Strs Ohio cut its position in Aaron’s, Inc. (NYSE:AAN) by 6.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,900 shares of the company’s stock after selling 2,100 shares during the quarter. Strs Ohio’s holdings in Aaron’s were worth $1,520,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Aaron’s by 7.7% in the fourth quarter. BlackRock Inc. now owns 8,461,144 shares of the company’s stock worth $355,792,000 after buying an additional 604,170 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Aaron’s by 1.5% in the third quarter. Vanguard Group Inc now owns 6,720,319 shares of the company’s stock worth $365,989,000 after buying an additional 100,211 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Aaron’s by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,720,319 shares of the company’s stock worth $365,989,000 after buying an additional 100,211 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Aaron’s by 18.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,295,041 shares of the company’s stock worth $54,456,000 after buying an additional 204,482 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Aaron’s by 18.8% during the 4th quarter. Principal Financial Group Inc. now owns 1,202,997 shares of the company’s stock valued at $50,585,000 after purchasing an additional 190,580 shares during the last quarter.
In related news, CEO John W. Robinson sold 45,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $51.12, for a total transaction of $2,300,400.00. Following the completion of the sale, the chief executive officer now directly owns 319,329 shares of the company’s stock, valued at approximately $16,324,098.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Curtis Linn Doman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $55.66, for a total transaction of $556,600.00. Following the transaction, the insider now directly owns 123,220 shares of the company’s stock, valued at $6,858,425.20. The disclosure for this sale can be found here. Insiders sold a total of 167,720 shares of company stock worth $8,732,952 over the last quarter. 2.78% of the stock is currently owned by corporate insiders.
NYSE:AAN traded down $0.97 during mid-day trading on Wednesday, reaching $55.23. 310,299 shares of the company were exchanged, compared to its average volume of 540,910. Aaron’s, Inc. has a 12 month low of $39.28 and a 12 month high of $59.71. The company has a quick ratio of 0.63, a current ratio of 2.77 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.79 billion, a P/E ratio of 16.44, a P/E/G ratio of 0.95 and a beta of 0.47.
Aaron’s (NYSE:AAN) last released its earnings results on Thursday, April 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.15. Aaron’s had a net margin of 5.15% and a return on equity of 14.31%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $991.09 million. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that Aaron’s, Inc. will post 3.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Tuesday, June 18th will be given a $0.035 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.25%. Aaron’s’s dividend payout ratio is 4.17%.
Several equities analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price target on shares of Aaron’s in a report on Monday, February 18th. KeyCorp reissued a “buy” rating and issued a $68.00 price target on shares of Aaron’s in a report on Friday, February 15th. Zacks Investment Research lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Northcoast Research raised shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Thursday, February 21st. Finally, ValuEngine lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.25.
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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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