361 Capital LLC Buys New Stake in Aaron’s, Inc. (AAN)

361 Capital LLC bought a new position in Aaron’s, Inc. (NYSE:AAN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,234 shares of the company’s stock, valued at approximately $2,148,000. 361 Capital LLC owned 0.07% of Aaron’s, at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AAN. Wellington Management Group LLP purchased a new stake in shares of Aaron’s, in the first quarter worth about $688,000. Bank of America Corp DE boosted its position in shares of Aaron’s, by 55.1% in the first quarter. Bank of America Corp DE now owns 178,642 shares of the company’s stock worth $5,313,000 after buying an additional 63,483 shares during the period. Capstone Asset Management Co. boosted its position in shares of Aaron’s, by 3.8% in the second quarter. Capstone Asset Management Co. now owns 11,094 shares of the company’s stock worth $432,000 after buying an additional 410 shares during the period. Bank of Montreal Can lifted its stake in shares of Aaron’s, by 2,253.5% in the second quarter. Bank of Montreal Can now owns 99,296 shares of the company’s stock worth $3,862,000 after acquiring an additional 95,077 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its stake in shares of Aaron’s, by 17.4% in the second quarter. Eqis Capital Management Inc. now owns 8,959 shares of the company’s stock worth $349,000 after acquiring an additional 1,325 shares in the last quarter.

AAN has been the topic of several research reports. Off Wall Street initiated coverage on Aaron’s, in a research note on Monday, September 18th. They set a “sell” rating on the stock. Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th. Stifel Nicolaus restated a “buy” rating and set a $55.00 price objective on shares of Aaron’s, in a research note on Friday, September 1st. Raymond James Financial, Inc. upgraded Aaron’s, from a “market perform” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Friday, November 10th. Finally, Janney Montgomery Scott initiated coverage on Aaron’s, in a research note on Wednesday, October 18th. They set a “neutral” rating and a $42.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Aaron’s, has an average rating of “Buy” and an average target price of $43.06.

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Shares of Aaron’s, Inc. (NYSE:AAN) traded down $0.04 during trading on Friday, hitting $36.46. The stock had a trading volume of 806,347 shares, compared to its average volume of 834,744. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. The firm has a market cap of $2,580.00, a PE ratio of 14.84 and a beta of 0.23. Aaron’s, Inc. has a fifty-two week low of $26.12 and a fifty-two week high of $48.22.

Aaron’s, (NYSE:AAN) last announced its quarterly earnings results on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). The company had revenue of $838.80 million for the quarter, compared to analyst estimates of $827.20 million. Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. research analysts forecast that Aaron’s, Inc. will post 2.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.33%. This is a positive change from Aaron’s, ‘s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 12th. Aaron’s, ‘s dividend payout ratio is 5.82%.

In related news, CEO Ryan K. Woodley sold 6,776 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $44.30, for a total value of $300,176.80. Following the completion of the transaction, the chief executive officer now directly owns 145,849 shares of the company’s stock, valued at approximately $6,461,110.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven A. Michaels sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $37.15, for a total value of $148,600.00. Following the completion of the transaction, the chief financial officer now directly owns 56,769 shares of the company’s stock, valued at $2,108,968.35. The disclosure for this sale can be found here. Over the last three months, insiders purchased 2,913,000 shares of company stock valued at $118,730 and sold 60,779 shares valued at $2,511,865. Corporate insiders own 1.93% of the company’s stock.

Aaron’s, 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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Institutional Ownership by Quarter for Aaron`s,  (NYSE:AAN)

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