Aaron’s, Inc. (NYSE:AAN) Position Boosted by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its holdings in shares of Aaron’s, Inc. (NYSE:AAN) by 60.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,279 shares of the company’s stock after purchasing an additional 22,039 shares during the quarter. Neuberger Berman Group LLC owned 0.08% of Aaron’s, worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. grew its position in shares of Aaron’s, by 189.9% during the second quarter. Prudential Financial Inc. now owns 435,437 shares of the company’s stock worth $16,938,000 after purchasing an additional 285,210 shares in the last quarter. American Century Companies Inc. grew its position in shares of Aaron’s, by 0.9% during the second quarter. American Century Companies Inc. now owns 141,875 shares of the company’s stock worth $5,519,000 after purchasing an additional 1,251 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Aaron’s, by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock worth $183,000 after purchasing an additional 705 shares in the last quarter. TrimTabs Asset Management LLC grew its position in shares of Aaron’s, by 104.7% during the second quarter. TrimTabs Asset Management LLC now owns 8,287 shares of the company’s stock worth $322,000 after purchasing an additional 4,239 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Aaron’s, by 20.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 55,823 shares of the company’s stock worth $2,172,000 after purchasing an additional 9,343 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

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Shares of Aaron’s, Inc. (NYSE AAN) opened at 38.83 on Friday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 19.95 and a beta of 0.18. The firm’s 50-day moving average price is $43.85 and its 200 day moving average price is $37.21. Aaron’s, Inc. has a 1-year low of $22.37 and a 1-year high of $48.22.

Aaron’s, (NYSE:AAN) last posted its earnings results on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. The business had revenue of $815.60 million for the quarter, compared to analyst estimates of $786.12 million. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. Aaron’s, ‘s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. Equities research analysts expect that Aaron’s, Inc. will post $2.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.027 dividend. This represents a $0.11 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, September 14th. Aaron’s, ‘s payout ratio is presently 5.64%.

In related news, CEO John W. Robinson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total transaction of $691,650.00. Following the completion of the transaction, the chief executive officer now owns 348,440 shares in the company, valued at $16,066,568.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis Linn Doman sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the transaction, the insider now owns 101,775 shares of the company’s stock, valued at approximately $4,411,946.25. The disclosure for this sale can be found here. Insiders sold a total of 61,776 shares of company stock valued at $2,742,507 in the last 90 days. Corporate insiders own 1.93% of the company’s stock.

Several equities research analysts have recently issued reports on AAN shares. SunTrust Banks, Inc. reissued a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 target price (up from $40.00) on shares of Aaron’s, in a research report on Sunday, July 30th. Northcoast Research reaffirmed a “buy” rating and set a $52.50 target price (up from $45.00) on shares of Aaron’s, in a research report on Monday, July 31st. Finally, Off Wall Street began coverage on Aaron’s, in a research note on Monday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Aaron’s, currently has an average rating of “Buy” and an average price target of $44.21.

Aaron’s, 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.

Institutional Ownership by Quarter for Aaron`s,  (NYSE:AAN)

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