of his or her potential losses.
Selling or exercising puts
Twice in the past few months, Aaron's has flirted with lows near $20, well below the current levels of about $32. Suppose it happens again, the stock declines to $20 before the puts expire. The investor can then:
Exercise the puts: This involves placing an order with a broker. The broker then passes the order to a clearing house, which randomly selects a put seller to buy back the options at the previously agreed price ($32). Few investors, at least retail investors, take this route since it tends to take longer and cost more (in brokerage fees).
Selling the puts: This involves selling some or all the options in the open market through a simple sell order. Assuming there is reasonably good volume, the puts should sell within seconds and the proceeds will go into the investor's brokerage account. On lesser-traded names (such as Aaron's, compared with Apple ( AAPL ), for example), investors will want to watch for advantageous price spreads.
Knowing when a gapping stock has hit bottom is impossible, so investors often settle for the next best thing: selling their put options near the end of a gap-day, or after some technical analysis event. In the chart below, for example, there is a 50-day moving average (blue line) and a 200-day moving average (red line):
In this example, the investor might sell his or her puts if the share price falls below the 50-day average or the 200-day average. Some might sell when or if the 50-day average crosses below the 200-day average (a bearish cross). A host of other technical indicators can be applied to identify action points; most investors arrive at their own through a combination of knowledge and experience.
Investors working with options will want to start with an exit strategy, which in this case will involve setting a price or dynamic technical event. To implement the exit strategy, exercise or sell the option(s).
The proceeds
Whether the puts are exercised or sold, an investor will receive about $870 cash in his or her brokerage account ($1,200 - $310 - $20 = $870):
In turn, that means capital gains begin to accrue at any price around $26.60. If, for example, the share price rises to $32 again, an investor has a capital gain of $5.40 per share or 20.3%. On the other hand, an investor who simply rode the share price down and back up again would not begin accruing gains until the share price hit $32.
The dividend yield would also increase. On Dec. 8, Aaron's paid a quarterly dividend of 0.027 cents, which works out to 10.8 cents on an annualized basis. That represents a yield of 0.34% on a share price of $32. But, 10.8 cents on a cost basis of $26.60 provides a yield of 0.41%, again a significant increase.
When opportunities arise, put options can enhance capital gains and dividends, as well as provide downside protection.
Conclusion
As Warren Buffett ( Trades , Portfolio) and countless others have counselled, "Don't lose money."
Normally, that is taken with a grain of salt, as most investors think avoiding losses might be possible for Buffett or another guru, but is beyond the reach of everyone else.
Yet, buying put options, in the same way we buy home or auto insurance, can minimize losses for all investors.
As a bonus, you might say, it also offers opportunities to enhance capital gains and dividends for everyday investors.
Disclosure: I do not own shares in any of the companies listed in this article, nor do I expect to buy any in the next 72 hours.
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This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( AAN ) had quite a year in 2016; over the last 12 months, its share price increased by nearly 43%. But predictability is hardly the word that comes to mind when looking at its price chart over the past three years: Yet, there is a way to own Aaron's and still sleep at night, while at the same time having an opportunity to enjoy enhanced dividends and capital gains: protective puts. Knowing when a gapping stock has hit bottom is impossible, so investors often settle for the next best thing: selling their put options near the end of a gap-day, or after some technical analysis event.
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( AAN ) had quite a year in 2016; over the last 12 months, its share price increased by nearly 43%. This predictability means it has consistently delivered increased earnings year after year, suggesting it is likely to deliver higher share prices if held for the medium- or long-term and is unlikely to experience capital losses over an extended term. But predictability is hardly the word that comes to mind when looking at its price chart over the past three years: Yet, there is a way to own Aaron's and still sleep at night, while at the same time having an opportunity to enjoy enhanced dividends and capital gains: protective puts.
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( AAN ) had quite a year in 2016; over the last 12 months, its share price increased by nearly 43%. When an investor buys puts to protect against losses in a specific stock, he or she is buying protective puts. This is an overview of the investor's position after completing the transactions: The investor owns 100 shares of Aaron's, bought at $32, and has the right to put or sell those shares to the option seller for $32.
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( AAN ) had quite a year in 2016; over the last 12 months, its share price increased by nearly 43%. At any time before May 19, the investor has the right to sell his or her shares for $32, regardless of how far up or down the stock price moves. If the price of the stock goes up, the value and price of the put options go down.
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9216.0
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2016-12-09 00:00:00 UTC
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AAN Crosses Above Average Analyst Target
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AAN
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https://www.nasdaq.com/articles/aan-crosses-above-average-analyst-target-2016-12-09
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In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.54/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 7 different analyst targets contributing to that average for Aaron's Inc, but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $27.50. And then on the other side of the spectrum one analyst has a target as high as $36.00. The standard deviation is $3.107.
But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Aaron's Inc:
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on AAN - FREE .
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.54/share. But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.54/share. But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.54/share. But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of Aaron's Inc (Symbol: AAN) have crossed above the average analyst 12-month target price of $32.21, changing hands for $32.54/share. But the whole reason to look at the average AAN price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAN crossing above that average target price of $32.21/share, investors in AAN have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $32.21 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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9217.0
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2016-12-07 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for December 08, 2016
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-december-08-2016-2016-12-07
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on December 08, 2016. A cash dividend payment of $0.027 per share is scheduled to be paid on January 03, 2017. Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 8% increase over prior dividend payment. At the current stock price of $30.26, the dividend yield is .36%.
The previous trading day's last sale of AAN was $30.26, representing a -0.1% decrease from the 52 week high of $30.29 and a 49.51% increase over the 52 week low of $20.24.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). AAN's current earnings per share, an indicator of a company's profitability, is $1.91. Zacks Investment Research reports AAN's forecasted earnings growth in 2016 as 5.12%, compared to an industry average of -3.5%.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAN through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAN as a top-10 holding:
SPDR Series Trust SPDR Homebuilders ETF ( XHB )
PowerShares XTF: Dynamic Market Portfolio ( PWC )
PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
The top-performing ETF of this group is PRFZ with an increase of 13% over the last 100 days. XHB has the highest percent weighting of AAN at 1.44%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). Zacks Investment Research reports AAN's forecasted earnings growth in 2016 as 5.12%, compared to an industry average of -3.5%. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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The following ETF(s) have AAN as a top-10 holding: SPDR Series Trust SPDR Homebuilders ETF ( XHB ) PowerShares XTF: Dynamic Market Portfolio ( PWC ) PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on December 08, 2016.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAN Dividend History page. The following ETF(s) have AAN as a top-10 holding: SPDR Series Trust SPDR Homebuilders ETF ( XHB ) PowerShares XTF: Dynamic Market Portfolio ( PWC ) PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ( PRFZ ).
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. AAN's current earnings per share, an indicator of a company's profitability, is $1.91. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on December 08, 2016.
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9218.0
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2016-11-21 00:00:00 UTC
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Interesting AAN Put Options For January 2017
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AAN
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https://www.nasdaq.com/articles/interesting-aan-put-options-january-2017-2016-11-21
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Investors in Aaron's Inc (Symbol: AAN) saw new options become available today, for the January 2017 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new January 2017 contracts and identified the following put contract of particular interest.
The put contract at the $28.00 strike price has a current bid of 5 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $28.00, but will also collect the premium, putting the cost basis of the shares at $27.95 (before broker commissions). To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $29.25/share today.
Because the $28.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 0.18% return on the cash commitment, or 1.09% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Aaron's Inc, and highlighting in green where the $28.00 strike is located relative to that history:
The implied volatility in the put contract example above is 56%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $29.25) to be 38%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Aaron's Inc (Symbol: AAN) saw new options become available today, for the January 2017 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new January 2017 contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $29.25/share today.
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Investors in Aaron's Inc (Symbol: AAN) saw new options become available today, for the January 2017 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new January 2017 contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $29.25/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new January 2017 contracts and identified the following put contract of particular interest. Investors in Aaron's Inc (Symbol: AAN) saw new options become available today, for the January 2017 expiration. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $29.25/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new January 2017 contracts and identified the following put contract of particular interest. Investors in Aaron's Inc (Symbol: AAN) saw new options become available today, for the January 2017 expiration. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $29.25/share today.
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9219.0
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2016-11-11 00:00:00 UTC
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YieldBoost Aaron's From 0.4% To 11.6% Using Options
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AAN
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https://www.nasdaq.com/articles/yieldboost-aarons-04-116-using-options-2016-11-11
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Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the May 2017 covered call at the $29 strike and collect the premium based on the $1.55 bid, which annualizes to an additional 11.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 11.6% annualized rate in the scenario where the stock is not called away. Any upside above $29 would be lost if the stock rises there and is called away, but AAN shares would have to advance 7.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 13.7% return from this trading level, in addition to any dividends collected before the stock was called.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Aaron's Inc, looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
Below is a chart showing AAN's trailing twelve month trading history, with the $29 strike highlighted in red:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the May 2017 covered call at the $29 strike gives good reward for the risk of having given away the upside beyond $29. ( Do most options expire worthless? This and six other common options myths debunked ). We calculate the trailing twelve month volatility for Aaron's Inc (considering the last 253 trading day closing values as well as today's price of $26.91) to be 38%. For other call options contract ideas at the various different available expirations, visit the AAN Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Friday, the put volume among S&P 500 components was 1.04M contracts, with call volume at 1.74M, for a put:call ratio of 0.59 so far for the day. Compared to the long-term median put:call ratio of .65, that represents high call volume relative to puts; in other words, buyers are showing a preference for calls in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing AAN's trailing twelve month trading history, with the $29 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the May 2017 covered call at the $29 strike gives good reward for the risk of having given away the upside beyond $29. Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the May 2017 covered call at the $29 strike and collect the premium based on the $1.55 bid, which annualizes to an additional 11.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 11.6% annualized rate in the scenario where the stock is not called away. Any upside above $29 would be lost if the stock rises there and is called away, but AAN shares would have to advance 7.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 13.7% return from this trading level, in addition to any dividends collected before the stock was called.
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Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the May 2017 covered call at the $29 strike and collect the premium based on the $1.55 bid, which annualizes to an additional 11.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 11.6% annualized rate in the scenario where the stock is not called away. Any upside above $29 would be lost if the stock rises there and is called away, but AAN shares would have to advance 7.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 13.7% return from this trading level, in addition to any dividends collected before the stock was called. Below is a chart showing AAN's trailing twelve month trading history, with the $29 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the May 2017 covered call at the $29 strike gives good reward for the risk of having given away the upside beyond $29.
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Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the May 2017 covered call at the $29 strike and collect the premium based on the $1.55 bid, which annualizes to an additional 11.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 11.6% annualized rate in the scenario where the stock is not called away. Any upside above $29 would be lost if the stock rises there and is called away, but AAN shares would have to advance 7.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 13.7% return from this trading level, in addition to any dividends collected before the stock was called. In the case of Aaron's Inc, looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the May 2017 covered call at the $29 strike and collect the premium based on the $1.55 bid, which annualizes to an additional 11.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 11.6% annualized rate in the scenario where the stock is not called away. Below is a chart showing AAN's trailing twelve month trading history, with the $29 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the May 2017 covered call at the $29 strike gives good reward for the risk of having given away the upside beyond $29. For other call options contract ideas at the various different available expirations, visit the AAN Stock Options page of StockOptionsChannel.com.
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9220.0
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2016-11-01 00:00:00 UTC
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Aaron's (AAN) Tops Q3 Earnings, Lags Revenues; Stock Up
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AAN
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https://www.nasdaq.com/articles/aarons-aan-tops-q3-earnings-lags-revenues-stock-up-2016-11-01
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Aaron's Inc.AAN posted third-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Shares of this Atlanta-based company have gained 9.2% since the earnings release. Both earnings and revenues witnessed a year-over-year improvement.
FindTheCompany | Graphiq
This rent-to-own company's adjusted earnings of 50 cents per share outpaced the Zacks Consensus Estimate of 47 cents and surged 28.2% from the prior-year quarter. Including one-time items, the company reported earnings of 40 cents per share, reflecting a 21.2% year-over-year increase.
Aaron's top line improved 0.2% to $769 million, mainly backed by revenue growth at the company's Progressive division. However, its total revenue fell short of the Zacks Consensus Estimate of $784 million.
Comparable store sales (comps) at company-operated stores dropped 4.6%, while the customer count, on a same-store basis, slipped 1.6%. Comps at the company's franchise stores inched up 0.4% but same-store customer count registered a rise of 0.3%. At quarter end, the company's self-operated stores had 981,000 customers, reflecting a 1.9% year-over-year decline. The franchisees had a customer base of 542,000, representing a 4.1% year-over-year fall.
The company's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter increased 23.2% year over year to $76.4 million. Further, the adjusted EBITDA margin improved 180 basis points (bps) to 9.9% in the quarter.
Segment Details
Core Business
Aaron's core business' sales fell 9.5% to $454.1 million in the reported quarter. Adjusted EBITDA for the core business segment was $40.4 million, down 7.6% year over year, while EBITDA margin expanded 20 bps to 8.9%.
On May 13, 2016, the company sold the assets of its HomeSmart unit. Its results for the third quarter included HomeSmart revenues of $25.4 million through May 13, which were up 68.2% year over year.
Progressive
Progressive contributed $308.4 million to revenues in the third quarter of 2016, marking a 15.9% year-over-year surge. This was driven by a 28% rise in the number of active doors in the quarter, though invoice volume per active door fell 13%. The segment's EBITDA was $37.2 million for the third quarter, compared with $18.3 million in the year-ago quarter. Also, EBITDA margin expanded 520 bps to 12.1%. Progressive had 540,000 customers as of Sep 30, 2016, representing 12% year-over-year growth. We note that Progressive acquired DAMI in Oct 2015, which contributed revenues of $6.5 million in the third quarter.
Financial Position
Aaron's ended the quarter with cash and cash equivalents of $319.5 million, debt of $496.2 million, and total shareholders' equity of $1,457.1 million.
During the first nine months of 2016, it generated cash from operations of $460.5 million.
In the third quarter of 2016, Aaron's repurchased 1,372,700 shares of common stock worth nearly $34.5 million. As of Sep 30, 2016, the company had an authorization to buy back 9,123,721 more shares.
Store Update
Aaron's consolidated or shuttered five Company-operated Aaron's Sales & Lease Ownership stores, four franchised Aaron's Sales & Lease Ownership stores, and one franchised HomeSmart store. It sold three company-operated stores to franchisees which were consolidated with existing outlets, and purchased 15 franchised stores.
As of Sep 30, 2016, Aaron's had a total of 1,228 company-operated stores and 703 franchised Sales & Lease Ownership stores. Consequently, the company operated over 1,930 stores in total as of quarter end.
AARONS INC Price, Consensus and EPS Surprise
AARONS INC Price, Consensus and EPS Surprise | AARONS INC Quote
Guidance
While Progressive performed exceedingly well in the reported quarter, the company's core division continues to remain challenging. Nonetheless, the company remains on track with its cost-management and inventory control activities, alongside undertaking efforts to rightsize its store base. In this regard, the company closed about 56 stores by the end of October, and anticipates closing more stores in 2017. Management expects these activities to support the performance of its core business and place it well for long-term profitability.
Following the quarter, management updated its outlook for 2016, based on ongoing business trends, store closure strategies and restructuring costs.
Segment-wise, the company expects comps for the core segment in the range of negative 5% to negative 3% for the remainder of 2016. Earlier comps were projected to come in the range of negative 3% to flat for 2016.
The company's adjusted EBITDA is projected in the range of $330−$350 million in 2016 compared with the previous forecast of $325−$355 million. On a segmental basis, core business adjusted EBITDA is expected in the range of $195−$205 million compared with $195−$215 million projected previously. Adjusted EBITDA guidance for the Progressive division is $140−$150 million compared with $135−$145 million projected earlier.
Lastly, the company trimmed its GAAP earnings forecast for 2016 to $1.79−$1.93 per share from $1.92−$2.12 expected previously. It expects adjusted earnings in the band of $2.16−$2.30 per share, compared with $2.13−$2.33 anticipated earlier.
Zacks Rank
Aaron's currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the retail space include Tilly's, Inc. TLYS , American Eagle Outfitters, Inc. AEO and Boot Barn Holdings, Inc. BOOT .
Tilly's, with a long-term earnings growth rate of 15.5%, has jumped nearly 63% in the past three months. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
American Eagle Outfitters, with a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 11.8%. The stock gained roughly 16.6% in the past six months.
Boot Barn Holdings, a Zacks Rank #2 stock, has a long-term earnings growth rate of 14.5%. The stock surged nearly 52.7% in the past six months.
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AARONS INC (AAN): Free Stock Analysis Report
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BOOT BARN HLDGS (BOOT): Free Stock Analysis Report
TILLYS INC (TLYS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc.AAN posted third-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report TILLYS INC (TLYS): Free Stock Analysis Report To read this article on Zacks.com click here. Nonetheless, the company remains on track with its cost-management and inventory control activities, alongside undertaking efforts to rightsize its store base.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report TILLYS INC (TLYS): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN posted third-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Store Update Aaron's consolidated or shuttered five Company-operated Aaron's Sales & Lease Ownership stores, four franchised Aaron's Sales & Lease Ownership stores, and one franchised HomeSmart store.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report TILLYS INC (TLYS): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN posted third-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Store Update Aaron's consolidated or shuttered five Company-operated Aaron's Sales & Lease Ownership stores, four franchised Aaron's Sales & Lease Ownership stores, and one franchised HomeSmart store.
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Aaron's Inc.AAN posted third-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report TILLYS INC (TLYS): Free Stock Analysis Report To read this article on Zacks.com click here. Segment Details Core Business Aaron's core business' sales fell 9.5% to $454.1 million in the reported quarter.
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9221.0
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2016-10-27 00:00:00 UTC
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Retail Stocks' Q3 Earnings Slated for Oct 28: AAN, AN
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AAN
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https://www.nasdaq.com/articles/retail-stocks-q3-earnings-slated-for-oct-28%3A-aan-an-2016-10-27
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nan
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nan
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After five back-to-back quarters of earnings decline, the trend has finally come to a halt. Investors keeping a close watch on the Q3 earnings season, eagerly awaiting earnings growth, are likely to witness a decent picture this reporting cycle.
Per our Earnings Outlook report as of Oct 26, out of the 198 S&P 500 companies that have come up with their quarterly numbers, approximately 73.7% posted positive earnings surprises, while 61.1% beat top-line expectations. According to the report, earnings for the 198 S&P 500 companies that have reported so far are up 3.2% from the same period last year, while revenues have increased 1.9%.
Further, the report projects that earnings for the total S&P 500 companies will improve 1.4% from the year-ago period with total revenue also increasing at an equivalent rate.
The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, five are expected to witness an earnings decline in the third quarter, with Auto, Oil/Energy and Transportation being a big drag. However, the Retail/Wholesale sector is showing an improvement despite overseas turmoil, fluctuating commodity prices and the Fed's pending decision over the rate hike.
Total earnings for the Retail/Wholesale sector are estimated to rise 5.4%, whereas revenues are projected to increase 5.3%.
So, let's see what awaits the following Retail/Wholesale stocks that are queued up for third-quarter 2016 earnings releases on Oct 28.
To start with Aaron's, Inc.AAN , we are unsure whether this specialty retailer of consumer electronics and home accessories, will be able to post a positive earnings surprise in the quarter to be reported. The current Zacks Consensus Estimate for the third quarter stands at 47 cents. The company has a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
AARONS INC Price and EPS Surprise
AARONS INC Price and EPS Surprise | AARONS INC Quote
Aaron's Core business remains challenging. In fact, management also lowered its 2016 outlook in the last earnings release, considering its ongoing business trends and sale of HomeSmart assets - making us somewhat cautious of the upcoming results. In the trailing four quarters, the company has missed the Zacks Consensus Estimate by an average of 3.9%. (Read: Aaron's Q3 Earnings: What's in Store for the Stock? )
Next, let's take a sneak peek at AutoNation, Inc.AN , the largest automotive retailer in the U.S. In the trailing four quarters, the company has lagged the Zacks Consensus Estimate by an average of 0.6%. However, in the last quarter, it posted a positive earnings surprise of 2.9%. The Zacks Consensus Estimate for the third quarter is currently pegged at $1.14.
AUTONATION INC Price and EPS Surprise
AUTONATION INC Price and EPS Surprise | AUTONATION INC Quote
Our proven model shows that AutoNation is likely to beat earnings because it has the right combination of the two key ingredients. It currently has an Earnings ESP of +0.88% and a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
AutoNation is poised to benefit from the recovery in the auto market, backed by its optimal brand and market mix as well as a disciplined cost structure. It will also gain from the expansion of its business through acquisitions. However, the company competes on the basis of location, service, price, selection, and online and mobile offerings. (Read: AutoNation Q3 Earnings: Stock to Beat Estimates Again? )
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AUTONATION INC (AN): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To start with Aaron's, Inc.AAN , we are unsure whether this specialty retailer of consumer electronics and home accessories, will be able to post a positive earnings surprise in the quarter to be reported. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. However, the Retail/Wholesale sector is showing an improvement despite overseas turmoil, fluctuating commodity prices and the Fed's pending decision over the rate hike.
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Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. To start with Aaron's, Inc.AAN , we are unsure whether this specialty retailer of consumer electronics and home accessories, will be able to post a positive earnings surprise in the quarter to be reported. AARONS INC Price and EPS Surprise AARONS INC Price and EPS Surprise | AARONS INC Quote Aaron's Core business remains challenging.
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Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. To start with Aaron's, Inc.AAN , we are unsure whether this specialty retailer of consumer electronics and home accessories, will be able to post a positive earnings surprise in the quarter to be reported. Per our Earnings Outlook report as of Oct 26, out of the 198 S&P 500 companies that have come up with their quarterly numbers, approximately 73.7% posted positive earnings surprises, while 61.1% beat top-line expectations.
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To start with Aaron's, Inc.AAN , we are unsure whether this specialty retailer of consumer electronics and home accessories, will be able to post a positive earnings surprise in the quarter to be reported. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. (Read: AutoNation Q3 Earnings: Stock to Beat Estimates Again? )
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9222.0
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2016-10-27 00:00:00 UTC
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Rent-A-Center (RCII) Q3 Earnings Top; Sales Miss Hits Stock
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AAN
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https://www.nasdaq.com/articles/rent-a-center-rcii-q3-earnings-top-sales-miss-hits-stock-2016-10-27
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nan
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nan
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After witnessing a negative earnings surprise of 18% in the second quarter of 2016, Rent-A-Center, Inc.RCII managed to deliver a positive earnings surprise of 22.2% in the third quarter. However, the company's total revenue fell short of the estimate for the fifth straight quarter. Further, both the top and bottom lines declined year over year. The technical snags and outages after the execution of new store information management system within Core U.S. stores adversely impacted the operating results.
Shares of this rent-to-own operator fell 6.6% in the after-market trading hours yesterday. The company posted adjusted quarterly earnings of 11 cents a share that beat the Zacks Consensus Estimate by a couple of cents but plunged from 47 cents reported in the year-ago period. On a GAAP basis, the company reported earnings of 12 cents a share against a loss of 8 cents in the prior-year quarter.
Total revenue tumbled 12.3% to $693.9 million in the quarter under review, owing to a decline witnessed across the Core U.S., Acceptance Now and Mexico segments, somewhat compensated by enhanced revenue from the Franchising segment. Revenues also fell short of the Zacks Consensus Estimate of $698.4 million.
Comparable-store sales (comps) for the quarter dropped 8.4%, reflecting respective declines of 12% and 0.9% in the Core U.S. and Acceptance Now segments, partly offset by a 10.1% jump noted at the Mexico segment.
FindTheCompany | Graphiq
Delving Deeper
Revenue from the Acceptance Now segment dipped 1.1% from the prior-year quarter figure to $194.4 million.
Revenue from the Core U.S. segment slumped 16.3% to $481.8 million, owing to continued store base rationalization and dismal comps. Comps at this segment were adversely impacted by store information management system implementation and system outages, softness across the televisions, computers and tablets categories as well as continued smartphones recast.
The Mexico segment's revenue came in at $12.5 million, down 14.3% year over year - attributable to foreign currency headwinds and store closures. Finally, total Franchising revenue increased 3% to $5.2 million during the quarter.
Rent-A-Center's adjusted operating profit decreased 66.2% to $17.7 million, while adjusted operating margin contracted 410 basis points to 2.5%. Adjusted EBITDA fell 47.8% to $37.7 million, whereas adjusted EBITDA margin shriveled 370 basis points to 9%.
Store Update
At the end of the quarter, there was 2,469 Core U.S. locations, 1,373 Acceptance Now Staffed stores, 495 Acceptance Now Direct stores, 130 stores in Mexico and 231 Franchise stores.
Other Financial Aspects
Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $130.3 million, net senior debt of $187.8 million and shareholders' equity of $506.1 million.
During the first nine months of 2016, the company generated $374.6 million as cash from operations, while it made capital expenditures of $46.8 million during the same time frame.
RENT-A-CENTER Price and EPS Surprise
RENT-A-CENTER Price and EPS Surprise | RENT-A-CENTER Quote
Guidance
Rent-A-Center now projects Core revenue in the band of $2,065-$2,100 million and Acceptance Now revenue in the range of $805−$835 million. The company expects adjusted earnings between $1.05 and $1.15 per share for the full year. The Zacks Consensus Estimate for 2016 currently stands at $1.29, which could witness a downward revision in the coming days.
Currently, Rent-A-Center carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
RENT-A-CENTER (RCII): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AEROCENTURY CP (ACY): Free Stock Analysis Report
MCGRATH RENTCOR (MGRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $130.3 million, net senior debt of $187.8 million and shareholders' equity of $506.1 million. Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. FindTheCompany | Graphiq Delving Deeper Revenue from the Acceptance Now segment dipped 1.1% from the prior-year quarter figure to $194.4 million.
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Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $130.3 million, net senior debt of $187.8 million and shareholders' equity of $506.1 million. Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. RENT-A-CENTER Price and EPS Surprise RENT-A-CENTER Price and EPS Surprise | RENT-A-CENTER Quote Guidance Rent-A-Center now projects Core revenue in the band of $2,065-$2,100 million and Acceptance Now revenue in the range of $805−$835 million.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $130.3 million, net senior debt of $187.8 million and shareholders' equity of $506.1 million. Total revenue tumbled 12.3% to $693.9 million in the quarter under review, owing to a decline witnessed across the Core U.S., Acceptance Now and Mexico segments, somewhat compensated by enhanced revenue from the Franchising segment.
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Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $130.3 million, net senior debt of $187.8 million and shareholders' equity of $506.1 million. Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Total revenue tumbled 12.3% to $693.9 million in the quarter under review, owing to a decline witnessed across the Core U.S., Acceptance Now and Mexico segments, somewhat compensated by enhanced revenue from the Franchising segment.
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9223.0
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2016-10-21 00:00:00 UTC
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Aaron's (AAN) Q3 Earnings: What's in Store for the Stock?
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AAN
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https://www.nasdaq.com/articles/aarons-aan-q3-earnings%3A-whats-in-store-for-the-stock-2016-10-21
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nan
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Aaron's, Inc.AAN is slated to report third-quarter 2016 results on Oct 28. Last quarter, the company delivered a positive earnings surprise of 3.5% despite underperforming the Zacks Consensus Estimate by an average of 3.9% over the trailing four quarters. Let's see how things are shaping up for this announcement.
AARONS INC Price and EPS Surprise
AARONS INC Price and EPS Surprise | AARONS INC Quote
Factors Influencing This Quarter
Aaron's remains focused on developing its omnichannel network and enhancing its eCommerce trends to boost revenues. Further, management remains impressed with consistent growth witnessed at its Progressive segment, which makes it reasonably confident of the performance of this segment in the third quarter as well. Additionally, Aaron's remains optimistic of maximizing EBITDA, expanding business and augmenting shareholder value - given its robust balance sheet.
While these factors bode well, the company's Core business remains challenging. In fact, management had also lowered its 2016 outlook in the last earnings release, considering its ongoing business trends and sale of HomeSmart assets - making us somewhat cautious of the upcoming results. Thus, we would prefer to wait and see what's in store for Aaron's in the quarter to be reported.
Earnings Whispers
Our proven model does not conclusively show that Aaron's is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Aaron's currently has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 47 cents.
Zacks Rank: Aaron's Zacks Rank #3 (Hold) increases the predictive power of ESP. However, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Caterpillar Inc. CAT , scheduled to release earnings on Oct 25, 2016, currently has an Earnings ESP of +1.33% and a Zacks Rank #2 (Buy).
Big 5 Sporting Goods Corp. BGFV , expected to report earnings on Oct 25, 2016, currently has an Earnings ESP of +3.33% and a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here.
Amazon.com, Inc. AMZN , slated to release earnings on Oct 27, 2016, currently has an Earnings ESP of +6.98% and a Zacks Rank #1.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN is slated to report third-quarter 2016 results on Oct 28. Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, Aaron's remains optimistic of maximizing EBITDA, expanding business and augmenting shareholder value - given its robust balance sheet.
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Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is slated to report third-quarter 2016 results on Oct 28. AARONS INC Price and EPS Surprise AARONS INC Price and EPS Surprise | AARONS INC Quote Factors Influencing This Quarter Aaron's remains focused on developing its omnichannel network and enhancing its eCommerce trends to boost revenues.
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Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is slated to report third-quarter 2016 results on Oct 28. Stocks that Warrant a Look Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Caterpillar Inc. CAT , scheduled to release earnings on Oct 25, 2016, currently has an Earnings ESP of +1.33% and a Zacks Rank #2 (Buy).
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Aaron's, Inc.AAN is slated to report third-quarter 2016 results on Oct 28. Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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9224.0
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2016-10-11 00:00:00 UTC
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AAN Crosses Below Key Moving Average Level
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AAN
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https://www.nasdaq.com/articles/aan-crosses-below-key-moving-average-level-2016-10-11
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nan
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nan
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In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) crossed below their 200 day moving average of $23.95, changing hands as low as $23.22 per share. Aaron's Inc shares are currently trading off about 8.3% on the day. The chart below shows the one year performance of AAN shares, versus its 200 day moving average:
Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $23.42.
According to the ETF Finder at ETF Channel, AAN makes up 2.68% of the PowerShares Dynamic Retail Portfolio ETF (Symbol: PMR) which is trading lower by about 0.5% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) crossed below their 200 day moving average of $23.95, changing hands as low as $23.22 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $23.42. According to the ETF Finder at ETF Channel, AAN makes up 2.68% of the PowerShares Dynamic Retail Portfolio ETF (Symbol: PMR) which is trading lower by about 0.5% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) crossed below their 200 day moving average of $23.95, changing hands as low as $23.22 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $23.42. According to the ETF Finder at ETF Channel, AAN makes up 2.68% of the PowerShares Dynamic Retail Portfolio ETF (Symbol: PMR) which is trading lower by about 0.5% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) crossed below their 200 day moving average of $23.95, changing hands as low as $23.22 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $23.42. According to the ETF Finder at ETF Channel, AAN makes up 2.68% of the PowerShares Dynamic Retail Portfolio ETF (Symbol: PMR) which is trading lower by about 0.5% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) crossed below their 200 day moving average of $23.95, changing hands as low as $23.22 per share. According to the ETF Finder at ETF Channel, AAN makes up 2.68% of the PowerShares Dynamic Retail Portfolio ETF (Symbol: PMR) which is trading lower by about 0.5% on the day Tuesday. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $23.42.
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9225.0
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2016-10-11 00:00:00 UTC
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Why Rent-to-Own Retailer Stocks Tumbled Today
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AAN
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https://www.nasdaq.com/articles/why-rent-own-retailer-stocks-tumbled-today-2016-10-11
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nan
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nan
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Image source: The Motley Fool.
What happened
Investors were dumping shares of Rent-A-Center Inc (NASDAQ: RCII) Tuesday after the rent-to-own specialist issued downbeat preliminary earnings guidance. As of 12:38 p.m. EDT, the stock was down 29.2%.
So what
For the third quarter, which ended Sept. 30, the company said it expected core U.S. same-store sales to be down 12%, and comparable sales at its Acceptance Now stores to be flat. Adjusted EPS are now expected to be $0.05 to $0.15, down from $0.47 a year ago. Analysts had projected earnings of $0.39 per share for the quarter past.
"Following the implementation of our new point-of-sale system, we experienced system performance issues and outages that resulted in a larger than expected negative impact on Core sales," CEO Robert Davis said. "While we expect it to take several quarters to fully recover from the impact to the Core portfolio, system performance has improved dramatically and we have started to see early indicators of collections improvement."
Now what
From the statement above, it sounds like the plunging comparable sales were the result of a temporary tech hiccup rather than a more fundamental trend. However, the weak report brought down shares of peers like Aaron's (NYSE: AAN) , which fell 10%, and Conns (NASDAQ: CONN) , which dropped was down 4%.
Investors may have to wait until those companies report earnings to learn if this is an industrywide trend. After Tuesday's drop, Rent-A-Center shares sit a P/E of around six, meaning there could be significant upside potential if the company bounces back. We'll learn more when Rent-A-Center deliver its full earnings report on Oct. 26.
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Jeremy Bowman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the weak report brought down shares of peers like Aaron's (NYSE: AAN) , which fell 10%, and Conns (NASDAQ: CONN) , which dropped was down 4%. What happened Investors were dumping shares of Rent-A-Center Inc (NASDAQ: RCII) Tuesday after the rent-to-own specialist issued downbeat preliminary earnings guidance. Now what From the statement above, it sounds like the plunging comparable sales were the result of a temporary tech hiccup rather than a more fundamental trend.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. However, the weak report brought down shares of peers like Aaron's (NYSE: AAN) , which fell 10%, and Conns (NASDAQ: CONN) , which dropped was down 4%. After Tuesday's drop, Rent-A-Center shares sit a P/E of around six, meaning there could be significant upside potential if the company bounces back.
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However, the weak report brought down shares of peers like Aaron's (NYSE: AAN) , which fell 10%, and Conns (NASDAQ: CONN) , which dropped was down 4%. So what For the third quarter, which ended Sept. 30, the company said it expected core U.S. same-store sales to be down 12%, and comparable sales at its Acceptance Now stores to be flat. "Following the implementation of our new point-of-sale system, we experienced system performance issues and outages that resulted in a larger than expected negative impact on Core sales," CEO Robert Davis said.
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However, the weak report brought down shares of peers like Aaron's (NYSE: AAN) , which fell 10%, and Conns (NASDAQ: CONN) , which dropped was down 4%. What happened Investors were dumping shares of Rent-A-Center Inc (NASDAQ: RCII) Tuesday after the rent-to-own specialist issued downbeat preliminary earnings guidance. As of 12:38 p.m. EDT, the stock was down 29.2%.
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9226.0
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2016-09-08 00:00:00 UTC
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Implied IYC Analyst Target Price: $166
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AAN
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https://www.nasdaq.com/articles/implied-iyc-analyst-target-price-166-2016-09-08
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Consumer Services ETF (Symbol: IYC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $165.75 per unit.
With IYC trading at a recent price near $148.67 per unit, that means that analysts see 11.49% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYC's underlying holdings with notable upside to their analyst target prices are Spirit Airlines Inc (Symbol: SAVE), Genesco Inc. (Symbol: GCO), and Aaron's Inc (Symbol: AAN). Although SAVE has traded at a recent price of $40.82/share, the average analyst target is 34.74% higher at $55.00/share. Similarly, GCO has 31.07% upside from the recent share price of $49.40 if the average analyst target price of $64.75/share is reached, and analysts on average are expecting AAN to reach a target price of $32.00/share, which is 28.41% above the recent price of $24.92. Below is a twelve month price history chart comparing the stock performance of SAVE, GCO, and AAN:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a twelve month price history chart comparing the stock performance of SAVE, GCO, and AAN: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYC's underlying holdings with notable upside to their analyst target prices are Spirit Airlines Inc (Symbol: SAVE), Genesco Inc. (Symbol: GCO), and Aaron's Inc (Symbol: AAN). Similarly, GCO has 31.07% upside from the recent share price of $49.40 if the average analyst target price of $64.75/share is reached, and analysts on average are expecting AAN to reach a target price of $32.00/share, which is 28.41% above the recent price of $24.92.
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Similarly, GCO has 31.07% upside from the recent share price of $49.40 if the average analyst target price of $64.75/share is reached, and analysts on average are expecting AAN to reach a target price of $32.00/share, which is 28.41% above the recent price of $24.92. Three of IYC's underlying holdings with notable upside to their analyst target prices are Spirit Airlines Inc (Symbol: SAVE), Genesco Inc. (Symbol: GCO), and Aaron's Inc (Symbol: AAN). Below is a twelve month price history chart comparing the stock performance of SAVE, GCO, and AAN: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, GCO has 31.07% upside from the recent share price of $49.40 if the average analyst target price of $64.75/share is reached, and analysts on average are expecting AAN to reach a target price of $32.00/share, which is 28.41% above the recent price of $24.92. Below is a twelve month price history chart comparing the stock performance of SAVE, GCO, and AAN: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYC's underlying holdings with notable upside to their analyst target prices are Spirit Airlines Inc (Symbol: SAVE), Genesco Inc. (Symbol: GCO), and Aaron's Inc (Symbol: AAN).
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Below is a twelve month price history chart comparing the stock performance of SAVE, GCO, and AAN: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYC's underlying holdings with notable upside to their analyst target prices are Spirit Airlines Inc (Symbol: SAVE), Genesco Inc. (Symbol: GCO), and Aaron's Inc (Symbol: AAN). Similarly, GCO has 31.07% upside from the recent share price of $49.40 if the average analyst target price of $64.75/share is reached, and analysts on average are expecting AAN to reach a target price of $32.00/share, which is 28.41% above the recent price of $24.92.
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9227.0
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2016-08-30 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for August 31, 2016
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-august-31-2016-2016-08-30
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nan
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on August 31, 2016. A cash dividend payment of $0.025 per share is scheduled to be paid on October 03, 2016. Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAN has paid the same dividend. At the current stock price of $25.2, the dividend yield is .4%.
The previous trading day's last sale of AAN was $25.2, representing a -38.24% decrease from the 52 week high of $40.80 and a 24.51% increase over the 52 week low of $20.24.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). AAN's current earnings per share, an indicator of a company's profitability, is $1.84. Zacks Investment Research reports AAN's forecasted earnings growth in 2016 as 5.02%, compared to an industry average of %.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). Zacks Investment Research reports AAN's forecasted earnings growth in 2016 as 5.02%, compared to an industry average of %.
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AAN's current earnings per share, an indicator of a company's profitability, is $1.84. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on August 31, 2016.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAN has paid the same dividend. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on August 31, 2016. This marks the 4th quarter that AAN has paid the same dividend.
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9228.0
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2016-08-05 00:00:00 UTC
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AAN Makes Bullish Cross Above Critical Moving Average
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AAN
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https://www.nasdaq.com/articles/aan-makes-bullish-cross-above-critical-moving-average-2016-08-05
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nan
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nan
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In trading on Friday, shares of Aaron's Inc (Symbol: AAN) crossed above their 200 day moving average of $24.35, changing hands as high as $24.70 per share. Aaron's Inc shares are currently trading up about 2.5% on the day. The chart below shows the one year performance of AAN shares, versus its 200 day moving average:
Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $24.55.
According to the ETF Finder at ETF Channel, AAN makes up 1.76% of the ProShares Russell 2000 Dividend Growers ETF (Symbol: SMDV) which is trading higher by about 0.8% on the day Friday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Aaron's Inc (Symbol: AAN) crossed above their 200 day moving average of $24.35, changing hands as high as $24.70 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $24.55. According to the ETF Finder at ETF Channel, AAN makes up 1.76% of the ProShares Russell 2000 Dividend Growers ETF (Symbol: SMDV) which is trading higher by about 0.8% on the day Friday.
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In trading on Friday, shares of Aaron's Inc (Symbol: AAN) crossed above their 200 day moving average of $24.35, changing hands as high as $24.70 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $24.55. According to the ETF Finder at ETF Channel, AAN makes up 1.76% of the ProShares Russell 2000 Dividend Growers ETF (Symbol: SMDV) which is trading higher by about 0.8% on the day Friday.
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In trading on Friday, shares of Aaron's Inc (Symbol: AAN) crossed above their 200 day moving average of $24.35, changing hands as high as $24.70 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $24.55. According to the ETF Finder at ETF Channel, AAN makes up 1.76% of the ProShares Russell 2000 Dividend Growers ETF (Symbol: SMDV) which is trading higher by about 0.8% on the day Friday.
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In trading on Friday, shares of Aaron's Inc (Symbol: AAN) crossed above their 200 day moving average of $24.35, changing hands as high as $24.70 per share. According to the ETF Finder at ETF Channel, AAN makes up 1.76% of the ProShares Russell 2000 Dividend Growers ETF (Symbol: SMDV) which is trading higher by about 0.8% on the day Friday. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $24.55.
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9229.0
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2016-08-01 00:00:00 UTC
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Aaron's (AAN) Q2 Earnings Beat, Revenues Lag; Stock Up
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AAN
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https://www.nasdaq.com/articles/aarons-aan-q2-earnings-beat-revenues-lag-stock-up-2016-08-01
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nan
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nan
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Aaron's Inc.AAN posted second-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Shares of this Atlanta-based company jumped 9.1% to $23.95 following the earnings release. Though earnings declined year over year, revenues witnessed an improvement over the same time frame.
This rent-to-own company's adjusted earnings of 59 cents per share outpaced the Zacks Consensus Estimate of 57 cents but fell 3.3% from the prior-year quarter. Including one-time items, the company reported earnings of 53 cents per share, reflecting a 5.4% year-over-year decline.
Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany
Aaron's top line advanced nearly 2.7% to $789.4 million, mainly backed by revenue growth at the company's Progressive division. However, the company's total revenue fell short of the Zacks Consensus Estimate of $815 million.
Comparable store sales (comps) at company-operated stores dropped 1.2%, while the customer count, on a same-store basis, decreased 0.6%. Comps at the company's franchise stores and same-store customer count registered a rise of 0.4% and 1.4%, respectively. At quarter end, the company's self-operated stores had 1.0 million customers, reflecting a 1.1% year-over-year decline. The franchisees had a customer base of 560,000, representing a 3.3% year-over-year fall.
The company's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter declined 1.8% year over year to $88.2 million.
Segment Details
Core Business
Aaron's core business' sales fell 5.4% to $485.5 million in the reported quarter. Adjusted EBITDA for the core business segment was $47.5 million, down 11.7% year over year, while EBITDA margin contracted 70 basis points (bps) to 9.8%.
Within the core business, the company's Sales & Lease Ownership division recorded revenues of $476.2 million, down 4.1% from the second quarter of 2015. This decline was attributed to a fall in store revenues and non-retail sales.
On May 13, 2016, the company sold the assets of its HomeSmart unit. The company's results for the second quarter included HomeSmart revenues of $7.5 million through May 13, which were down 51.6% year over year.
Progressive
Progressive contributed $298.6 million to revenues in the second quarter of 2016, marking a 16.7% year-over-year surge. This was driven by a 19% rise in the number of active doors in the quarter, though invoice volume per active door fell 3.6%. The segment's EBITDA was $41.8 million for the second quarter, down 16.1% year over year. However, EBITDA margin remained flat at 14.0%. Progressive had 526,000 customers as of Jun 30, 2016, representing 11% growth from the prior-year quarter. We note that Progressive acquired DAMI in Oct 2015, which contributed revenues of $5.3 million in the second quarter.
Financial Position
Aaron's ended the quarter with cash and cash equivalents of $242.2 million, debt of $493.5 million, and total shareholders' equity of $1,459.6 million.
In the first half of 2016, the company generated cash from operations of $324.3 million.
Store Update
Aaron's consolidated or shuttered three Company-operated Aaron's Sales & Lease Ownership stores, five franchised Aaron's Sales & Lease Ownership stores and one franchised HomeSmart store. It sold 82 company-operated HomeSmart stores and purchased 1 franchised store.
As of Jun 30, 2016, Aaron's had a total of 1,221 company-operated Sales & Lease Ownership stores, 721 franchised Sales & Lease Ownership stores and 1 franchised HomeSmart store. Consequently, the company operated 1,943 stores in total as of quarter end.
AARONS INC Price, Consensus and EPS Surprise
AARONS INC Price, Consensus and EPS Surprise | AARONS INC Quote
Guidance
Management lowered its outlook for 2016, based on ongoing business trends and sale of HomeStmart assets. The company expects consolidated revenues in the range of $3.15−$3.35 billion, excluding franchised revenues. Earlier, the company expected revenues in the range of $3.25−$3.45 billion.
Segment-wise, the company expects revenues for the core segment in the range of $1.95−$2.05 billion, versus $2.05−$2.15 billion guided previously. Core business revenues will include about $1.50−$1.60 billion from lease revenues, compared with $1.55−$1.65 billion expected earlier. Comps are expected to come in the range of negative 3% to flat in 2016.
The company's adjusted EBITDA is projected in the range of $325−$355 million in 2016 compared with the previous forecast of $330−$360 million. On a segmental basis, core business adjusted EBITDA is expected in the range of $195−$215 million versus $210−$230 million projected previously. However, the company raised its adjusted EBITDA guidance for the Progressive division to $135−$145 million compared with $125−$135 million guided earlier
Lastly, the company trimmed its GAAP earnings forecast for 2016 to $1.92−$2.12 per share from $2.03−$2.23 expected previously. Also, it lowered its adjusted earnings guidance to $2.13−$2.33 per share, versus $2.20−$2.40 anticipated earlier.
Zacks Rank
Aaron's currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the retail space include Christopher & Banks Corporation CBK , The Children's Place, Inc. PLCE , both sporting a Zacks Rank #1 (Strong Buy) and GameStop Corp. GME , holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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AARONS INC (AAN): Free Stock Analysis Report
CHILDRENS PLACE (PLCE): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc.AAN posted second-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany Aaron's top line advanced nearly 2.7% to $789.4 million, mainly backed by revenue growth at the company's Progressive division. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHILDRENS PLACE (PLCE): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHILDRENS PLACE (PLCE): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN posted second-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany Aaron's top line advanced nearly 2.7% to $789.4 million, mainly backed by revenue growth at the company's Progressive division.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHILDRENS PLACE (PLCE): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN posted second-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany Aaron's top line advanced nearly 2.7% to $789.4 million, mainly backed by revenue growth at the company's Progressive division.
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Aaron's Inc.AAN posted second-quarter 2016 results, wherein the bottom line surpassed the Zacks Consensus Estimate while the top line missed the same. Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany Aaron's top line advanced nearly 2.7% to $789.4 million, mainly backed by revenue growth at the company's Progressive division. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHILDRENS PLACE (PLCE): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report To read this article on Zacks.com click here.
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9230.0
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2016-08-01 00:00:00 UTC
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Aaron's (AAN) Catches Eye: Stock Moves 9.1% Higher
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AAN
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https://www.nasdaq.com/articles/aarons-aan-catches-eye%3A-stock-moves-9.1-higher-2016-08-01
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nan
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nan
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Aaron's, Inc.AAN was a big mover last session, as the company saw its shares rise over 9% on the day. The upside was driven by the company's announcement of better-than-expected earnings for the second quarter 2016. This resulted in solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.89 to $23.87 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Aaron's currently carries a Zacks Rank #3 (Hold).
AARONS INC Price
AARONS INC Price | AARONS INC Quote
A better-ranked stock in the same industry is GameStop Corp. GME , carrying a Zacks Rank #2 (Buy).
Is AAN going up? Or down? Predict to see what others think: Up or Down
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN was a big mover last session, as the company saw its shares rise over 9% on the day. Is AAN going up? Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN was a big mover last session, as the company saw its shares rise over 9% on the day. Is AAN going up?
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN was a big mover last session, as the company saw its shares rise over 9% on the day. Is AAN going up?
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Aaron's, Inc.AAN was a big mover last session, as the company saw its shares rise over 9% on the day. Is AAN going up? Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here.
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9231.0
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2016-07-29 00:00:00 UTC
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Earnings Reaction History: Aaron's Inc, 33.3% Follow-Through Indicator, 6.1% Sensitive
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AAN
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https://www.nasdaq.com/articles/earnings-reaction-history-aarons-inc-333-follow-through-indicator-61-sensitive-2016-07-29
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nan
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Expected Earnings Release: 07/29/2016, Premarket
Avg. Extended-Hours Dollar Volume: $216,947
Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in AAN indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 25%
Average next regular session additional gain: 2.1%
Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 2.1%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 80%
Average next regular session additional loss: 2.5%
Over that same historical period, when shares of AAN dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.5% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 2.1% Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 2.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 2.5% Over that same historical period, when shares of AAN dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.5% by the following regular session close. Extended-Hours Dollar Volume: $216,947 Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 2.1% Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 2.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 2.5% Over that same historical period, when shares of AAN dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.5% by the following regular session close. Extended-Hours Dollar Volume: $216,947 Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 2.1% Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 2.1%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 2.5% Over that same historical period, when shares of AAN dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.5% by the following regular session close. Extended-Hours Dollar Volume: $216,947 Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $216,947 Aaron's Inc ( AAN ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 2.1% Over the prior three fiscal years (12 quarters), when shares of AAN rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 2.1%. Historical earnings event related premarket and after-hours trading activity in AAN indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
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9232.0
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2016-07-29 00:00:00 UTC
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Consumer Sector Update for 07/29/2016: AAN,BGS,MDCA
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AAN
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https://www.nasdaq.com/articles/consumer-sector-update-07292016-aanbgsmdca-2016-07-29
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nan
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Top Consumer Stocks
WMT -0.38%
MCD -1.50%
DIS +0.29%
CVS -1.01%
KO -0.09%
Consumer stocks were climbing in afternoon trade, with shares of consumer staples companies in the S&P 500 adding about 0.5% while shares of consumer discretionary firms in the S&P 500 were increasing by about 0.2%.
In company news, shares of Aaron's Inc ( AAN ) advanced Friday after the furniture retailer reported Q2 non-GAAP earnings that beat analyst projections although net sales lagged expectations.
Excluding one-time items during the three months ended June 30, the company earned $0.59 per share, topping the Capital IQ consensus by $0.02 per share. The top line increased 2.7% over the same period last year to $789.4 million but still trailed the Street view looking for $807.12 million in Q2 sales.
The company also pared its FY16 earning outlook by $0.07 per share compared with its prior forecast, now expecting between $2.13 to $2.33 per share but remaining in-line with the $2.24 per share Wall Street mean.
AAN shares were up nearly 10% at $24.05 apiece, staying within relatively close range of their session high of $24.17 a share.
In other sector news,
(+) BGS, (+13.8%) Q2 net income of $0.57 per share tops Capital IQ consensus by $0.11 per share. Revenue climbs 58.3% over last year to $306.4 mln, trailing the $316.03 mln consensus.
(-) MDCA, (-30.0%) Q2 EPS of $0.02 trails Capital IQ consensus by $0.16 per share. Revenues rises 0.1% from last year to $337.05 mln, also lagging Street view expecting $346.15 mln. Lowers FY16 revenue guidance.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, shares of Aaron's Inc ( AAN ) advanced Friday after the furniture retailer reported Q2 non-GAAP earnings that beat analyst projections although net sales lagged expectations. AAN shares were up nearly 10% at $24.05 apiece, staying within relatively close range of their session high of $24.17 a share. Excluding one-time items during the three months ended June 30, the company earned $0.59 per share, topping the Capital IQ consensus by $0.02 per share.
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In company news, shares of Aaron's Inc ( AAN ) advanced Friday after the furniture retailer reported Q2 non-GAAP earnings that beat analyst projections although net sales lagged expectations. AAN shares were up nearly 10% at $24.05 apiece, staying within relatively close range of their session high of $24.17 a share. Excluding one-time items during the three months ended June 30, the company earned $0.59 per share, topping the Capital IQ consensus by $0.02 per share.
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In company news, shares of Aaron's Inc ( AAN ) advanced Friday after the furniture retailer reported Q2 non-GAAP earnings that beat analyst projections although net sales lagged expectations. AAN shares were up nearly 10% at $24.05 apiece, staying within relatively close range of their session high of $24.17 a share. Consumer stocks were climbing in afternoon trade, with shares of consumer staples companies in the S&P 500 adding about 0.5% while shares of consumer discretionary firms in the S&P 500 were increasing by about 0.2%.
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In company news, shares of Aaron's Inc ( AAN ) advanced Friday after the furniture retailer reported Q2 non-GAAP earnings that beat analyst projections although net sales lagged expectations. AAN shares were up nearly 10% at $24.05 apiece, staying within relatively close range of their session high of $24.17 a share. In other sector news, (+) BGS, (+13.8%) Q2 net income of $0.57 per share tops Capital IQ consensus by $0.11 per share.
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9233.0
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2016-07-28 00:00:00 UTC
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Retail Stocks to Report Earnings on Jul 29: AAN, AN, BLMN
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AAN
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https://www.nasdaq.com/articles/retail-stocks-to-report-earnings-on-jul-29%3A-aan-an-blmn-2016-07-28
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nan
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nan
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Investors are keeping an eye as the Q2 earnings season has gained momentum; so far unveiling modest improvement compared to the last couple of quarters. Per the latest Zacks Earnings Trends report as of Jul 27, out of the 208 S&P 500 members that have come up with their quarterly numbers, approximately 73.1% have posted positive earnings surprises, while 51.9% beat top-line expectations.
According to the report, earnings for the 208 S&P 500 companies that have reported so far are down 4.7% from the same period last year, while revenues have inched up 0.4%.
The report further projects that earnings will decrease 3.5% from the year-ago period for the total S&P 500 companies, and total revenue will fall 0.4%. We observe that this will be the fifth straight quarter, if the index witnesses a decline in earnings. Well, as the earnings season gradually advances, the scenario would be much more prominent. So, do not be in a rush to count your chickens before they hatch.
The Retail/Wholesale sector is showing some resilience in spite of overseas turmoil, yet-to-recover Chinese economy, fluctuating commodity prices and Fed rate-related controversies that are affecting consumers' spending behavior to an extent.
Total earnings for the Retail/Wholesale sector are expected to drop marginally by 0.2%, whereas revenues are projected to increase 4.7%.
Among Retail/Wholesale stocks lined up to report, let's take a sneak peek at three companies.
Aaron's, Inc.AAN is slated to release second-quarter 2016 results on Jul 29. Last quarter, the company had delivered a negative earnings surprise of 5.3%. Nevertheless, it has outperformed the Zacks Consensus Estimate by an average of 3.4% over the trailing four quarters.
While Aaron's began 2016 on a soft note, it intends to remain focused on developing its omnichannel network and enhancing its e-commerce trends, in an attempt to boost revenues this year. Further, the company continues to achieve growth at its Progressive segment, which has been reporting solid revenues for a while now, thereby making management reasonably confident of this segment's performance in 2016. Additionally, Aaron's remains optimistic of expanding business and augmenting shareholder value, given its robust balance sheet. These factors also encouraged management to reiterate its previously issued outlook for 2016.
AARONS INC Price and EPS Surprise
AARONS INC Price and EPS Surprise | AARONS INC Quote
Aaron's carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the quarter is pegged at 57 cents (read more: Can Aaron's Q2 Earnings Help Revert it to Solid Trend? ).
AutoNation, Inc.AN is set to release its second-quarter 2016 results on Jul 29. Last quarter, the company posted a positive earnings surprise of 3.23%.
AutoNation is positioned to benefit from the recovery in the auto market, backed by its optimal brand and market mix as well as a disciplined cost structure. Rising average age of cars and trucks in the U.S., a robust consumer credit environment, and an increase in new product offerings from automotive manufacturers are building a strong sales environment. In addition, the company is poised to benefit from the expansion of its business through acquisitions.
AUTONATION INC Price and EPS Surprise
AUTONATION INC Price and EPS Surprise | AUTONATION INC Quote
AutoNation carries a Zacks Rank #3 and has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the quarter is pegged at $1.05 (read more: What's in Store for AutoNation this Earnings Season? ).
Bloomin' Brands, Inc.BLMN , a casual dining restaurant company, is scheduled to release its second-quarter 2016 results on Jul 29. Our proven model does not conclusively show that Bloomin' Brands is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for this to happen. This is not the case here as the company's Earnings ESP is -3.45% and a Zacks Rank #3. Meanwhile, the Zacks Consensus Estimate for second-quarter earnings is pegged at 29 cents. However, we note that in the trailing four quarters, the company has outperformed the Zacks Consensus Estimate by an average of 4.1%.
BLOOMIN BRANDS Price and EPS Surprise
BLOOMIN BRANDS Price and EPS Surprise | BLOOMIN BRANDS Quote
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AUTONATION INC (AN): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
BLOOMIN BRANDS (BLMN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN is slated to release second-quarter 2016 results on Jul 29. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BLOOMIN BRANDS (BLMN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors are keeping an eye as the Q2 earnings season has gained momentum; so far unveiling modest improvement compared to the last couple of quarters.
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Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BLOOMIN BRANDS (BLMN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is slated to release second-quarter 2016 results on Jul 29. AUTONATION INC Price and EPS Surprise AUTONATION INC Price and EPS Surprise | AUTONATION INC Quote AutoNation carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.
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Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BLOOMIN BRANDS (BLMN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is slated to release second-quarter 2016 results on Jul 29. AARONS INC Price and EPS Surprise AARONS INC Price and EPS Surprise | AARONS INC Quote Aaron's carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%.
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Aaron's, Inc.AAN is slated to release second-quarter 2016 results on Jul 29. Click to get this free report AUTONATION INC (AN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BLOOMIN BRANDS (BLMN): Free Stock Analysis Report To read this article on Zacks.com click here. According to the report, earnings for the 208 S&P 500 companies that have reported so far are down 4.7% from the same period last year, while revenues have inched up 0.4%.
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9234.0
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2016-07-28 00:00:00 UTC
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Rent-A-Center (RCII) Q2 Earnings & Sales Miss; Stock Down
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AAN
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https://www.nasdaq.com/articles/rent-a-center-rcii-q2-earnings-sales-miss-stock-down-2016-07-28
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nan
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nan
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After delivering positive earnings surprises for five straight quarters, Rent-A-Center, Inc.RCII succumbed to a miss in the second quarter of 2016, which also marked the company's fourth consecutive sales miss. Moreover, both top and bottom lines declined year over year. The dismal quarterly results caused shares of the company to plunge 14.4% in the after-market trading session yesterday.
The rent-to-own operator's quarterly adjusted earnings of 41 cents a share fell 18% short of the Zacks Consensus Estimate and the year-ago figure of 50 cents. On a GAAP basis, the company reported earnings of 19 cents per share compared with 43 cents delivered in the year-ago quarter.
Consolidated total revenue tumbled 8.1% to $749.6 million in the reported quarter, owing to a decline witnessed across the Core U.S., Acceptance Now and Mexico segments, somewhat compensated by enhanced revenue from the Franchising segment. Revenues also came in below the Zacks Consensus Estimate of $786.2 million.
Comparable-store sales (comps) for the quarter dropped 4.9%, reflecting respective year-over-year declines of 6.7% and 1.5% in the Core U.S. and Acceptance Now segments, partly offset by a 13% jump noted at the Mexico segment. Notably, however, comps had improved 1.4%, 31.6% and 12% across the Core U.S., Acceptance Now and Mexico segments, respectively, in the year-ago period.
RENT-A-CENTER Price, Consensus and EPS Surprise
RENT-A-CENTER Price, Consensus and EPS Surprise | RENT-A-CENTER Quote
Delving Deeper
Revenue from the Acceptance Now segment dipped 0.5% from the prior-year quarter figure to $199.5 million, attributable to troubles faced by the oil industry affected regions coupled with management's excess concentration on boosting profitable sales.
Revenue from the Core U.S. segment slumped 10.6% to $530.6 million, owing to continued store base rationalization and dismal comps. Comps at this segment were adversely impacted by the accelerated point of sale system rollout, persistent sluggishness across the computers and tablets categories, headwinds across the oil-impacted markets and continued smartphones recast.
The Mexico segment's revenue came in at $13.3 million, down 18.5% year over year - attributable to foreign currency headwinds and store closures. Finally, total Franchising revenue surged 22.5% to $6.2 million during the quarter.
Rent-A-Center's adjusted operating profit decreased 15.4% to $46.4 million, while adjusted operating margin contracted 50 basis points to 6.2%. Adjusted EBITDA fell 10.7% to $67.2 million, whereas adjusted EBITDA margin shriveled 20 basis points to 9%.
Store Update
During the quarter, the company consolidated 174 Core U.S. locations with existing locations and closed 10 locations, bringing the total store count to 2,478. The company also opened 50 Acceptance Now Staffed stores, consolidated 108 stores with existing locations, and converted 4 stores to Acceptance Now Direct, thus taking the total count to 1,374 Acceptance Now Staffed stores. There were 545 Acceptance Now Direct stores at the end of the quarter, after taking into account 42 Acceptance Now Direct stores opened, 4 converted stores from Acceptance Now Staffed, 27 stores closed and 526 locations at the beginning of the quarter.
In Mexico, the store count at the end of the quarter was 129, while Rent-A-Center Franchising (a wholly owned subsidiary of Rent-A-Center) introduced 1 store during the quarter, taking its quarter-end store count to 228.
Other Financial Aspects
Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $88.2 million, net senior debt of $187.9 million, and shareholders' equity of $502.5 million.
During the first half of 2016, the company generated $303.1 million as cash from operations, while it made capital expenditures of $28.2 million during the same time frame. Further, the company lowered its outstanding debt balance by $20.5 million in the second quarter, bringing its Consolidated Leverage Ratio to 2.37x as of Jun 30, 2016.
This Zacks Rank #3 (Hold) company also declared a quarterly dividend of 8 cents per share in the reported quarter, which was paid on Jul 21, 2016.
Guidance
Following the murky performance, management lowered its previously issued outlook for 2016. The company now anticipates Core U.S. revenue to decrease in the band of 8.5%−11.5% with comps decline expected in a range of 5%−8%. Management had earlier projected Core U.S. revenue to fall 4%-6% in 2016, impacted by a comps decline of 1%-3%. Rent-A-Center now projects Acceptance Now revenue between $805−$835million, down from the previous guidance range of $850−$900 million for the full year.
Based on these expectations, management envisions 2016 earnings per share to range from $1.65−$1.85. The Zacks Consensus Estimate is currently pegged at $2.05, which may witness a revision following the company's results.
While the company's outlook is disappointing, management remains impressed with its productivity enhancements, improved leverage ratio and solid Mexico profitability. Further, the company remains optimistic about the Acceptance Now pipeline, considering the progress made on it.
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RENT-A-CENTER (RCII): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AEROCENTURY CP (ACY): Free Stock Analysis Report
MCGRATH RENTCOR (MGRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $88.2 million, net senior debt of $187.9 million, and shareholders' equity of $502.5 million. Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Comps at this segment were adversely impacted by the accelerated point of sale system rollout, persistent sluggishness across the computers and tablets categories, headwinds across the oil-impacted markets and continued smartphones recast.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $88.2 million, net senior debt of $187.9 million, and shareholders' equity of $502.5 million. The company also opened 50 Acceptance Now Staffed stores, consolidated 108 stores with existing locations, and converted 4 stores to Acceptance Now Direct, thus taking the total count to 1,374 Acceptance Now Staffed stores.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $88.2 million, net senior debt of $187.9 million, and shareholders' equity of $502.5 million. Consolidated total revenue tumbled 8.1% to $749.6 million in the reported quarter, owing to a decline witnessed across the Core U.S., Acceptance Now and Mexico segments, somewhat compensated by enhanced revenue from the Franchising segment.
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Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $88.2 million, net senior debt of $187.9 million, and shareholders' equity of $502.5 million. Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. The rent-to-own operator's quarterly adjusted earnings of 41 cents a share fell 18% short of the Zacks Consensus Estimate and the year-ago figure of 50 cents.
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9235.0
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2016-07-21 00:00:00 UTC
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How To YieldBoost AAN To 19.5% Using Options
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AAN
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https://www.nasdaq.com/articles/how-yieldboost-aan-195-using-options-2016-07-21
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nan
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nan
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Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the November covered call at the $24 strike and collect the premium based on the $1.45 bid, which annualizes to an additional 19% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 19.5% annualized rate in the scenario where the stock is not called away. Any upside above $24 would be lost if the stock rises there and is called away, but AAN shares would have to advance 3.6% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 9.8% return from this trading level, in addition to any dividends collected before the stock was called.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Aaron's Inc, looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
Below is a chart showing AAN's trailing twelve month trading history, with the $24 strike highlighted in red:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $24 strike gives good reward for the risk of having given away the upside beyond $24. ( Do most options expire worthless? This and six other common options myths debunked ). We calculate the trailing twelve month volatility for Aaron's Inc (considering the last 253 trading day closing values as well as today's price of $23.08) to be 49%. For other call options contract ideas at the various different available expirations, visit the AAN Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Thursday, the put volume among S&P 500 components was 827,413 contracts, with call volume at 1.37M, for a put:call ratio of 0.60 so far for the day. Compared to the long-term median put:call ratio of .65, that represents high call volume relative to puts; in other words, buyers are showing a preference for calls in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing AAN's trailing twelve month trading history, with the $24 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $24 strike gives good reward for the risk of having given away the upside beyond $24. Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the November covered call at the $24 strike and collect the premium based on the $1.45 bid, which annualizes to an additional 19% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 19.5% annualized rate in the scenario where the stock is not called away. Any upside above $24 would be lost if the stock rises there and is called away, but AAN shares would have to advance 3.6% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 9.8% return from this trading level, in addition to any dividends collected before the stock was called.
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Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the November covered call at the $24 strike and collect the premium based on the $1.45 bid, which annualizes to an additional 19% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 19.5% annualized rate in the scenario where the stock is not called away. Any upside above $24 would be lost if the stock rises there and is called away, but AAN shares would have to advance 3.6% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 9.8% return from this trading level, in addition to any dividends collected before the stock was called. Below is a chart showing AAN's trailing twelve month trading history, with the $24 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $24 strike gives good reward for the risk of having given away the upside beyond $24.
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Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the November covered call at the $24 strike and collect the premium based on the $1.45 bid, which annualizes to an additional 19% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 19.5% annualized rate in the scenario where the stock is not called away. Any upside above $24 would be lost if the stock rises there and is called away, but AAN shares would have to advance 3.6% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 9.8% return from this trading level, in addition to any dividends collected before the stock was called. In the case of Aaron's Inc, looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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Shareholders of Aaron's Inc (Symbol: AAN) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the November covered call at the $24 strike and collect the premium based on the $1.45 bid, which annualizes to an additional 19% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 19.5% annualized rate in the scenario where the stock is not called away. Below is a chart showing AAN's trailing twelve month trading history, with the $24 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $24 strike gives good reward for the risk of having given away the upside beyond $24. For other call options contract ideas at the various different available expirations, visit the AAN Stock Options page of StockOptionsChannel.com.
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9236.0
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2016-07-14 00:00:00 UTC
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These Are The Only Dividend Champions And Contenders That Appear Attractively Valued
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AAN
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https://www.nasdaq.com/articles/these-are-only-dividend-champions-and-contenders-appear-attractively-valued-2016-07-14
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nan
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nan
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By Chuck Carnevale :
Introduction
As the stock market continues its relentless advance, attractive valuations are getting harder and harder to find. This is especially true for the highest quality blue-chip dividend growth stocks. Perhaps more importantly, in addition to the market's relentless advance, there has also been a clear flight to quality - especially with dividend growth stocks. Therefore, the vast majority of the best-of-breed blue-chip dividend paying stocks are currently trading at elevated levels. In other words, finding high quality and value is very rare today in the dividend growth segment.
This presents a conundrum for the prudent dividend growth investor with money available for investment. Prudence suggests that the quality of the companies chosen for their portfolios is extremely important. It only makes sense to try to invest in the highest quality companies you can find. However, the prudent dividend growth investor also needs to ask and answer another important question. At what point does excessive valuation turn quality into high risk investments? After all, the idea behind investing in quality is to lower risk.
Furthermore, being prudent implies being sensible regarding the valuations you should be willing to pay for even the highest-quality company. The intelligent value investor recognizes that you can overpay for even the best company. Moreover, they understand that investing when valuation is too high reduces the opportunity for attractive returns and simultaneously increases risk. Taking on more risk for lower potential returns is the antithesis of prudent value investing.
However, this poses a second important question that the prudent value investor must also ask and answer. How much quality should you be willing to forgo? Asked differently, what is the proper balance between quality and value? In other words, at what point does attractive valuation compensate you for the risk of investing in lesser quality securities? These are difficult questions for the prudent investor to answer. However, I will attempt to provide some insights into correctly answering these questions with this article.
Dividend Growth Stocks on David Fish's lists of Champions and Contenders
In my previous article titled " These Are The Only Dividend Aristocrats I Would Consider Today " I identified only 7 out of 50 Dividend Aristocrats I would consider investing in currently. This prestigious list of dividend growth stocks covers what is generally considered the crème de la crème of dividend growth stocks. However, author David Fish produces and tracks 3 additional lists of dividend growth stocks with histories of increasing their dividends each year known as the CCC lists.
His Dividend Champions have increased their dividend payout for at least 25 years similar to the Dividend Aristocrats list. However, his list includes 108 Champions versus only 50 Aristocrats. Nevertheless, the majority of companies found in his Dividend Champions are generally high quality dividend growth stocks.
His second list he calls Dividend Contenders, which is comprised of companies that have increased their dividends for 10 to 24 straight years. This list of reliable dividend growth stocks is currently made up of 242 companies. Generally speaking, this is also a list of high-quality dividend growth stocks, but arguably, the quality of the companies on this list would in the general sense not be equal to the Champions or Aristocrats constituents.
Finally, David Fish offers his third list of up-and-coming potential dividend stars known as the Challengers. There are 428 companies currently on this list representing dividend growth stocks that have increased their dividends for 5 to 9 straight years. With this article, I only surveyed the Champions and Contenders looking for attractive valuation. Consistent with what I found when I surveyed the Dividend Aristocrats in my previous article, I only found 6 additional Dividend Champions (excluding any of the duplicate Aristocrats I presented in my previous article) that I considered attractive in today's elevated market.
On the other hand, my cursory review did identify 32 Dividend Challengers that appear attractively valued today. Consequently, this leads me to conclude that the best values for the dividend growth investor might currently be found in the Dividend Challengers. However, that does not automatically imply that the research candidates on this list are of lower quality. On the other hand, some are of lower quality and some are not. Finding impeccable quality available at attractive valuations is currently challenging, to say the least. Nevertheless, the one common denominator with all these research candidates is that they have all increased their dividends each year for the past decade or more.
Why a 15 P/E Ratio is a Rational Valuation Reference
The P/E ratio of 15 is an extremely important and rational valuation reference if you understand the significance of what this metric really means. First and foremost, the P/E ratio is not just a mere number or statistic. It is actually a mathematical calculation that represents the value that a given company's earnings are offering you as an investor. In my most recent article, a comment was made suggesting that applying a P/E ratio of 15 to all companies was overly simplistic. With this article I intend to demonstrate why that is not true for most companies.
As rational investors, we are always attempting to earn the highest possible returns we can at the lowest levels of risk we can assume. Therefore, a rational way to look at investing in a stock is to determine what rate of return the company's earnings power is offering you at a given level of valuation. As I've written many times before, the easiest way to determine this is to simply calculate the earnings yield represented by the company's P/E ratio. This is accomplished by inverting the formula from price to earnings (P/E) to earnings to price (E/P) which gives you the earnings yield. Therefore, a 15 P/E ratio represents an earnings yield of approximately 6.66%. A P/E ratio of 20 represents an earnings yield of 5% and a P/E ratio of 30 represents an earnings yield of 3.33%.
Consequently, when you are evaluating the P/E ratio of a given company, in the back of your mind you should be asking what yield is the company's current earnings offering me? An earnings yield of 6% to 7% (P/E ratio 15) would be the minimum that a rational investor should expect given the risk associated with investing in common stocks. This is especially pronounced when you consider that as a passive shareholder, you will not be receiving all of the company's earnings.
For example, if the company's dividend payout ratio was 50% of earnings, this would imply a current dividend yield of 3.33%. Any return you would expect above that would have to come from capital appreciation potential. Of course, a lower dividend payout ratio would indicate a lower dividend yield -and vice versa. However, the point is that the earnings yield and the dividend yield represents the current returns that the company's earnings power is affording you at any given valuation.
What I am suggesting here is that when you are seeing a company trading at a certain P/E ratio, you should immediately ask yourself what is the earnings yield, and is it high enough to entice me to invest. Obviously, this also suggests that the lower the P/E ratio you pay to invest in a stock, the higher the earnings yield that valuation represents. With all investing, higher yield is always better than lower yield.
Additionally, and as I also have written many times in the past, the long-term returns from stocks has averaged somewhere between a range 6% to 8%. Therefore, an earnings yield that falls within that range (i.e. a P/E ratio of 15) represents an average return expectation with anything less being unacceptable. Therefore, I am recommending that a P/E ratio of 15 represents a very valid and rational valuation reference and perhaps even limit.
Furthermore, suggesting that a P/E ratio of 15 represents a rational value reference for most companies does not simultaneously suggest that the market will not assign a different P/E ratio valuation. However, there is a big difference between market valuation and intrinsic valuation. Stock prices are volatile and changing every day, and with those price changes P/E ratios change in tandem. In other words, P/E ratios will be routinely moving above and below this fair valuation reference.
The key for the rational investor is to understand the difference between sound valuation and market valuation - and then act accordingly. Nevertheless, if the investor finds a reason to not act accordingly, they should at least be aware of the ramifications of their actions. In other words, when you are investing in a stock at a high P/E ratio, you should recognize that you are taking on more risk than the company's earnings power is offering. Consequently, you must depend on future market action for your rewards, because fundamental values are not there. Said differently, the only way you can expect attractive returns when paying a higher valuation is to expect the market to continue to value your company at these high valuations long into the future.
Up to this point what I presented might be considered an interesting theory on valuation and the relevance of the P/E ratio of 15 as an important valuation reference. However, the proof is, as they say, in the pudding. Therefore, if there is any credence to the theory, then we should be able to see it at work under real-world occurrences. In other words, how well does the P/E ratio 15 stand up as a valuation reference when examining the long-term record of actual companies in the stock market over time?
If what I have presented has any relevance, then we should see a strong correlation between a company's stock price and its earnings at a P/E ratio of 15. Furthermore, we should see periods of underperformance when a company's valuation is higher than a P/E ratio of 15, and periods of better performance when the company's valuation is lower than the P/E ratio of 15. And more importantly, during periods of time when the market is valuing the company above this valuation reference we should see the price move back into alignment, and when the market is undervaluing the company it should also eventually move back into alignment with the P/E ratio of 15.
Therefore, in order to test this theory, I am going to provide long-term historical earnings and price correlated F.A.S.T. Graphs™ on all of the Dividend Champions and Challengers that I have identified as fairly valued research candidates by surveying those lists of dividend achievers. Frankly, I'm not sure how many of these companies many readers might find attractive or of interest.
To be honest about it, they are only a few that I would personally be willing to consider. However, the purpose of this exercise was to examine the valuations of what many consider the best sources for dividend growth investing. The bottom line result is that attractive valuations on good dividend growth stocks are hard to find today. Hopefully, there are a few on this list that might be of interest to some of you.
Is the 15 P/E Ratio Overly Simplistic or Profoundly Rational?
In all the many articles on value investing I have authored, the validity of my contention that a P/E ratio of 15 is a sound and valid valuation reference has been often challenged. In most of my articles, I presented a few examples that I considered relevant to the thesis of what I was writing about. However, with this article I'm going to take a more aggressive approach. With this article I'm going to include approximately 40 earnings and price correlated F.A.S.T. Graphs™. I apologize in advance for the number of graphs; however, these 40 companies come in virtually every color and flavor imaginable. Therefore, they represent strong evidence supporting my thesis.
On the majority of these graphs the orange earnings justified valuation reference line will be drawn at a P/E ratio of 15. However, there are a few companies with earnings growth rates above 15% where the orange earnings valuation reference line will be drawn at a higher P/E ratio, and one REIT example where I will be presenting the more appropriate price to funds from operations ((FFO)).
Moreover, in addition to just presenting fairly valued Dividend Champions and Challengers, my more personal motivation is to illustrate to the reader how the P/E ratio of 15 applies to real companies over long-termtime frames. The P/E ratio of 15 as a fair valuation reference is profoundly relevant when you examine the long-term earnings and price correlations of most companies. I contend that the examples presented in this article provide prima facie evidence of that reality. Theory is fine and even interesting to pontificate about, but true insights come from examining how the theory applies and/or works in the real world.
However, in order to truly benefit from this exercise, I would like to focus the reader's attention on to what is actually being displayed. On each company graph presented, please recognize that the orange lines on each graph are drawn at a P/E ratio of 15. The black lines on the graph are plotting monthly closing stock prices over thetime frames presented.
Therefore, when the black price line is touching the orange line, note that this is a time when the P/E ratio of the company is precisely 15. Further note that when the price is above the orange line, the P/E ratio at that time is higher than 15, and when the price is below the orange line the P/E ratio is lower than 15. Most importantly, note how the stock price tracks the 15 P/E ratio closely over time and how it always and eventually moves back into alignment when it becomes disconnected from the orange line. Once you get the hang of what you're looking at, it should only take a few seconds to examine each of the numerous graphs presented.
Additionally, be conscious of what happens to performance when the price is above the orange line and what happens to performance when the price is below the orange line. Also, pay attention to how price correlates to the P/E ratio of 15 during times when the company's earnings are rising as well as when they are falling. I believe that if you spend a little time examining these graphs cognizant of how price reacts in accordance with the P/E ratio of 15, you will gain incredible insight into how important a valuation reference it truly is. At the end of the day, my hope is that it will enhance your investing acumen.
The reader should also note that the honeydew green (white looking) line on the graph plots dividends. The area below this line represents the dividend payout ratio. The light green shaded area above the orange line indicates dividends after they've been paid out of earnings.
4 Out of 108 Fairly Valued Dividend Champions
General Dynamics Corporation ( GD )
The 15 P/E ratio clearly represents sound valuation over time. The best time to have invested in General Dynamics was just after the Great Recession. However, it took patience to reap the ultimate rewards as price eventually moved back to a P/E ratio of 15.
(click to enlarge)
HCP, Inc. ( HCP )
The price of this REIT has clearly followed a price to FFO of 15 over time. Periods of overvaluation and undervaluation are clearly revealed.
(click to enlarge)
1st Source Corporation ( SRCE )
With this example we see price following the P/E ratio of 15 during periods of rising earnings and falling earnings. Once again, periods of overvaluation and undervaluation are clearly revealed.
(click to enlarge)
First Financial Corp ( THFF )
There are many times with this example where price deviates from the P/E ratio of 15. However, it inevitably moves back into alignment and clearly tracks the P/E ratio of 15 over the long.
(click to enlarge)
32 Out of 242 Fairly Valued Dividend Contenders
Aaron's, Inc. ( AAN )
Aaron's doesn't provide much in the way of dividend yield even though it has a history of increasing its dividend each year. However, the correlation between its price and the P/E ratio of 15 is clear and undeniable.
(click to enlarge)
AmerisourceBergen Corporation (ABC)
Fast-growing AmerisourceBergen is an exception to the 15 P/E ratio fair valuation reference. Earnings growth averaging 16.6% per annum commands a P/E ratio of 16.6. However, the earnings and price correlation at this slightly higher valuation is highly correlated.
(click to enlarge)
Acme United Corp. (ACU)
This company has only been paying a dividend since 2004. Although the relationship of price to the P/E ratio of 15 is not as correlated, it is still relevant as a valuation reference. However, in this case it might be wise to lower the threshold to a lower P/E ratio valuation reference.
(click to enlarge)
American Financial Group Inc. (AFG)
Although the P/E ratio of 15 and price is not as correlated as many others, this example still establishes the 15 P/E ratio as an upper limit valuation reference.
(click to enlarge)
Ameriprise Financial, Inc. (AMP)
After being spun off from American Express in 2005, the P/E ratio of 15 represents a profound valuation reference. Once again, periods of undervaluation are clearly revealed.
(click to enlarge)
BancFirst Corporation (BANF)
This is a classic example of the relevance of the P/E ratio of 15 as a valuation reference. Price clearly tracks earnings at that multiple, and periods of overvaluation and undervaluation are clearly revealed.
(click to enlarge)
Best Buy Co., Inc. (BBY)
This example clearly illustrates the danger of disregarding the P/E ratio of 15 as a valuation reference. Many times in the past the market has placed extreme valuations on this stock, and each time the price promptly fell back into alignment with the P/E ratio of 15.
(click to enlarge)
Bunge Limited (BG)
The P/E ratio of 15 as a valuation reference is highly correlated with this example. Investing when the P/E ratio was above 15 has clearly been a mistake. However, earnings have been very cyclical over thistime frame.
(click to enlarge)
Bar Harbor Bankshares (BHB)
Over time this company stock price has tracked earnings and correlated to a P/E ratio of 15. However, investing in this stock when the P/E ratio is below 15 was opportunistic.
(click to enlarge)
Bank of Marin Bancorp (BMRC)
The relevance of the P/E ratio of 15 could not be clearer then with this example.
(click to enlarge)
BOK Financial Corporation (BOKF)
Being only willing to invest in this company with a P/E ratio was 15 or lower would have served you well.
(click to enlarge)
Cardinal Health, Inc. (CAH)
Here we see an excellent example of how violating the P/E ratio of 15 as a valuation reference can be damaging to performance. Long periods of underperformance would have resulted from investing in the stock at P/E ratios above 15.
(click to enlarge)
Cummins Inc (CMI)
The 15 P/E ratio has been an important valuation reference for this cyclical. Reviewing the earnings and price history suggests that it seems prudent to invest in this cyclical at a P/E below this 15 threshold.
(click to enlarge)
Crane Co (CR)
This is an excellent example of the P/E 15 as a rational valuation reference. There are numerous short periods when the price rises above and below this valuation reference, but promptly returns.
(click to enlarge)
CSX Corp (CSX)
Once again, another classic example of the P/E ratio of 15 as a sound valuation guide. Investing at a higher valuation always led to a short-term, and for the most part, a long-term mistake.
(click to enlarge)
Brinker International Inc (EAT)
In this example it is stunning how often the P/E ratio has risen above 15 many times in the past, and even more stunning how quickly price returns to P/E 15. Over the long run price follows the orange P/E 15 line.
(click to enlarge)
FedEx Corporation (FDX)
With this example the market has had a penchant for applying a valuation above the P/E 15 line. Nevertheless, adhering to the 15 P/E valuation reference would have enhanced long term-returns.
(click to enlarge)
The First of Long Island Corporation (FLIC)
Investing in this regional bank at a P/E of 15 or below has clearly been a sound decision. The price and 15 P/E correlation has been high.
(click to enlarge)
Harris Corporation (HRS)
The 15 P/E valuation reference would have kept you out of this example for many years. However, in the long run it would have proved prudent.
(click to enlarge)
International Business Machine (IBM)
Adhering to the 15 P/E valuation reference during the tech bubble would have avoided years of poor performance as price moved into alignment. Additionally, we see a clear relationship of the price to earnings correlation in recent years. The rising dividend has been the story in recent years.
(click to enlarge)
Norfolk Southern Corp (NSC)
The importance of the relevance of the 15 P/E ratio as a valuation reference could not be more clear than with this example. The earnings and price correlation at that valuation is high.
(click to enlarge)
Bank of the Ozarks Inc (OZRK)
With earnings growth averaging above 15%, a P/E ratio equal to the growth rate was a sound valuation reference with this example. The P/E ratio 15 valuation reference is a strong guide for average companies; However, it is rational to pay a higher valuation for higher growing businesses.
(click to enlarge)
Prosperity Bancshares Inc (PB)
Here is another example where the fair value reference P/E Ratio of 15 would serve investors well. Clearly, investing in this regional bank when the valuation was higher than that typically led to poor performance. However, in the long run, price tracked the P/E ratio 15.
(click to enlarge)
Polaris Industries Inc (PII)
In this example, we see the price tracking the P/E ratio of 15 until earnings dramatically accelerated starting in 2010. For the next several years, the company commanded a higher P/E ratio than 15. However, once earnings flattened, the price quickly moved back to the P/E ratio 15 valuation reference.
(click to enlarge)
Perrigo Company (PRGO)
This is a very interesting example where price tracked the P/E ratio of 15 until earnings began accelerating in 2008. For several years this company has traded at a much higher P/E ratio. For clarity, I will be providing an additional graph for thistime frame.
(click to enlarge)
With this shortertime frame, we see an example of stock price trading at a P/E ratio equal to its growth rate of 25.6. When earnings growth is above 15%, a P/E ratio higher than 15 is justified due to the compounding high growth represents. However, note what happened to stock price when the earnings growth began to slow down.
(click to enlarge)
QUALCOMM Inc (QCOM)
This example illustrates the danger of investing in a stock when its P/E ratio is above 15. Even though the company's earnings and dividend growth were strong, the stock price had nowhere to go but sideways for many years.
(click to enlarge)
Ryder System Inc (R)
This example clearly illustrates the relevance of the P/E ratio of 15 as a valuation reference. However, it also illustrates what can happen when earnings are falling. The fair valuation reference P/E ratio of 15 is very relevant as long as the company continues to grow earnings in the future.
(click to enlarge)
Regal Beloit Corporation (RBC)
Once again we see a company's stock price tracking a P/E ratio of 15 over the long run. This principle applied even though earnings were very cyclical.
(click to enlarge)
Shire (SHPG)
This is another example where a P/E ratio above 15 is rational because earnings growth averaged more than 15% per annum. However, the long-term relationship between price and earnings as a valuation reference remains profound.
(click to enlarge)
United Technologies Corporation (UTX)
Although the market shows a history of placing a premium valuation on this blue-chip dividend growth stock, the P/E ratio of 15 still has relevance. Patiently waiting to invest in this stock when its P/E ratio was 15 or lower would produce better returns at lower levels of risk.
(click to enlarge)
Verizon Communications Inc (VZ)
With this example we see the correlation of price to a P/E ratio of 15 even during a long stretch of weak earnings growth. The point here is that the P/E ratio of 15 is a valuation reference, but it does not automatically ensure good returns. Earnings growth has to follow.
(click to enlarge)
Williams-Sonoma Inc (WSM)
Here we see another example where a high rate of earnings growth justifies a higher P/E ratio than 15. In this case, fair value was equal to the company's growth rate of 24.8%. However, I have also added a second shorter graph for this example to illustrate how a P/E ratio of 15 becomes relevant when earnings growth slows.
(click to enlarge)
Since earnings growth only averaged 10.6% since 2011, the 15 P/E ratio fair valuation reference became extremely relevant. Higher P/E ratios eventually gave way to sound valuation.
(click to enlarge)
Summary and Conclusions
If you spent time reviewing the graphs in this article it should now be clear to you how relevant the P/E ratio of 15 truly is as a valuation reference. However, you should also recognize the importance of the word "reference" in that statement. Additionally, you should now immediately understand that if you invest in a company when its P/E ratio is higher than 15, you are paying a high price for the company's earnings power.
Based on the mathematics behind this valuation reference, I believe it is only rational to pay a higher P/E ratio when you are absolutely confident that the company's future earnings growth will be strong. I refer to this as earnings growth yield. If future earnings growth turns out to be high, then you will be purchasing future earnings at a reasonable valuation. On the other hand, if earnings growth is expected to be single digits, I contend that paying any P/E ratio above 15 is too high a price to pay. You can still make money doing this, but you will make less and take on more risk to earn those lower returns. This includes receiving less dividend income as well.
Finally, there are other factors to consider before actually making an investment in a stock even when the P/E ratio is 15 or lower. For example, if earnings growth is expected to fall, then a current P/E ratio of 15 may actually be too high of a high valuation. There are also many other fundamental metrics that should be considered. Nevertheless, I believe that investors should recognize and keep the mathematics behind a P/E ratio of 15 in the forefront of the minds. But there is one thing that I feel certain about, and that is that a P/E ratio of 15 is far from an overly simplistic valuation reference.
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Disclosure: Long VZ,UTX,AAN,ABC,AMP,CMI,CR,EAT,FDX,IBM,NSC,QCOM,GD,HCP
Disclaimer:The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.
See also On The Ground: July IRA Activity on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Disclosure: Long VZ,UTX,AAN,ABC,AMP,CMI,CR,EAT,FDX,IBM,NSC,QCOM,GD,HCP Disclaimer:The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. (click to enlarge) 32 Out of 242 Fairly Valued Dividend Contenders Aaron's, Inc. ( AAN ) Aaron's doesn't provide much in the way of dividend yield even though it has a history of increasing its dividend each year. Moreover, in addition to just presenting fairly valued Dividend Champions and Challengers, my more personal motivation is to illustrate to the reader how the P/E ratio of 15 applies to real companies over long-termtime frames.
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Disclosure: Long VZ,UTX,AAN,ABC,AMP,CMI,CR,EAT,FDX,IBM,NSC,QCOM,GD,HCP Disclaimer:The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. (click to enlarge) 32 Out of 242 Fairly Valued Dividend Contenders Aaron's, Inc. ( AAN ) Aaron's doesn't provide much in the way of dividend yield even though it has a history of increasing its dividend each year. However, author David Fish produces and tracks 3 additional lists of dividend growth stocks with histories of increasing their dividends each year known as the CCC lists.
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(click to enlarge) 32 Out of 242 Fairly Valued Dividend Contenders Aaron's, Inc. ( AAN ) Aaron's doesn't provide much in the way of dividend yield even though it has a history of increasing its dividend each year. Disclosure: Long VZ,UTX,AAN,ABC,AMP,CMI,CR,EAT,FDX,IBM,NSC,QCOM,GD,HCP Disclaimer:The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Furthermore, we should see periods of underperformance when a company's valuation is higher than a P/E ratio of 15, and periods of better performance when the company's valuation is lower than the P/E ratio of 15.
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(click to enlarge) 32 Out of 242 Fairly Valued Dividend Contenders Aaron's, Inc. ( AAN ) Aaron's doesn't provide much in the way of dividend yield even though it has a history of increasing its dividend each year. Disclosure: Long VZ,UTX,AAN,ABC,AMP,CMI,CR,EAT,FDX,IBM,NSC,QCOM,GD,HCP Disclaimer:The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Obviously, this also suggests that the lower the P/E ratio you pay to invest in a stock, the higher the earnings yield that valuation represents.
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9237.0
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2016-06-21 00:00:00 UTC
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Aaron's Becomes Oversold
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AAN
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https://www.nasdaq.com/articles/aarons-becomes-oversold-2016-06-21
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $22.10 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 55.3. A bullish investor could look at AAN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAN shares:
Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $22.24.
According to the ETF Finder at ETF Channel, AAN makes up 1.24% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 0.2% on the day Tuesday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $22.10 per share. A bullish investor could look at AAN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAN shares: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $22.24.
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The chart below shows the one year performance of AAN shares: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $22.24. In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $22.10 per share. A bullish investor could look at AAN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $22.10 per share. The chart below shows the one year performance of AAN shares: Looking at the chart above, AAN's low point in its 52 week range is $20.24 per share, with $40.80 as the 52 week high point - that compares with a last trade of $22.24. A bullish investor could look at AAN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Tuesday, shares of Aaron's Inc (Symbol: AAN) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $22.10 per share. According to the ETF Finder at ETF Channel, AAN makes up 1.24% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 0.2% on the day Tuesday. A bullish investor could look at AAN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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9238.0
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2016-06-02 00:00:00 UTC
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Will Lululemon (LULU) Q1 Earnings Disappoint Estimates?
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AAN
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https://www.nasdaq.com/articles/will-lululemon-lulu-q1-earnings-disappoint-estimates-2016-06-02
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nan
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nan
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Lululemon Athletica Inc.LULU is slated to release first-quarter fiscal 2016 results on Jun 8. Last quarter, the company delivered a positive earnings surprise of 6.3%.
In the trailing four quarters, the company has reported in-line results in two and positive earnings surprise in one quarter, while in the remaining one quarter, earnings lagged estimates. Lululemon has delivered an average positive surprise of 0.2% in the last four quarters. Let's see how things are shaping up for this announcement.
LULULEMON ATHLT Price and Consensus
LULULEMON ATHLT Price and Consensus | LULULEMON ATHLT Quote
Factors Influencing this Quarter
Going into fiscal 2016, Lululemon remains confident of resuming earnings growth driven on the back of continued top-line momentum, gross margin expansion and efficient inventory management. As a result, the company provided an encouraging guidance for fiscal 2016. For the first quarter, Lululemon expects revenues in the range of $483-$488 million, with constant dollar comps growth in the mid-single digits range. Lululemon anticipates earnings in the band of 28-30 cents per share, compared with 34 cents in the year-ago quarter.
Also, the company's four newly formulated growth strategies that target to double revenues to about $4 billion and more than double earnings by 2020, demonstrate prospects for long-term growth.
However, the company remains prone to unfavorable currency movements, which are expected to hurt results throughout fiscal 2016. Management expects modest SG&A deleverage in the year, which is partially accountable to currency movements. This raises concerns for the company's performance during the year.
Earnings Whispers
Our proven model does not conclusively show that Lululemon is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as you will see below:
Zacks ESP: Earnings ESP for Lululemon is currently -3.23%. This is because the Most Accurate estimate of 30 cents is below the Zacks Consensus Estimate of 31 cents.
Zacks Rank: Lululemon currently has a Zacks Rank #3, which increases the predictive power of ESP. However, the company's ESP of -3.23% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks That Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements:
Nike Inc. NKE , expected to report earnings on Jun 23, has an Earnings ESP of +2.08% and a Zacks Rank #3.
Fastenal Company FAST , expected to report earnings on Jul 12, has an Earnings ESP of +4.17% and a Zacks Rank #3.
Aaron's Inc. AAN , expected to report earnings on Jul 22, has an Earnings ESP of +1.75% and a Zacks Rank #3.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FASTENAL (FAST): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
LULULEMON ATHLT (LULU): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc. AAN , expected to report earnings on Jul 22, has an Earnings ESP of +1.75% and a Zacks Rank #3. Click to get this free report FASTENAL (FAST): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company remains prone to unfavorable currency movements, which are expected to hurt results throughout fiscal 2016.
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Click to get this free report FASTENAL (FAST): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. AAN , expected to report earnings on Jul 22, has an Earnings ESP of +1.75% and a Zacks Rank #3. LULULEMON ATHLT Price and Consensus LULULEMON ATHLT Price and Consensus | LULULEMON ATHLT Quote Factors Influencing this Quarter Going into fiscal 2016, Lululemon remains confident of resuming earnings growth driven on the back of continued top-line momentum, gross margin expansion and efficient inventory management.
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Click to get this free report FASTENAL (FAST): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. AAN , expected to report earnings on Jul 22, has an Earnings ESP of +1.75% and a Zacks Rank #3. In the trailing four quarters, the company has reported in-line results in two and positive earnings surprise in one quarter, while in the remaining one quarter, earnings lagged estimates.
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Aaron's Inc. AAN , expected to report earnings on Jul 22, has an Earnings ESP of +1.75% and a Zacks Rank #3. Click to get this free report FASTENAL (FAST): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. In the trailing four quarters, the company has reported in-line results in two and positive earnings surprise in one quarter, while in the remaining one quarter, earnings lagged estimates.
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9239.0
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2016-05-31 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for June 01, 2016
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-june-01-2016-2016-05-31
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nan
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 01, 2016. A cash dividend payment of $0.025 per share is scheduled to be paid on July 01, 2016. Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAN has paid the same dividend. At the current stock price of $25.02, the dividend yield is .4%.
The previous trading day's last sale of AAN was $25.02, representing a -38.68% decrease from the 52 week high of $40.80 and a 23.62% increase over the 52 week low of $20.24.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). AAN's current earnings per share, an indicator of a company's profitability, is $1.87. Zacks Investment Research reports AAN's forecasted earnings growth in 2016 as 5.58%, compared to an industry average of -3.8%.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). Zacks Investment Research reports AAN's forecasted earnings growth in 2016 as 5.58%, compared to an industry average of -3.8%.
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AAN's current earnings per share, an indicator of a company's profitability, is $1.87. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 01, 2016.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAN has paid the same dividend. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 01, 2016. This marks the 3rd quarter that AAN has paid the same dividend.
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9240.0
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2016-05-26 00:00:00 UTC
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Insiders Bullish on Certain Holdings of DGRO
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AAN
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https://www.nasdaq.com/articles/insiders-bullish-certain-holdings-dgro-2016-05-26
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nan
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nan
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A look at the weighted underlying holdings of the iShares Core Dividend Growth ETF ( DGRO ) shows an impressive 13.6% of holdings on a weighted basis have experienced insider buying within the past six months.
LegacyTexas Financial Group Inc (Symbol: LTXB), which makes up 0.01% of the iShares Core Dividend Growth ETF ( DGRO ), has seen 6 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $60,858 worth of LTXB, making it the #419 largest holding. The table below details the recent insider buying activity observed at LTXB:
LTXB - last trade: $26.84 - Recent Insider Buys:
And Aaron's Inc (Symbol: AAN), the #434 largest holding among components of the iShares Core Dividend Growth ETF ( DGRO ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $13,567 worth of AAN, which represents approximately 0.00% of the ETF's total assets at last check. The recent insider buying activity observed at AAN is detailed in the table below:
AAN - last trade: $24.47 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The table below details the recent insider buying activity observed at LTXB: LTXB - last trade: $26.84 - Recent Insider Buys: And Aaron's Inc (Symbol: AAN), the #434 largest holding among components of the iShares Core Dividend Growth ETF ( DGRO ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $13,567 worth of AAN, which represents approximately 0.00% of the ETF's total assets at last check. The recent insider buying activity observed at AAN is detailed in the table below: AAN - last trade: $24.47 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The table below details the recent insider buying activity observed at LTXB: LTXB - last trade: $26.84 - Recent Insider Buys: And Aaron's Inc (Symbol: AAN), the #434 largest holding among components of the iShares Core Dividend Growth ETF ( DGRO ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAN is detailed in the table below: AAN - last trade: $24.47 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $13,567 worth of AAN, which represents approximately 0.00% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at LTXB: LTXB - last trade: $26.84 - Recent Insider Buys: And Aaron's Inc (Symbol: AAN), the #434 largest holding among components of the iShares Core Dividend Growth ETF ( DGRO ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAN is detailed in the table below: AAN - last trade: $24.47 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $13,567 worth of AAN, which represents approximately 0.00% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at LTXB: LTXB - last trade: $26.84 - Recent Insider Buys: And Aaron's Inc (Symbol: AAN), the #434 largest holding among components of the iShares Core Dividend Growth ETF ( DGRO ), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $13,567 worth of AAN, which represents approximately 0.00% of the ETF's total assets at last check. The recent insider buying activity observed at AAN is detailed in the table below: AAN - last trade: $24.47 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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9241.0
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2016-05-05 00:00:00 UTC
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FPA Capital's Largest –st-Quarter Buys
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AAN
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https://www.nasdaq.com/articles/fpa-capitals-largest-st-quarter-buys-2016-05-05
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nan
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nan
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Robert Rodriquez has managed the FPA Capital Fund ( Trades , Portfolio ) and the FPA New Income Fund since the funds' inceptions in -984. He manages a portfolio composed of -- stocks; during the first quarter he bought shares in the following stocks:
The fund raised its stake in Western Digital Corp. ( WDC ) by 44.-6% with an impact of -.'% on the portfolio.
The company is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. During the last quarter it generated $598 million in cash from operations during the second fiscal quarter, ending with total cash and cash equivalents of $5.4 billion. For the future it will continue to execute well as it manages business within an increasingly challenging global economic environment.
GuruFocus gives the stock a profitability and growth rating of 7 out of -… with ROE of --.-6% and ROA of 7.46% that are outperforming 74% of the companies in the Global Data Storage industry. Financial strength has a rating of 8 out of -… with cash to debt of -.'4 that is above the industry median of -.54.
T Rowe Price Equity Income Fund ( Trades , Portfolio ) is the company's largest shareholder among the gurus with -.…6% of outstanding shares followed by Charles Brandes ( Trades , Portfolio ) with ….98%, First Pacific Advisors ( Trades , Portfolio ) with …54%, Joel Greenblatt ( Trades , Portfolio ) with ….4-% and Pioneer Investments ( Trades , Portfolio ) with ….-%.
The guru increased its stake in Houghton Mifflin Harcourt Co. ( HMHC ) by 98.65% with an impact of ….76% on the portfolio.
The company is an educational and trade publisher in the U.S. During the fourth quarter net sales and billing grew --%, and operating loss decreased 4% from the same quarter of a year before. It also repurchased --.4 million shares through privately negotiated transactions bringing the year-to-date total to approximately $46' million worth of shares.
GuruFocus gives the stock a profitability and growth rating of 4 out of -… with ROE of -9.45% and ROA of -4.-7% that are underperforming 8…% of other companies in the Global Education & Training Services industry. Financial strength has a rating of ' out of -… with cash to debt of ….55 that is below the industry median of '.4….
The leading shareholder among the gurus is Manning & Napier Advisors Inc. with '.4-% of outstanding shares followed by Ron Baron ( Trades , Portfolio ) with -.4-%, John Keeley ( Trades , Portfolio ) with -.'4%, First Pacific Advisors ( Trades , Portfolio ) with ….65% and Chuck Royce ( Trades , Portfolio ) with ….-8%.
The fund raised its stake in Aaron's Inc. ( AAN ) by -'.-4% with an impact of ….58% on the portfolio.
The company is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. Fourth-quarter revenue grew by -…%,
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The fund raised its stake in Aaron's Inc. ( AAN ) by -'.-4% with an impact of ….58% on the portfolio. The company is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. GuruFocus gives the stock a profitability and growth rating of 7 out of -… with ROE of --.-6% and ROA of 7.46% that are outperforming 74% of the companies in the Global Data Storage industry.
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The fund raised its stake in Aaron's Inc. ( AAN ) by -'.-4% with an impact of ….58% on the portfolio. Robert Rodriquez has managed the FPA Capital Fund ( Trades , Portfolio ) and the FPA New Income Fund since the funds' inceptions in -984. He manages a portfolio composed of -- stocks; during the first quarter he bought shares in the following stocks: The fund raised its stake in Western Digital Corp. ( WDC ) by 44.-6% with an impact of -.
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The fund raised its stake in Aaron's Inc. ( AAN ) by -'.-4% with an impact of ….58% on the portfolio. He manages a portfolio composed of -- stocks; during the first quarter he bought shares in the following stocks: The fund raised its stake in Western Digital Corp. ( WDC ) by 44.-6% with an impact of -. T Rowe Price Equity Income Fund ( Trades , Portfolio ) is the company's largest shareholder among the gurus with -.…6% of outstanding shares followed by Charles Brandes ( Trades , Portfolio ) with ….98%, First Pacific Advisors ( Trades , Portfolio ) with …54%, Joel Greenblatt ( Trades , Portfolio ) with ….4-% and Pioneer Investments ( Trades , Portfolio ) with ….-%.
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The fund raised its stake in Aaron's Inc. ( AAN ) by -'.-4% with an impact of ….58% on the portfolio. '% on the portfolio. During the last quarter it generated $598 million in cash from operations during the second fiscal quarter, ending with total cash and cash equivalents of $5.4 billion.
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9242.0
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2016-05-02 00:00:00 UTC
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Noteworthy Monday Option Activity: AAN, AIG, GRUB
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AAN
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity-aan-aig-grub-2016-05-02
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's, Inc. (Symbol: AAN), where a total of 2,941 contracts have traded so far, representing approximately 294,100 underlying shares. That amounts to about 41.1% of AAN's average daily trading volume over the past month of 716,220 shares. Particularly high volume was seen for the $28 strike call option expiring May 20, 2016 , with 2,510 contracts trading so far today, representing approximately 251,000 underlying shares of AAN. Below is a chart showing AAN's trailing twelve month trading history, with the $28 strike highlighted in orange:
American International Group Inc (Symbol: AIG) saw options trading volume of 25,106 contracts, representing approximately 2.5 million underlying shares or approximately 41.1% of AIG's average daily trading volume over the past month, of 6.1 million shares. Particularly high volume was seen for the $57.50 strike call option expiring July 15, 2016 , with 2,196 contracts trading so far today, representing approximately 219,600 underlying shares of AIG. Below is a chart showing AIG's trailing twelve month trading history, with the $57.50 strike highlighted in orange:
And GrubHub Inc (Symbol: GRUB) saw options trading volume of 5,233 contracts, representing approximately 523,300 underlying shares or approximately 40.4% of GRUB's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $30 strike call option expiring May 20, 2016 , with 1,107 contracts trading so far today, representing approximately 110,700 underlying shares of GRUB. Below is a chart showing GRUB's trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for AAN options , AIG options , or GRUB options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $28 strike call option expiring May 20, 2016 , with 2,510 contracts trading so far today, representing approximately 251,000 underlying shares of AAN. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's, Inc. (Symbol: AAN), where a total of 2,941 contracts have traded so far, representing approximately 294,100 underlying shares. That amounts to about 41.1% of AAN's average daily trading volume over the past month of 716,220 shares.
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Below is a chart showing AAN's trailing twelve month trading history, with the $28 strike highlighted in orange: American International Group Inc (Symbol: AIG) saw options trading volume of 25,106 contracts, representing approximately 2.5 million underlying shares or approximately 41.1% of AIG's average daily trading volume over the past month, of 6.1 million shares. Below is a chart showing GRUB's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for AAN options , AIG options , or GRUB options , visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's, Inc. (Symbol: AAN), where a total of 2,941 contracts have traded so far, representing approximately 294,100 underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's, Inc. (Symbol: AAN), where a total of 2,941 contracts have traded so far, representing approximately 294,100 underlying shares. Below is a chart showing AAN's trailing twelve month trading history, with the $28 strike highlighted in orange: American International Group Inc (Symbol: AIG) saw options trading volume of 25,106 contracts, representing approximately 2.5 million underlying shares or approximately 41.1% of AIG's average daily trading volume over the past month, of 6.1 million shares. That amounts to about 41.1% of AAN's average daily trading volume over the past month of 716,220 shares.
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Particularly high volume was seen for the $28 strike call option expiring May 20, 2016 , with 2,510 contracts trading so far today, representing approximately 251,000 underlying shares of AAN. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Aaron's, Inc. (Symbol: AAN), where a total of 2,941 contracts have traded so far, representing approximately 294,100 underlying shares. That amounts to about 41.1% of AAN's average daily trading volume over the past month of 716,220 shares.
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9243.0
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2016-04-28 00:00:00 UTC
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Why Rent-A-Center (RCII) Stock Tumbled after Q1 Earnings
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AAN
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https://www.nasdaq.com/articles/why-rent-a-center-rcii-stock-tumbled-after-q1-earnings-2016-04-28
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nan
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nan
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Shares of Rent-A-Center, Inc.RCII tumbled roughly 4.2% during after-market trading hours yesterday, following the announcement of the company's first-quarter 2016 results. The rent-to-own operator registered a year-over-year decline in earnings per share, but continued with its positive earnings surprise streak for the fifth straight quarter. On the other hand, total revenue also declined year over year and came in below our estimate for the third consecutive quarter.
Rent-A-Center, which carries a Zacks Rank #2 (Buy), delivered quarterly earnings of 48 cents a share that beat the Zacks Consensus Estimate of 40 cents but fell 7.7% year over year. On a GAAP basis, the company reported earnings of 47 cents per share compared with 51 cents delivered in the year-ago quarter.
Rent-A-Center Inc. (RCII) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
Total revenue declined 4.8% to $835.7 million in the reported quarter. The decrease in the top line is attributable to a decline witnessed across the Core U.S. and Mexico segments, partly offset by higher revenue from the Acceptance Now and Franchising segments. Revenues also fell well short of the Zacks Consensus Estimate of $851.1 million.
Comparable-store sales (comps) for the quarter dropped 2.5%, reflecting a year-over-year decline of 3.8% in the Core U.S. segment, partially offset by an increase of 9.7% in the Mexico segment. Comps remained flat at the Acceptance Now segment. However, we note that comps across the Acceptance Now and Mexico segments had increased 13.7% and 4.4%, respectively, in the fourth quarter of 2015, while comps at the Core U.S. segment dropped 2.2%.
Comps across the Core U.S. segment declined due to softness in the oil industry affected markets and sluggishness across the computers and tablets categories.
Revenue from Acceptance Now grew 2.7% from the prior-year quarter figure to $230.4 million, whereas revenue from the Core U.S. segment dropped 7.1% to $584.4 million. The Mexico segment's revenue came in at $13.7 million, down 23.3% year over year. Total franchise revenue increased 14.7% to $7.1 million during the quarter.
Rent-A-Center's adjusted operating profit decreased 10.7% to $50.9 million, while adjusted operating margin contracted 40 basis points to 6.1%. Adjusted EBITDA fell 7.9% to $70.7 million, whereas adjusted EBITDA margin shriveled 20 basis points to 8.5%.
Store Update
During the quarter, the company consolidated 6 Core U.S. locations with existing locations and closed 4 locations, bringing the total store count to 2,662. The company also opened 16 Acceptance Now Staffed stores and consolidated 25 stores with existing locations, and included 1 store converted from Acceptance Now Direct, thus taking the total count to 1,436 stores. There were 526 Acceptance Now Direct stores at the end of the quarter, after taking into account 5 Acceptance Now Direct stores opened, 1 converted store to Acceptance Now Staffed, 10 stores consolidated with existing locations and 532 locations at the beginning of the quarter.
In Mexico, the store count at the end of the quarter was 129 after consolidating 4 locations with existing locations and closing 10 stores. Rent-A-Center Franchising, which is a wholly owned subsidiary of Rent-A-Center, ended the quarter with a total store count of 227.
Other Financial Aspects
Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $46.4 million, senior debt of $208 million, and shareholders' equity of $495.7 million. Capital expenditures for the quarter were $14.4 million.
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RENT-A-CENTER (RCII): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AEROCENTURY CP (ACY): Free Stock Analysis Report
MCGRATH RENTCOR (MGRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $46.4 million, senior debt of $208 million, and shareholders' equity of $495.7 million. Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Rent-A-Center, Inc.RCII tumbled roughly 4.2% during after-market trading hours yesterday, following the announcement of the company's first-quarter 2016 results.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $46.4 million, senior debt of $208 million, and shareholders' equity of $495.7 million. The company also opened 16 Acceptance Now Staffed stores and consolidated 25 stores with existing locations, and included 1 store converted from Acceptance Now Direct, thus taking the total count to 1,436 stores.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $46.4 million, senior debt of $208 million, and shareholders' equity of $495.7 million. Revenue from Acceptance Now grew 2.7% from the prior-year quarter figure to $230.4 million, whereas revenue from the Core U.S. segment dropped 7.1% to $584.4 million.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $46.4 million, senior debt of $208 million, and shareholders' equity of $495.7 million. Revenue from Acceptance Now grew 2.7% from the prior-year quarter figure to $230.4 million, whereas revenue from the Core U.S. segment dropped 7.1% to $584.4 million.
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9244.0
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2016-04-26 00:00:00 UTC
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Aaron's (AAN) Q1 Earnings in Focus: What's in the Cards?
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AAN
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https://www.nasdaq.com/articles/aarons-aan-q1-earnings-in-focus%3A-whats-in-the-cards-2016-04-26
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nan
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nan
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Aaron's, Inc.AAN is scheduled to release first-quarter 2016 results on Apr 29. The big question facing investors is, whether this company - engaged in the sales, and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories, will be able to continue with its positive earnings surprise streak in the quarter to be reported.
The company's past performance reveals that it surpassed the Zacks Consensus Estimate in the trailing four quarters by an average of 13.6%, with a positive surprise in three quarters. Let's see how things are shaping up for this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that Aaron's is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. Aaron's has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 74 cents. Aaron's Zacks Rank #3 (Hold) increases the predictive power of ESP. However, the company's ESP of 0.00% makes surprise prediction difficult.
Factors Influencing this Quarter
Aaron's remains impressed with its growth trend and performance recorded in 2015. In the fourth quarter, the company continued to achieve growth at its Progressive segment, which has been reporting profitable results on the back of solid revenues for a while now. Additionally, revenues at its Core business improved marginally, thereby leading to broad-based growth.
For 2016, the company intends to remain focused on developing its omnichannel network and further enhancing its e-commerce trends, in an attempt to boost revenues. Following its 2015 results, the company provided a modest outlook for 2016, which includes contribution from the DAMI acquisition.
While these factors bode well, persistent weakness in Aaron's comparable store sales (comps) remains a concern. For 2016, comps are expected to range from negative 3% to positive 2% in each quarter, while maintaining an improving trend throughout the year. Thus, we would prefer to wait and see what's in store for Aaron's in the quarter to be reported.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Cabela's Incorporated CAB , slated to release earnings on Apr 28, 2016, has an Earnings ESP of +10.8% and a Zacks Rank #3.
Urban Outfitters Inc. URBN , scheduled to release earnings on May 18, 2016, has an Earnings ESP of +8.00% and a Zacks Rank #2 (Buy).
The Home Depot, Inc. HD , scheduled to release earnings on May 17, 2016, has an Earnings ESP of +1.50% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HOME DEPOT (HD): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
URBAN OUTFITTER (URBN): Free Stock Analysis Report
CABELAS INC (CAB): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN is scheduled to release first-quarter 2016 results on Apr 29. Click to get this free report HOME DEPOT (HD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. The big question facing investors is, whether this company - engaged in the sales, and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories, will be able to continue with its positive earnings surprise streak in the quarter to be reported.
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Click to get this free report HOME DEPOT (HD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is scheduled to release first-quarter 2016 results on Apr 29. Zacks Model Shows Unlikely Earnings Beat Our proven model does not conclusively show that Aaron's is likely to beat earnings estimates this quarter.
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Click to get this free report HOME DEPOT (HD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is scheduled to release first-quarter 2016 results on Apr 29. Zacks Model Shows Unlikely Earnings Beat Our proven model does not conclusively show that Aaron's is likely to beat earnings estimates this quarter.
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Aaron's, Inc.AAN is scheduled to release first-quarter 2016 results on Apr 29. Click to get this free report HOME DEPOT (HD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. The company's past performance reveals that it surpassed the Zacks Consensus Estimate in the trailing four quarters by an average of 13.6%, with a positive surprise in three quarters.
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9245.0
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2016-04-19 00:00:00 UTC
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Commit To Purchase Aaron's At $23, Earn 11.2% Annualized Using Options
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AAN
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https://www.nasdaq.com/articles/commit-purchase-aarons-23-earn-112-annualized-using-options-2016-04-19
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nan
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nan
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Investors eyeing a purchase of Aaron's, Inc. (Symbol: AAN) shares, but tentative about paying the going market price of $26.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $23 strike, which has a bid at the time of this writing of $1.50. Collecting that bid as the premium represents a 6.5% return against the $23 commitment, or a 11.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to AAN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $23 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Aaron's, Inc. sees its shares fall 14.8% and the contract is exercised (resulting in a cost basis of $21.50 per share before broker commissions, subtracting the $1.50 from $23), the only upside to the put seller is from collecting that premium for the 11.2% annualized rate of return.
Worth considering, is that the annualized 11.2% figure actually exceeds the 0.4% annualized dividend paid by Aaron's, Inc. by 10.8%, based on the current share price of $26.88. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to fall 14.81% to reach the $23 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Aaron's, Inc., looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Aaron's, Inc., and highlighting in green where the $23 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November put at the $23 strike for the 11.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Aaron's, Inc. (considering the last 253 trading day closing values as well as today's price of $26.88) to be 49%. For other put options contract ideas at the various different available expirations, visit the AAN Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 1.00M contracts, with call volume at 1.00M, for a put:call ratio of 0.75 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors eyeing a purchase of Aaron's, Inc. (Symbol: AAN) shares, but tentative about paying the going market price of $26.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Aaron's, Inc., looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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Investors eyeing a purchase of Aaron's, Inc. (Symbol: AAN) shares, but tentative about paying the going market price of $26.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Aaron's, Inc., looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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Investors eyeing a purchase of Aaron's, Inc. (Symbol: AAN) shares, but tentative about paying the going market price of $26.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Aaron's, Inc., looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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In the case of Aaron's, Inc., looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield. Investors eyeing a purchase of Aaron's, Inc. (Symbol: AAN) shares, but tentative about paying the going market price of $26.88/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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9246.0
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2016-04-15 00:00:00 UTC
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Mid-Day Market Update: Super Micro Computer Drops Following Weak Guidance; Bio Blast Pharma Shares Surge
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AAN
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https://www.nasdaq.com/articles/mid-day-market-update-super-micro-computer-drops-following-weak-guidance-bio-blast-pharma
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nan
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nan
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Midway through trading Friday, the Dow traded down 0.04 percent to 17,919.89 while the NASDAQ declined 0.02 percent to 4,944.71. The S&P also fell, dropping 0.08 percent to 2,081.12.
Leading and Lagging Sectors
On Friday, utilities shares gained by 0.43 percent. Meanwhile, top gainers in the sector included York Water Co (NASDAQ: YORW ), up 3 percent, and Middlesex Water Company (NASDAQ: MSEX ), up 3 percent.
In trading on Friday, energy shares fell by 1.07 percent. Meanwhile, top losers in the sector included Basic Energy Services, Inc (NYSE: BAS ), down 6 percent, and GulfMark Offshore, Inc. (NYSE: GLF ), down 5 percent.
Top Headline
Citigroup Inc (NYSE: C ) reported better-than-expected earnings for the first quarter on Friday.
The bank reported a quarterly profit of $3.5 billion, or $1.10 per share. Its revenue declined 11 percent to $17.56 billion from $19.74 billion. However, analysts were expecting earnings of $1.03 per share on revenue of $17.46 billion.
Equities Trading UP
Great Basin Scientific Inc (NASDAQ: GBSN ) shares shot up 82 percent to $4.98. Great Basin Scientific's revenue for the first quarter increased 59.4 percent to $731,422.
Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 19 percent to $2.85 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. The company completed a Phase 2 six-month trial of its HOPEMD therapy in patients with oculopharyngeal muscular dystrophy (OPMD).
Infosys Ltd ADR (NYSE: INFY ) shares were also up, gaining 8 percent to $19.93 after the company reported its fourth-quarter results. Infosys said it earned $0.23 per share in the fourth quarter on revenue of $2.446 billion. Wall Street analysts were expecting the company to earn $0.23 per share on revenue of $2.43 billion.
Equities Trading DOWN
Sunedison Inc (NYSE: SUNE ) shares dropped 33 percent to $0.392. SunEdison and certain of its first and second lien lenders entered into a confidentiality agreement in March in which certain information regarding the company was provided. SunEdison added that its ongoing negotiations with respect to potential financing transactions are still undergoing and there can be no assurance that any agreement will be reached.
Shares of Ixia (NASDAQ: XXIA ) were down 18 percent to $10.01 after the company lowered its outlook for the first quarter. Management said it now expects revenue between $108 million and $111 million, down from its previous projection of $121 million to $126 million. Non-GAAP earnings are expected to come in between $0.05 and $0.08 per share, down from a previous guidance of $0.10 to $0.14 per share.
Super Micro Computer, Inc. (NASDAQ: SMCI ) was down, falling around 16 percent to $28.02 after the company issued a weak forecast for the third quarter.
Commodities
In commodity news, oil traded down 3.57 percent to $40.02 while gold traded up 0.40 percent to $1,231.40.
Silver traded up 0.14 percent Friday to $16.20, while copper fell 1.29 percent to $2.14.
Eurozone
European shares were lower today. The eurozone's STOXX 600 declined 0.40 percent, the Spanish Ibex Index fell 0.06 percent, while Italy's FTSE MIB Index slipped 0.35 percent. Meanwhile, the German DAX dropped 0.34 percent, and the French CAC 40 slipped 0.36 percent, while U.K. shares fell 0.30 percent.
Economics
The Empire State manufacturing index increased to 9.6 for April, compared to 0.6 in March
U.S. industrial production declined 0.50 percent for March, versus economists' expectations for a 0.10 percent drop.
The University of Michigan's consumer sentiment index slipped to 89.70 in April, versus a prior reading of 91.00. Economists were expecting a reading of 92.00.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 19 percent to $2.85 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. The company completed a Phase 2 six-month trial of its HOPEMD therapy in patients with oculopharyngeal muscular dystrophy (OPMD). SunEdison added that its ongoing negotiations with respect to potential financing transactions are still undergoing and there can be no assurance that any agreement will be reached.
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Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 19 percent to $2.85 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. Equities Trading UP Great Basin Scientific Inc (NASDAQ: GBSN ) shares shot up 82 percent to $4.98. Great Basin Scientific's revenue for the first quarter increased 59.4 percent to $731,422.
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Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 19 percent to $2.85 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. Midway through trading Friday, the Dow traded down 0.04 percent to 17,919.89 while the NASDAQ declined 0.02 percent to 4,944.71. The eurozone's STOXX 600 declined 0.40 percent, the Spanish Ibex Index fell 0.06 percent, while Italy's FTSE MIB Index slipped 0.35 percent.
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Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 19 percent to $2.85 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. In trading on Friday, energy shares fell by 1.07 percent. However, analysts were expecting earnings of $1.03 per share on revenue of $17.46 billion.
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9247.0
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2016-04-15 00:00:00 UTC
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Mid-Afternoon Market Update: Infosys Rises Following Q4 Results; Ixia Shares Slide
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AAN
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https://www.nasdaq.com/articles/mid-afternoon-market-update-infosys-rises-following-q4-results-ixia-shares-slide-2016-04
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nan
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nan
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Toward the end of trading Friday, the Dow traded down 0.13 percent to 17,903.32 while the NASDAQ declined 0.10 percent to 4,940.96. The S&P also fell, dropping 0.09 percent to 2,080.95.
Leading and Lagging Sectors
On Friday, utilities shares gained by 0.53 percent. Meanwhile, top gainers in the sector included Pure Cycle Corporation (NASDAQ: PCYO ), up 5 percent, and Companhia Energetica Minas Gerais (ADR) (NYSE: CIG ), up 4 percent.
In trading on Friday, energy shares fell by 0.89 percent. Meanwhile, top losers in the sector included Basic Energy Services, Inc (NYSE: BAS ), down 6 percent, and Calumet Specialty Products Partners, L.P (NASDAQ: CLMT ), down 6 percent.
Top Headline
Citigroup Inc (NYSE: C ) reported better-than-expected earnings for the first quarter on Friday.
The bank reported a quarterly profit of $3.5 billion, or $1.10 per share. Its revenue declined 11 percent to $17.56 billion from $19.74 billion. However, analysts were expecting earnings of $1.03 per share on revenue of $17.46 billion.
Equities Trading UP
PTC Therapeutics, Inc. (NASDAQ: PTCT ) shares shot up 46 percent to $9.08 on the company's announcement that the England-based National Institute for Health and Care Excellence ( NICE ) has recommended the company's Translarna (ataluren) for ambulatory patients that suffer from nonsense mutation Duchenne muscular dystrophy (nmDMD).
Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 20 percent to $2.87 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. The company completed a Phase 2 six-month trial of its HOPEMD therapy in patients with oculopharyngeal muscular dystrophy (OPMD).
Infosys Ltd ADR (NYSE: INFY ) shares were also up, gaining 8 percent to $19.87 after the company reported its fourth-quarter results. Infosys said it earned $0.23 per share in the fourth quarter on revenue of $2.446 billion. Wall Street analysts were expecting the company to earn $0.23 per share on revenue of $2.43 billion.
Equities Trading DOWN
Sunedison Inc (NYSE: SUNE ) shares dropped 37 percent to $0.367. SunEdison and certain of its first and second lien lenders entered into a confidentiality agreement in March in which certain information regarding the company was provided. SunEdison added that its ongoing negotiations with respect to potential financing transactions are still undergoing and there can be no assurance that any agreement will be reached.
Shares of Ixia (NASDAQ: XXIA ) were down 17 percent to $10.09 after the company lowered its outlook for the first quarter. Management said it now expects revenue between $108 million and $111 million, down from its previous projection of $121 million to $126 million. Non-GAAP earnings are expected to come in between $0.05 and $0.08 per share, down from a previous guidance of $0.10 to $0.14 per share.
Super Micro Computer, Inc. (NASDAQ: SMCI ) was down, falling around 19 percent to $26.91 after the company issued a weak forecast for the third quarter.
Commodities
In commodity news, oil traded down 2.19 percent to $40.59 while gold traded up 0.68 percent to $1,234.80.
Silver traded up 0.75 percent Friday to $16.30, while copper fell 0.81 percent to $2.15.
Eurozone
European shares closed lower today. The eurozone's STOXX 600 declined 0.35 percent, the Spanish Ibex Index fell 0.12 percent, while Italy's FTSE MIB Index slipped 0.39 percent. Meanwhile, the German DAX dropped 0.42 percent, and the French CAC 40 slipped 0.36 percent, while U.K. shares fell 0.34 percent.
Economics
The Empire State manufacturing index increased to 9.6 for April, compared to 0.6 in March
U.S. industrial production declined 0.50 percent for March, versus economists' expectations for a 0.10 percent drop.
The University of Michigan's consumer sentiment index slipped to 89.70 in April, versus a prior reading of 91.00. Economists were expecting a reading of 92.00.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 20 percent to $2.87 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. Equities Trading UP PTC Therapeutics, Inc. (NASDAQ: PTCT ) shares shot up 46 percent to $9.08 on the company's announcement that the England-based National Institute for Health and Care Excellence ( NICE ) has recommended the company's Translarna (ataluren) for ambulatory patients that suffer from nonsense mutation Duchenne muscular dystrophy (nmDMD). Super Micro Computer, Inc. (NASDAQ: SMCI ) was down, falling around 19 percent to $26.91 after the company issued a weak forecast for the third quarter.
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Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 20 percent to $2.87 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. In trading on Friday, energy shares fell by 0.89 percent. Equities Trading DOWN Sunedison Inc (NYSE: SUNE ) shares dropped 37 percent to $0.367.
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Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 20 percent to $2.87 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. Toward the end of trading Friday, the Dow traded down 0.13 percent to 17,903.32 while the NASDAQ declined 0.10 percent to 4,940.96. The eurozone's STOXX 600 declined 0.35 percent, the Spanish Ibex Index fell 0.12 percent, while Italy's FTSE MIB Index slipped 0.39 percent.
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Shares of Bio Blast Pharma Ltd (NASDAQ: ORPN ) got a boost, shooting up 20 percent to $2.87 after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology ( AAN ) 2016 Annual Meeting. In trading on Friday, energy shares fell by 0.89 percent. Equities Trading DOWN Sunedison Inc (NYSE: SUNE ) shares dropped 37 percent to $0.367.
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9248.0
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2016-04-05 00:00:00 UTC
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Aaron's Teams Up with Cricket to Enhance Consumer Service
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AAN
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https://www.nasdaq.com/articles/aarons-teams-up-with-cricket-to-enhance-consumer-service-2016-04-05
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nan
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nan
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Aaron's, Inc.AAN and Cricket Wireless are planning to strike a deal, which will be a first-of-its-kind partnership between the latter and any lease-to-own retailer in the country.
Aaron's is engaged in the sales and lease ownership, and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. On the other hand, Cricket Wireless, which is a subsidiary of AT&T, Inc. T , provides simple, welcoming, and dependable wireless experience countrywide without any annual contract.
This deal is likely to strengthen Cricket Wireless' solid retail channel by adding nearly 2,000 Aaron's stores to it over the next thee months. Alongside, Aaron's strong retail network will enhance customer service by making it easier for them to avail superior and reasonable wireless connection all over the world.
Further, this partnership will allow Aaron's consumers to activate devices bought at its participating stores or any compatible phone on Cricket's convenient all-in rate plans, by using the latter's "Bring Your Own Device" (BYOD) Universal SIM Card Kit.
Additionally, thanks to this partnership, customers at Aaron's will get a chance to enjoy better 4G LTE coverage, compared to other connections. Also, they will get the opportunity to avail various attractive and affordable plans by simply activating their smartphones on Cricket Wireless' channel.
Like any other partnership, this deal is expected to be mutually beneficial for both companies. While the partnership with Cricket Wireless will enable Aaron's to further strengthen its solid offerings and efficiently cater to customers' ever changing demands, it will benefit Cricket Wireless by helping it take a new path, increase customer base and maintain its solid growth momentum.
Zacks Rank
Aaron's currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the retail sector include Target Corp. TGT and Dollar General Corporation DG , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AT&T INC (T): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
DOLLAR GENERAL (DG): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN and Cricket Wireless are planning to strike a deal, which will be a first-of-its-kind partnership between the latter and any lease-to-own retailer in the country. Click to get this free report AT&T INC (T): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's is engaged in the sales and lease ownership, and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
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Click to get this free report AT&T INC (T): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN and Cricket Wireless are planning to strike a deal, which will be a first-of-its-kind partnership between the latter and any lease-to-own retailer in the country. Some better-ranked stocks in the retail sector include Target Corp. TGT and Dollar General Corporation DG , each carrying a Zacks Rank #2 (Buy).
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Aaron's, Inc.AAN and Cricket Wireless are planning to strike a deal, which will be a first-of-its-kind partnership between the latter and any lease-to-own retailer in the country. Click to get this free report AT&T INC (T): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. While the partnership with Cricket Wireless will enable Aaron's to further strengthen its solid offerings and efficiently cater to customers' ever changing demands, it will benefit Cricket Wireless by helping it take a new path, increase customer base and maintain its solid growth momentum.
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Aaron's, Inc.AAN and Cricket Wireless are planning to strike a deal, which will be a first-of-its-kind partnership between the latter and any lease-to-own retailer in the country. Click to get this free report AT&T INC (T): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Also, they will get the opportunity to avail various attractive and affordable plans by simply activating their smartphones on Cricket Wireless' channel.
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9249.0
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2016-03-10 00:00:00 UTC
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Aaron's Inc. CFO Buys 3,000 Shares
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AAN
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https://www.nasdaq.com/articles/aarons-inc-cfo-buys-3000-shares-2016-03-10
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nan
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Steven Michaels ( Insider Trades ), CFO and president of Strategic Operations of Aaron's Inc. ( AAN ), bought 3,000 shares of the company on March 7. The average price per share was $23.47 for a total transaction cost of $70,410. Aaron's Inc. specializes in sales and lease ownership of furniture and appliances. The company has a market cap of $1.74 billion and a P/S ratio of 0.54.
The volume of insider trades per year decreased from 2014 to 2015. There were four transactions of 53,950 shares in 2014, and although there were five insider buys in 2015, they amounted to only 841 shares in total. There were only two transactions up until March 7 with a combined total of 7,000 shares. Michaels acquired 3,000 of the 7,000 shares in the aforementioned transactions, and CEO of Progressive Leasing, Ryan Woodley ( Insider Trades ), acquired the remaining 4,000 shares on the same day for an average per share price of $23.64. Aside from the transactions previously mentioned, Michaels sold 11,250 shares for an average price of $29.78 per share in 2012. The value has since decreased by nearly 20%. The number and volume of insider sells per year decreased from 19 transactions totaling 406,848 shares in 2013, to two insider sells of 9,335 shares in 2015. The increase in insider buys in 2015 correlates to a dip in month end price in early 2015. The month end price has since dropped lower, which may spark an increase in AAN insider buys in the early months of 2016. For more information about insider transactions with AAN, click here .
The company reported revenues of $821.199 million in the fourth quarter of 2015, up from $748.402 million in the year-ago quarter. Net income decreased when comparing the same period of time. The company reported net earnings of $22.094 million compared to $21.726 million in the prior year quarter. CEO John Robinson commented that the company, "completed a strong year with record revenues," in part due to the success of ecommerce and the strength of "fourth quarter sequential customer growth in the core business." AAN net revenue increased 10.44% since 2011, and AAN net income decreased by 4.44% since 2011. The board of directors declared a dividend of 25 cents per share of common stock payable April 1 to shareholders of record as of close of business on March 15. AAN also announced a partnership with Clint Bowyer, a NASCAR driver. Vice President of Marketing Andrea Freeman stated that Aaron's is excited to continue the legacy of NASCAR in Atlanta, and will welcome Bowyer to the Aaron's family.
According to GuruFocus.com, Aaron's Inc. has a business predictability rank of 4.5 out of 5 stars. For more information about business predictability rank, click here .
Joel Greenblatt ( Trades , Portfolio ) increased his stake in AAN, while David Dreman ( Trades , Portfolio ) decreased his stake in AAN during the fourth quarter of 2015. Greenblatt acquired 293,692 shares at
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Steven Michaels ( Insider Trades ), CFO and president of Strategic Operations of Aaron's Inc. ( AAN ), bought 3,000 shares of the company on March 7. The month end price has since dropped lower, which may spark an increase in AAN insider buys in the early months of 2016. For more information about insider transactions with AAN, click here .
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AAN net revenue increased 10.44% since 2011, and AAN net income decreased by 4.44% since 2011. Joel Greenblatt ( Trades , Portfolio ) increased his stake in AAN, while David Dreman ( Trades , Portfolio ) decreased his stake in AAN during the fourth quarter of 2015. Steven Michaels ( Insider Trades ), CFO and president of Strategic Operations of Aaron's Inc. ( AAN ), bought 3,000 shares of the company on March 7.
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Steven Michaels ( Insider Trades ), CFO and president of Strategic Operations of Aaron's Inc. ( AAN ), bought 3,000 shares of the company on March 7. The month end price has since dropped lower, which may spark an increase in AAN insider buys in the early months of 2016. For more information about insider transactions with AAN, click here .
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AAN net revenue increased 10.44% since 2011, and AAN net income decreased by 4.44% since 2011. Steven Michaels ( Insider Trades ), CFO and president of Strategic Operations of Aaron's Inc. ( AAN ), bought 3,000 shares of the company on March 7. The month end price has since dropped lower, which may spark an increase in AAN insider buys in the early months of 2016.
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9250.0
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2016-03-09 00:00:00 UTC
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This ETF Holds Stocks Insiders Want to Own
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AAN
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https://www.nasdaq.com/articles/etf-holds-stocks-insiders-want-own-2016-03-09
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nan
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nan
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A look at the weighted underlying holdings of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months.
Aaron's, Inc. (Symbol: AAN), which makes up 0.27% of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $230,207 worth of AAN, making it the #98 largest holding. The table below details the recent insider buying activity observed at AAN:
AAN - last trade: $23.76 - Recent Insider Buys:
And Ascena Retail Group Inc (Symbol: ASNA), the #181 largest holding among components of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $224,441 worth of ASNA, which represents approximately 0.26% of the ETF's total assets at last check. The recent insider buying activity observed at ASNA is detailed in the table below:
ASNA - last trade: $10.14 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc. (Symbol: AAN), which makes up 0.27% of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAN: AAN - last trade: $23.76 - Recent Insider Buys: And Ascena Retail Group Inc (Symbol: ASNA), the #181 largest holding among components of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $230,207 worth of AAN, making it the #98 largest holding.
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Aaron's, Inc. (Symbol: AAN), which makes up 0.27% of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAN: AAN - last trade: $23.76 - Recent Insider Buys: And Ascena Retail Group Inc (Symbol: ASNA), the #181 largest holding among components of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $230,207 worth of AAN, making it the #98 largest holding.
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The table below details the recent insider buying activity observed at AAN: AAN - last trade: $23.76 - Recent Insider Buys: And Ascena Retail Group Inc (Symbol: ASNA), the #181 largest holding among components of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), shows 3 directors and officers as recently filing Form 4's indicating purchases. Aaron's, Inc. (Symbol: AAN), which makes up 0.27% of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $230,207 worth of AAN, making it the #98 largest holding.
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The ETF holds a total of $230,207 worth of AAN, making it the #98 largest holding. The table below details the recent insider buying activity observed at AAN: AAN - last trade: $23.76 - Recent Insider Buys: And Ascena Retail Group Inc (Symbol: ASNA), the #181 largest holding among components of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), shows 3 directors and officers as recently filing Form 4's indicating purchases. Aaron's, Inc. (Symbol: AAN), which makes up 0.27% of the Guggenheim S&P MidCap 400 Equal Weight ETF (Symbol: EWMC), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data.
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9251.0
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2016-03-01 00:00:00 UTC
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Daily Dividend Report: EQY, CHH, AAN, NSP, JE, UBSI
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AAN
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https://www.nasdaq.com/articles/daily-dividend-report-eqy-chh-aan-nsp-je-ubsi-2016-03-01
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nan
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nan
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Equity One ( EQY ) has declared a cash dividend of $0.22 per share of its common stock for the quarter ending March 31, 2016, payable on March 31, 2016 to stockholders of record on March 17, 2016.
Choice Hotels International ( CHH ) declared a quarterly cash dividend of $0.205 per share of common stock. The dividend is payable on April 18, 2016 to shareholders of record on April 4, 2016.
Aaron's ( AAN ) has declared a quarterly cash dividend. The dividend declared is $.025 per share on Common Stock, payable April 1, 2016 to shareholders of record as of the close of business on March 15, 2016.
Insperity ( NSP ) has declared a quarterly cash dividend of $0.22 per share. The cash dividend will be paid on March 30, 2016 to all stockholders of record as of March 15, 2016.
Just Energy Group ( JE ) announced a quarterly dividend of Cdn. $0.125/common share will be paid on March 31, 2016 to shareholders of record at the close of business on March 15, 2016.
United Bankshares (UBSI) declared a first quarter 2016 dividend of $0.33 per share for shareholders of record as of March 11, 2016. The dividend payout of approximately $23.0 million on 69.6 million shares is payable April 1, 2016.
VIDEO: Daily Dividend Report: EQY, CHH, AAN, NSP, JE, UBSI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's ( AAN ) has declared a quarterly cash dividend. VIDEO: Daily Dividend Report: EQY, CHH, AAN, NSP, JE, UBSI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Choice Hotels International ( CHH ) declared a quarterly cash dividend of $0.205 per share of common stock.
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VIDEO: Daily Dividend Report: EQY, CHH, AAN, NSP, JE, UBSI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's ( AAN ) has declared a quarterly cash dividend. Equity One ( EQY ) has declared a cash dividend of $0.22 per share of its common stock for the quarter ending March 31, 2016, payable on March 31, 2016 to stockholders of record on March 17, 2016.
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Aaron's ( AAN ) has declared a quarterly cash dividend. VIDEO: Daily Dividend Report: EQY, CHH, AAN, NSP, JE, UBSI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Equity One ( EQY ) has declared a cash dividend of $0.22 per share of its common stock for the quarter ending March 31, 2016, payable on March 31, 2016 to stockholders of record on March 17, 2016.
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Aaron's ( AAN ) has declared a quarterly cash dividend. VIDEO: Daily Dividend Report: EQY, CHH, AAN, NSP, JE, UBSI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Equity One ( EQY ) has declared a cash dividend of $0.22 per share of its common stock for the quarter ending March 31, 2016, payable on March 31, 2016 to stockholders of record on March 17, 2016.
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9252.0
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2016-02-19 00:00:00 UTC
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Aaron's (AAN) Beats on Earnings & Sales in Q4, Guides 2016
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AAN
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https://www.nasdaq.com/articles/aarons-aan-beats-on-earnings-sales-in-q4-guides-2016-2016-02-19
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nan
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nan
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Aaron's Inc.AAN reported better-than-expected results for the fourth quarter of 20Array5 and the full year. However, shares of this rent-to-own company declined 6.3% yesterday, possibly due to the persistent weakness in the company's comparable-store sales (comps) results.
Aaron's adjusted earnings per share of 4Array cents for the fourth quarter were up nearly 5% from last year and above the Zacks Consensus Estimate of 39 cents. Including one-time items, the company reported earnings of 30 cents per share, flat with the prior-year quarter.
Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany
The company's revenues surged nearly Array0% to $82Array.2 million and surpassed the Zacks Consensus Estimate of $8Array2 million.
Comps at the company-owned stores fell 3.4%, while the customer count, on a same-store basis, dipped Array.2%. Comps at the company's franchise stores registered a 2.4% improvement owing to a Array.8% rise in the same-store customer count.
The company's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 7.3% to $67.4 million from $62.8 million in the prior-year period. However, adjusted EBITDA margin contracted 20 basis points (bps) to 8.2%.
Segment Details
Core Business
Within the core business, the company's Sales & Lease Ownership division posted revenues of $525.5 million, up 0.6% from the fourth quarter of 20Array4. Further, HomeSmart revenues of $Array5.8 million rose Array.9%. The segment's EBITDA was $42.9 million, with margin contracting 40 bps to 7.9%.
At the year end, the company's self-operated stores had Array.08 million customers, while the franchisees had a customer base of 58Array,000. This reflected a 0.4% year-over-year dip in the total customer count.
Progressive
Progressive, acquired in Apr 20Array4, contributed $276.Array million to revenues in the fourth quarter of 20Array5, marking a 3Array.6% year-over-year surge. This was driven by Array6% growth in invoice volume per active door. The segment's EBITDA was $25.5 million or 9.2% as a percentage of revenues. Moreover, Progressive had 5Array3,000 customers as on Dec 3Array, 20Array5, representing Array8% growth from last year. We note that Progressive had acquired DAMI in Oct 20Array5, which did not contribute significantly in the fourth quarter.
Full-Year 20Array5 Synopsis
For 20Array5, the company's adjusted earnings came in at $2.Array5 per share, up 27% from 20Array4 and ahead of the Zacks Consensus Estimate of $2.Array3. Revenues for the year soared Array8% to $3,Array79.8 million and surpassed the Zacks Consensus Estimate of $3,Array70 million.
Financial Position
Aaron's ended 20Array5 with cash and cash equivalents of $Array4.9 million, debt of $6Array0.5 million, and total shareholders' equity of $Array,366.6 million.
In 20Array5, this Zacks Rank #3 (Hold) company generated cash from operations of $Array66.8 million.
Store Update
Aaron's opened one each of the company-operated Aaron's Sales & Lease Ownership stores and franchised stores. Additionally, it acquired five franchised stores. The company also sold four franchised Aaron's Sales & Lease Ownership stores to a third party. Finally, the company shuttered one company-operated Sales & Lease Ownership store, along with 22 franchised ones.
As of Dec 3Array, 20Array5, Aaron's had a total of Array,223 company-operated Sales & Lease Ownership stores, 732 franchised Sales & Lease Ownership stores, 82 company-operated HomeSmart stores and 2 franchised HomeSmart stores. Consequently, the company operated 2,039 stores in total as of the year end.
Guidance
Following its announcement of 20Array5 results, the company provided its outlook for 20Array6, which includes contribution from the DAMI acquisition. The company expects consolidated revenues in the range of $3.25-$3.45 billion, excluding franchised revenues.
Segment-wise, the company expects revenues for the core segment in the range of $2.05-$2.Array5 billion, while Progressive is expected to contribute about $Array.02-$Array.30 billion to total revenue. Core business revenues will include about $Array.55-$Array.65 billion from lease revenues. Comps are expected to come in the range of negative 3% to positive 2% in each quarter, maintaining an improving trend anticipated throughout 20Array6.
Adjusted EBITDA is projected in the range of $330-$360 million, including core business adjusted EBITDA of $2Array0-$230 million and Progressive adjusted EBITDA of $Array25-$Array35 million.
Consequently, the company anticipates GAAP earnings for 20Array6 in the range of $2.03-$2.23 per share, while adjusted earnings are estimated to range from $2.20-$2.40 per share. Consolidated capital spending in 20Array6 is expected to be $70-$90 million.
Stocks to Consider
Some better-ranked stocks in the broader retail sector include Abercrombie & Fitch Co. ANF , with a Zacks Rank #Array (Strong Buy), and Foot Locker Inc. FL and DSW Inc. DSW , both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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AARONS INC (AAN): Free Stock Analysis Report
ABERCROMBIE (ANF): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc.AAN reported better-than-expected results for the fourth quarter of 20Array5 and the full year. Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany The company's revenues surged nearly Array0% to $82Array.2 million and surpassed the Zacks Consensus Estimate of $8Array2 million. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN reported better-than-expected results for the fourth quarter of 20Array5 and the full year. Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany The company's revenues surged nearly Array0% to $82Array.2 million and surpassed the Zacks Consensus Estimate of $8Array2 million.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN reported better-than-expected results for the fourth quarter of 20Array5 and the full year. Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany The company's revenues surged nearly Array0% to $82Array.2 million and surpassed the Zacks Consensus Estimate of $8Array2 million.
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Aaron's Inc.AAN reported better-than-expected results for the fourth quarter of 20Array5 and the full year. Aaron's Inc. (AAN) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany The company's revenues surged nearly Array0% to $82Array.2 million and surpassed the Zacks Consensus Estimate of $8Array2 million. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here.
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9253.0
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2016-02-16 00:00:00 UTC
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Aaron's (AAN) Q4 Earnings: Is a Disappointment in Store?
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AAN
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https://www.nasdaq.com/articles/aarons-aan-q4-earnings%3A-is-a-disappointment-in-store-2016-02-16
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nan
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nan
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Aaron's, Inc.AAN is slated to report fourth-quarter 2015 results on Feb 18. In the last quarter, the company had delivered a negative earnings surprise of 18.8%. Let's see how things are shaping up for this announcement.
Factors Influencing This Quarter
Aaron's delivered lower-than-expected top and bottom-line results in the previous quarter. The company stated that the third quarter was a challenging one, as evident from the decline in same-store revenues at the core segment. Following the soft quarter, Aaron's lowered its earnings and EBITDA outlook for 2015.
For 2015, Aaron's now expects EBITDA between $308 million and $328 million compared with the previous guidance of $325-$350 million. Adjusted earnings are now estimated to range from $2.02-$2.22 per share compared with the prior expectation of $2.16-$2.36.
While these factors make us apprehensive about Aaron's upcoming results, management remains impressed with Progressive's performance, which continued to report profitable results on the back of solid revenues.
Earnings Whispers
Our proven model does not conclusively show that Aaron's is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Aaron's has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 39 cents.
Zacks Rank: Aaron's carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks That Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements:
Foot Locker, Inc. FL has an Earnings ESP of +1.79% and a Zacks Rank #2 (Buy).
Lowe's Companies, Inc. LOW has an Earnings ESP of +1.70% and a Zacks Rank #3 (Hold).
Avis Budget Group, Inc. CAR has an Earnings ESP of +15.00% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AVIS BUDGET GRP (CAR): Free Stock Analysis Report
LOWES COS (LOW): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN is slated to report fourth-quarter 2015 results on Feb 18. Click to get this free report AVIS BUDGET GRP (CAR): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. The company stated that the third quarter was a challenging one, as evident from the decline in same-store revenues at the core segment.
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Click to get this free report AVIS BUDGET GRP (CAR): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is slated to report fourth-quarter 2015 results on Feb 18. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report AVIS BUDGET GRP (CAR): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is slated to report fourth-quarter 2015 results on Feb 18. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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Aaron's, Inc.AAN is slated to report fourth-quarter 2015 results on Feb 18. Click to get this free report AVIS BUDGET GRP (CAR): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. In the last quarter, the company had delivered a negative earnings surprise of 18.8%.
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9254.0
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2016-02-08 00:00:00 UTC
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Analysts Anticipate PFM Will Reach $22
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AAN
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https://www.nasdaq.com/articles/analysts-anticipate-pfm-will-reach-22-2016-02-08
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Dividend Achievers Portfolio ETF (Symbol: PFM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $22.36 per unit.
With PFM trading at a recent price near $20.04 per unit, that means that analysts see 11.60% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PFM's underlying holdings with notable upside to their analyst target prices are Sunoco Logistics Partners L.P. (Symbol: SXL), Genesis Energy L.P. (Symbol: GEL), and Aaron's, Inc. (Symbol: AAN). Although SXL has traded at a recent price of $21.69/share, the average analyst target is 74.68% higher at $37.89/share. Similarly, GEL has 65.86% upside from the recent share price of $27.39 if the average analyst target price of $45.43/share is reached, and analysts on average are expecting AAN to reach a target price of $33.12/share, which is 57.29% above the recent price of $21.06. Below is a twelve month price history chart comparing the stock performance of SXL, GEL, and AAN:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a twelve month price history chart comparing the stock performance of SXL, GEL, and AAN: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PFM's underlying holdings with notable upside to their analyst target prices are Sunoco Logistics Partners L.P. (Symbol: SXL), Genesis Energy L.P. (Symbol: GEL), and Aaron's, Inc. (Symbol: AAN). Similarly, GEL has 65.86% upside from the recent share price of $27.39 if the average analyst target price of $45.43/share is reached, and analysts on average are expecting AAN to reach a target price of $33.12/share, which is 57.29% above the recent price of $21.06.
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Similarly, GEL has 65.86% upside from the recent share price of $27.39 if the average analyst target price of $45.43/share is reached, and analysts on average are expecting AAN to reach a target price of $33.12/share, which is 57.29% above the recent price of $21.06. Three of PFM's underlying holdings with notable upside to their analyst target prices are Sunoco Logistics Partners L.P. (Symbol: SXL), Genesis Energy L.P. (Symbol: GEL), and Aaron's, Inc. (Symbol: AAN). Below is a twelve month price history chart comparing the stock performance of SXL, GEL, and AAN: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, GEL has 65.86% upside from the recent share price of $27.39 if the average analyst target price of $45.43/share is reached, and analysts on average are expecting AAN to reach a target price of $33.12/share, which is 57.29% above the recent price of $21.06. Below is a twelve month price history chart comparing the stock performance of SXL, GEL, and AAN: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PFM's underlying holdings with notable upside to their analyst target prices are Sunoco Logistics Partners L.P. (Symbol: SXL), Genesis Energy L.P. (Symbol: GEL), and Aaron's, Inc. (Symbol: AAN).
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Below is a twelve month price history chart comparing the stock performance of SXL, GEL, and AAN: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PFM's underlying holdings with notable upside to their analyst target prices are Sunoco Logistics Partners L.P. (Symbol: SXL), Genesis Energy L.P. (Symbol: GEL), and Aaron's, Inc. (Symbol: AAN). Similarly, GEL has 65.86% upside from the recent share price of $27.39 if the average analyst target price of $45.43/share is reached, and analysts on average are expecting AAN to reach a target price of $33.12/share, which is 57.29% above the recent price of $21.06.
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9255.0
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2016-02-02 00:00:00 UTC
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Why Rent-A-Center Stock Tumbled after Q4 Earnings Results
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AAN
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https://www.nasdaq.com/articles/why-rent-a-center-stock-tumbled-after-q4-earnings-results-2016-02-02
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nan
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nan
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Shares of Rent-A-Center, Inc.RCII plunged roughly 11.9% during after-market trading hours yesterday, following the announcement of the company's fourth-quarter 2015 results. The rent-to-own operator registered year-over-year growth in earnings per share and continued with its positive earnings surprise streak for the fourth straight quarter. However, total revenue declined year over year and came in below analysts' expectations for the second consecutive quarter that took a toll on the stock.
Rent-A-Center, which carries a Zacks Rank #3 (Hold), delivered quarterly earnings of 54 cents a share that beat the Zacks Consensus Estimate by a couple of cents and jumped 6% year over year. On a GAAP basis, the company reported a loss of $17.20 per share due to goodwill impairment charge. In the year-ago period, it had recorded earnings of 48 cents per share.
Total revenue dropped marginally by 0.3% to $793.8 million in the reported quarter. On an adjusted basis, total revenue dipped 0.4%. The decrease in the top line is attributable to a decline witnessed across the Core U.S. and Mexico segments, partly offset by higher revenue from the Acceptance Now and Franchising segments. Revenues also fell well short of the Zacks Consensus Estimate of $812 million.
Comparable-store sales (comps) for the quarter grew 1.7%, reflecting a year-over-year increase of 13.7% and 4.4% across the Acceptance Now and Mexico segments, respectively, partially offset by a decline of 2.2% in the Core U.S. segment. However, we note that comps across Acceptance Now and Mexico segments declined from 24.5% and 5%, respectively, reported in the preceding quarter.
Comps across the Core U.S. segment contracted 200 basis points sequentially and 160 basis points from the prior-year quarter. The decline was due to softness in oil industry affected markets and sluggishness across the computers and tablets category, partly offset by an upside witnessed across furniture, consumer electronics, and appliances.
Revenue from Acceptance Now surged 16.4% to $196.9 million from the prior-year quarter figure, whereas revenue from the Core U.S. segment dropped 4.5% to $573.8 million. The Mexico segment's revenue came in at $15 million, down 23.3% year over year. Total franchise revenue increased 11.7% to $8.1 million during the quarter.
Rent-A-Center's adjusted operating profit increased 5.6% to $53.5 million, while adjusted operating margin expanded 30 basis points to 6.7%. Adjusted EBITDA rose slightly by 0.9% to $74 million, whereas adjusted EBITDA margin increased 10 basis points to 9.3%.
Store Update
During the quarter, the company converted 18 Core U.S. locations to franchisees, consolidated 2 stores with the existing locations and closed 5 locations, bringing the total store count to 2,672. The company also opened 30 Acceptance Now Staffed stores, converted 25 to Acceptance Now Direct and consolidated 29 stores with the existing locations, taking the total count to 1,444 stores. There were 532 Acceptance Now Direct stores at the end of the quarter, which include 286 Acceptance Now Direct stores opened, 25 converted stores from Acceptance Now Staffed, 2 closed stores and 223 locations at the beginning of the quarter.
In Mexico, the store count at the end of the quarter was 143. Rent-A-Center Franchising, which is a wholly owned subsidiary of Rent-A-Center, added 3 new locations and 18 converted stores, with the total store count coming to 227.
Other Financial Aspects
Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $60.4 million, senior debt of $425.6 million, and shareholders' equity of $470.5 million. Capital expenditures for the quarter were $19.7 million.
The company's board of directors declared a quarterly dividend of 8 cents per share, to be paid on Apr 21, 2016, to shareholders on record as of Apr 4.
Guidance
Management now anticipates Core U.S. revenue to decrease in the band of 4%-6% in 2016, impacted by a comps decline of 1%-3%. Rent-A-Center projects Acceptance Now revenue between $850 million and $900 million for the full year. Based on these expectations, management envisions earnings per share growth in 2016.
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RENT-A-CENTER (RCII): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AEROCENTURY CP (ACY): Free Stock Analysis Report
MCGRATH RENTCOR (MGRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $60.4 million, senior debt of $425.6 million, and shareholders' equity of $470.5 million. Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Rent-A-Center, Inc.RCII plunged roughly 11.9% during after-market trading hours yesterday, following the announcement of the company's fourth-quarter 2015 results.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $60.4 million, senior debt of $425.6 million, and shareholders' equity of $470.5 million. The company also opened 30 Acceptance Now Staffed stores, converted 25 to Acceptance Now Direct and consolidated 29 stores with the existing locations, taking the total count to 1,444 stores.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $60.4 million, senior debt of $425.6 million, and shareholders' equity of $470.5 million. Revenue from Acceptance Now surged 16.4% to $196.9 million from the prior-year quarter figure, whereas revenue from the Core U.S. segment dropped 4.5% to $573.8 million.
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Other Financial Aspects Rent-A-Center, which shares space with McGrath Rentcorp MGRC , AeroCentury Corp. ACY and Aaron's, Inc. AAN , ended the quarter with cash and cash equivalents of $60.4 million, senior debt of $425.6 million, and shareholders' equity of $470.5 million. Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Total revenue dropped marginally by 0.3% to $793.8 million in the reported quarter.
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9256.0
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2016-01-28 00:00:00 UTC
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McGraw Hill Hikes Dividend a Week Before Earnings Release
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AAN
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https://www.nasdaq.com/articles/mcgraw-hill-hikes-dividend-a-week-before-earnings-release-2016-01-28
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nan
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nan
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With just a week to go before its fourth-quarter 2015 earnings release, McGraw Hill Financial, Inc.MHFI announced a dividend hike in an attempt to bring investors' focus back to the stock. We observe that shares of this Zacks Rank #3 (Hold) company have declined roughly 12% so far in 2016. Yesterday, the stock settled at $83.51, down 1% from the previous day's trading session.
Nevertheless, a few analysts are of the view that this dividend increase will help boost investors' confidence in the stock to an extent. The New York-based company raised its quarterly dividend by 9% to 36 cents (or $1.44 annually) from 33 cents a share (or $1.32 annually). The increased dividend will be paid on Mar 10, 2016, to stockholders on record as of Feb 25. The dividend yield based on the new payout and the last closing market price is approximately 1.7%.
The company had last hiked its quarterly dividend by 10% to 33 cents in Feb 2015. Other companies that increased their quarterly dividend in the recent past include Omega Healthcare Investors Inc. OHI and Aaron's, Inc. AAN . While Omega Healthcare is committed to return 1.8% more to shareholders through its dividend of 57 cents per share, Aaron's raised its dividend by 8.7% to 2.5 cents per share.
McGraw-Hill, which competes with Moody's Corporation MCO , started distributing dividends way back in 1937. Since 1974, the company has boosted its dividend at a compound annual dividend growth rate of around 9.5%, and now counts among those S&P 500 companies that have raised dividend annually for at least the last 43 years.
Dividend hikes not only enhance shareholder returns, but also raise the market value of the stock. Through this strategy, companies persuade investors to either buy or hold the scrip instead of selling it.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MOODYS CORP (MCO): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
OMEGA HLTHCARE (OHI): Free Stock Analysis Report
MCGRAW HILL FIN (MHFI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other companies that increased their quarterly dividend in the recent past include Omega Healthcare Investors Inc. OHI and Aaron's, Inc. AAN . Click to get this free report MOODYS CORP (MCO): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report MCGRAW HILL FIN (MHFI): Free Stock Analysis Report To read this article on Zacks.com click here. With just a week to go before its fourth-quarter 2015 earnings release, McGraw Hill Financial, Inc.MHFI announced a dividend hike in an attempt to bring investors' focus back to the stock.
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Click to get this free report MOODYS CORP (MCO): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report MCGRAW HILL FIN (MHFI): Free Stock Analysis Report To read this article on Zacks.com click here. Other companies that increased their quarterly dividend in the recent past include Omega Healthcare Investors Inc. OHI and Aaron's, Inc. AAN . While Omega Healthcare is committed to return 1.8% more to shareholders through its dividend of 57 cents per share, Aaron's raised its dividend by 8.7% to 2.5 cents per share.
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Click to get this free report MOODYS CORP (MCO): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report MCGRAW HILL FIN (MHFI): Free Stock Analysis Report To read this article on Zacks.com click here. Other companies that increased their quarterly dividend in the recent past include Omega Healthcare Investors Inc. OHI and Aaron's, Inc. AAN . While Omega Healthcare is committed to return 1.8% more to shareholders through its dividend of 57 cents per share, Aaron's raised its dividend by 8.7% to 2.5 cents per share.
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Other companies that increased their quarterly dividend in the recent past include Omega Healthcare Investors Inc. OHI and Aaron's, Inc. AAN . Click to get this free report MOODYS CORP (MCO): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report MCGRAW HILL FIN (MHFI): Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, a few analysts are of the view that this dividend increase will help boost investors' confidence in the stock to an extent.
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9257.0
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2016-01-21 00:00:00 UTC
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Will Aaron's Management Changes Drive Long-Term Growth?
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AAN
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https://www.nasdaq.com/articles/will-aarons-management-changes-drive-long-term-growth-2016-01-21
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nan
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nan
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Aaron's Inc.AAN announced a host of management changes to its top leadership team, which is headed by Chief Executive Officer ("CEO"), John W. Robinson.
The company announced Gilbert L. Danielson's retirement from the position of Chief Financial Officer ("CFO") by 2016 end. Following his retirement, Danielson will continue working with Aaron's as Executive Vice President, as part of which he will perform the senior advisory role, alongside handling various strategic projects.
Management stated that Aaron's current President, Steve A. Michaels, will replace Danielson as the next CFO, apart from becoming President of the company's Strategic Operations. Consequently, Michaels will oversee various important business functions like information technology, e-commerce, business development, franchising and manufacturing, along with executing the responsibilities of a CFO.
Moving on to the next appointment, the company named Douglas A. Lindsay as President of Aaron's Sales & Lease Ownership. Lindsay, who was formerly working with ACE Cash Express Inc. as Chief Operating Officer ("COO") and Executive Vice President, will now be responsible for marketing, operations, real estate and merchandise as part of his new job. Notably, he will supervise Aaron's store-based operations, consisting of over 1,200 stores operated by the company, with nearly $2 billion in revenues.
Further, Robert W. Kamerschen, who is currently serving as Corporate Secretary, Executive Vice President and General Counsel, will take the position of Chief Administrative Officer. Following this, he will take charge of corporate governance, external affairs, legal, government relations, compliance, risk management, privacy and physical security.
Finally, Aaron's declared Tristan J. Montanero as COO of the company's Sales & Lease Ownership division, taking up the responsibility for operations associated with company-operated stores, field employees and Aaron's HomeSmart segment. Montanero is currently the Senior Vice President of Operations.
While Lindsay will assume his new role on Feb 1, 2016, all other appointments will take effect on Feb 18. Also, with Montanero's exception, all new personnel will report to the company's CEO. Montanero, on the other hand, will work under Lindsay.
Given the new panel's solid industry experience and profound knowledge in areas that are gaining momentum, the company believes that this management team will be an asset, enabling it to grow further and drive success over the long term.
Zacks Rank
Aaron's currently carries a Zacks Rank #5 (Strong Sell). Better-ranked stocks in the retail sector include Abercrombie & Fitch Co. ANF , with a Zacks Rank #1 (Strong Buy), and Ross Stores Inc. ROST and The Kroger Co. KR , each with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ABERCROMBIE (ANF): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc.AAN announced a host of management changes to its top leadership team, which is headed by Chief Executive Officer ("CEO"), John W. Robinson. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report To read this article on Zacks.com click here. Following his retirement, Danielson will continue working with Aaron's as Executive Vice President, as part of which he will perform the senior advisory role, alongside handling various strategic projects.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN announced a host of management changes to its top leadership team, which is headed by Chief Executive Officer ("CEO"), John W. Robinson. Lindsay, who was formerly working with ACE Cash Express Inc. as Chief Operating Officer ("COO") and Executive Vice President, will now be responsible for marketing, operations, real estate and merchandise as part of his new job.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN announced a host of management changes to its top leadership team, which is headed by Chief Executive Officer ("CEO"), John W. Robinson. Management stated that Aaron's current President, Steve A. Michaels, will replace Danielson as the next CFO, apart from becoming President of the company's Strategic Operations.
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Aaron's Inc.AAN announced a host of management changes to its top leadership team, which is headed by Chief Executive Officer ("CEO"), John W. Robinson. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report To read this article on Zacks.com click here. Management stated that Aaron's current President, Steve A. Michaels, will replace Danielson as the next CFO, apart from becoming President of the company's Strategic Operations.
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9258.0
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2016-01-19 00:00:00 UTC
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Interesting AAN Put And Call Options For March 18th
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AAN
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https://www.nasdaq.com/articles/interesting-aan-put-and-call-options-march-18th-2016-01-19
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nan
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nan
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the March 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new March 18th contracts and identified one put and one call contract of particular interest.
The put contract at the $22.00 strike price has a current bid of $1.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $22.00, but will also collect the premium, putting the cost basis of the shares at $20.70 (before broker commissions). To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $22.88/share today.
Because the $22.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 5.91% return on the cash commitment, or 36.58% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Aaron's, Inc., and highlighting in green where the $22.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $23.00 strike price has a current bid of $1.85. If an investor was to purchase shares of AAN stock at the current price level of $22.88/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $23.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.61% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAN shares really soar, which is why looking at the trailing twelve month trading history for Aaron's, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AAN's trailing twelve month trading history, with the $23.00 strike highlighted in red:
Considering the fact that the $23.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.09% boost of extra return to the investor, or 50.06% annualized, which we refer to as the YieldBoost .
The implied volatility in the put contract example is 57%, while the implied volatility in the call contract example is 60%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $22.88) to be 46%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAN shares really soar, which is why looking at the trailing twelve month trading history for Aaron's, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AAN's trailing twelve month trading history, with the $23.00 strike highlighted in red: Considering the fact that the $23.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the March 18th expiration.
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Below is a chart showing AAN's trailing twelve month trading history, with the $23.00 strike highlighted in red: Considering the fact that the $23.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the March 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new March 18th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAN's trailing twelve month trading history, with the $23.00 strike highlighted in red: Considering the fact that the $23.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the March 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new March 18th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new March 18th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAN's trailing twelve month trading history, with the $23.00 strike highlighted in red: Considering the fact that the $23.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the March 18th expiration.
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9259.0
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2016-01-15 00:00:00 UTC
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Why Wynn Resorts, Revlon, and Aaron's Jumped Today
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AAN
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https://www.nasdaq.com/articles/why-wynn-resorts-revlon-and-aarons-jumped-today-2016-01-15
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nan
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nan
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Image source: Wynn Resorts.
2016 has gotten off to the worst start in stock market history, and Friday marked a new low point for the market this year. The Dow and S&P 500 had their biggest drops of the new year, and the Dow posted its first weekly close below 16,000 in almost two years. Most commentators continue to blame China and the energy markets for the declines, and crude oil closed below $30 per barrel for the first time in more than a decade. Yet even with the big drop, Wynn Resorts , Revlon , and Aaron's were among Friday's rare winners on Wall Street.
Wynn Resorts jumped 13% after the casino giant posted preliminary financials for the fourth quarter that were far better than many investors had feared. Wynn's performance in Macau will continue to be extremely weak, with expected revenues declining by more than 25% from year-ago levels, and GAAP operating income potentially falling by more than half. Yet Wynn's presence in Las Vegas will offset some of those declines, thanks to net revenue gains of as much as 5% and operating-income gains that could climb 20% or more from this time last year.
At this point, Wynn stock has fallen so far that even early signs of decelerating contraction in revenue from Macau could be enough to trigger a substantial rebound, and Wynn's share-price performance in a terrible overall market shows the extent to which investors have wanted to see a turnaround for the casino giant.
Revlon gained 12%. The cosmetics specialist's stock responded to news that billionaire investor Ron Perelman will look for potential ways to enhance Revlon's share price through strategic alternatives. Perelman's MacAndrews & Forbes investment company owns a controlling 78% interest in Revlon, and shareholders had grown increasingly uncomfortable with the poor fundamental performance in the cosmetics business, where well-known products have come under pressure from falling sales. Recent acquisitions haven't shown immediate signs of causing a turnaround, so some shareholders have to hope that Perelman will either buy them out entirely, or find a different potential purchaser to squeeze more value out of their investment.
Finally, Aaron's posted gains of almost 7% in the wake of its Progressive Leasing unit announcing a deal with Wal-Mart to offer a virtual lease-to-own program at the retail giant. The Progressive Leasing service is already offered at some other retailers, enabling customers to buy big-ticket items even if they would ordinarily get turned down for traditional credit. Aaron's touts that its approvals are based on income and employment, so the hope is that more customers will be able to complete purchases using the Progressive system instead of a typical credit arrangement. For Aaron's, getting Wal-Mart on board as a partner is a nice move, even despite Wal-Mart's own challenges in the recent past.
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The article Why Wynn Resorts, Revlon, and Aaron's Jumped Today originally appeared on Fool.com.
Dan Caplinger owns shares of Wynn Resorts, Limited. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wynn's performance in Macau will continue to be extremely weak, with expected revenues declining by more than 25% from year-ago levels, and GAAP operating income potentially falling by more than half. The cosmetics specialist's stock responded to news that billionaire investor Ron Perelman will look for potential ways to enhance Revlon's share price through strategic alternatives. Perelman's MacAndrews & Forbes investment company owns a controlling 78% interest in Revlon, and shareholders had grown increasingly uncomfortable with the poor fundamental performance in the cosmetics business, where well-known products have come under pressure from falling sales.
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Yet even with the big drop, Wynn Resorts , Revlon , and Aaron's were among Friday's rare winners on Wall Street. Wynn Resorts jumped 13% after the casino giant posted preliminary financials for the fourth quarter that were far better than many investors had feared. The article Why Wynn Resorts, Revlon, and Aaron's Jumped Today originally appeared on Fool.com.
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Yet even with the big drop, Wynn Resorts , Revlon , and Aaron's were among Friday's rare winners on Wall Street. Yet Wynn's presence in Las Vegas will offset some of those declines, thanks to net revenue gains of as much as 5% and operating-income gains that could climb 20% or more from this time last year. At this point, Wynn stock has fallen so far that even early signs of decelerating contraction in revenue from Macau could be enough to trigger a substantial rebound, and Wynn's share-price performance in a terrible overall market shows the extent to which investors have wanted to see a turnaround for the casino giant.
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Yet even with the big drop, Wynn Resorts , Revlon , and Aaron's were among Friday's rare winners on Wall Street. Finally, Aaron's posted gains of almost 7% in the wake of its Progressive Leasing unit announcing a deal with Wal-Mart to offer a virtual lease-to-own program at the retail giant. The article Why Wynn Resorts, Revlon, and Aaron's Jumped Today originally appeared on Fool.com.
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9260.0
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2015-12-24 00:00:00 UTC
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New Strong Sell Stocks for December 24th
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AAN
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-december-24th-2015-12-24
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
3D Systems Corporation ( DDD )
Aaron's, Inc. ( AAN )
AES Corp ( AES )
Attunity Ltd ( ATTU )
Banco Santander-Chile ( BSAC )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D SYSTEMS CORP (DDD): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AES CORP (AES): Free Stock Analysis Report
ATTUNITY LTD (ATTU): Free Stock Analysis Report
BANCO SANT -ADR (BSAC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: 3D Systems Corporation ( DDD ) Aaron's, Inc. ( AAN ) AES Corp ( AES ) Attunity Ltd ( ATTU ) Banco Santander-Chile ( BSAC ) View the entire Zacks Rank #5 List . Click to get this free report 3D SYSTEMS CORP (DDD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AES CORP (AES): Free Stock Analysis Report ATTUNITY LTD (ATTU): Free Stock Analysis Report BANCO SANT -ADR (BSAC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: 3D Systems Corporation ( DDD ) Aaron's, Inc. ( AAN ) AES Corp ( AES ) Attunity Ltd ( ATTU ) Banco Santander-Chile ( BSAC ) View the entire Zacks Rank #5 List . Click to get this free report 3D SYSTEMS CORP (DDD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AES CORP (AES): Free Stock Analysis Report ATTUNITY LTD (ATTU): Free Stock Analysis Report BANCO SANT -ADR (BSAC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: 3D Systems Corporation ( DDD ) Aaron's, Inc. ( AAN ) AES Corp ( AES ) Attunity Ltd ( ATTU ) Banco Santander-Chile ( BSAC ) View the entire Zacks Rank #5 List . Click to get this free report 3D SYSTEMS CORP (DDD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AES CORP (AES): Free Stock Analysis Report ATTUNITY LTD (ATTU): Free Stock Analysis Report BANCO SANT -ADR (BSAC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: 3D Systems Corporation ( DDD ) Aaron's, Inc. ( AAN ) AES Corp ( AES ) Attunity Ltd ( ATTU ) Banco Santander-Chile ( BSAC ) View the entire Zacks Rank #5 List . Click to get this free report 3D SYSTEMS CORP (DDD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AES CORP (AES): Free Stock Analysis Report ATTUNITY LTD (ATTU): Free Stock Analysis Report BANCO SANT -ADR (BSAC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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9261.0
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2015-12-16 00:00:00 UTC
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New Strong Sell Stocks for December 16th
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AAN
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-december-16th-2015-12-16
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Aaron's, Inc. ( AAN )
Avon Products, Inc. ( AVP )
Blackstone Group LP ( BX )
Brookdale Senior Living, Inc. ( BKD )
Bunge Ltd ( BG )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
AVON PRODS INC (AVP): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
BROOKDALE SENR (BKD): Free Stock Analysis Report
BUNGE LTD (BG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Avon Products, Inc. ( AVP ) Blackstone Group LP ( BX ) Brookdale Senior Living, Inc. ( BKD ) Bunge Ltd ( BG ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AVON PRODS INC (AVP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report BROOKDALE SENR (BKD): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Avon Products, Inc. ( AVP ) Blackstone Group LP ( BX ) Brookdale Senior Living, Inc. ( BKD ) Bunge Ltd ( BG ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AVON PRODS INC (AVP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report BROOKDALE SENR (BKD): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Avon Products, Inc. ( AVP ) Blackstone Group LP ( BX ) Brookdale Senior Living, Inc. ( BKD ) Bunge Ltd ( BG ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AVON PRODS INC (AVP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report BROOKDALE SENR (BKD): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Avon Products, Inc. ( AVP ) Blackstone Group LP ( BX ) Brookdale Senior Living, Inc. ( BKD ) Bunge Ltd ( BG ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AVON PRODS INC (AVP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report BROOKDALE SENR (BKD): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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9262.0
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2015-12-11 00:00:00 UTC
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New Strong Sell Stocks for December 11th
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AAN
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-december-11th-2015-12-11
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Aaron's, Inc. ( AAN )
Bunge Ltd ( BG )
CB Financial Services Inc ( CBFV )
CONN'S, Inc. ( CONN )
Dicks Sporting Goods Inc ( DKS )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
BUNGE LTD (BG): Free Stock Analysis Report
CB FINL SVCS (CBFV): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
DICKS SPRTG GDS (DKS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Bunge Ltd ( BG ) CB Financial Services Inc ( CBFV ) CONN'S, Inc. ( CONN ) Dicks Sporting Goods Inc ( DKS ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report CB FINL SVCS (CBFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Bunge Ltd ( BG ) CB Financial Services Inc ( CBFV ) CONN'S, Inc. ( CONN ) Dicks Sporting Goods Inc ( DKS ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report CB FINL SVCS (CBFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Bunge Ltd ( BG ) CB Financial Services Inc ( CBFV ) CONN'S, Inc. ( CONN ) Dicks Sporting Goods Inc ( DKS ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report CB FINL SVCS (CBFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Bunge Ltd ( BG ) CB Financial Services Inc ( CBFV ) CONN'S, Inc. ( CONN ) Dicks Sporting Goods Inc ( DKS ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report CB FINL SVCS (CBFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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9263.0
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2015-12-09 00:00:00 UTC
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Buckle (BKE) Hikes Dividend: Are You Benefiting?
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AAN
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https://www.nasdaq.com/articles/buckle-bke-hikes-dividend%3A-are-you-benefiting-2015-12-09
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nan
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nan
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Apparel and accessories retailer The Buckle, Inc.BKE hiked its quarterly dividend and also authorized a special cash dividend. We note that the announcement of dividend hike did not provide much impetus to this Zacks Rank #4 (Sell) stock that rose marginally by 0.1% to close at $31.36 yesterday.
Buckle raised its quarterly dividend by 8.7% to 25 cents per share and announced $1.00 special cash dividend. Both dividends are payable on Jan 27, 2016 to shareholders of record as on Jan 15, 2016.
The recent dividend increase brings the company's annualized dividend to $1.00 per share. The annualized dividend yield, based on the increased dividend and last closing stock price is 3.2%.
This retailer of casual apparel for young men and women had last hiked its quarterly dividend to 23 cents in Dec 2014, reflecting an upsurge of 4.5%.
Dividend hike is frequent among companies with a stable cash position and healthy cash flow. The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, Aaron's Inc. AAN , by 8.7% to 25 cents per share, and Fortune Brands Home & Security Inc. FBHS , by 14% to 16 cents per share.
We believe that dividend payouts not only enhance shareholder returns but raise the stock's market value as well. Moreover, such measures enable companies to bolster investors' confidence, persuading them to either buy or hold the scrip instead of selling it. Looking ahead, Buckle remains confident of its growth potential, raising hopes for further enhancement of shareholder value through dividend payments.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
BUCKLE INC (BKE): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, Aaron's Inc. AAN , by 8.7% to 25 cents per share, and Fortune Brands Home & Security Inc. FBHS , by 14% to 16 cents per share. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report To read this article on Zacks.com click here. We note that the announcement of dividend hike did not provide much impetus to this Zacks Rank #4 (Sell) stock that rose marginally by 0.1% to close at $31.36 yesterday.
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The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, Aaron's Inc. AAN , by 8.7% to 25 cents per share, and Fortune Brands Home & Security Inc. FBHS , by 14% to 16 cents per share. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report To read this article on Zacks.com click here. Buckle raised its quarterly dividend by 8.7% to 25 cents per share and announced $1.00 special cash dividend.
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The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, Aaron's Inc. AAN , by 8.7% to 25 cents per share, and Fortune Brands Home & Security Inc. FBHS , by 14% to 16 cents per share. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report To read this article on Zacks.com click here. Buckle raised its quarterly dividend by 8.7% to 25 cents per share and announced $1.00 special cash dividend.
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The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, Aaron's Inc. AAN , by 8.7% to 25 cents per share, and Fortune Brands Home & Security Inc. FBHS , by 14% to 16 cents per share. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report To read this article on Zacks.com click here. Buckle raised its quarterly dividend by 8.7% to 25 cents per share and announced $1.00 special cash dividend.
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9264.0
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2015-12-09 00:00:00 UTC
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New Strong Sell Stocks for December 9th
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AAN
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-december-9th-2015-12-09
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Aaron's, Inc. ( AAN )
Bunge Ltd ( BG )
CB Financial Services Inc ( CBFV )
CONN'S, Inc. ( CONN )
Emergent Capital Inc ( EMG )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
BUNGE LTD (BG): Free Stock Analysis Report
CB FINL SVCS (CBFV): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
EMERGENT CAPITL (EMG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Bunge Ltd ( BG ) CB Financial Services Inc ( CBFV ) CONN'S, Inc. ( CONN ) Emergent Capital Inc ( EMG ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report CB FINL SVCS (CBFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report EMERGENT CAPITL (EMG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Bunge Ltd ( BG ) CB Financial Services Inc ( CBFV ) CONN'S, Inc. ( CONN ) Emergent Capital Inc ( EMG ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report CB FINL SVCS (CBFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report EMERGENT CAPITL (EMG): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Bunge Ltd ( BG ) CB Financial Services Inc ( CBFV ) CONN'S, Inc. ( CONN ) Emergent Capital Inc ( EMG ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report CB FINL SVCS (CBFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report EMERGENT CAPITL (EMG): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aaron's, Inc. ( AAN ) Bunge Ltd ( BG ) CB Financial Services Inc ( CBFV ) CONN'S, Inc. ( CONN ) Emergent Capital Inc ( EMG ) View the entire Zacks Rank #5 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUNGE LTD (BG): Free Stock Analysis Report CB FINL SVCS (CBFV): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report EMERGENT CAPITL (EMG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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9265.0
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2015-12-09 00:00:00 UTC
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Fortune Brands Ups Quarterly Dividend, Are You Benefiting?
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AAN
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https://www.nasdaq.com/articles/fortune-brands-ups-quarterly-dividend-are-you-benefiting-2015-12-09
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nan
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nan
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In an attempt to enhance shareholder value, Fortune Brands Home & Security Inc.FBHS increased its quarterly cash dividend by 14% to 16 cents from 14 cents per share, thereby bringing the annual dividend to 64 cents. With this, the company has perked up its dividend rate by double-digits for the third year in a row.
The new dividend is payable on Mar 16 to shareholders of record as of Feb 26, 2015. The annualized dividend yield, based on the increased dividend and last closing stock price is 1.1%.
This Zacks Rank #3 (Hold) company has consistently paid dividends for the past three quarters and is scheduled to pay its fourth quarterly dividend on Dec 16. The home and security products company had last hiked its quarterly dividend to 14 cents from 12 cents in Dec 2014, reflecting an upsurge of approximately 16.7%.
The company's strategy of paying regular dividend and increasing the same at feasible intervals reflects its commitment toward enhancing long-term value for shareholders. The same is done by reinvesting the company's free cash flows in its business, undertaking lucrative acquisitions and returning cash to shareholders. Additionally, it highlights the company's confidence in its ability to generate incremental cash flows and earnings in the long run.
At its last earnings announcement, management said that it expects the company to generate free cash flow of $300 million in 2015, after deducting capital expenditures of roughly $135 million allocated toward investments to increase capacity and infrastructure in order to sustain multi-year growth.
Dividend hike is frequent among companies with a stable cash position and healthy cash flow. The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, as well as Aaron's Inc. AAN and The Buckle Inc. BKE , both by and 8.7% to 25 cents.
We believe that dividend payouts not only enhance shareholder returns but raise the stock's market value as well. Moreover, such measures enable companies to bolster investors' confidence, persuading them to either buy or hold the scrip instead of selling it. Looking ahead, Fortune Brands remains confident of its growth potential, raising hopes for further enhancement of shareholder value through dividend payments.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
BUCKLE INC (BKE): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, as well as Aaron's Inc. AAN and The Buckle Inc. BKE , both by and 8.7% to 25 cents. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report To read this article on Zacks.com click here. The company's strategy of paying regular dividend and increasing the same at feasible intervals reflects its commitment toward enhancing long-term value for shareholders.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report To read this article on Zacks.com click here. The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, as well as Aaron's Inc. AAN and The Buckle Inc. BKE , both by and 8.7% to 25 cents. In an attempt to enhance shareholder value, Fortune Brands Home & Security Inc.FBHS increased its quarterly cash dividend by 14% to 16 cents from 14 cents per share, thereby bringing the annual dividend to 64 cents.
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Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report To read this article on Zacks.com click here. The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, as well as Aaron's Inc. AAN and The Buckle Inc. BKE , both by and 8.7% to 25 cents. In an attempt to enhance shareholder value, Fortune Brands Home & Security Inc.FBHS increased its quarterly cash dividend by 14% to 16 cents from 14 cents per share, thereby bringing the annual dividend to 64 cents.
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The companies that recently raised their dividends include Nike Inc. NKE , by 14% to 32 cents per share, as well as Aaron's Inc. AAN and The Buckle Inc. BKE , both by and 8.7% to 25 cents. Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report To read this article on Zacks.com click here. In an attempt to enhance shareholder value, Fortune Brands Home & Security Inc.FBHS increased its quarterly cash dividend by 14% to 16 cents from 14 cents per share, thereby bringing the annual dividend to 64 cents.
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9266.0
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2015-12-03 00:00:00 UTC
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Disney (DIS) Raises Dividend to Boost Shareholder Value
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AAN
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https://www.nasdaq.com/articles/disney-dis-raises-dividend-to-boost-shareholder-value-2015-12-03
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nan
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nan
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The Walt Disney CompanyDIS is an intriguing option for investors seeking both growth and income. The company announced a dividend hike, reflecting its plan of utilizing free cash to enhance shareholder returns.
The Burbank, CA-based company raised its semi-annual dividend to 71 cents per share from the prior payout of 66 cents. The increased dividend will be paid on Jan 11, 2016, to stockholders on record as of Dec 14, 2015. The company, which switched paying dividends on a semi-annual basis in July, informed that the total fiscal 2015 dividend payment jumped 19% on an annualized basis to $1.37 per share from fiscal 2014.
Dividend hikes not only enhance shareholder returns, but also raise the market value of the stock. Through this strategy, companies try to win investors and persuade them to either buy or hold the scrip instead of selling it.
Investors prefer an income generating stock, and a dividend paying one is always a preferable option. People looking for regular income from stocks are most likely to choose companies that have a consistent and incremental dividend payout track.
Other companies that increased their quarterly dividend in the recent past include Aaron's, Inc. AAN and Omega Healthcare Investors Inc. OHI . While Aaron's hiked its dividend by 8.7% to 2.5 cents per share, Omega Healthcare is committed to return1.8% to shareholders through its dividend of 56 cents per share. Another company, Lions Gate Entertainment Corp. LGF raised its dividend by 28.6% to 9 cents per share.
Disney currently carries a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
LIONS GATE ETMT (LGF): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
OMEGA HLTHCARE (OHI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other companies that increased their quarterly dividend in the recent past include Aaron's, Inc. AAN and Omega Healthcare Investors Inc. OHI . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report To read this article on Zacks.com click here. The company announced a dividend hike, reflecting its plan of utilizing free cash to enhance shareholder returns.
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Other companies that increased their quarterly dividend in the recent past include Aaron's, Inc. AAN and Omega Healthcare Investors Inc. OHI . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report To read this article on Zacks.com click here. Other companies that increased their quarterly dividend in the recent past include Aaron's, Inc. AAN and Omega Healthcare Investors Inc. OHI . The company, which switched paying dividends on a semi-annual basis in July, informed that the total fiscal 2015 dividend payment jumped 19% on an annualized basis to $1.37 per share from fiscal 2014. Dividend hikes not only enhance shareholder returns, but also raise the market value of the stock.
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Other companies that increased their quarterly dividend in the recent past include Aaron's, Inc. AAN and Omega Healthcare Investors Inc. OHI . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report To read this article on Zacks.com click here. Investors prefer an income generating stock, and a dividend paying one is always a preferable option.
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9267.0
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2015-11-30 00:00:00 UTC
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Moving Average Crossover Alert: Aaron's (AAN)
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AAN
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https://www.nasdaq.com/articles/moving-average-crossover-alert%3A-aarons-aan-2015-11-30
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nan
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nan
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Aaron's, Inc.AAN could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AAN broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 26.4% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AAN stock.
If that wasn't enough, Aaron's isn't looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.
Consider that in the last 30 days, 7 estimates have been reduced, while none have moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.
That is why we currently have a Zacks Rank #4 (Sell) on this stock and are looking for it to underperform in the weeks ahead. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for AAN.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AAN stock. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for AAN.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AAN broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
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Aaron's, Inc.AAN could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AAN broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Aaron's, Inc.AAN could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AAN broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AAN stock.
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9268.0
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2015-11-25 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for November 27, 2015
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-november-27-2015-2015-11-25
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nan
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on November 27, 2015. A cash dividend payment of $0.025 per share is scheduled to be paid on January 04, 2016. Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 8.7% increase over the prior quarter. At the current stock price of $24.62, the dividend yield is .41%.
The previous trading day's last sale of AAN was $24.62, representing a -39.66% decrease from the 52 week high of $40.80 and a 6.44% increase over the 52 week low of $23.13.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). AAN's current earnings per share, an indicator of a company's profitability, is $1.87. Zacks Investment Research reports AAN's forecasted earnings growth in 2015 as 24.77%, compared to an industry average of 12.3%.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). Zacks Investment Research reports AAN's forecasted earnings growth in 2015 as 24.77%, compared to an industry average of 12.3%. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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AAN's current earnings per share, an indicator of a company's profitability, is $1.87. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on November 27, 2015.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAN was $24.62, representing a -39.66% decrease from the 52 week high of $40.80 and a 6.44% increase over the 52 week low of $23.13. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. AAN's current earnings per share, an indicator of a company's profitability, is $1.87. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on November 27, 2015.
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9269.0
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2015-11-10 00:00:00 UTC
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Will Aaron's Dividend Hike Help Revive Investors' Trust?
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AAN
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https://www.nasdaq.com/articles/will-aarons-dividend-hike-help-revive-investors-trust-2015-11-10
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nan
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nan
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After a hiatus of over a week following the announcement of its third-quarter 2015 results, Aaron's, Inc.AAN declared a dividend hike. The move is being viewed as part of the company's strategy to regain investors' confidence that was shattered after the company's disappointing performance in the last quarter. Since then, shares of this retailer of furniture, consumer electronics, computers, appliances, and household accessories, have nosedived 26%.
This Atlanta, GA-based company raised its quarterly dividend by 8.7% to 2.5 cents a share from the prior payout of 2.3 cents. The increased dividend will be paid on Jan 4, 2016 to stockholders on record as of Dec 1, 2015. This is the tenth successive year in which the company has hiked its dividend. Last year too, in November, Aaron's raised its quarterly dividend by 9.5% to 2.3 cents from 2.1 cents a share.
Other companies that increased their quarterly dividend in the recent past include Nordson Corporation NDSN and Omega Healthcare Investors Inc. OHI . While Nordson hiked its dividend by 9% to 24 cents, Omega Healthcare is committed to return 1.9% more to shareholders through its dividend of 55 cents per share. Another company, Lions Gate Entertainment Corp. LGF raised its dividend by 28.6% to 9 cents per share.
Dividend hikes not only enhance shareholders' return but also raise the market value of the stock. Through this strategy, companies try to win investors and persuade them to either buy or hold the scrip instead of selling it. It remains to be seen to what extent Aaron's will succeed in winning investors' trust through this move.
Aaron's shares were hit hard following its third-quarter results - wherein both the top and bottom lines fell short of the Zacks Consensus Estimate - and the subsequent trimming of its outlook. Adjusted earnings for 2015 are now projected in the band of $2.02-$2.22 per share compared with $2.16-$2.36 guided earlier. (Refer: Aaron's Misses on Q3 Earnings & Sales, Lowers View )
Aaron's currently carries a Zacks Rank #3 (Hold).
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AARONS INC (AAN): Free Stock Analysis Report
LIONS GATE ETMT (LGF): Free Stock Analysis Report
NORDSON CORP (NDSN): Free Stock Analysis Report
OMEGA HLTHCARE (OHI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After a hiatus of over a week following the announcement of its third-quarter 2015 results, Aaron's, Inc.AAN declared a dividend hike. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report NORDSON CORP (NDSN): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report To read this article on Zacks.com click here. Since then, shares of this retailer of furniture, consumer electronics, computers, appliances, and household accessories, have nosedived 26%.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report NORDSON CORP (NDSN): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report To read this article on Zacks.com click here. After a hiatus of over a week following the announcement of its third-quarter 2015 results, Aaron's, Inc.AAN declared a dividend hike. While Nordson hiked its dividend by 9% to 24 cents, Omega Healthcare is committed to return 1.9% more to shareholders through its dividend of 55 cents per share.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report NORDSON CORP (NDSN): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report To read this article on Zacks.com click here. After a hiatus of over a week following the announcement of its third-quarter 2015 results, Aaron's, Inc.AAN declared a dividend hike. Last year too, in November, Aaron's raised its quarterly dividend by 9.5% to 2.3 cents from 2.1 cents a share.
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After a hiatus of over a week following the announcement of its third-quarter 2015 results, Aaron's, Inc.AAN declared a dividend hike. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report NORDSON CORP (NDSN): Free Stock Analysis Report OMEGA HLTHCARE (OHI): Free Stock Analysis Report To read this article on Zacks.com click here. The move is being viewed as part of the company's strategy to regain investors' confidence that was shattered after the company's disappointing performance in the last quarter.
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9270.0
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2015-10-30 00:00:00 UTC
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Mid-Day Market Update: Cray Surges On Upbeat Results; DigitalGlobe Shares Drop
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AAN
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https://www.nasdaq.com/articles/mid-day-market-update-cray-surges-upbeat-results-digitalglobe-shares-drop-2015-10-30
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nan
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nan
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Midway through trading Friday, the Dow traded down 0.04 percent to 17,748.65 while the NASDAQ declined 0.03 percent to 5,077.27. The S&P also fell, dropping 0.11 percent to 2,087.05.
Leading and Lagging Sectors
In trading on Friday, technology shares jumped by 0.45 percent. Top gainers in the sector included Cray Inc. (NASDAQ: CRAY ), up 30 percent, and Incontact Inc (NASDAQ: SAAS ), up 18 percent.
In trading on Friday, financial shares dipped by 0.56 percent. Meanwhile, top losers in the sector included Genworth Financial Inc (NYSE: GNW ), down 10 percent, and Mesabi Trust (NYSE: MSB ), off 9 percent.
Top Headline
CVS Health Corp (NYSE: CVS ) reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year.
The Woonsocket, Rhode Island-based company reported quarterly net earnings of $1.25 billion, or $1.11 per share, compared to $948 million, or $0.81 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $1.29 per share.
Its revenue climbed to $38.64 billion from $35.02 billion. However, analysts were expecting earnings of $1.29 per share on revenue of $37.9 billion.
The company projects 2016 adjusted earnings of $5.68 to $5.88 per share, versus analysts' estimates of $6.02 per share.
Equities Trading UP
Cray Inc. (NASDAQ: CRAY ) shares shot up 30 percent to $28.90 after the company reported upbeat Q3 results.
Shares of YRC Worldwide Inc (NASDAQ: YRCW ) got a boost, shooting up 23 percent to $16.99 on upbeat Q3 earnings.
Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 32 percent to $9.74 after the company reported better-than-expected Q3 earnings.
Equities Trading DOWN
DigitalGlobe Inc (NYSE: DGI ) shares tumbled 25 percent to $14.99. DigitalGlobe reported downbeat Q3 sales and issued a weak FY15 sales forecast.
Shares of Control4 Corp (NASDAQ: CTRL ) were down 30 percent to $6.27. Control4 reported weak Q3 sales and issued a downbeat Q4 outlook.
Aaron's, Inc. (NYSE: AAN ) was down, falling 24 percent to $25.61 after the company reported weaker-than-expected Q3 earnings.
Commodities
In commodity news, oil traded down 0.50 percent to $45.83, while gold traded down 0.43 percent to $1,142.40.
Silver traded down 0.26 percent Friday to $15.51, while copper fell 0.28 percent to $2.31.
Eurozone
European shares were lower today. The eurozone's STOXX 600 fell 0.50 percent, the Spanish Ibex Index fell 0.99 percent, while Italy's FTSE MIB Index dipped 0.32 percent. Meanwhile, the German DAX slipped 0.04 percent, and the French CAC 40 dropped 0.19 percent, while U.K. shares fell 0.64 percent.
Economics
The employment cost index rose 0.6 percent in the third quarter, versus a 0.2 percent growth in the second quarter. However, economists were projecting a 0.7 percent growth.
US consumer spending increased 0.1 percent in September, while personal income gained 0.1 percent in the month.
The Chicago PMI climbed to 56.20 in October, versus a prior reading of 48.70. Economists were estimating a reading of 49.00.
The University of Michigan's consumer sentiment index climbed to 90.0 in October, versus 87.2 in September Economists were expecting a reading of 92.5.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 24 percent to $25.61 after the company reported weaker-than-expected Q3 earnings. Shares of YRC Worldwide Inc (NASDAQ: YRCW ) got a boost, shooting up 23 percent to $16.99 on upbeat Q3 earnings. Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 32 percent to $9.74 after the company reported better-than-expected Q3 earnings.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 24 percent to $25.61 after the company reported weaker-than-expected Q3 earnings. Top Headline CVS Health Corp (NYSE: CVS ) reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year. Equities Trading UP Cray Inc. (NASDAQ: CRAY ) shares shot up 30 percent to $28.90 after the company reported upbeat Q3 results.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 24 percent to $25.61 after the company reported weaker-than-expected Q3 earnings. Midway through trading Friday, the Dow traded down 0.04 percent to 17,748.65 while the NASDAQ declined 0.03 percent to 5,077.27. The eurozone's STOXX 600 fell 0.50 percent, the Spanish Ibex Index fell 0.99 percent, while Italy's FTSE MIB Index dipped 0.32 percent.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 24 percent to $25.61 after the company reported weaker-than-expected Q3 earnings. Top Headline CVS Health Corp (NYSE: CVS ) reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year. Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 32 percent to $9.74 after the company reported better-than-expected Q3 earnings.
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9271.0
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2015-10-30 00:00:00 UTC
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Why Aaron's Shares Crashed on Friday
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AAN
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https://www.nasdaq.com/articles/why-aarons-shares-crashed-friday-2015-10-30
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nan
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nan
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What: Shares of furniture-rental chain Aaron's plunged more than 20% this morning after its quarterly results and outlook missed Wall Street expectations.
So what: Aaron's shares have risen nicely over the past year on a string of market-topping quarters, but today's wide Q3 profit miss -- EPS of $0.39 vs. the consensus of $0.48 -- coupled with downbeat full-year guidance is forcing analysts to quickly recalibrate their growth estimates. In fact, same-store sales for the quarter slipped 4.1% while its bad debt expense rose significantly, suggesting that Aaron's troubles are part of a broader downturn in the rent-to-own space.
Now what: Management now sees full-year 2015 EPS of $2.02-$2.22, down from its prior view of $2.16-2.36. "Core earnings and EBITDA improved in the third quarter as our cost reductions continued to offset a challenging revenue environment," said CEO John Robinson. "We are confident that future results will reflect the strong growth prospects of Progressive and improved execution across our business." With the stock now off more than 35% from its 52-week highs and trading at a single-digit forward P/E, bargain hunters might even want to use today's plunge to bet on that optimism.
The next billion-dollar iSecret
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The article Why Aaron's Shares Crashed on Friday originally appeared on Fool.com.
Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So what: Aaron's shares have risen nicely over the past year on a string of market-topping quarters, but today's wide Q3 profit miss -- EPS of $0.39 vs. the consensus of $0.48 -- coupled with downbeat full-year guidance is forcing analysts to quickly recalibrate their growth estimates. In fact, same-store sales for the quarter slipped 4.1% while its bad debt expense rose significantly, suggesting that Aaron's troubles are part of a broader downturn in the rent-to-own space. "Core earnings and EBITDA improved in the third quarter as our cost reductions continued to offset a challenging revenue environment," said CEO John Robinson.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What: Shares of furniture-rental chain Aaron's plunged more than 20% this morning after its quarterly results and outlook missed Wall Street expectations.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. So what: Aaron's shares have risen nicely over the past year on a string of market-topping quarters, but today's wide Q3 profit miss -- EPS of $0.39 vs. the consensus of $0.48 -- coupled with downbeat full-year guidance is forcing analysts to quickly recalibrate their growth estimates.
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What: Shares of furniture-rental chain Aaron's plunged more than 20% this morning after its quarterly results and outlook missed Wall Street expectations. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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9272.0
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2015-10-30 00:00:00 UTC
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Mid-Morning Market Update: Markets Mostly Flat; CVS Health Issues Weak Forecast
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AAN
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-mostly-flat-cvs-health-issues-weak-forecast-2015-10-30
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nan
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nan
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Following the market opening Friday, the Dow traded down 0.04 percent to 17,749.09 while the NASDAQ climbed 0.06 percent to 5,077.27. The S&P also fell, dropping 0.11 percent to 2,087.07.
Leading and Lagging Sectors
In trading on Friday, technology shares jumped by 0.46 percent. Top gainers in the sector included Cray Inc. (NASDAQ: CRAY ), up 31 percent, and Incontact Inc (NASDAQ: SAAS ), up 17 percent.
In trading on Friday, financial shares dipped by 0.64 percent. Meanwhile, top losers in the sector included Genworth Financial Inc (NYSE: GNW ), down 11 percent, and Mesabi Trust (NYSE: MSB ), off 9 percent.
Top Headline
CVS Health Corp (NYSE: CVS ) reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year.
The Woonsocket, Rhode Island-based company reported quarterly net earnings of $1.25 billion, or $1.11 per share, compared to $948 million, or $0.81 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $1.29 per share.
Its revenue climbed to $38.64 billion from $35.02 billion. However, analysts were expecting earnings of $1.29 per share on revenue of $37.9 billion.
The company projects 2016 adjusted earnings of $5.68 to $5.88 per share, versus analysts' estimates of $6.02 per share.
Equities Trading UP
Cray Inc. (NASDAQ: CRAY ) shares shot up 30 percent to $28.99 after the company reported upbeat Q3 results.
Shares of YRC Worldwide Inc (NASDAQ: YRCW ) got a boost, shooting up 22 percent to $16.89 on upbeat Q3 earnings.
Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 24 percent to $9.18 after the company reported better-than-expected Q3 earnings.
Equities Trading DOWN
DigitalGlobe Inc (NYSE: DGI ) shares tumbled 24 percent to $15.21. DigitalGlobe reported downbeat Q3 sales and issued a weak FY15 sales forecast.
Shares of Control4 Corp (NASDAQ: CTRL ) were down 30 percent to $6.28. Control4 reported weak Q3 sales and issued a downbeat Q4 outlook.
Aaron's, Inc. (NYSE: AAN ) was down, falling 23 percent to $26.00 after the company reported weaker-than-expected Q3 earnings.
Commodities
In commodity news, oil traded down 0.93 percent to $45.63, while gold traded down 0.48 percent to $1,141.80.
Silver traded down 0.16 percent Friday to $15.53, while copper fell 0.04 percent to $2.32.
Eurozone
European shares were lower today. The eurozone's STOXX 600 fell 0.53 percent, the Spanish Ibex Index fell 1.06 percent, while Italy's FTSE MIB Index dipped 0.31 percent. Meanwhile, the German DAX slipped 0.25 percent, and the French CAC 40 dropped 0.28 percent, while U.K. shares fell 0.51 percent.
Economics
The employment cost index rose 0.6 percent in the third quarter, versus a 0.2 percent growth in the second quarter. However, economists were projecting a 0.7 percent growth.
US consumer spending increased 0.1 percent in September, while personal income gained 0.1 percent in the month.
The Chicago PMI climbed to 56.20 in October, versus a prior reading of 48.70. Economists were estimating a reading of 49.00.
The University of Michigan's consumer sentiment index climbed to 90.0 in October, versus 87.2 in September Economists were expecting a reading of 92.5.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 23 percent to $26.00 after the company reported weaker-than-expected Q3 earnings. Shares of YRC Worldwide Inc (NASDAQ: YRCW ) got a boost, shooting up 22 percent to $16.89 on upbeat Q3 earnings. Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 24 percent to $9.18 after the company reported better-than-expected Q3 earnings.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 23 percent to $26.00 after the company reported weaker-than-expected Q3 earnings. Top Headline CVS Health Corp (NYSE: CVS ) reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year. Equities Trading UP Cray Inc. (NASDAQ: CRAY ) shares shot up 30 percent to $28.99 after the company reported upbeat Q3 results.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 23 percent to $26.00 after the company reported weaker-than-expected Q3 earnings. Following the market opening Friday, the Dow traded down 0.04 percent to 17,749.09 while the NASDAQ climbed 0.06 percent to 5,077.27. The eurozone's STOXX 600 fell 0.53 percent, the Spanish Ibex Index fell 1.06 percent, while Italy's FTSE MIB Index dipped 0.31 percent.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 23 percent to $26.00 after the company reported weaker-than-expected Q3 earnings. Top Headline CVS Health Corp (NYSE: CVS ) reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year. Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 24 percent to $9.18 after the company reported better-than-expected Q3 earnings.
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9273.0
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2015-10-30 00:00:00 UTC
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Mid-Afternoon Market Update: Aaron's Slides On Earnings Miss; Fluidigm Shares Spike Higher
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AAN
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https://www.nasdaq.com/articles/mid-afternoon-market-update-aarons-slides-earnings-miss-fluidigm-shares-spike-higher-2015
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nan
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nan
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Toward the end of trading Friday, the Dow traded down 0.16 percent to 17,728.28 while the NASDAQ declined 0.13 percent to 5,067.45. The S&P also fell, dropping 0.14 percent to 2,086.55.
Leading and Lagging Sectors
In trading on Friday, energy shares jumped by 0.89 percent. Top gainers in the sector included Ultra Petroleum Corp. (NYSE: UPL ), up 11 percent, and Solazyme Inc (NASDAQ: SZYM ), up 8 percent.
In trading on Friday, financial shares dipped by 0.96 percent. Meanwhile, top losers in the sector included Genworth Financial Inc (NYSE: GNW ), down 11 percent, and BofI Holding, Inc. (NASDAQ: BOFI ), off 14 percent.
Top Headline
CVS Health Corp (NYSE: CVS ) reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year.
The Woonsocket, Rhode Island-based company reported quarterly net earnings of $1.25 billion, or $1.11 per share, compared to $948 million, or $0.81 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $1.29 per share.
Its revenue climbed to $38.64 billion from $35.02 billion. However, analysts were expecting earnings of $1.29 per share on revenue of $37.9 billion.
The company projects 2016 adjusted earnings of $5.68 to $5.88 per share, versus analysts' estimates of $6.02 per share.
Equities Trading UP
Cray Inc. (NASDAQ: CRAY ) shares shot up 33 percent to $29.55 after the company reported upbeat Q3 results.
Shares of YRC Worldwide Inc (NASDAQ: YRCW ) got a boost, shooting up 33 percent to $18.46 on upbeat Q3 earnings.
Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 48 percent to $10.91 after the company reported better-than-expected Q3 earnings.
Equities Trading DOWN
DigitalGlobe Inc (NYSE: DGI ) shares tumbled 25 percent to $14.99. DigitalGlobe reported downbeat Q3 sales and issued a weak FY15 sales forecast.
Shares of Control4 Corp (NASDAQ: CTRL ) were down 28 percent to $6.48. Control4 reported weak Q3 sales and issued a downbeat Q4 outlook.
Aaron's, Inc. (NYSE: AAN ) was down, falling 27 percent to $24.60 after the company reported weaker-than-expected Q3 earnings.
Commodities
In commodity news, oil traded up 0.69 percent to $46.38, while gold traded down 0.55 percent to $1,141.00.
Silver traded down 0.23 percent Friday to $15.52, while copper fell 0.26 percent to $2.32.
Eurozone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.06 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index dipped 0.01 percent. Meanwhile, the German DAX climbed 0.46 percent, and the French CAC 40 gained 0.24 percent, while U.K. shares fell 0.77 percent.
Economics
The employment cost index rose 0.6 percent in the third quarter, versus a 0.2 percent growth in the second quarter. However, economists were projecting a 0.7 percent growth.
US consumer spending increased 0.1 percent in September, while personal income gained 0.1 percent in the month.
The Chicago PMI climbed to 56.20 in October, versus a prior reading of 48.70. Economists were estimating a reading of 49.00.
The University of Michigan's consumer sentiment index climbed to 90.0 in October, versus 87.2 in September Economists were expecting a reading of 92.5.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 27 percent to $24.60 after the company reported weaker-than-expected Q3 earnings. Shares of YRC Worldwide Inc (NASDAQ: YRCW ) got a boost, shooting up 33 percent to $18.46 on upbeat Q3 earnings. Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 48 percent to $10.91 after the company reported better-than-expected Q3 earnings.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 27 percent to $24.60 after the company reported weaker-than-expected Q3 earnings. Top Headline CVS Health Corp (NYSE: CVS ) reported in-line earnings for the third quarter, but the company issued a weak earnings forecast for the next year. Equities Trading UP Cray Inc. (NASDAQ: CRAY ) shares shot up 33 percent to $29.55 after the company reported upbeat Q3 results.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 27 percent to $24.60 after the company reported weaker-than-expected Q3 earnings. Toward the end of trading Friday, the Dow traded down 0.16 percent to 17,728.28 while the NASDAQ declined 0.13 percent to 5,067.45. The eurozone's STOXX 600 fell 0.06 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index dipped 0.01 percent.
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Aaron's, Inc. (NYSE: AAN ) was down, falling 27 percent to $24.60 after the company reported weaker-than-expected Q3 earnings. In trading on Friday, financial shares dipped by 0.96 percent. Fluidigm Corporation (NASDAQ: FLDM ) shares were also up, gaining 48 percent to $10.91 after the company reported better-than-expected Q3 earnings.
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9274.0
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2015-10-28 00:00:00 UTC
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The Zacks Analyst Blog Highlights: FedEx, Kroger, Aaron's, Build-A-Bear Workshop and ULTA Salon, Cosmetics & Fragrance
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AAN
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-fedex-kroger-aarons-build-a-bear-workshop-and-ulta
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nan
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nan
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For Immediate Release
Chicago, IL - October 28, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the FedEx Corporation ( FDX ), Kroger Co. ( KR ), Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and ULTA Salon, Cosmetics & Fragrance, Inc. ( ULTA ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Tuesday's Analyst Blog:
4 Retail Stocks to Buy on Holiday Spending
Even though Halloween celebrations won't begin until Saturday, retailers are already gearing up to welcome holiday shoppers. The National Retail Federation (NRF) said that it expects a 3.7% rise in sales during the holiday period. Several factors provide an optimistic outlook for retailers this time around. This includes favorable economic conditions and a push provided by online sales.
Retailers look poised to mop up gains from these encouraging trends. Thus, adding retail stocks to your portfolio may be a prudent decision at this time.
Encouraging Economic Conditions
Oil prices continue to trend lower, creating more disposable income for the consumer. On Monday, the price of WTI crude oil dropped to its lowest level since Aug 10. Oversupply concerns and weakening global demand continue to weigh on oil prices .
Additionally, the job market also continues to show gradual improvement. September job additions came in lower than expected and average hourly earnings declined by a cent. However, the unemployment rate has come down to 5.1%, a significantly lower number. Meanwhile consumer confidence of low-income groups is at an all-time high.
Online Sales to Rise
Estimates released on Monday by FedEx Corporation ( FDX ) show that the company will possibly handle 317 million packages from the period starting from Black Friday and ending on Christmas. These represent record volumes and will be a 12.4% hike over the same time last year.
FedEx also said that it expects to see heightened activity around Cyber Monday, when online offers touch a yearly high as well as on the first two Mondays of December. The company expects to handle in excess of twice the packages it does on a normal day.
These estimates indicate that online shopping is expected to improve significantly. They are also in line with NRF predictions that online sales will see a 6% to 8% jump.
Major Trends
Total holiday spending is expected to increase by 3.7% to $630.5 billion. The trend of purchasing for oneself will increase according to the NRF survey of consumers conducted this month. Of those polled, 55.8% expect to purchase non-gift items, with the amount of the purchase increasing from $126.37 to $131.59.
Smartphones will play a major role in purchases this time around. Of the respondents polled, 21.4% said they will utilize smartphones to make holiday purchases. This figure is the highest in percentage terms since the survey began in 2011.
Our Choices
Several indicators show that retailers are expected to gain significantly during the holiday shopping period. An increase in disposable income and an improving labor market are important reasons for expectations that sales will increase.
The convenience provided by online purchases will also add to shopping volumes. This is why it may be a good idea to add retail stocks to your portfolio at this time.
We have narrowed down our search based on good Zacks Rank and other relevant metrics.
The Kroger Co. ( KR ) is one of the nation's largest grocery retailers. In addition, directly, or through subsidiaries or franchisee and operating agreements, Kroger runs 781 convenience stores and 327 fine jewelry stores, among other store formats.
Kroger has a Zacks Rank #2 (Buy) and projected growth for the current year is 12.8%. It has a P/E (F1) of 19.06 and its earnings estimate for the current year has increased 0.6% over the last 30 days.
Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
Aaron's has a Zacks Rank #1 (Strong Buy) and expected earnings growth of 37.2% for the current year. It has a P/E (F1) is 16.19.
Build-A-Bear Workshop Inc. ( BBW ) is a retailer of stuffed animal toys and other such products.
Build-A-Bear Workshop has a Zacks Rank #1 (Strong Buy) and its estimated growth for the current year is 46.2%. The P/E (F1) is 13.44 and its PEG ratio of 0.67 is lower than the industry average of 1.26.
ULTA Salon, Cosmetics & Fragrance, Inc. ( ULTA ) provides one-stop shopping for prestige, mass and salon products and salon services.
ULTA Salon has a Zacks Rank #1 (Strong Buy) and projected growth for the current year is 20%. Its earnings estimate for the current year has increased 1% over the last 30 days.
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Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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FEDEX CORP (FDX): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
BUILD-A-BEAR WK (BBW): Free Stock Analysis Report
ULTA SALON COSM (ULTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Stocks recently featured in the blog include the FedEx Corporation ( FDX ), Kroger Co. ( KR ), Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and ULTA Salon, Cosmetics & Fragrance, Inc. ( ULTA ). Click to get this free report FEDEX CORP (FDX): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include the FedEx Corporation ( FDX ), Kroger Co. ( KR ), Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and ULTA Salon, Cosmetics & Fragrance, Inc. ( ULTA ). Click to get this free report FEDEX CORP (FDX): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
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Click to get this free report FEDEX CORP (FDX): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the FedEx Corporation ( FDX ), Kroger Co. ( KR ), Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and ULTA Salon, Cosmetics & Fragrance, Inc. ( ULTA ). Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
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Stocks recently featured in the blog include the FedEx Corporation ( FDX ), Kroger Co. ( KR ), Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and ULTA Salon, Cosmetics & Fragrance, Inc. ( ULTA ). Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report FEDEX CORP (FDX): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report To read this article on Zacks.com click here.
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9275.0
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2015-10-27 00:00:00 UTC
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Why Rent-A-Center Stock Plunged after Q3 Earnings Results
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AAN
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https://www.nasdaq.com/articles/why-rent-a-center-stock-plunged-after-q3-earnings-results-2015-10-27
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nan
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nan
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Shares of Rent-A-Center, Inc.RCII plunged roughly 20% during after-market trading hours yesterday, following the announcement of the company's third-quarter 2015 results. Although the rent-to-own operator continued with its positive earnings surprise streak for the third successive quarter, it missed on revenues and lowered its earnings forecast which took a toll on the stock.
Rent-A-Center delivered quarterly earnings of 47 cents a share that beat the Zacks Consensus Estimate by a couple of cents or 4.4%. However, the bottom line fell 6% year over year due to an increase in cost of rentals and fees as well as cost of merchandise sold. On a GAAP basis, the company reported a loss of 8 cents a share which compared unfavorably with earnings of 49 cents recorded a year ago.
Total revenue increased 3.6% to $791.6 million in the reported quarter. The improvement in the top line is attributable to higher revenue from the Acceptance Now segment, partly offset by a decline witnessed across the Core U.S., Mexico and Franchising segments. Revenues fell well short of the Zacks Consensus Estimate of $803 million.
Comparable-store sales (comps) for the quarter grew 5.2%, reflecting a year-over-year increase of 24.5% and 5% across the Acceptance Now and Mexico segments, respectively, partially offset by a decline of 0.2% in the Core U.S. segment.
Comps across the Core U.S. segment improved 340 basis points (bps) from the prior-year quarter on account of the new smartphone product category and an increase in merchandise sales. The upside was, however, offset by softness in oil industry affected markets and sluggishness across the computers and tablets category. Comps at Acceptance Now increased on the back of improved business performance and the commencement of 90-day option pricing.
Management has undertaken initiatives to strengthen the performance of its Core U.S. segment and these efforts have been bearing fruit to an extent. The company expects to reap benefits from its Flexible Labor and Sourcing & Distribution endeavors. The new labor model has been launched across approximately 2,100 Core U.S. locations, and is expected to generate savings of $20-$25 million at an annualized run rate by mid 2016. On the other hand, the five distribution centers are fully functional, and the company anticipates savings of $25-$35 million at an annualized run rate by the end of 2016.
The introduction of smartphones is aiding the performance of the Core U.S. segment. Smartphones accounted for approximately 9% of the segment's revenue. Moreover, management has been gradually making a shift in its pricing strategy at the Core U.S. unit - from a cost-based pricing technique to a data-driven, market-responsive model. The company is also working toward enhancing omni-channel capacities and plans to obtain full eCommerce competency in 2016. Further, the company has been introducing a new point-of-sale system.
The company's business model, called Acceptance Now, continues to gain traction. Rent-A-Center has moved a step ahead by introducing the Acceptance Now value proposition across retail partner websites.
Revenue from Acceptance Now surged 26.6% to $196.7 million from the prior-year quarter figure, whereas revenue from the Core U.S. segment dipped 1.4% to $575.4 million. The Mexico segment's revenue came in at $14.5 million, down 24.1% year over year. Total franchise revenue decreased 20% to $5.1 million during the quarter.
Rent-A-Center's adjusted operating profit increased 12% to $52.2 million, while adjusted operating margin expanded 50 bps to 6.6%. Adjusted EBITDA jumped 8.5% to $72.2 million, whereas adjusted EBITDA margin increased 40 bps to 9.1%.
Store Update
During the quarter, the company converted 22 Core U.S. locations to franchisees, consolidated 68 stores with the existing locations and closed 16 locations, bringing the total store count to 2,697. The company also opened 30 Acceptance Now Staffed stores, converted 3 to Acceptance Now Direct and consolidated 18 stores with the existing locations, taking the total count to 1,468 stores. There were 223 Acceptance Now Direct stores at the end of the quarter, which include 208 Acceptance Now Direct stores opened, 3 converted stores from Acceptance Now Staffed and 12 locations at the beginning of the quarter.
In Mexico, the store count at the end of the quarter was 143. Rent-A-Center Franchising, which is a wholly owned subsidiary of Rent-A-Center, added 1 new location and 22 converted stores, with the total store count coming to 207.
Other Financial Aspects
Rent-A-Center, which shares space with McGrath Rentcorp MGRC and AeroCentury Corp. ACY , ended the quarter with cash and cash equivalents of $60 million, senior debt of $371.6 million, and shareholders' equity of $1,402.3 million. Capital expenditures for the quarter were $18.3 million.
Guidance
Management lowered its earnings outlook and now projects full-year 2015 earnings in the band of $2.00-$2.10 per share. The company expects fourth-quarter earnings in the range of 52-62 cents. The current Zacks Consensus Estimate for the final quarter and the full year, which stand at 69 cents and $2.16, respectively, could witness a downward revision in the coming days, with analysts realigning their estimates in line with the company's guidance.
Earlier, Rent-A-Center had anticipated full-year 2015 earnings in the band of $2.05-$2.20 per share. Also, the company had projected earnings between 63-72 cents per share for the fourth quarter.
Zacks Rank
Currently, Rent-A-Center carries a Zacks Rank #3 (Hold). A better-ranked stock in the same industry is Aaron's, Inc. AAN , which sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
RENT-A-CENTER (RCII): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AEROCENTURY CP (ACY): Free Stock Analysis Report
MCGRATH RENTCOR (MGRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the same industry is Aaron's, Inc. AAN , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Comps across the Core U.S. segment improved 340 basis points (bps) from the prior-year quarter on account of the new smartphone product category and an increase in merchandise sales.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is Aaron's, Inc. AAN , which sports a Zacks Rank #1 (Strong Buy). The company also opened 30 Acceptance Now Staffed stores, converted 3 to Acceptance Now Direct and consolidated 18 stores with the existing locations, taking the total count to 1,468 stores.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is Aaron's, Inc. AAN , which sports a Zacks Rank #1 (Strong Buy). Revenue from Acceptance Now surged 26.6% to $196.7 million from the prior-year quarter figure, whereas revenue from the Core U.S. segment dipped 1.4% to $575.4 million.
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A better-ranked stock in the same industry is Aaron's, Inc. AAN , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MCGRATH RENTCOR (MGRC): Free Stock Analysis Report To read this article on Zacks.com click here. Total revenue increased 3.6% to $791.6 million in the reported quarter.
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9276.0
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2015-10-27 00:00:00 UTC
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Will Aaron's (AAN) Impress Investors with Q3 Earnings?
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AAN
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https://www.nasdaq.com/articles/will-aarons-aan-impress-investors-with-q3-earnings-2015-10-27
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nan
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nan
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Aaron's, Inc.AAN is slated to report third-quarter 2015 results on Oct 30. In the last quarter, the company delivered a positive earnings surprise of 32.6%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
Aaron's outperformed the Zacks Consensus Estimate by an average of 19.7% over the past four quarters, with a positive beat in each quarter. Following the last quarter, the company remains impressed with Progressive's performance, which continued to report profitable results on the back of solid revenues. With regard to the core business, the company remains on track to deliver revenue and comparable store sales growth in the future. These factors encouraged management to raise its earnings outlook for full-year 2015, thus making us constructive on the company's upcoming results as well.
Earnings Whispers
Our proven model does not conclusively show that Aaron's is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Earnings ESP for Aaron's is currently pegged at 0.00%. This is because the Most Accurate estimate and the Zacks Consensus Estimate both stand at 30 cents.
Zacks Rank: Aaron's carries a Zacks Rank #3 (Hold), which increases the predictive power of ESP. However, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Dean Foods Company DF has an Earnings ESP of +4.00% and a Zacks Rank #2 (Buy).
The Clorox Company CLX has an Earnings ESP of +0.85% and a Zacks Rank #3.
Ralph Lauren Corporation RL has an Earnings ESP of +0.58% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
DEAN FOODS CO (DF): Free Stock Analysis Report
RALPH LAUREN CP (RL): Free Stock Analysis Report
CLOROX CO (CLX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN is slated to report third-quarter 2015 results on Oct 30. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report DEAN FOODS CO (DF): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report To read this article on Zacks.com click here. Following the last quarter, the company remains impressed with Progressive's performance, which continued to report profitable results on the back of solid revenues.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report DEAN FOODS CO (DF): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is slated to report third-quarter 2015 results on Oct 30. Stocks that Warrant a Look Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Dean Foods Company DF has an Earnings ESP of +4.00% and a Zacks Rank #2 (Buy).
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report DEAN FOODS CO (DF): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is slated to report third-quarter 2015 results on Oct 30. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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Aaron's, Inc.AAN is slated to report third-quarter 2015 results on Oct 30. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report DEAN FOODS CO (DF): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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9277.0
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2015-10-19 00:00:00 UTC
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The Fed Lowers the Bar and Stocks Jump, Zacks Market Strategy
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AAN
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https://www.nasdaq.com/articles/fed-lowers-bar-and-stocks-jump-zacks-market-strategy-2015-10-19
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nan
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nan
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Here is the most orthodox macro explanation for the negative fundamentals used by the bears. Underlying macro stimulus involved with too much cheap money for too long is the primary cause for two paths of activity: Global mimicry of QE and cheap long-term loans to the global oil and commodity complex.
The most conventional way to understand how QE stimulus went awry is to go back to traditional macro. Y (GDP growth) = C (consumption) + I (investment) + G (gov't spending) + NX (net exports). Economists think rate driven stimulus directly moves I, or Investment. That is the deep Keynesian meaning of having that I category separate from C, or consumption. This Investment macro category includes both housing and business fixed investment in equipment and structures. That's a key breakdown.
Clearly, the super low QE-driven rates assisted the recovery we see in the U.S. housing markets. What's
the other more submerged idea? Super low rates also stimulated business fixed investment in equipment and structures. That spells more equipment and structures in sectors that are more capital intensives.
What are those capital-intensive sectors? --Industrials, Materials, and Energy.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ACADIA HEALTHCR (ACHC): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CONN WATER SVC (CTWS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONN WATER SVC (CTWS): Free Stock Analysis Report To read this article on Zacks.com click here. Underlying macro stimulus involved with too much cheap money for too long is the primary cause for two paths of activity: Global mimicry of QE and cheap long-term loans to the global oil and commodity complex. Y (GDP growth) = C (consumption) + I (investment) + G (gov't spending) + NX (net exports).
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Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONN WATER SVC (CTWS): Free Stock Analysis Report To read this article on Zacks.com click here. This Investment macro category includes both housing and business fixed investment in equipment and structures. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONN WATER SVC (CTWS): Free Stock Analysis Report To read this article on Zacks.com click here. This Investment macro category includes both housing and business fixed investment in equipment and structures. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONN WATER SVC (CTWS): Free Stock Analysis Report To read this article on Zacks.com click here. This Investment macro category includes both housing and business fixed investment in equipment and structures. Super low rates also stimulated business fixed investment in equipment and structures.
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9278.0
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2015-10-16 00:00:00 UTC
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Conns Slides to Strong Sell Due to High Delinquency Rates
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AAN
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https://www.nasdaq.com/articles/conns-slides-to-strong-sell-due-to-high-delinquency-rates-2015-10-16
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nan
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nan
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On Oct 15, 2015, Zacks Investment Research downgraded Texas-based consumer durable goods retailer, Conns Inc.CONN , to a Zacks Rank #5 (Strong Sell).
Why the Downgrade?
Conns recently posted its sales and delinquency data for September, wherein its 60-plus day delinquency rate as of Sep 30, 2015, widened 20 basis points year over year and sequentially, to 9.9%.
Though comparable store sales and total retail sales for September witnessed year-over-year improvement, results continued to be affected by Conns' recent decision to discontinue video game products, digital cameras, and certain tablets. We note that shares of the company have plunged 15.8% since the sales and delinquency data announcement.
Apart from impacting September sales, higher delinquency rates also weighed on Conns' second-quarter fiscal 2016 earnings. The figure declined 7.8% year over year to 47 cents per share despite an outstanding performance from both the company's retail and credit divisions. Earnings came in line with the Zacks Consensus Estimate.
Consolidated revenues increased 12.2% year over year to $396.1 million, but fell short of the Zacks Consensus Estimate of $396.3 million.
The benefits from strong revenue growth were somewhat offset by a considerable jump in provision for bad debts, accountable to an increase in average receivable portfolio balance, a rise in balances originated in the quarter, an increase in delinquencies as well as the number of new customers of the total customer portfolio balance.
We believe that all the aforementioned factors led to the downgrade in Conns' earnings estimate revisions as analysts have become less constructive on the stock's future performance.
The Zacks Consensus Estimate has slumped 16.2% to $1.97 for fiscal 2016 and 7.8% to $2.72 for fiscal 2017 in the past 60 days. Further, the company's shares have nosedived 26.3% since its second-quarter earnings announcement.
Stocks to Consider
Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . While Aaron's sports a Zacks Rank #1 (Strong Buy), both Best Buy and hhgregg hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Though comparable store sales and total retail sales for September witnessed year-over-year improvement, results continued to be affected by Conns' recent decision to discontinue video game products, digital cameras, and certain tablets.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . While Aaron's sports a Zacks Rank #1 (Strong Buy), both Best Buy and hhgregg hold a Zacks Rank #2 (Buy).
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . On Oct 15, 2015, Zacks Investment Research downgraded Texas-based consumer durable goods retailer, Conns Inc.CONN , to a Zacks Rank #5 (Strong Sell).
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Stocks to Consider Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. On Oct 15, 2015, Zacks Investment Research downgraded Texas-based consumer durable goods retailer, Conns Inc.CONN , to a Zacks Rank #5 (Strong Sell).
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9279.0
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2015-10-13 00:00:00 UTC
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4 Reasons Why Investors Should Bet on Best Buy (BBY)?
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AAN
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https://www.nasdaq.com/articles/4-reasons-why-investors-should-bet-on-best-buy-bby-2015-10-13
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nan
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nan
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Investors are always looking for stocks which have incredible potential in the near term. However, finding such a stock in the retail space can be difficult as the industry is extremely volatile and alters drastically in tandem with change in consumer buying trends.
Moreover, the markets have been on a roller coaster ride in the recent past, whether we blame the flagging Chinese economy, the eurozone debt crisis or the U.S. Federal Reserve's pending decision over the first rate hike that has been put to rest (at least for now).
Despite the odds, we have been able to indentify one such company that stands out in and might prove to be a potential outperformer. That company is undoubtedly Best Buy Company, Inc.BBY . Here's a discussion on the determinants of why we think that Best Buy has the potential to excel in the days to come:
Positive Earnings Surprise History
A look at Best Buy's performance in the trailing seven quarters is sure to encourage investors, as this company has outperformed the Zacks Consensus Estimate by an average of 35.3% over this period. In the last concluded quarter, the company's bottom line beat the Zacks Consensus Estimate by 44.1%.
Best Buy reported better-than-expected second-quarter fiscal 2016 results on Aug 25, wherein adjusted earnings from continuing operations came in at 49 cents, crushing the Zacks Consensus Estimate of 34 cents and the year-ago quarter figure of 42 cents.
Zacks Consensus Estimate Portrays an Uptrend
Clearly, positive sentiment is palpable among analysts as evident from the uptrend witnessed in the Zacks Consensus Estimate. Analysts polled by Zacks are now constructive on the stock's future performance. Over the past 60 days, the Zacks Consensus Estimate for fiscal 2016 and fiscal 2017 increased 5.9% to $2.68 per share and 4.7% to $2.92 per share, respectively.
Sturdy Growth Score
Who doesn't want a portfolio that generates higher returns? However, it might be difficult for one to look at each parameter and compare with the peer group for an analysis on whether the stock is attractive from growth perspective. To make the task easy, Zacks has designed the new Style Score System .
The attractiveness of Best Buy as an investment option is also confirmed by its Growth Style Score of 'A'. The Growth Style Score combines conventional growth metrics with a thorough analysis of the company's income statement, balance sheet and statements of cash flows to evaluate its financial health and the sustainability of its growth trajectory. Back-tested results show that stocks with Growth Style Score of 'A' or 'B', when combined with a Zacks Rank #1 (Strong Buy) or #2, offer the best upside potential.
Sturdy Fundamentals
Best Buy is a multinational specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. The company is making extensive investments to upgrade its operations with special focus on developing omni-channel capacities and strengthening partnership with vendors.
The company has undertaken free shipping, introduced flash sales, expanded payment options and amplified the visibility of open-box and clearance inventory to boost the online business. Further, Best Buy's "Renew Blue" program achieved tremendous success in fiscal 2015. Under the phase two of the plan, which commenced in fiscal 2016, the company intends to improve annualized operating income by $400 million over the next three years.
Zacks Rank
Best Buy currently carries a Zacks Rank #2 (Buy). Other favorably ranked stocks include Aaron's, Inc. AAN , Foot Locker, Inc. FL and hhgregg, Inc. HGG . While Aaron's and Foot Locker carry a Zacks Rank #1 (Strong Buy), hhgregg holds a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other favorably ranked stocks include Aaron's, Inc. AAN , Foot Locker, Inc. FL and hhgregg, Inc. HGG . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the markets have been on a roller coaster ride in the recent past, whether we blame the flagging Chinese economy, the eurozone debt crisis or the U.S. Federal Reserve's pending decision over the first rate hike that has been put to rest (at least for now).
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Other favorably ranked stocks include Aaron's, Inc. AAN , Foot Locker, Inc. FL and hhgregg, Inc. HGG . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. While Aaron's and Foot Locker carry a Zacks Rank #1 (Strong Buy), hhgregg holds a Zacks Rank #2.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably ranked stocks include Aaron's, Inc. AAN , Foot Locker, Inc. FL and hhgregg, Inc. HGG . Here's a discussion on the determinants of why we think that Best Buy has the potential to excel in the days to come: Positive Earnings Surprise History A look at Best Buy's performance in the trailing seven quarters is sure to encourage investors, as this company has outperformed the Zacks Consensus Estimate by an average of 35.3% over this period.
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Other favorably ranked stocks include Aaron's, Inc. AAN , Foot Locker, Inc. FL and hhgregg, Inc. HGG . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Here's a discussion on the determinants of why we think that Best Buy has the potential to excel in the days to come: Positive Earnings Surprise History A look at Best Buy's performance in the trailing seven quarters is sure to encourage investors, as this company has outperformed the Zacks Consensus Estimate by an average of 35.3% over this period.
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9280.0
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2015-10-12 00:00:00 UTC
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Constellation Brands (STZ) On a Roll, Hits 52-Week High
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AAN
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https://www.nasdaq.com/articles/constellation-brands-stz-on-a-roll-hits-52-week-high-2015-10-12
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nan
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nan
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Constellation BrandsSTZ is firing on all cylinders to make its way into the investors' kitty. The company's shares have surged over 41% year to date, backed by its solid brand portfolio, strategic growth initiatives, impressive earnings trend and robust financials.
Moreover, this Zacks Rank #2 (Buy) company hit a 52-week high of $137.67 in the last trading session, eventually closing at $136.89.
Keeping its earnings beat trend alive for the fourth straight quarter, Constellation Brands recently posted stellar second-quarter fiscal 2016 results wherein the company's top and bottom lines exceeded estimates and improved year over year. Results were backed by continued strength in the company's beer business, improving trends at its wine and spirits business, and solid overall depletion trends.
The impressive results also encouraged management to raise its outlook for the fiscal year, following which the Zacks Consensus Estimate for fiscal 2016 is trending upwards. The consensus estimate has climbed 2.6% to $5.14 per share, over the past 7 days, which reflects the fact that analysts have become more constructive on the stock's performance.
Constellation Brands occupies a predominant position in the premium wine and beer segment in the U.S. In fact, the company generated nearly 45% of the total volume growth in the overall U.S. beer industry that marked its beer portfolio's twenty-second straight quarter of gains in market share volume.
Taking a look at the fundamentals, the company's consistent focus on brand building and its initiatives to include new products in its wine and spirits business are the major revenue drivers for the stock. Moreover, Constellation Brands has been undertaking meaningful acquisitions and joint ventures, which appear promising and beneficial for its business.
We believe that all these factors have been key drivers for the company and are likely to keep investors in good spirits.
Apart from Constellation Brands, Aaron's, Inc. AAN , Tyson Foods, Inc. TSN and Dr Pepper Snapple Group, Inc. DPS , also hit 52-week highs of $40.80, $46.78 and $84.18, respectively, on Oct 9, 2015.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
DR PEPPER SNAPL (DPS): Free Stock Analysis Report
TYSON FOODS A (TSN): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apart from Constellation Brands, Aaron's, Inc. AAN , Tyson Foods, Inc. TSN and Dr Pepper Snapple Group, Inc. DPS , also hit 52-week highs of $40.80, $46.78 and $84.18, respectively, on Oct 9, 2015. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report DR PEPPER SNAPL (DPS): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The company's shares have surged over 41% year to date, backed by its solid brand portfolio, strategic growth initiatives, impressive earnings trend and robust financials.
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Apart from Constellation Brands, Aaron's, Inc. AAN , Tyson Foods, Inc. TSN and Dr Pepper Snapple Group, Inc. DPS , also hit 52-week highs of $40.80, $46.78 and $84.18, respectively, on Oct 9, 2015. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report DR PEPPER SNAPL (DPS): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The company's shares have surged over 41% year to date, backed by its solid brand portfolio, strategic growth initiatives, impressive earnings trend and robust financials.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report DR PEPPER SNAPL (DPS): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from Constellation Brands, Aaron's, Inc. AAN , Tyson Foods, Inc. TSN and Dr Pepper Snapple Group, Inc. DPS , also hit 52-week highs of $40.80, $46.78 and $84.18, respectively, on Oct 9, 2015. Keeping its earnings beat trend alive for the fourth straight quarter, Constellation Brands recently posted stellar second-quarter fiscal 2016 results wherein the company's top and bottom lines exceeded estimates and improved year over year.
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Apart from Constellation Brands, Aaron's, Inc. AAN , Tyson Foods, Inc. TSN and Dr Pepper Snapple Group, Inc. DPS , also hit 52-week highs of $40.80, $46.78 and $84.18, respectively, on Oct 9, 2015. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report DR PEPPER SNAPL (DPS): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The company's shares have surged over 41% year to date, backed by its solid brand portfolio, strategic growth initiatives, impressive earnings trend and robust financials.
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9281.0
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2015-10-09 00:00:00 UTC
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Conns Falls Despite Posting Positive September Sales Data
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AAN
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https://www.nasdaq.com/articles/conns-falls-despite-posting-positive-september-sales-data-2015-10-09
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nan
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nan
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Conns Inc.CONN released its sales data for the month ended Sep 30, 2015, wherein total retail sales advanced 7.8% year over year to $110.8 million. Comparable store sales (comps) for September edged up 1.8%, as against a 2% fall recorded last year.
The company's 60-plus day delinquency rate as of Sep 30, 2015, widened 20 basis points (bps) year over year as well as sequentially to 9.9%. Consequently, shares of this Zacks Rank #4 (Sell) stock dropped 4.7%.
Comps growth for the month was backed by robust business witnessed in the Labor Day weekend, which provided an impetus to furniture & mattress, and TV sales. However, Conns' September comps were impacted by its recent decision to discontinue video game products, digital cameras, and certain tablets. Excluding the effect of the discontinuation of these products, Conns' September comps rose 5.7%.
Segment-wise, the Furniture and mattress and Home appliance segments posted comps growth of 15.7% and 1.6%, respectively. On the other hand, comps at the Consumer electronics, Home office and other segment, declined 8.5%, 11.2% and 27.9%, respectively.
Within the Consumer electronics category, television sales grew 1.2%, driven by higher average selling price, partly offset by lower same unit sales. The Home appliance segment witnessed a rise in both same store unit sales and average selling prices.
At the Furniture and mattress segment, the rise in same store unit sales was partly offset by lower average selling prices. In comparison, higher same store unit sales could only partially eliminate the impact of lower selling prices at the Home office segment (excluding the impact from tablets).
Finally, comparable sales from repair service agreement commissions grew 6.2% for September.
Zacks Rank
Some well-ranked stocks in the same sector include Aaron's Inc. AAN , with a Zacks Rank #1, and hhgregg, Inc. HGG and Best Buy Co. Inc. BBY , each with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Zacks Rank Some well-ranked stocks in the same sector include Aaron's Inc. AAN , with a Zacks Rank #1, and hhgregg, Inc. HGG and Best Buy Co. Inc. BBY , each with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Comps growth for the month was backed by robust business witnessed in the Labor Day weekend, which provided an impetus to furniture & mattress, and TV sales.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank Some well-ranked stocks in the same sector include Aaron's Inc. AAN , with a Zacks Rank #1, and hhgregg, Inc. HGG and Best Buy Co. Inc. BBY , each with a Zacks Rank #2 (Buy). Within the Consumer electronics category, television sales grew 1.2%, driven by higher average selling price, partly offset by lower same unit sales.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank Some well-ranked stocks in the same sector include Aaron's Inc. AAN , with a Zacks Rank #1, and hhgregg, Inc. HGG and Best Buy Co. Inc. BBY , each with a Zacks Rank #2 (Buy). Within the Consumer electronics category, television sales grew 1.2%, driven by higher average selling price, partly offset by lower same unit sales.
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Zacks Rank Some well-ranked stocks in the same sector include Aaron's Inc. AAN , with a Zacks Rank #1, and hhgregg, Inc. HGG and Best Buy Co. Inc. BBY , each with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Comparable store sales (comps) for September edged up 1.8%, as against a 2% fall recorded last year.
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9282.0
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2015-10-07 00:00:00 UTC
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Conns (CONN) Down to Strong Sell: What is the Reason?
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AAN
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https://www.nasdaq.com/articles/conns-conn-down-to-strong-sell%3A-what-is-the-reason-2015-10-07
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nan
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nan
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On Oct 7, 2015, Zacks Investment Research downgraded Texas-based consumer durable goods retailer, Conns Inc.CONN to a Zacks Rank #5 (Strong Sell).
Why the Downgrade?
The primary reason for the downgrade is the negative trend seen in Conns' earnings estimate revisions after the company reported dismal second-quarter fiscal 2016 results on Sep 9.
The Zacks Consensus Estimate fell 24.4% to 65 cents for the third quarter of fiscal 2016, 15.5% to $1.96 for fiscal 2016 and 6.1% to $2.76 for fiscal 2017 in the past 30 days. Further, the company's shares have dropped 15.7% since its second-quarter earnings announcement.
Though the company's adjusted earnings per share of 47 cents, for the second quarter, were in line with the Zacks Consensus Estimate, quarterly earnings slumped 7.8% year over year. The decline resulted from higher delinquent debt rates that weighed on the company's profits despite an outstanding performance from both the company's retail and credit divisions.
Consolidated revenues for the quarter, however, increased 12.2% year over year to $396.1 million, primarily driven by store openings and solid performance at both the company's retail and credit segments. However, it failed to surpass the Zacks Consensus Estimate of $396.3 million.
The benefits from strong revenue growth were somewhat offset by a considerable jump in provision for bad debts. During the second quarter, the company's provision for bad debts increased by $11.7 million to $51.3 million. The rise was led by a 24.5% increase in average receivable portfolio balance, a 26.1% increase in balances originated in the quarter, a rise in delinquencies and an increase in the number of new customers of the total customer portfolio balance.
Additionally, concurrent with the second-quarter fiscal 2016 results, the company also posted its sales data for the month ended Aug 31, 2015. Here we note that, though total retail sales for August advanced 5.3% year over year to $112.7 million, comps for the same period decreased 0.2%, as against a 3.3% rise in the year-ago period. Conns' comps were impacted by its decision to discontinue its video game products, digital cameras, and certain tablets.
Stocks with Favorable Zacks Rank
Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . While Aaron's carries a Zacks Rank #1 (Strong Buy), Best Buy and hhgregg hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks with Favorable Zacks Rank Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The primary reason for the downgrade is the negative trend seen in Conns' earnings estimate revisions after the company reported dismal second-quarter fiscal 2016 results on Sep 9.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks with Favorable Zacks Rank Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . While Aaron's carries a Zacks Rank #1 (Strong Buy), Best Buy and hhgregg hold a Zacks Rank #2 (Buy).
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks with Favorable Zacks Rank Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . On Oct 7, 2015, Zacks Investment Research downgraded Texas-based consumer durable goods retailer, Conns Inc.CONN to a Zacks Rank #5 (Strong Sell).
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Stocks with Favorable Zacks Rank Some better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The primary reason for the downgrade is the negative trend seen in Conns' earnings estimate revisions after the company reported dismal second-quarter fiscal 2016 results on Sep 9.
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9283.0
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2015-10-06 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Acadia Healthcare, Aaron and Conn Water Services
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AAN
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-acadia-healthcare-aaron-and-conn-water-services-2015-10
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nan
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For Immediate Release
Chicago, IL - October 06, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Acadia Healthcare ( ACHC ), Aaron ( AAN ) and Conn Water Services ( CTWS ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Monday's Analyst Blog:
Zacks October Market Strategy
The following is an excerpt from John Blank's latest Zacks Market Strategy report. To access the full PDF, click here .
Follow me on Twitter @johnblank100
The September jobs report looked weak across the board. This poor report raised serious questions about whether the Fed will raise rates at all in 2015.
Two months after a sudden correction, what's my current message?\ Q3 earnings season is close and will clarify. In the interim, stocks trade on a mix of shorting (bearish) and short covering (bullish), and bargain hunting (bullish) and profit-taking (bearish). Q3 stock and company narratives will add weight to all of these cases. The major stock market indexes will show us the mixture.
As I wrote last month, the "Short Global Growth" event is at the end of a third leg down.
Short rules were changed meaningfully in 2006. Added to that, there is an aggressive search for a set of negative scenarios to bring a major short trade into long-short hedge funds that are funded with 100s of billions of dollars. The capital is fed to them by the big endowments, pension funds and sovereign wealth funds. Stock markets feel heavy weight from these informed, concentrated short calls.
The first leg of the stock selling and shorting hit went Mario Draghi got bearish on Europe in the middle of 2014.
The second leg of this short play came in October 2014, when the Fed ended QE. The Euro and Yen tanked, and oil prices and commodities collapsed. FX and oil trade easily with ETFs now. Those were crowded inverse, or short trades too.
A new third leg opened in this "Big Short" playbook about the Fourth of July 2015. This leg down centered on oil prices and pessimism about China, both accessible by ETFs.
The only positive way to spin this, at the risk of sounding like I am spinning this, is this all took place in the worst global backdrop for stock sentiment in many years, particularly regarding China. Tone does play a role. Moving across October, we could see a major upturn in sentiment. I see short covering in oil, the euro and to some degree in stocks now.
How did we get here?
It started when the U.S. began QE in 2012. It got fresh impetus with the use of the QE tactics by Japan and Europe.
Here is the most orthodox macro explanation for the negative fundamentals used by the bears. Underlying macro stimulus involved with too much cheap money for too long is the primary cause for two paths of activity: Global mimicry of QE and cheap long-term loans to the global oil and commodity complex.
The most conventional way to understand how QE stimulus went awry is to go back to traditional macro. Y (GDP growth) = C (consumption) + I (investment) + G (gov't spending) + NX (net exports). Economists think rate-driven stimulus directly moves I, or Investment. That is the deep Keynesian meaning behind having the I category separate from C, or consumption. This Investment macro category includes both housing and business fixed investment in equipment and structures. That's a key breakdown.
Clearly, the super low QE-driven rates assisted the recovery we see in the U.S. housing markets. What's the other more submerged idea? Super-low rates also stimulated business fixed investment in equipment and structures. That spells more equipment and structures in sectors that are more capital intensive.
What are those capital-intensive sectors? Industrials, Materials and Energy.
We see deep price deflation in the Energy (-64% EPS estimates for Q3) and Commodities (-13.1% ESP estimates for Q3) complex globally. We also see big job cuts at Caterpillar and HP. The Industrials EPS growth is now -5.8% for the coming Q3 quarter. Overcapacity of equipment and structures is a clear cause of the deep price deflation underpinning these three sector cases.
Zacks Sector/Industry/Company Telescope
October Zacks Ranked Sectors show the analyst community sticking with the usual two EPS winners.
Health Care and Consumer Discretionary lead the way. Utilities stay strong to December, without Fed rate hikes until then or later. Info Tech got upgraded to Attractive. Financials are a firm Market Weight this month. Energy and Materials sunk to Very Unattractive sectors, once again, under the weight of struggling China concerns.
(1) Health Care remains Very Attractive. Its three industry groups look solid.
Zacks #1 Rank Company to Look at: Acadia Healthcare ( ACHC )
Nice entry point here after the sell-off. Acadia Healthcare Company, Inc. provides inpatient behavioral health care services. It provides psychiatric and chemical dependency services, including inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and therapeutic school-based programs. Acadia is headquartered in Franklin, Tennessee.
(2) Consumer Discretionary get upgraded to a Very Attractive Sector again. Leaders are Consumer Electronics and Autos. Apparel and Home Furnishings-Appliances are strong too.
Zacks #1 Rank Company to Look at:Aaron's ( AAN )
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, GA.
(3) Utilities stay at Very Attractive. The leader is Utilities-Water Supply now, with Gas Distribution close. Dividend paying defensives stay in play til December.
Company to Look at: Conn Water Services ( CTWS )
Connecticut Water Service, Inc., is a non-operating holding company whose income comes solely from its subsidiaries. The core business is water service to people throughout towns in Connecticut and Massachusetts.
(4) Info Tech rises to Attractive. Telco Services, Electronics and Computer Software industry look best. The Semis are now up to Market.
(5) Industrials get back to Market Weight. Business Products, Aerospace & Defense and Airlines are the leaders. The poorest Zacks ranked industries are Pollution, Machinery, Machinery Electrical and Metal Fabricating.
(6) Financials upgraded to Market Weight. Real Estate and Finance look good. The Investment Funds are Unattractive. Major Banks are Unattractive.
(7) Consumer Staples fell firmly to Unattractive. Food is best at Market. Food/Drug Retail, Agri-business, Beverages and Misc. sink this sector solidly.
(8) Telcos fall to Very Unattractive. Not sure what the story is.
(9) Materials get to Very Unattractive. Paper is holding up well. Metals-Non Ferrous and Steel are the worst, heavily influenced by the China slowdown.
(10) Energy gets a Very Unattractive rating. There is one very bright spot: Energy-Alternate Sources got to Very Attractive. Oil Misc. (Refiners) is Attractive too. The core O&G industry struggles. Coal is in the dumps.
To access the full PDF, click here .
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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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ACADIA HEALTHCR (ACHC): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CONN WATER SVC (CTWS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include the Acadia Healthcare ( ACHC ), Aaron ( AAN ) and Conn Water Services ( CTWS ). Zacks #1 Rank Company to Look at:Aaron's ( AAN ) 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. Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONN WATER SVC (CTWS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include the Acadia Healthcare ( ACHC ), Aaron ( AAN ) and Conn Water Services ( CTWS ). Zacks #1 Rank Company to Look at:Aaron's ( AAN ) 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. Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONN WATER SVC (CTWS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONN WATER SVC (CTWS): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the Acadia Healthcare ( ACHC ), Aaron ( AAN ) and Conn Water Services ( CTWS ). Zacks #1 Rank Company to Look at:Aaron's ( AAN ) 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.
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Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONN WATER SVC (CTWS): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the Acadia Healthcare ( ACHC ), Aaron ( AAN ) and Conn Water Services ( CTWS ). Zacks #1 Rank Company to Look at:Aaron's ( AAN ) 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.
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9284.0
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2015-09-29 00:00:00 UTC
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New Strong Buy Stocks for September 29th
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AAN
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-september-29th-2015-09-29
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Aaron's, Inc. ( AAN )
ABIOMED, Inc. ( ABMD )
AcelRx Pharmaceuticals Inc ( ACRX )
Affymetrix, Inc. ( AFFX )
Alaska Air Group, Inc. ( ALK )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ABIOMED INC (ABMD): Free Stock Analysis Report
ACELRX PHARMACT (ACRX): Free Stock Analysis Report
AFFYMETRIX INC (AFFX): Free Stock Analysis Report
ALASKA AIR GRP (ALK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) ABIOMED, Inc. ( ABMD ) AcelRx Pharmaceuticals Inc ( ACRX ) Affymetrix, Inc. ( AFFX ) Alaska Air Group, Inc. ( ALK ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABIOMED INC (ABMD): Free Stock Analysis Report ACELRX PHARMACT (ACRX): Free Stock Analysis Report AFFYMETRIX INC (AFFX): Free Stock Analysis Report ALASKA AIR GRP (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) ABIOMED, Inc. ( ABMD ) AcelRx Pharmaceuticals Inc ( ACRX ) Affymetrix, Inc. ( AFFX ) Alaska Air Group, Inc. ( ALK ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABIOMED INC (ABMD): Free Stock Analysis Report ACELRX PHARMACT (ACRX): Free Stock Analysis Report AFFYMETRIX INC (AFFX): Free Stock Analysis Report ALASKA AIR GRP (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) ABIOMED, Inc. ( ABMD ) AcelRx Pharmaceuticals Inc ( ACRX ) Affymetrix, Inc. ( AFFX ) Alaska Air Group, Inc. ( ALK ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABIOMED INC (ABMD): Free Stock Analysis Report ACELRX PHARMACT (ACRX): Free Stock Analysis Report AFFYMETRIX INC (AFFX): Free Stock Analysis Report ALASKA AIR GRP (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) ABIOMED, Inc. ( ABMD ) AcelRx Pharmaceuticals Inc ( ACRX ) Affymetrix, Inc. ( AFFX ) Alaska Air Group, Inc. ( ALK ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ABIOMED INC (ABMD): Free Stock Analysis Report ACELRX PHARMACT (ACRX): Free Stock Analysis Report AFFYMETRIX INC (AFFX): Free Stock Analysis Report ALASKA AIR GRP (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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9285.0
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2015-09-28 00:00:00 UTC
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Conns Gets Closer to FY15 Store Target with 2 New Openings
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AAN
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https://www.nasdaq.com/articles/conns-gets-closer-to-fy15-store-target-with-2-new-openings-2015-09-28
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Moving closer to its store growth target for fiscal 2015, Conns Inc.CONN opened two new HomePlus stores on Sep 26, one each in Thornton, CO and Augusta, GA.
Spanning 46,000 square feet, the new Colorado store is located at 550 E. 102nd Avenue in Thornton, marking for Conns' seventh store in the state and its fifth in the Denver region. This store has generated 27 employment opportunities for the local residents, taking the number of jobs created by Conns in Colorado to 200. Also, it comes as part of Conns' ongoing expansion in the state.
Moving to the second opening, the new Georgia store spans over 50,000 square feet and is housed at 270 Bobby Jones Expressway in Augusta. Being one of the biggest store formats in this chain, the store has created roughly 30 new employment opportunities for the region.
Celebrations to mark the opening included lucrative offers, like various gift card giveaways, storewide promotions and a chance to win free shopping worth $10,000. In fact, the shopping spree option will be available at the Augusta store and all seven Colorado stores, up to Oct 30, 2015.
Conns' HomePlus stores offer superior-quality products at reasonable prices. These stores specialize in furniture and mattresses, home appliances, consumer electronics and home office products.
The robust demand is also largely attributable to Conns' attractive in-house credit program, YES MONEY. This plan lends customers the option of buying good-quality products by paying low monthly installments. This strategy of providing customers with an opportunity to purchase the otherwise unaffordable items gives Conns an edge over its competitors, thereby increasing its popularity and enhancing customer relations.
We believe that Conns' continuous efforts to increase store count, along with its flexible credit options for customers, will boost its performance going forward. Also, the constant HomePlus store openings highlight strong demand and positive response received from customers
Further, the new outlets complement the company's plan of opening about 20 stores nationwide in fiscal 2015. At present, Conns operates over 90 stores across 12 states.
Zacks Rank
Conns currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. This store has generated 27 employment opportunities for the local residents, taking the number of jobs created by Conns in Colorado to 200.
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Better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy). Moving closer to its store growth target for fiscal 2015, Conns Inc.CONN opened two new HomePlus stores on Sep 26, one each in Thornton, CO and Augusta, GA. Spanning 46,000 square feet, the new Colorado store is located at 550 E. 102nd Avenue in Thornton, marking for Conns' seventh store in the state and its fifth in the Denver region.
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Better-ranked stocks in the same industry include Aaron's, Inc. AAN , Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Moving closer to its store growth target for fiscal 2015, Conns Inc.CONN opened two new HomePlus stores on Sep 26, one each in Thornton, CO and Augusta, GA. Spanning 46,000 square feet, the new Colorado store is located at 550 E. 102nd Avenue in Thornton, marking for Conns' seventh store in the state and its fifth in the Denver region.
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9286.0
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2015-09-23 00:00:00 UTC
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Aaron's Latest Developments to Drive Progressive's Growth
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AAN
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https://www.nasdaq.com/articles/aarons-latest-developments-to-drive-progressives-growth-2015-09-23
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Aaron's, Inc.AAN made a couple of announcements, focused on strengthening the point-of-sale existence of its wholly owned subsidiary, Progressive Finance Holdings, LLC.
Firstly, Aaron's announced plans to buy all shares of Dent-A-Med, Inc. d/b/a The HELPcard for roughly $55 million. This transaction, which is anticipated to conclude in a month and a half, will be financed through a combination of cash and debt. Following this buyout, The HELPcard will operate as Progressive's wholly owned subsidiary.
Headquartered in Springdale, AR, The HELPcard possesses a solid track record of over three decades in providing miscellaneous open-end financing programs. These programs are initiated via federally insured banks and involve simple terms and conditions compared to other prime credit programs.
The HELPcard, which presently caters to over 700 partners across more than 1,400 locations, is likely to benefit retail partners by providing best-in-class point-of-sale products along with an integrated solution for near-prime customers. Also, it will help Progressive expand its customer base, and boost top and bottom-line growth. However, Aaron's 2015 earnings will not be impacted by The HELPcard's addition.
The second development announced by Aaron's pertains to the launch of Approve.Me, which will offer a single application for consumers looking for both lease alternatives and credit approval. This app, developed by Progressive, will basically integrate various credit and lease providers, into a single interface.
Approve.Me will be compatible with almost all primary and secondary lease/finance providers, and will help retailers offer speedy and convenient financing options to customers. This in turn is likely to augment sales.
The HELPcard's buyout, combined with the introduction of Approve.Me, will be an answer to retailers' search for a midway between Progressive's lease offering and prime credit offerings of banks. By coming up with a 'one-stop shop' at the points of sale, these recent developments will strategically benefit this Zacks Rank #2 (Buy) company's Progressive business.
Other Stocks to Consider
Other well-ranked retail stocks worth considering include Casey's General Stores, Inc. CASY , with a Zacks Rank #1 (Strong Buy), Best Buy Co., Inc BBY and Target Corp. TGT , each carrying a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
CASEYS GEN STRS (CASY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN made a couple of announcements, focused on strengthening the point-of-sale existence of its wholly owned subsidiary, Progressive Finance Holdings, LLC. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report To read this article on Zacks.com click here. Headquartered in Springdale, AR, The HELPcard possesses a solid track record of over three decades in providing miscellaneous open-end financing programs.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN made a couple of announcements, focused on strengthening the point-of-sale existence of its wholly owned subsidiary, Progressive Finance Holdings, LLC. Other Stocks to Consider Other well-ranked retail stocks worth considering include Casey's General Stores, Inc. CASY , with a Zacks Rank #1 (Strong Buy), Best Buy Co., Inc BBY and Target Corp. TGT , each carrying a Zacks Rank #2.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN made a couple of announcements, focused on strengthening the point-of-sale existence of its wholly owned subsidiary, Progressive Finance Holdings, LLC. The HELPcard's buyout, combined with the introduction of Approve.Me, will be an answer to retailers' search for a midway between Progressive's lease offering and prime credit offerings of banks.
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Aaron's, Inc.AAN made a couple of announcements, focused on strengthening the point-of-sale existence of its wholly owned subsidiary, Progressive Finance Holdings, LLC. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report To read this article on Zacks.com click here. The HELPcard's buyout, combined with the introduction of Approve.Me, will be an answer to retailers' search for a midway between Progressive's lease offering and prime credit offerings of banks.
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9287.0
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2015-09-22 00:00:00 UTC
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Notable option activity in equities
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AAN
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https://www.nasdaq.com/articles/notable-option-activity-equities-2015-09-22
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Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.
Aaron's (AAN): About 5,000 October 36 puts were bought for $0.60 to $0.80 as traders braced for downside in the rental stock. AAN fell 1.86 percent to $37.41.
Lithia Motors (LAD): A block of 3,600 October 115 calls were sold for $2.50 as investors bet upside will be limited in the stock. LAD fell 2.56 percent to $112.49.
Tenet Healthcare (THC): Traders bough 3,200 October 45 calls for $0.95, looking for the hospital operator to rally. THC rose 0.21 percent to $43.86.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's (AAN): About 5,000 October 36 puts were bought for $0.60 to $0.80 as traders braced for downside in the rental stock. AAN fell 1.86 percent to $37.41. Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's (AAN): About 5,000 October 36 puts were bought for $0.60 to $0.80 as traders braced for downside in the rental stock. AAN fell 1.86 percent to $37.41.
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Aaron's (AAN): About 5,000 October 36 puts were bought for $0.60 to $0.80 as traders braced for downside in the rental stock. AAN fell 1.86 percent to $37.41. Lithia Motors (LAD): A block of 3,600 October 115 calls were sold for $2.50 as investors bet upside will be limited in the stock.
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AAN fell 1.86 percent to $37.41. Aaron's (AAN): About 5,000 October 36 puts were bought for $0.60 to $0.80 as traders braced for downside in the rental stock. LAD fell 2.56 percent to $112.49.
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9288.0
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2015-09-22 00:00:00 UTC
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Consumer Sector Update for 09/22/2015: NMBL, AAN, KMX
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https://www.nasdaq.com/articles/consumer-sector-update-09222015-nmbl-aan-kmx-2015-09-22
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Top Consumer Shares:
WMT: -1.1%
MCD: -0.8%
DIS: -1.0%
CVS: flat
KO: -0.8%
GE: -1.2%
Consumer shares were generally lower ahead of the opening bell Tuesday.
In consumer stocks news, data storage platform Nimble Storage ( NMBL ) shares were downgraded by Goldman Sachs to neutral from buy.
Shares in the company were unchanged pre-bell at $25.79. Over the past 52 weeks, the company has traded between $20.82 and $32.16.
Aaron's ( AAN ), a specialty retailer of furniture, saw its shares downgraded to market perform from outperform by Raymond James.
The company was 1.6% lower pre-bell at $37.50, close to the upper end of its 52 week range between $23.12 and $40.06.
And CarMax Inc ( KMX ), a retailer of used cars, posted fiscal Q2 earnings that beat estimates, with revenue just shy of the consensus.
Shares in the company were unchanged at $62.66. This is also towards the upper end of the company's 52 week trading range between $43.27 and $75.40.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's ( AAN ), a specialty retailer of furniture, saw its shares downgraded to market perform from outperform by Raymond James. Consumer shares were generally lower ahead of the opening bell Tuesday. And CarMax Inc ( KMX ), a retailer of used cars, posted fiscal Q2 earnings that beat estimates, with revenue just shy of the consensus.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's ( AAN ), a specialty retailer of furniture, saw its shares downgraded to market perform from outperform by Raymond James. This is also towards the upper end of the company's 52 week trading range between $43.27 and $75.40.
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Aaron's ( AAN ), a specialty retailer of furniture, saw its shares downgraded to market perform from outperform by Raymond James. In consumer stocks news, data storage platform Nimble Storage ( NMBL ) shares were downgraded by Goldman Sachs to neutral from buy. Shares in the company were unchanged pre-bell at $25.79.
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Aaron's ( AAN ), a specialty retailer of furniture, saw its shares downgraded to market perform from outperform by Raymond James. Top Consumer Shares: The company was 1.6% lower pre-bell at $37.50, close to the upper end of its 52 week range between $23.12 and $40.06.
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9289.0
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2015-09-16 00:00:00 UTC
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Zacks.com featured expert Kevin Matras highlights: BofI Holding, DR Horton, Cal-Maine Foods, Aaron's and CoreSite Realty
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https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-bofi-holding-dr-horton-cal-maine-foods
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Chicago, IL - September 16, 2015 - Stocks in this week's article include: BofI Holding ( BOFI ), DR Horton ( DHI ), Cal-Maine Foods ( CALM ) , Aaron's ( AAN ) and CoreSite Realty ( COR ) . Kevin Matras shows why stocks with new analyst coverage are stocks you want to have.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Stocks with Upgraded Broker Ratings
I'm sure we've all had the pleasure of waking one morning and seeing that a broker has upgraded one of our stocks. Usually that stock is in for a good day and possibly much more.
Unfortunately, we've probably all had the experience of waking up and seeing one of our stocks downgraded as well. Usually that stock is in for a rough day, and probably more days to follow.
And while nobody can perfectly predict an upgrade or guard against a downgrade, it's important to know how the market reacts to these things, so you can stay in your upgraded winners (or buy if you're on the fence) and consider getting out if a downgrade comes your way.
One thing I've been doing lately is screening for stocks that have recently seen a broker rating upgrade. Tests have proven that stocks with broker rating upgrades outperform those that don't get upgraded. And they really outperform those stocks that get downgraded.
By how much?
When I was writing my book Finding #1 Stocks, I ran a test on this very thing. I created three screens and ran some tests over the last 10 years. And I applied all the below criteria to stocks trading greater than or equal to $5 with an average daily trading volume of greater than or equal to 100,000.
In screen 1: I backtested only those companies with broker rating upgrades.
In screen 2: I tested companies with no rating change at all. Whatever the rating was, good or bad, there was no change.
And in screen 3: I screened only those companies that received broker rating downgrades.
Results
The tests pretty much confirmed what I had already suspected - but the magnitude was a lot larger than I thought.
The broker rating upgrades over the last 10 years showed an average annual return of 10.4%.
The ones with no rating change at all showed an average annual return of 6.1%.
And the stocks with broker rating downgrades actually showed a loss of -0.3%.
So the upgrades beat the ones with no rating change by nearly twice as much. And they outperformed those with downgrades even more. In fact, that was the difference between making money and losing money.
Below are 5 stocks that have all been upgraded within the last 4 weeks:
( BOFI ) BofI Holding
( DHI ) DR Horton
( CALM ) Cal-Maine Foods
( AAN ) Aaron's
( COR ) CoreSite Realty
Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Start using this idea in your own screens and start putting your own ideas to the test. It's easy to do and you'll be on your way to picking better stocks immediately.
Learn more about the Research Wizard today >>
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: http://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here http://at.zacks.com/?id=112
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BOFI HLDG INC (BOFI): Free Stock Analysis Report
D R HORTON INC (DHI): Free Stock Analysis Report
CAL-MAINE FOODS (CALM): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CORESITE REALTY (COR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below are 5 stocks that have all been upgraded within the last 4 weeks: ( BOFI ) BofI Holding ( DHI ) DR Horton ( CALM ) Cal-Maine Foods ( AAN ) Aaron's ( COR ) CoreSite Realty Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Chicago, IL - September 16, 2015 - Stocks in this week's article include: BofI Holding ( BOFI ), DR Horton ( DHI ), Cal-Maine Foods ( CALM ) , Aaron's ( AAN ) and CoreSite Realty ( COR ) . Click to get this free report BOFI HLDG INC (BOFI): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report CAL-MAINE FOODS (CALM): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Chicago, IL - September 16, 2015 - Stocks in this week's article include: BofI Holding ( BOFI ), DR Horton ( DHI ), Cal-Maine Foods ( CALM ) , Aaron's ( AAN ) and CoreSite Realty ( COR ) . Below are 5 stocks that have all been upgraded within the last 4 weeks: ( BOFI ) BofI Holding ( DHI ) DR Horton ( CALM ) Cal-Maine Foods ( AAN ) Aaron's ( COR ) CoreSite Realty Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Click to get this free report BOFI HLDG INC (BOFI): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report CAL-MAINE FOODS (CALM): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Below are 5 stocks that have all been upgraded within the last 4 weeks: ( BOFI ) BofI Holding ( DHI ) DR Horton ( CALM ) Cal-Maine Foods ( AAN ) Aaron's ( COR ) CoreSite Realty Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Click to get this free report BOFI HLDG INC (BOFI): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report CAL-MAINE FOODS (CALM): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report To read this article on Zacks.com click here. Chicago, IL - September 16, 2015 - Stocks in this week's article include: BofI Holding ( BOFI ), DR Horton ( DHI ), Cal-Maine Foods ( CALM ) , Aaron's ( AAN ) and CoreSite Realty ( COR ) .
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Chicago, IL - September 16, 2015 - Stocks in this week's article include: BofI Holding ( BOFI ), DR Horton ( DHI ), Cal-Maine Foods ( CALM ) , Aaron's ( AAN ) and CoreSite Realty ( COR ) . Below are 5 stocks that have all been upgraded within the last 4 weeks: ( BOFI ) BofI Holding ( DHI ) DR Horton ( CALM ) Cal-Maine Foods ( AAN ) Aaron's ( COR ) CoreSite Realty Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Click to get this free report BOFI HLDG INC (BOFI): Free Stock Analysis Report D R HORTON INC (DHI): Free Stock Analysis Report CAL-MAINE FOODS (CALM): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report To read this article on Zacks.com click here.
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9290.0
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2015-09-15 00:00:00 UTC
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Stocks with Upgraded Broker Ratings
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AAN
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https://www.nasdaq.com/articles/stocks-upgraded-broker-ratings-2015-09-15
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nan
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nan
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I'm sure we've all had the pleasure of waking one morning and seeing that a broker has upgraded one of our stocks. Usually that stock is in for a good day and possibly much more.
Unfortunately, we've probably all had the experience of waking up and seeing one of our stocks downgraded as well. Usually that stock is in for a rough day, and probably more days to follow.
And while nobody can perfectly predict an upgrade or guard against a downgrade, it's important to know how the market reacts to these things, so you can stay in your upgraded winners (or buy if you're on the fence) and consider getting out if a downgrade comes your way.
One thing I've been doing lately is screening for stocks that have recently seen a broker rating upgrade. Tests have proven that stocks with broker rating upgrades outperform those that don't get upgraded. And they really outperform those stocks that get downgraded.
By how much?
When I was writing my book Finding #1 Stocks, I ran a test on this very thing. I created three screens and ran some tests over the last 10 years. And I applied all the below criteria to stocks trading greater than or equal to $5 with an average daily trading volume of greater than or equal to 100,000.
In screen 1: I backtested only those companies with broker rating upgrades.
In screen 2: I tested companies with no rating change at all. Whatever the rating was, good or bad, there was no change.
And in screen 3: I screened only those companies that received broker rating downgrades.
Results
The tests pretty much confirmed what I had already suspected - but the magnitude was a lot larger than I thought.
The broker rating upgrades over the last 10 years showed an average annual return of 10.4%.
The ones with no rating change at all showed an average annual return of 6.1%.
And the stocks with broker rating downgrades actually showed a loss of -0.3%.
So the upgrades beat the ones with no rating change by nearly twice as much. And they outperformed those with downgrades even more. In fact, that was the difference between making money and losing money.
Below are 5 stocks that have all been upgraded within the last 4 weeks:
BOFI BofI Holding
DHI DR Horton
CALM Cal-Maine Foods
AAN Aaron's
COR CoreSite Realty
Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Start using this idea in your own screens and start putting your own ideas to the test. It's easy to do and you'll be on your way to picking better stocks immediately.
Learn more about the Research Wizard today >>
Want more articles from this author? Scroll up to the top of this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: http://www.zacks.com/performance .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
D R HORTON INC (DHI): Free Stock Analysis Report
CORESITE REALTY (COR): Free Stock Analysis Report
CAL-MAINE FOODS (CALM): Free Stock Analysis Report
BOFI HLDG INC (BOFI): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below are 5 stocks that have all been upgraded within the last 4 weeks: BOFI BofI Holding DHI DR Horton CALM Cal-Maine Foods AAN Aaron's COR CoreSite Realty Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Click to get this free report D R HORTON INC (DHI): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report CAL-MAINE FOODS (CALM): Free Stock Analysis Report BOFI HLDG INC (BOFI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Results The tests pretty much confirmed what I had already suspected - but the magnitude was a lot larger than I thought.
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Below are 5 stocks that have all been upgraded within the last 4 weeks: BOFI BofI Holding DHI DR Horton CALM Cal-Maine Foods AAN Aaron's COR CoreSite Realty Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Click to get this free report D R HORTON INC (DHI): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report CAL-MAINE FOODS (CALM): Free Stock Analysis Report BOFI HLDG INC (BOFI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Below are 5 stocks that have all been upgraded within the last 4 weeks: BOFI BofI Holding DHI DR Horton CALM Cal-Maine Foods AAN Aaron's COR CoreSite Realty Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Click to get this free report D R HORTON INC (DHI): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report CAL-MAINE FOODS (CALM): Free Stock Analysis Report BOFI HLDG INC (BOFI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Tests have proven that stocks with broker rating upgrades outperform those that don't get upgraded.
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Below are 5 stocks that have all been upgraded within the last 4 weeks: BOFI BofI Holding DHI DR Horton CALM Cal-Maine Foods AAN Aaron's COR CoreSite Realty Get the rest of the stocks on this list and sign up for your free trial of the Research Wizard. Click to get this free report D R HORTON INC (DHI): Free Stock Analysis Report CORESITE REALTY (COR): Free Stock Analysis Report CAL-MAINE FOODS (CALM): Free Stock Analysis Report BOFI HLDG INC (BOFI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. In screen 2: I tested companies with no rating change at all.
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9291.0
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2015-09-10 00:00:00 UTC
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Conns Slumps on Y/Y Drop in Q2 Earnings; Provides Update
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AAN
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https://www.nasdaq.com/articles/conns-slumps-on-y-y-drop-in-q2-earnings-provides-update-2015-09-10
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nan
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nan
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Conns Inc.CONN , a Texas-based durable consumer goods retailer, posted its second-quarter fiscal 2016 results, wherein adjusted earnings of 47 cents a share came in line with the Zacks Consensus Estimate. However, earnings slumped 7.8% year over year. Shares of the company fell 4.8% on the news.
Including one-time items, earnings came in at 45 cents per share, down 6.3% year over year.
Consolidated revenue of this Zacks Rank #3 (Hold) company advanced 12.2% year over year to $396.1 million but fell slightly short of the Zacks Consensus Estimate of $396.3 million. The year-over-year growth in revenue was primarily driven by store openings and positive comparable-store sales (comps) growth, partly offset by store closures and increase in credit revenue of the customer receivable portfolio.
The company has two operating segments, namely Retail and Credit. Performances of these two segments in the second quarter are discussed below.
Segment Discussion
Conns offers consumer durable products in the United States under the Retail segment, which includes home appliances, furniture and mattresses, home office as well as consumer electronics. During the second quarter, the company recorded improved revenues across all these sections excluding home office, which was greatly impacted by a fall in unit volumes.
The segment's total revenue increased 12.7% to $324.9 million, backed by the addition of nine stores (reflecting the opening of 15 new stores and shuttering of 6) and a 3.1% rise in comps. Earlier, the company had decided to discontinue the sale of video game products, digital cameras and certain tablets from fiscal 2016. Therefore, excluding the impact of discontinuance of sale of these above mentioned products comps came in at 6.7%.
Revenues from the company's Credit segment jumped 9.5% to $70.4 million in the quarter, benefitting from higher average receivable portfolio balance outstanding. The customer portfolio balance soared 23.1% year over year to $1.5 billion at quarter-end.
Portfolio interest and fee income yield on an annualized basis, contracted 210 bps to 16.1% due to increased provision for uncollectible interest and discontinuation of charging customers with certain payment fees coupled with the introduction of new payment programs for select higher credit quality borrowers.
During the quarter, the company's provision for bad debts increased by $11.7 million to $51.3 million. The rise was led by a 24.5% increase in average receivable portfolio balance, a 26.1% increase in balances originated in the quarter, a rise in delinquencies and an increase in the amount of new customers of the total customer portfolio balance.
The increase in provision of bad debts led the operating loss at the Credit segment to expand to $9 million.
The company's delinquency rate (percentage of customer portfolio balance over 60 days), rose 50 bps year over year to 9.2% as of Jul 31, 2015.
Liquidity Position
Concurrent with the second-quarter fiscal 2016 results, the company also announced that it has entered into a deal to securitize $1.4 billion of retail installment contract receivables. The agreement is expected to close on or about Sep 10, 2015.
Owing to the abovementioned securitization agreement, Conns is entitled to receive upfront proceeds of roughly $1.08 billion, which is expected to be used to pay off the entire balance on the company's revolving credit facility.
Apart from the securitization deal, the company also announced a stock buyback program of up to $75 million. Under the program, the company will buy back common stock or its 7.25% Senior Notes due 2022.
Further, board of directors of the company sanctioned the termination of its stockholders' rights plan (adopted in Oct 2014), often referred to as "Poison Pill". The sanction will be effective once the abovementioned securitization agreement is closed.
Borrowings outstanding under Conns asset-based loan facility as of Jul 31, 2015, were $563.9 million. The company has an immediately available borrowing capacity of $315 million.
The company's cash and cash equivalents stood at nearly $6.9 million as of Jul 31, 2015, while total shareholders' equity stood at approximately $688.6 million.
Store Update
Conns opened four HomePlus stores during the quarter. The company expects to open 15-18 stores, and shutter none in the remaining of fiscal 2016.
Further, the company now expects to open 22-25 stores in fiscal 2017.
August Comps Results
Conns also posted its sales data for the month ended Aug 31, 2015.
Total retail sales for August advanced 5.3% year over year to $112.7 million. However, comps for the same period decreased 0.2%, compared with a 3.3% rise in the year-ago period.
Conns' comps were impacted by its decision to discontinue its video game products, digital cameras, and certain tablets. Excluding the effect from the discontinuation of these products, the company's August comps jumped 3.7%.
Also, the company reported its 60-plus day delinquency rate as of Aug 31, 2015 that expanded 50 bps, both year over year and sequentially, to 9.7% during August.
Segment-wise, the Furniture and mattress and Home appliance posted comps growth of 9.5% and 2%, respectively, in August. On the other hand, comps at the Consumer electronics, Home office and Other segments, declined 7.2%, 12.7% and 28.6%, respectively.
Within the Consumer electronics category, television sales rose 2.9%, backed by higher average selling price, partly offset by lower same unit sales. The Furniture and mattress segment witnessed a rise in same store unit sales, partly offset by lower average selling price.
The Home appliance segment witnessed a rise in both same store unit sales and average selling price. In comparison, higher same store unit sales could only partially eliminate the impact of lower selling prices at the Home office segment (excluding the impact from tablets).
Management Change
Coming to Conns' next announcement, the company appointed Norman Miller as its new Chief Executive Officer (CEO) and President. Moreover, the company disclosed that Mr. Miller will be placed among board of directors of the company. His appointment has already become effective from Sep 7, 2015.
Guidance
Following these announcements and the current scenario, the company reiterated its fiscal 2016 guidance. The company continues to envision comps in the range of flat to up low-single digits. However, retail gross margin for the fiscal is now expected in the band of 40.5-41.5%, up from the previously expected band of 40-41%.
For the third quarter of fiscal 2016, Conns anticipates percentage of bad debt charge-offs (net of recoveries) to average outstanding balance in the range of 11.25-11.75%. Interest income and fee yield are expected to be in the range of 16.0-16.5% in the third quarter.
Stocks to Consider
A couple of better-ranked stocks in the same industry that warrant a look include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy) and Best Buy Co., Inc. BBY , with a Zacks Rank #2 (Buy). Another stock that is worth considering in the broader retail space is Target Corp. TGT , also carrying a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider A couple of better-ranked stocks in the same industry that warrant a look include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy) and Best Buy Co., Inc. BBY , with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Conns Inc.CONN , a Texas-based durable consumer goods retailer, posted its second-quarter fiscal 2016 results, wherein adjusted earnings of 47 cents a share came in line with the Zacks Consensus Estimate.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A couple of better-ranked stocks in the same industry that warrant a look include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy) and Best Buy Co., Inc. BBY , with a Zacks Rank #2 (Buy). Segment Discussion Conns offers consumer durable products in the United States under the Retail segment, which includes home appliances, furniture and mattresses, home office as well as consumer electronics.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider A couple of better-ranked stocks in the same industry that warrant a look include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy) and Best Buy Co., Inc. BBY , with a Zacks Rank #2 (Buy). Consolidated revenue of this Zacks Rank #3 (Hold) company advanced 12.2% year over year to $396.1 million but fell slightly short of the Zacks Consensus Estimate of $396.3 million.
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Stocks to Consider A couple of better-ranked stocks in the same industry that warrant a look include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy) and Best Buy Co., Inc. BBY , with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated revenue of this Zacks Rank #3 (Hold) company advanced 12.2% year over year to $396.1 million but fell slightly short of the Zacks Consensus Estimate of $396.3 million.
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9292.0
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2015-09-04 00:00:00 UTC
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Lands' End (LE) Looks Good: Stock Adds 5.1% in Session
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AAN
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https://www.nasdaq.com/articles/lands-end-le-looks-good%3A-stock-adds-5.1-in-session-2015-09-04
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nan
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nan
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Lands' End, Inc.(LE) was a big mover last session, as the company saw its shares rise above 5% on the day. The upside came on the company's announcement of second-quarter results for fiscal 2015. This continues the recent uptrend for the as the stock is now up almost 32% in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Lands' End carries a Zacks Rank #3 (Hold).
A better-ranked from the broader retail sector is Aaron's, Inc. (AAN) , which sports a Zacks Rank #1 (Strong Buy).
Is LE going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
LANDS END INC (LE): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked from the broader retail sector is Aaron's, Inc. (AAN) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report LANDS END INC (LE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Lands' End, Inc.(LE) was a big mover last session, as the company saw its shares rise above 5% on the day.
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Click to get this free report LANDS END INC (LE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked from the broader retail sector is Aaron's, Inc. (AAN) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report LANDS END INC (LE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked from the broader retail sector is Aaron's, Inc. (AAN) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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A better-ranked from the broader retail sector is Aaron's, Inc. (AAN) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report LANDS END INC (LE): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Lands' End, Inc.(LE) was a big mover last session, as the company saw its shares rise above 5% on the day.
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9293.0
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2015-08-31 00:00:00 UTC
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Conns' 3rd South Carolina Store Takes it Closer to FY15 Goal
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AAN
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https://www.nasdaq.com/articles/conns-3rd-south-carolina-store-takes-it-closer-to-fy15-goal-2015-08-31
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nan
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nan
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Moving toward the achievement of its store growth target for the fiscal 2015, Conns Inc.CONN inaugurated its first HomePlus store in Spartanburg, SC, on Saturday, Aug 29.
Spanning 38,700 square feet, the new store located at 100 Peachwood Center Drive, Spartanburg, marks Conns' third store in the state. Conns' other two South Carolina stores are located in Florence and Greenville.
Celebrations to mark the opening included lucrative offers, like various gift card giveaways, storewide promotions and a chance to win free shopping worth $10,000. In fact, the shopping spree option will be available at South Carolina's other stores as well, up to Oct 30, 2015. Also, the new store has generated over 25 employment opportunities for the Spartanburg region.
Conns' HomePlus stores offer superior quality products at reasonable prices. These stores specialize in furniture and mattresses, home appliances, consumer electronics and home office products. The company's third HomePlus store in the state highlights strong demand and positive response received from South Carolina's residents.
The robust demand is also largely attributable to Conns' attractive in-house credit program, YES MONEY. This plan lends customers the option of buying superior products by paying low monthly installments. This strategy of providing customers with an opportunity to purchase the otherwise unaffordable items gives Conns an edge over its competitors, thereby increasing its popularity and enhancing customer relations.
We believe that Conns' continuous efforts to increase store count, along with its flexible credit options for customers, will boost its performance going forward. Also, the new outlet complements the company's plan of opening about 20 stores nationwide in fiscal 2015. At present, Conns operates over 90 stores across 12 states.
Zacks Rank
Conns currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy); Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the same industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy); Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Celebrations to mark the opening included lucrative offers, like various gift card giveaways, storewide promotions and a chance to win free shopping worth $10,000.
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Better-ranked stocks in the same industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy); Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy); Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy). Moving toward the achievement of its store growth target for the fiscal 2015, Conns Inc.CONN inaugurated its first HomePlus store in Spartanburg, SC, on Saturday, Aug 29.
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Better-ranked stocks in the same industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy); Best Buy Co., Inc. BBY and hhgregg, Inc. HGG , each with a Zacks Rank #2 (Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Spanning 38,700 square feet, the new store located at 100 Peachwood Center Drive, Spartanburg, marks Conns' third store in the state.
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9294.0
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2015-08-31 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Aaron's, Lithia Motors, Boot Barn Holdings and American Eagle Outfitters
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AAN
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-aarons-lithia-motors-boot-barn-holdings-and-american
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nan
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nan
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For Immediate Release
Chicago, IL - August 31, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ), Boot Barn Holdings, Inc. ( BOOT ) and American Eagle Outfitters, Inc. ( AEO ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Friday's Analyst Blog:
U.S. Fights Chinese Dragon, Unveils Solid GDP
Shrugging off the global worries sparked by the derailed Chinese economy, the U.S. economy unveiled a solid GDP number which underscores the inherent strength to withstand any overseas turmoil. The momentum witnessed now offers enough reason to the Federal Reserve to go for a rate hike this year, which otherwise seemed a distant matter considering the recent collapse in the global stock market, a strong dollar and waning commodity prices.
The slowing Chinese economy no longer seems to pose a threat to the U.S., as the latter brazenly fought the dragon that burnt the stock market by devaluing the tightly controlled currency, the yuan. The U.S. economy expanded at a 3.7% seasonally adjusted annual rate in the second quarter of 2015, according to the "advance estimate" released by the Bureau of Economic Analysis. This fared way better than the first projection of a 2.3% increase and 0.6% growth recorded in the first quarter.
The stock market also reacted positively to the GDP data released, as indices settled in the green. The Dow Jones Industrial Average (DJI) gained 2.3% or 369.26 points to close at 16,654.77, yesterday, while the Standard & Poor's 500 (S&P 500) rose 2.4% or 47.15 points to 1,987.66. The tech-laden Nasdaq Composite Index closed at 4,812.71, climbing 2.5% or 115.17 points.
A gradual recovery in the housing market as well as the manufacturing sector along with an improving labor market and falling gasoline prices are favoring the economy, and playing key roles in raising buyers' confidence.
According to recent Conference Board data, the Consumer Confidence Index increased to 101.5 in August from July's reading of 91.0. Moreover, the Commerce Department unveiled that new home sales grew 5.4% in July to a seasonally adjusted annual rate of 507,000 units. The unemployment rate is currently hovering around 5.3% and the number of people claiming unemployment benefits declined by 6,000 for the week ended Aug 22, 2015, to a seasonally adjusted 271,000.
These indicate that the economy is gaining traction. We expect this positive sentiment to propel consumer spending which accounts for over two-thirds of U.S. economic activity. Consumer spending increased 3.1% in the second quarter from the initial estimate of 2.9%, and also portrayed considerable improvement from the first quarter's spending rate of 1.8%. July retail sales growth of 0.6% also validates the pickup in consumer activity.
The rebounding U.S. market and pouring in of favorable economic numbers are enough to raise investors' sentiment that was marred by the recent rout in theglobal marketas the ailing Chinese economy unnerved even the most stoic ones, and the spillover effect was clearly visible beyond the Great Wall.
To help you ride on the confidence exuded by the economy, we have highlighted 4 Retail-Wholesale stocks powered by a solid Zacks Rank.
4 Prominent Picks
We suggest investing in Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy). The stock has surged 22.2% year to date and has a long-term earnings growth rate of 12%. The Atlanta, GA-based company delivered an average positive earnings surprise of 19.7% over the trailing four quarters. This specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories is expected to witness earnings growth of 37.2% in 2015 and 14.2% in 2016. The Zacks Consensus Estimate too has moved up over the past 60 days.
Lithia Motors Inc. ( LAD ), which operates as an automotive franchisee and retailer of new and used vehicles, is another solid bet. The stock holds a Zacks Rank #1 and has soared 23% year to date. The Medford, OR-based company delivered an average positive earnings surprise of 11.5% over the trailing four quarters, and has a long-term earnings growth rate of 22.9%. The company is expected to witness earnings growth of 30.7% in 2015 and 11.4% in 2016. The Zacks Consensus Estimate too has moved up over the past 60 days.
Investor can also count upon Boot Barn Holdings, Inc. ( BOOT ). This Zacks Rank #1 stock has advanced 16.8% year to date and has a long-term earnings growth rate of 21%. This Irvine, CA-based lifestyle retail company delivered an average positive earnings surprise of 18.4% over the trailing four quarters. It is expected to witness earnings growth of 17.9% in fiscal 2016 and 26.1% in fiscal 2017.
Last but not least is American Eagle Outfitters, Inc. ( AEO ), carrying a Zacks Rank #2 (Buy). This retailer of apparel and accessories has advanced approximately 23.5% so far this year. An average positive earnings surprise of 15.9% over the trailing four quarters and a long-term earnings growth rate of 10% make this Pittsburgh, PA player quite an attractive investment option. The company is expected to witness earnings growth of 61.9% in fiscal 2015 and 9.1% in fiscal 2016. The Zacks Consensus Estimate too has trended upward over the past 30 days.
Bottom Line
Although the U.S. market is showing signs of stabilizing, you should be rational when it comes to investment, given the global economic climate. You can confidently end your search at stocks with a better Zacks Rank status of either #1 or #2, which encompasses its strong fundamentals, promises price movement and highlights analysts' constructive view on the same via positive estimate revisions. A sturdy portfolio always gives favorable returns.
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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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AARONS INC (AAN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
BOOT BARN HLDGS (BOOT): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ), Boot Barn Holdings, Inc. ( BOOT ) and American Eagle Outfitters, Inc. ( AEO ). 4 Prominent Picks We suggest investing in Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ), Boot Barn Holdings, Inc. ( BOOT ) and American Eagle Outfitters, Inc. ( AEO ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. 4 Prominent Picks We suggest investing in Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy).
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ), Boot Barn Holdings, Inc. ( BOOT ) and American Eagle Outfitters, Inc. ( AEO ). 4 Prominent Picks We suggest investing in Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy).
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Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ), Boot Barn Holdings, Inc. ( BOOT ) and American Eagle Outfitters, Inc. ( AEO ). 4 Prominent Picks We suggest investing in Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here.
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9295.0
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2015-08-31 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for September 01, 2015
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-september-01-2015-2015-08-31
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on September 01, 2015. A cash dividend payment of $0.023 per share is scheduled to be paid on October 01, 2015. Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAN has paid the same dividend. At the current stock price of $37.88, the dividend yield is .24%.
The previous trading day's last sale of AAN was $37.88, representing a -4.56% decrease from the 52 week high of $39.69 and a 62.92% increase over the 52 week low of $23.25.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). AAN's current earnings per share, an indicator of a company's profitability, is $1.67. Zacks Investment Research reports AAN's forecasted earnings growth in 2015 as 37.19%, compared to an industry average of 25%.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). Zacks Investment Research reports AAN's forecasted earnings growth in 2015 as 37.19%, compared to an industry average of 25%.
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AAN's current earnings per share, an indicator of a company's profitability, is $1.67. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on September 01, 2015.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAN has paid the same dividend. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on September 01, 2015. This marks the 4th quarter that AAN has paid the same dividend.
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9296.0
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2015-08-28 00:00:00 UTC
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U.S. Fights Chinese Dragon, Unveils Solid GDP
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AAN
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https://www.nasdaq.com/articles/u.s.-fights-chinese-dragon-unveils-solid-gdp-2015-08-28
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nan
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nan
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Shrugging off the global worries sparked by the derailed Chinese economy, the U.S. economy unveiled a solid GDP number which underscores the inherent strength to withstand any overseas turmoil. The momentum witnessed now offers enough reason to the Federal Reserve to go for a rate hike this year, which otherwise seemed a distant matter considering the recent collapse in the global stock market, a strong dollar and waning commodity prices.
The slowing Chinese economy no longer seems to pose a threat to the U.S., as the latter brazenly fought the dragon that burnt the stock market by devaluing the tightly controlled currency, the yuan. The U.S. economy expanded at a 3.7% seasonally adjusted annual rate in the second quarter of 2015, according to the "advance estimate" released by the Bureau of Economic Analysis. This fared way better than the first projection of a 2.3% increase and 0.6% growth recorded in the first quarter.
The stock market also reacted positively to the GDP data released, as indices settled in the green. The Dow Jones Industrial Average (DJI) gained 2.3% or 369.26 points to close at 16,654.77, yesterday, while the Standard & Poor's 500 (S&P 500) rose 2.4% or 47.15 points to 1,987.66. The tech-laden Nasdaq Composite Index closed at 4,812.71, climbing 2.5% or 115.17 points.
A gradual recovery in the housing market as well as the manufacturing sector along with an improving labor market and falling gasoline prices are favoring the economy, and playing key roles in raising buyers' confidence.
According to recent Conference Board data, the Consumer Confidence Index increased to 101.5 in August from July's reading of 91.0. Moreover, the Commerce Department unveiled that new home sales grew 5.4% in July to a seasonally adjusted annual rate of 507,000 units. The unemployment rate is currently hovering around 5.3% and the number of people claiming unemployment benefits declined by 6,000 for the week ended Aug 22, 2015, to a seasonally adjusted 271,000.
These indicate that the economy is gaining traction. We expect this positive sentiment to propel consumer spending which accounts for over two-thirds of U.S. economic activity. Consumer spending increased 3.1% in the second quarter from the initial estimate of 2.9%, and also portrayed considerable improvement from the first quarter's spending rate of 1.8%. July retail sales growth of 0.6% also validates the pickup in consumer activity.
The rebounding U.S. market and pouring in of favorable economic numbers are enough to raise investors' sentiment that was marred by the recent rout in theglobal marketas the ailing Chinese economy unnerved even the most stoic ones, and the spillover effect was clearly visible beyond the Great Wall.
To help you ride on the confidence exuded by the economy, we have highlighted 4 Retail-Wholesale stocks powered by a solid Zacks Rank.
4 Prominent Picks
We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). The stock has surged 22.2% year to date and has a long-term earnings growth rate of 12%. The Atlanta, GA-based company delivered an average positive earnings surprise of 19.7% over the trailing four quarters. This specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories is expected to witness earnings growth of 37.2% in 2015 and 14.2% in 2016. The Zacks Consensus Estimate too has moved up over the past 60 days.
Lithia Motors Inc.LAD , which operates as an automotive franchisee and retailer of new and used vehicles, is another solid bet. The stock holds a Zacks Rank #1 and has soared 23% year to date. The Medford, OR-based company delivered an average positive earnings surprise of 11.5% over the trailing four quarters, and has a long-term earnings growth rate of 22.9%. The company is expected to witness earnings growth of 30.7% in 2015 and 11.4% in 2016. The Zacks Consensus Estimate too has moved up over the past 60 days.
Investor can also count upon Boot Barn Holdings, Inc.BOOT . This Zacks Rank #1 stock has advanced 16.8% year to date and has a long-term earnings growth rate of 21%. This Irvine, CA-based lifestyle retail company delivered an average positive earnings surprise of 18.4% over the trailing four quarters. It is expected to witness earnings growth of 17.9% in fiscal 2016 and 26.1% in fiscal 2017.
Last but not least is American Eagle Outfitters, Inc.AEO , carrying a Zacks Rank #2 (Buy). This retailer of apparel and accessories has advanced approximately 23.5% so far this year. An average positive earnings surprise of 15.9% over the trailing four quarters and a long-term earnings growth rate of 10% make this Pittsburgh, PA player quite an attractive investment option. The company is expected to witness earnings growth of 61.9% in fiscal 2015 and 9.1% in fiscal 2016. The Zacks Consensus Estimate too has trended upward over the past 30 days.
Bottom Line
Although the U.S. market is showing signs of stabilizing, you should be rational when it comes to investment, given the global economic climate. You can confidently end your search at stocks with a better Zacks Rank status of either #1 or #2, which encompasses its strong fundamentals, promises price movement and highlights analysts' constructive view on the same via positive estimate revisions. A sturdy portfolio always gives favorable returns.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
BOOT BARN HLDGS (BOOT): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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4 Prominent Picks We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. The momentum witnessed now offers enough reason to the Federal Reserve to go for a rate hike this year, which otherwise seemed a distant matter considering the recent collapse in the global stock market, a strong dollar and waning commodity prices.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. 4 Prominent Picks We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). The Medford, OR-based company delivered an average positive earnings surprise of 11.5% over the trailing four quarters, and has a long-term earnings growth rate of 22.9%.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. 4 Prominent Picks We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). The Medford, OR-based company delivered an average positive earnings surprise of 11.5% over the trailing four quarters, and has a long-term earnings growth rate of 22.9%.
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4 Prominent Picks We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. The U.S. economy expanded at a 3.7% seasonally adjusted annual rate in the second quarter of 2015, according to the "advance estimate" released by the Bureau of Economic Analysis.
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9297.0
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2015-08-28 00:00:00 UTC
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GameStop (GME) Q2 Earnings & Revenues Beat Estimates
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AAN
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https://www.nasdaq.com/articles/gamestop-gme-q2-earnings-revenues-beat-estimates-2015-08-28
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Video Game retailer, GameStop CorpGME posted better-than-expected second-quarter fiscal 2015 results. Both adjusted earnings per share of 31 cents and revenues of $1,761.9 million topped the Zacks Consensus Estimate of 24 cents and $ $1,727 million, respectively. Robust performances of Technology Brands segment and collectibles category were the driving factors.
On a year-over-year basis, adjusted earnings and revenues grew 41% and 1.8%, respectively.
Including one-time items, earnings per share came in at 24 cents, up couple of cents from the year ago period. However, there wasn't much activity witnessed on the trading front as the stock closed a mere 0.1% down in aftermarket session.
Consolidated comparable-store sales (comps) grew 8.1% with domestic comps up 10.8% while international comps increased 1.8%.
By sales mix, new video game hardware sales were down 2.2% to $324.9 million. Moreover, new video game software sales fell 6% to $467.2 million, marred by tougher year-over-year comparison with Watch Dogs and Mario Kart 8.
Strength was seen in Mobile and Consumer Electronics' category as sales were up 26.9% to $142.2 million while Video Game Accessories' sales, too, grew 17% to $125.8 million.
Pre-owned and Value Video Game Products category's sales of $560.8 million were up a mere 0.5%. Increase in downloadable content for Witcher 3 and Batman: Arkham Knight led to 11.1% growth in adjusted digital receipts to $199.1 million. However, forex headwinds primarily led to a 20.5% dip in digital sales to $46 million.
The Technology Brands segment, reported revenue growth of 62.3%. This segment is expected to sustain its growth momentum, backed by its collaboration with AT&T, Inc. T and the Apple Inc. AAPL .
During the quarter, gross profit increased 5.4% to $580.5 million while gross margin expanded 110 basis points to 32.9% owing to rapid growth across digital, mobile and collectibles categories. Operating income increased 40.9% to $123.9 million and operating margin expanded 80 basis points to 2.9%.
Other Financial Aspects
GameStop ended the quarter with cash and cash equivalents of $136.2 million, net receivables of $118.3 million and shareholders' equity of $1,967.3 million.
During the quarter, GameStop bought back $60.7 million worth of shares and remains on track to buy back $200 million worth of stock in fiscal 2015. As of Aug 27, 2015, the company has $340.2 million worth of stock under repurchase authorisation.
Guidance
Given several AAA titles releases in the second half and consistent strong momentum in the Technology brands segment and collectibles category, management remains upbeat about the company's performance in the second half. Moreover, driven by share repurchases, management has upgraded the fiscal 2015 earnings guidance. Earnings per share are now expected to be in the range of $3.66 to $3.86, up from $3.63 to $3.83 projected earlier. The Zacks Consensus Estimate is pegged at $3.89 per share. GameStop expects sales growth in the fiscal to be in the range of flat to up 5%, and comps are estimated to increase in the range of 2% to 7%.
For the third quarter, the company expects earnings per share in the range of 53-60 cents while comps growth is anticipated to be around 1-4%. Revenues will range from flat to positive 4%. The company expects software sales to fall in the quarter due to tougher year-over-year comparisons. The Pre-owned category also might see a downtrend as mix shifts to next-gen from prior gen consoles.
GameStop still intends to open 450-550 new Technology Brand stores during the fiscal but has increased full year profits growth rate to 40-50% from 30-40% expected earlier. .
At present, GameStop carries a Zacks Rank #3 (Hold). A better-ranked stock in the same sector is Aaron's, Inc. AAN which sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AT&T INC (T): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the same sector is Aaron's, Inc. AAN which sports a Zacks Rank #1 (Strong Buy). Click to get this free report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, new video game software sales fell 6% to $467.2 million, marred by tougher year-over-year comparison with Watch Dogs and Mario Kart 8.
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Click to get this free report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same sector is Aaron's, Inc. AAN which sports a Zacks Rank #1 (Strong Buy). During the quarter, gross profit increased 5.4% to $580.5 million while gross margin expanded 110 basis points to 32.9% owing to rapid growth across digital, mobile and collectibles categories.
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Click to get this free report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same sector is Aaron's, Inc. AAN which sports a Zacks Rank #1 (Strong Buy). Both adjusted earnings per share of 31 cents and revenues of $1,761.9 million topped the Zacks Consensus Estimate of 24 cents and $ $1,727 million, respectively.
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A better-ranked stock in the same sector is Aaron's, Inc. AAN which sports a Zacks Rank #1 (Strong Buy). Click to get this free report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. On a year-over-year basis, adjusted earnings and revenues grew 41% and 1.8%, respectively.
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9298.0
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2015-08-28 00:00:00 UTC
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Forget Tiffany (TIF), Buy these Retail Stocks Instead
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AAN
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https://www.nasdaq.com/articles/forget-tiffany-tif-buy-these-retail-stocks-instead-2015-08-28
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Yesterday, Tiffany ( TIF ) delivered a disappointing Q2 earnings report. The Zacks consensus estimated adjusted earnings of $0.90 per share for the quarter, but the company actually reported earnings of $0.86. Tiffany also reported revenues of $991 million, missing on our revenues consensus of $1.006 billion.
If this was the only thing holding back Tiffany, its outlook may not be so bad. However, the jewelry retailer lowered its full year earnings expectations. Analysts across the board have revised their earnings estimates lower for this quarter. Most analysts have revised their estimates lower for this fiscal year as well.
Tiffany is a Zacks Rank #3 (Hold), so it is definitely not hot at the moment. Nonetheless, there are plenty of picks within the retail space which are. What Tiffany lacks most is solid earnings growth.
The company doesn't look like it's about to take off anytime soon, so let's identify some picks in the retail space which look like better alternatives right now. Each of these stocks has a buy rank, great track records for beating our EPS consensus, and solid earnings growth projections.
American Eagle Outfitters- AEO
American Eagle is a clothing brand that has been especially popular among teens for decades. This retailer is a Zacks Rank #2 (Buy). It has scored A's in each of our Style Score categories (growth, value, and momentum). It's worth noting that the company doles out a 3% dividend.
AEO is a solid pick in terms of growth and value. The company's EPS is projected to grow 61.9% this year. Sales are looking up as well, with sales projected to increase by 7%. American Eagle is outpacing the industry's sales as a whole, which are only estimated to increase by 2.8% this year. The stock has a price to sales of 0.96, which suggests that there is value present. American Eagle's PEG is 1.64.
American Eagle has seen positive movement in our EPS consensus. 30 days ago, our consensus estimated earnings of $0.28 per share. Now, our consensus estimates EPS of $0.30 for the quarter. 18 analysts have revised their estimates for this quarter. 17 of those revisions were positive. American Eagle has beaten our consensus in each of the last 3 quarters, beating our consensus by an average of 21.2% per quarter. AEO reports its earnings on 12/3/15.
Restoration Hardware Holdings Inc- RH
Restoration Hardware is a luxury home furnishings retailer which operates in the US and Canada. RH is a Zacks Rank #2 (Buy). Expect a lot less volatility with this stock, as it only has a beta of 0.58.
Restoration Hardware's EPS is projected to grow by 32.13% this year. It has a current ratio of 2.65. What's really impressive about the company is its current cash flow growth of 312%. Sales are projected to grow by 16.2% this year. This outpaces the industry's projected sales growth of 6.6% by a significant margin.
Our consensus for this fiscal year has been moving up over the last 90 days, going from $3.04 to $3.12. Restoration Hardware has beaten our earnings consensus in each of the last four quarters. Last quarter's beat was by 15%. RH reports its quarterly earnings on 9/9/15.
Aaron's Inc- AAN
Aaron's is a retailer which sells and leases out furniture, home accessories, and consumer electronics. AAN stock holds a Zacks Rank #1 (Strong Buy). The company operates over 2,100 stores across the US and Canada.
Aaron's has some really appealing growth characteristics. Its current ratio is 2.43, which outpaces the industry's current ratio of 1.55 by a wide margin. Sales are projected to grow by 18.32% this year. AAN's EPS is projected to grow by 37.2% this year.
Aaron's has some valuable qualities to match its impressive growth prospects. The company has a grade of "B" for value in the Style Scores. Aaron's has debt to equity of 0.38. It also trades at a price to book of 2.06. A price to book below 3 suggests that there is value present. AAN trades at a price to sales of 0.89.
5 analysts have revised their estimates higher for this quarter in the last 60 days. In that same time frame, only one analyst revised their estimate lower for this quarter. Our consensus estimate has seen positive movement over the last 90 days. Aaron's has beaten our EPS consensus estimate in each of the last four quarters, with an average beat of 19.69% per quarter. It reports its earnings on 10/22/15.
Bottom Line
Tiffany's is looking sluggish because of the fact that it lowered its earnings expectations for this year. The stock isn't ranked a sell, but the Zacks Rank #3 (Hold) suggests that you shouldn't jump into this stock just yet.
The most important tool which told me that this company is not on my shopping list is the Zacks Rank it holds. The Zacks Rank is a truly marvelous trading tool. Our ranking system has beaten the S&P 500, yielding an average return of 26% per year for the last 28 years! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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TIFFANY & CO (TIF): Free Stock Analysis Report
RESTORATION HDW (RH): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc- AAN Aaron's is a retailer which sells and leases out furniture, home accessories, and consumer electronics. AAN stock holds a Zacks Rank #1 (Strong Buy). AAN's EPS is projected to grow by 37.2% this year.
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Click to get this free report TIFFANY & CO (TIF): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc- AAN Aaron's is a retailer which sells and leases out furniture, home accessories, and consumer electronics. AAN stock holds a Zacks Rank #1 (Strong Buy).
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Click to get this free report TIFFANY & CO (TIF): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc- AAN Aaron's is a retailer which sells and leases out furniture, home accessories, and consumer electronics. AAN stock holds a Zacks Rank #1 (Strong Buy).
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Aaron's Inc- AAN Aaron's is a retailer which sells and leases out furniture, home accessories, and consumer electronics. AAN stock holds a Zacks Rank #1 (Strong Buy). AAN's EPS is projected to grow by 37.2% this year.
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2015-08-26 00:00:00 UTC
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Consumer Confidence Up: 4 Retail Stocks to Bet On
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AAN
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https://www.nasdaq.com/articles/consumer-confidence-up%3A-4-retail-stocks-to-bet-on-2015-08-26
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After a rout in the U.S. stock market due to the derailed Chinese economy, investors may have a reason to cheer now as Consumer Confidence - a key determinant of the economy's health - improved significantly in August. Moreover, the recent interest rate cut by China's central bank to prop up growth could be a silver lining for investors, who are perturbed by the U.S. Federal Reserve's pending decision over the first rate hike.
Though worried about the global financial health, analysts believe that the U.S. economy may withstand the jolt. According to recent Conference Board data, the Consumer Confidence Index increased to 101.5 in August from July's reading of 91.0. Moreover, the Commerce Department unveiled that new home sales grew 5.4% in July to a seasonally adjusted annual rate of 507,000 units.
A gradual recovery in the housing market as well as the manufacturing sector along with an improving labor market played major roles in raising buyers' confidence. These indicate that the economy is gaining traction. We expect this positive sentiment to propel consumer spending, which accounts for over two-thirds of U.S. economic activity.
As many as 215,000 jobs were created in July and the unemployment rate is hovering around 5.3%, according to the Bureau of Labor Statistics. The economy is gaining momentum, as is evident from the July retail sales data released by the Commerce Department. Retail sales inched up 0.6%, as consumer spending on car, home, and apparel increased. People also preferred to dine out more often.
The U.S. economy is sending out signals of growth that is further validated by the second-quarter 2015 real GDP growth rate of 2.3% - the advance estimate released by the Bureau of Economic Analysis. This fared far better than a 0.6% increase registered in the first quarter.
With an expected rebound in the economy, declining unemployment rate, cheap gasoline prices and improving consumer spending, the retail space is bubbling with optimism. Industry analysts predict that the encouraging economic data will be reflected in an interest rate hike sometime later in the year - a step toward "normalizing monetary policy" - only after due consideration of the global economic climate.
Nevertheless, we have highlighted 4 stocks that are ready to ride on the confidence exuded by the economy.
4 Prominent Picks
We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). The stock has surged 18.4% year to date and has a long-term earnings growth rate of 12%. The Atlanta-based company delivered an average positive earnings surprise of 19.7% over the trailing four quarters.
This specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories is expected to witness earnings growth of 37.2% in 2015 and 14.2% in 2016. The Zacks Consensus Estimate too has moved up over the past 60 days.
Lithia Motors Inc.LAD , which operates as an automotive franchisee and retailer of new and used vehicles, is another solid bet. The stock holds a Zacks Rank #2 (Buy) and has soared 19.6% year to date. The Medford, OR-based company delivered an average positive earnings surprise of 11.5% over the trailing four quarters, and has a long-term earnings growth rate of 22.9%. The company is expected to witness earnings growth of 29.9% in 2015 and 11.3% in 2016. The Zacks Consensus Estimate too has moved up over the past 60 days.
Another Zacks Rank #2 stock that investors may look forward to is American Eagle Outfitters, Inc.AEO . This retailer of apparel and accessories has advanced approximately 18% so far this year. An average positive earnings surprise of 15.9% over the trailing four quarters and a long-term earnings growth rate of 10% make this Pittsburgh, PA player quite an attractive investment option.
The company is expected to witness earnings growth of 60.9% in fiscal 2015 and 9.7% in fiscal 2016. The Zacks Consensus Estimate too has trended upward over the past 7 days.
Last but not least is ULTA Salon, Cosmetics & Fragrance, Inc.ULTA . This Zacks Rank #2 stock has advanced 20.8% year to date and has a long-term earnings growth rate of 19.6%. This Bolingbrook, IL-based provider of cosmetics, fragrance, haircare, skincare, bath and body products delivered an average positive earnings surprise of 10.8% over the trailing four quarters. It is expected to witness earnings growth of 17.7% in fiscal 2015 and 18.2% in fiscal 2016. The Zacks Consensus Estimate too has been on the rise over the past 90 days.
Bottom Line
Who doesn't want a portfolio of stocks that has the potential to outperform earnings estimates? You can use the Zacks Stock Screener to find other stocks with this winning combination. Investors can confidently end their search at stocks with a better Zacks Rank status of either #1 or #2, which encompasses its strong fundamentals, promises price movement and highlights analysts' constructive view on the same via positive estimate revisions. A sturdy portfolio always gives favorable returns.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
ULTA SALON COSM (ULTA): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
4 Prominent Picks We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. With an expected rebound in the economy, declining unemployment rate, cheap gasoline prices and improving consumer spending, the retail space is bubbling with optimism.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. 4 Prominent Picks We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). The Medford, OR-based company delivered an average positive earnings surprise of 11.5% over the trailing four quarters, and has a long-term earnings growth rate of 22.9%.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. 4 Prominent Picks We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). The Medford, OR-based company delivered an average positive earnings surprise of 11.5% over the trailing four quarters, and has a long-term earnings growth rate of 22.9%.
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4 Prominent Picks We suggest investing in Aaron's, Inc.AAN , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. After a rout in the U.S. stock market due to the derailed Chinese economy, investors may have a reason to cheer now as Consumer Confidence - a key determinant of the economy's health - improved significantly in August.
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