Aaron’s, Inc. (AAN) Shares Bought by Amalgamated Bank

Amalgamated Bank boosted its stake in Aaron’s, Inc. (NYSE:AAN) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,199 shares of the company’s stock after buying an additional 7 shares during the period. Amalgamated Bank’s holdings in Aaron’s, were worth $274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meadow Creek Investment Management LLC boosted its position in shares of Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock valued at $106,000 after buying an additional 168 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Aaron’s, by 24.1% in the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after buying an additional 778 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Aaron’s, by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,048 shares of the company’s stock valued at $120,000 after buying an additional 1,904 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Aaron’s, by 29.5% in the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock valued at $126,000 after buying an additional 961 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Aaron’s, Inc. (NYSE AAN) opened at 39.53 on Friday. The stock has a market capitalization of $2.79 billion, a PE ratio of 20.10 and a beta of 0.14. Aaron’s, Inc. has a 12 month low of $21.50 and a 12 month high of $40.59. The company’s 50-day moving average price is $38.82 and its 200 day moving average price is $33.09.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings data on Friday, April 28th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.14. The firm had revenue of $844.60 million during the quarter, compared to the consensus estimate of $830.44 million. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. On average, analysts forecast that Aaron’s, Inc. will post $2.40 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Tuesday, June 27th were paid a dividend of $0.0275 per share. This represents a $0.11 annualized dividend and a yield of 0.28%. The ex-dividend date was Friday, June 23rd. Aaron’s, ‘s dividend payout ratio is presently 5.58%.

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AAN has been the subject of several recent research reports. Loop Capital reiterated a “hold” rating and set a $28.00 price target on shares of Aaron’s, in a research report on Sunday, April 23rd. Zacks Investment Research upgraded Aaron’s, from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. TheStreet upgraded Aaron’s, from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Jefferies Group LLC lifted their price target on Aaron’s, from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Finally, BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aaron’s, presently has an average rating of “Buy” and an average target price of $38.00.

In other news, CAO Robert W. Kamerschen sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $37.39, for a total transaction of $186,950.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,999 shares of the company’s stock, valued at approximately $1,196,442.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John W. Robinson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $36.80, for a total value of $552,000.00. Following the transaction, the chief executive officer now directly owns 363,440 shares of the company’s stock, valued at $13,374,592. The disclosure for this sale can be found here. 1.93% of the stock is owned by corporate insiders.

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.