Nationwide Fund Advisors increased its position in Aaron’s Inc. (NYSE:AAN) by 38.8% during the second quarter, Holdings Channel reports. The firm owned 164,993 shares of the company’s stock after buying an additional 46,160 shares during the period. Nationwide Fund Advisors owned about 0.23% of Aaron’s worth $3,612,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Strs Ohio raised its stake in shares of Aaron’s by 3.8% in the second quarter. Strs Ohio now owns 1,271,500 shares of the company’s stock worth $27,833,000 after buying an additional 46,500 shares during the period. Skyline Asset Management LP raised its stake in shares of Aaron’s by 6.4% in the first quarter. Skyline Asset Management LP now owns 1,047,900 shares of the company’s stock worth $26,302,000 after buying an additional 63,200 shares during the period. Foundry Partners LLC raised its stake in shares of Aaron’s by 771.4% in the second quarter. Foundry Partners LLC now owns 141,305 shares of the company’s stock worth $3,093,000 after buying an additional 125,090 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Aaron’s during the first quarter worth about $788,000. Finally, AMP Capital Investors Ltd bought a new stake in shares of Aaron’s during the first quarter worth about $253,000. 91.99% of the stock is currently owned by institutional investors.
Shares of Aaron’s Inc. (NYSE:AAN) traded up 1.914% on Wednesday, reaching $25.448. The company’s stock had a trading volume of 49,893 shares. Aaron’s Inc. has a 1-year low of $20.24 and a 1-year high of $40.80. The stock has a market cap of $1.85 billion, a PE ratio of 13.898 and a beta of 0.23. The company’s 50 day moving average is $25.00 and its 200-day moving average is $24.52.
Aaron’s (NYSE:AAN) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Aaron’s had a return on equity of 11.01% and a net margin of 4.15%. The business earned $789.40 million during the quarter, compared to analysts’ expectations of $809.16 million. During the same quarter last year, the company posted $0.61 earnings per share. Aaron’s’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Aaron’s Inc. will post $2.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 2nd were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, August 31st. Aaron’s’s payout ratio is currently 5.43%.
AAN has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. TheStreet raised Aaron’s from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $29.92.
In other Aaron’s news, Director Robert H. Yanker purchased 40,000 shares of Aaron’s stock in a transaction that occurred on Friday, August 19th. The stock was acquired at an average price of $25.29 per share, for a total transaction of $1,011,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.12% of the company’s stock.
Aaron’s Company Profile
Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.
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