BlackRock Inc. trimmed its position in Aaron’s, Inc. (NYSE:AAN) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,953,955 shares of the company’s stock after selling 129,183 shares during the period. BlackRock Inc. owned about 11.77% of Aaron’s worth $488,454,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. United Services Automobile Association increased its stake in Aaron’s by 1.8% in the 2nd quarter. United Services Automobile Association now owns 15,249 shares of the company’s stock worth $936,000 after acquiring an additional 273 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Aaron’s by 2.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,262 shares of the company’s stock valued at $999,000 after purchasing an additional 337 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Aaron’s by 2.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 14,882 shares of the company’s stock valued at $914,000 after purchasing an additional 365 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Aaron’s by 8.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,866 shares of the company’s stock valued at $360,000 after purchasing an additional 468 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Aaron’s by 19.8% during the 2nd quarter. Signaturefd LLC now owns 2,989 shares of the company’s stock valued at $184,000 after purchasing an additional 494 shares during the last quarter. 97.86% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. ValuEngine downgraded Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Loop Capital boosted their target price on Aaron’s to $90.00 and gave the company a “buy” rating in a research report on Monday, October 21st. KeyCorp set a $88.00 price objective on Aaron’s and gave the company a “buy” rating in a report on Friday, October 11th. Zacks Investment Research upgraded Aaron’s from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Monday, October 14th. Finally, Bank of America initiated coverage on Aaron’s in a report on Thursday, September 26th. They set a “buy” rating and a $75.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $76.13.
Shares of AAN stock traded up $1.09 during mid-day trading on Wednesday, hitting $57.68. The stock had a trading volume of 876,400 shares, compared to its average volume of 643,803. The firm has a market capitalization of $3.92 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.74 and a quick ratio of 0.70. Aaron’s, Inc. has a 12-month low of $39.28 and a 12-month high of $78.65. The firm’s 50-day moving average is $65.25 and its two-hundred day moving average is $62.44.
Aaron’s (NYSE:AAN) last released its quarterly earnings results on Monday, November 4th. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.09). The company had revenue of $963.80 million during the quarter, compared to the consensus estimate of $975.20 million. Aaron’s had a return on equity of 14.21% and a net margin of 5.09%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. Analysts expect that Aaron’s, Inc. will post 3.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 19th will be given a dividend of $0.04 per share. This is a positive change from Aaron’s’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 0.28%. The ex-dividend date is Wednesday, December 18th. Aaron’s’s dividend payout ratio is currently 4.17%.
Aaron’s Company Profile
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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