AJO LP lessened its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,073,862 shares of the company’s stock after selling 33,252 shares during the period. AJO LP owned about 1.59% of Aaron’s worth $56,485,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its position in shares of Aaron’s by 531.9% during the 4th quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Oregon Public Employees Retirement Fund grew its position in Aaron’s by 4,622.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,151,876 shares of the company’s stock worth $27,000 after purchasing an additional 1,127,485 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Aaron’s during the 1st quarter worth $28,000. CX Institutional purchased a new position in Aaron’s during the 1st quarter worth $32,000. Finally, Quantamental Technologies LLC purchased a new position in Aaron’s during the 4th quarter worth $102,000. 97.64% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Ray M. Robinson sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.00, for a total value of $162,000.00. Following the completion of the transaction, the director now owns 29,912 shares of the company’s stock, valued at $1,615,248. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan K. Woodley sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief executive officer now owns 84,010 shares of the company’s stock, valued at $5,040,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,867 shares of company stock valued at $3,150,564. 2.78% of the stock is currently owned by company insiders.
Several research analysts have issued reports on AAN shares. Northcoast Research raised their price objective on shares of Aaron’s from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. ValuEngine downgraded shares of Aaron’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Zacks Investment Research downgraded shares of Aaron’s from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. KeyCorp lifted their target price on shares of Aaron’s from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Finally, Stephens set a $67.00 target price on shares of Aaron’s and gave the company a “buy” rating in a report on Wednesday, June 12th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Aaron’s has a consensus rating of “Buy” and a consensus target price of $65.25.
Shares of NYSE AAN traded up $0.09 during midday trading on Wednesday, hitting $61.16. The company had a trading volume of 574,613 shares, compared to its average volume of 554,026. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.77 and a quick ratio of 0.63. Aaron’s, Inc. has a twelve month low of $39.28 and a twelve month high of $62.67. The firm has a 50-day simple moving average of $56.85. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.07 and a beta of 0.48.
Aaron’s (NYSE:AAN) last announced its earnings results on Thursday, April 25th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.15. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $991.09 million. Aaron’s had a net margin of 5.15% and a return on equity of 14.31%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. Research analysts forecast that Aaron’s, Inc. will post 3.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Monday, June 17th. Aaron’s’s payout ratio is currently 4.17%.
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.
Receive News & Ratings for Aaron's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's and related companies with MarketBeat.com's FREE daily email newsletter.