Shelton Capital Management Takes Position in Aaron’s, Inc. (AAN)

Shelton Capital Management purchased a new stake in Aaron’s, Inc. (NYSE:AAN) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,816 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Great West Life Assurance Co. Can raised its holdings in Aaron’s by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 38,370 shares of the company’s stock worth $1,492,000 after purchasing an additional 307 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Aaron’s in the second quarter worth $512,000. Teacher Retirement System of Texas purchased a new stake in shares of Aaron’s in the second quarter valued at $201,000. SG Americas Securities LLC grew its position in shares of Aaron’s by 99.4% in the second quarter. SG Americas Securities LLC now owns 26,907 shares of the company’s stock valued at $1,047,000 after purchasing an additional 13,413 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Aaron’s by 10.3% in the second quarter. Legal & General Group Plc now owns 80,025 shares of the company’s stock valued at $3,112,000 after purchasing an additional 7,493 shares during the period.

In other news, CFO Steven A. Michaels sold 4,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $37.15, for a total transaction of $148,600.00. Following the completion of the sale, the chief financial officer now owns 56,769 shares in the company, valued at approximately $2,108,968.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Robinson sold 15,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total value of $543,600.00. Following the sale, the chief executive officer now owns 337,340 shares of the company’s stock, valued at approximately $12,225,201.60. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,107,000 shares of company stock valued at $50,280 and sold 19,003 shares valued at $692,308. Corporate insiders own 1.93% of the company’s stock.

A number of equities research analysts have issued reports on AAN shares. Off Wall Street started coverage on Aaron’s in a research report on Monday, September 18th. They set a “sell” rating for the company. Raymond James Financial 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. Jefferies Group restated a “buy” rating and set a $54.00 price objective on shares of Aaron’s in a research note on Thursday, September 7th. Loop Capital upgraded Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, November 8th. Finally, KeyCorp upgraded Aaron’s from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.30.

Aaron’s, Inc. (NYSE:AAN) opened at $36.93 on Monday. The company has a market capitalization of $2,613.20, a P/E ratio of 15.32 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. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.

Aaron’s (NYSE:AAN) last posted its earnings results on Friday, October 27th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). The company had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. sell-side analysts predict that Aaron’s, Inc. will post 2.47 EPS for the current fiscal 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 0.32%. This is a positive change from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 12th. Aaron’s’s dividend payout ratio is 6.32%.

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About Aaron’s

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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