Tudor Investment Corp ET AL Has $339,000 Stake in Aaron’s, Inc. (AAN)

Tudor Investment Corp ET AL decreased its stake in Aaron’s, Inc. (NYSE:AAN) by 51.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 11,400 shares of the company’s stock after selling 12,185 shares during the period. Tudor Investment Corp ET AL’s holdings in Aaron’s, were worth $339,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Meadow Creek Investment Management LLC boosted its stake 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 during the period. Victory Capital Management Inc. boosted its stake 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 during the period. TrimTabs Asset Management LLC boosted its stake 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 during the period. Bank of Montreal Can boosted its stake 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 during the period. Finally, Glen Harbor Capital Management LLC boosted its stake 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 during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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

Aaron’s, (NYSE:AAN) last released its quarterly earnings results on Friday, April 28th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.14. Aaron’s, had a net margin of 4.47% and a return on equity of 11.81%. The business had revenue of $844.60 million for the quarter, compared to analysts’ expectations of $830.44 million. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities research analysts predict that Aaron’s, Inc. will post $2.40 EPS for the current year.

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

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Several brokerages have commented on AAN. Zacks Investment Research raised shares of Aaron’s, from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. TheStreet raised shares of Aaron’s, from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Loop Capital reissued a “hold” rating and set a $28.00 price target on shares of Aaron’s, in a research report on Sunday, April 23rd. BidaskClub cut shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Finally, Jefferies Group LLC boosted their price target on shares of Aaron’s, from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Three research 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’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.00.

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

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