Bowling Portfolio Management LLC boosted its position in Aaron’s, Inc. (NYSE:AAN) by 83.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,724 shares of the company’s stock after buying an additional 21,682 shares during the period. Bowling Portfolio Management LLC owned approximately 0.07% of Aaron’s, worth $1,856,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its stake in shares of Aaron’s, by 0.3% in the first quarter. Capstone Asset Management Co. now owns 10,684 shares of the company’s stock worth $318,000 after buying an additional 30 shares during the period. Meadow Creek Investment Management LLC boosted its position in Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock worth $106,000 after buying an additional 168 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position 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 worth $128,000 after buying an additional 204 shares during the last quarter. UBS Group AG boosted its position in Aaron’s, by 0.6% in the first quarter. UBS Group AG now owns 44,095 shares of the company’s stock worth $1,311,000 after buying an additional 255 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Aaron’s, by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,664 shares of the company’s stock worth $674,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.
Aaron’s, Inc. (NYSE AAN) traded up 1.596% on Friday, hitting $45.515. 231,471 shares of the stock were exchanged. Aaron’s, Inc. has a one year low of $22.37 and a one year high of $48.22. The stock has a market capitalization of $3.22 billion, a P/E ratio of 23.389 and a beta of 0.17. The company has a 50 day moving average of $40.93 and a 200 day moving average of $34.39.
Aaron’s, (NYSE:AAN) last posted its quarterly earnings data on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. The firm had revenue of $815.60 million for the quarter, compared to the consensus estimate of $786.12 million. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. On average, equities research analysts forecast that Aaron’s, Inc. will post $2.56 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This report was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://stocknewstimes.com/2017/08/11/bowling-portfolio-management-llc-has-1-86-million-position-in-aarons-inc-aan-updated.html.
Several brokerages have recently commented on AAN. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Aaron’s, from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. TheStreet upgraded shares of Aaron’s, from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price objective (up previously from $40.00) on shares of Aaron’s, in a research note on Sunday, July 30th. Finally, Loop Capital reiterated a “hold” rating and set a $28.00 price objective on shares of Aaron’s, in a research note on Sunday, April 23rd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Aaron’s, has an average rating of “Buy” and a consensus target price of $42.50.
In related news, CFO Steven A. Michaels sold 5,000 shares of the business’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 directly owns 61,095 shares in the company, valued at approximately $2,826,254.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Robinson sold 15,000 shares of the business’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 owns 348,440 shares in the company, valued at $16,066,568.40. The disclosure for this sale can be found here. 1.93% of the stock is owned by insiders.
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.
Receive News & Ratings for Aaron's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
