Public Employees Retirement System of Ohio lowered its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,881 shares of the company’s stock after selling 1,824 shares during the period. Public Employees Retirement System of Ohio owned 0.11% of Aaron’s, worth $2,405,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its stake in Aaron’s, by 14.5% in the fourth quarter. Teachers Advisors LLC now owns 453,416 shares of the company’s stock valued at $14,505,000 after buying an additional 57,440 shares during the period. Hancock Holding Co. increased its stake in Aaron’s, by 18.9% in the first quarter. Hancock Holding Co. now owns 314,600 shares of the company’s stock valued at $9,356,000 after buying an additional 50,000 shares during the period. Ameriprise Financial Inc. increased its stake in Aaron’s, by 140.7% in the first quarter. Ameriprise Financial Inc. now owns 1,100,484 shares of the company’s stock valued at $32,729,000 after buying an additional 643,365 shares during the period. Glen Harbor Capital Management LLC increased its stake in Aaron’s, by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,318 shares of the company’s stock valued at $128,000 after buying an additional 204 shares during the period. Finally, Foundry Partners LLC increased its stake in Aaron’s, by 13.8% in the first quarter. Foundry Partners LLC now owns 270,527 shares of the company’s stock valued at $8,045,000 after buying an additional 32,758 shares during the period. 99.83% of the stock is currently owned by institutional investors.
Aaron’s, Inc. (AAN) opened at 39.99 on Thursday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 20.33 and a beta of 0.14. The firm’s 50-day moving average price is $38.74 and its 200 day moving average price is $33.04. Aaron’s, Inc. has a one year low of $21.50 and a one year high of $40.59.
Aaron’s, (NYSE:AAN) last posted its quarterly earnings results on Friday, April 28th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.14. The business had revenue of $844.60 million during the quarter, compared to analyst estimates of $830.44 million. Aaron’s, had a net margin of 4.47% and a return on equity of 11.81%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. On average, equities analysts anticipate that Aaron’s, Inc. will post $2.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Tuesday, June 27th were issued a dividend of $0.0275 per share. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.28%. Aaron’s, ‘s dividend payout ratio is currently 5.58%.
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Several equities research analysts recently weighed in on AAN shares. Zacks Investment Research raised Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, May 2nd. BidaskClub downgraded Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Loop Capital reaffirmed a “hold” rating and set a $28.00 target price on shares of Aaron’s, in a report on Sunday, April 23rd. Jefferies Group LLC lifted their target price on Aaron’s, from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Finally, TheStreet raised Aaron’s, from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.00.
In other news, CAO Robert W. Kamerschen sold 5,000 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $37.39, for a total transaction of $186,950.00. Following the completion of the sale, the chief accounting officer now directly owns 31,999 shares in the company, valued at $1,196,442.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $36.80, for a total transaction of $552,000.00. Following the sale, the chief executive officer now owns 363,440 shares of the company’s stock, valued at $13,374,592. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.
Aaron’s, Company 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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