Balasa Dinverno & Foltz LLC raised its position in Aaron’s, Inc. (NYSE:AAN) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,216 shares of the company’s stock after buying an additional 3,052 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Aaron’s, were worth $1,020,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Aaron’s, during the second quarter worth about $344,000. ING Groep NV purchased a new stake in Aaron’s, during the second quarter worth $298,000. Acadian Asset Management LLC raised its stake in Aaron’s, by 3,522.0% in the second quarter. Acadian Asset Management LLC now owns 308,699 shares of the company’s stock worth $12,009,000 after buying an additional 300,176 shares during the last quarter. Parametrica Management Ltd purchased a new stake in Aaron’s, during the second quarter worth $321,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in Aaron’s, during the second quarter worth $439,000. Institutional investors own 99.23% of the company’s stock.
Aaron’s, Inc. (NYSE:AAN) traded down 0.46% on Tuesday, reaching $45.77. The company’s stock had a trading volume of 369,458 shares. The firm has a market capitalization of $3.24 billion, a P/E ratio of 23.52 and a beta of 0.17. The firm has a 50-day moving average price of $39.59 and a 200 day moving average price of $33.71. Aaron’s, Inc. has a 52-week low of $22.37 and a 52-week high of $48.22.
Aaron’s, (NYSE:AAN) last issued its quarterly earnings data on Friday, July 28th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The business had revenue of $815.60 million for the quarter, compared to the consensus estimate of $786.12 million. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. Equities analysts anticipate that Aaron’s, Inc. will post $2.56 earnings per share for the current fiscal year.
A number of research firms recently weighed in on AAN. Northcoast Research restated a “buy” rating and set a $52.50 target price (up from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price target (up from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. 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, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $42.50.
In other Aaron’s, news, CFO Steven A. Michaels sold 5,000 shares of Aaron’s, stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $46.26, for a total value of $231,300.00. Following the sale, the chief financial officer now owns 61,095 shares of the company’s stock, valued at approximately $2,826,254.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of Aaron’s, stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total value of $691,650.00. Following the completion of the sale, the chief executive officer now directly owns 348,440 shares in the company, valued at approximately $16,066,568.40. The disclosure for this sale can be found here. Company insiders own 1.93% of the company’s stock.
About Aaron’s,
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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