Seizert Capital Partners LLC increased its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 7.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 74,070 shares of the company’s stock after buying an additional 5,174 shares during the period. Seizert Capital Partners LLC’s holdings in Aaron’s, were worth $2,203,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL boosted its position in shares of Aaron’s, by 1.1% in the third quarter. Virginia Retirement Systems ET AL now owns 55,500 shares of the company’s stock valued at $1,411,000 after buying an additional 600 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in Aaron’s, by 677.0% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 131,047 shares of the company’s stock valued at $3,331,000 after buying an additional 114,182 shares in the last quarter. South Texas Money Management Ltd. bought a new stake in Aaron’s, during the third quarter valued at approximately $6,982,000. Lucus Advisors LLC bought a new stake in Aaron’s, during the third quarter valued at approximately $403,000. Finally, California State Teachers Retirement System boosted its stake in Aaron’s, by 0.9% in the third quarter. California State Teachers Retirement System now owns 139,168 shares of the company’s stock valued at $3,538,000 after buying an additional 1,300 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
Aaron’s, Inc. (NYSE AAN) opened at 39.42 on Monday. The company’s 50-day moving average is $36.90 and its 200-day moving average is $31.96. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 20.04 and a beta of 0.18. Aaron’s, Inc. has a 12 month low of $20.51 and a 12 month high of $40.33.
Aaron’s, (NYSE:AAN) last posted its quarterly earnings data on Friday, April 28th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.14. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The firm had revenue of $844.60 million during the quarter, compared to analysts’ expectations of $830.44 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Aaron’s, Inc. will post $2.40 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Tuesday, June 27th will be issued a $0.0275 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, June 23rd. Aaron’s, ‘s payout ratio is currently 5.58%.
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Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Aaron’s, from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. TheStreet raised shares of Aaron’s, from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Jefferies Group LLC lifted their price target on shares of Aaron’s, from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Finally, Loop Capital reissued a “hold” rating and issued a $28.00 price target on shares of Aaron’s, in a research report on Sunday, April 23rd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Aaron’s, presently has an average rating of “Buy” and an average target price of $38.00.
In related news, CAO Robert W. Kamerschen sold 4,000 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $30.32, for a total transaction of $121,280.00. Following the completion of the sale, the chief accounting officer now directly owns 36,999 shares in the company, valued at approximately $1,121,809.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven A. Michaels sold 10,000 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $28.81, for a total value of $288,100.00. Following the sale, the chief financial officer now owns 67,704 shares of the company’s stock, valued at $1,950,552.24. The disclosure for this sale can be found here. Insiders sold a total of 47,750 shares of company stock valued at $1,542,268 over the last quarter. Company insiders own 1.93% of the company’s stock.
Aaron’s, Company Profile
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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