Seizert Capital Partners LLC boosted its stake in shares of Aaron's, Inc. (NYSE:AAN) by 7.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,070 shares of the company’s stock after buying an additional 5,174 shares during the period. Seizert Capital Partners LLC’s holdings in Aaron's were worth $2,203,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL boosted its stake in Aaron's by 1.1% in the third quarter. Virginia Retirement Systems ET AL now owns 55,500 shares of the company’s stock valued at $1,411,000 after buying an additional 600 shares during the period. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of Aaron's by 677.0% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 131,047 shares of the company’s stock worth $3,331,000 after buying an additional 114,182 shares during the period. South Texas Money Management Ltd. bought a new stake in shares of Aaron's during the third quarter worth approximately $6,982,000. Lucus Advisors LLC bought a new stake in shares of Aaron's during the third quarter worth approximately $403,000. Finally, California State Teachers Retirement System boosted its stake in shares of Aaron's by 0.9% in the third quarter. California State Teachers Retirement System now owns 139,168 shares of the company’s stock worth $3,538,000 after buying an additional 1,300 shares during the period. 96.20% of the stock is owned by institutional investors.
Aaron's, Inc. (NYSE:AAN) traded down 1.06% during mid-day trading on Friday, reaching $34.58. The company had a trading volume of 420,183 shares. Aaron's, Inc. has a one year low of $20.50 and a one year high of $37.67. The company has a market capitalization of $2.44 billion, a P/E ratio of 17.58 and a beta of 0.27. The stock has a 50 day moving average price of $32.96 and a 200 day moving average price of $30.54.
Aaron's (NYSE:AAN) last announced its quarterly earnings results on Friday, April 28th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.14. Aaron's had a net margin of 4.31% and a return on equity of 11.36%. The business had revenue of $844.60 million for the quarter, compared to analysts’ expectations of $830.44 million. During the same quarter last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts expect that Aaron's, Inc. will post $2.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Tuesday, June 27th will be given a $0.0275 dividend. The ex-dividend date is Friday, June 23rd. This represents a $0.11 annualized dividend and a yield of 0.32%. Aaron's’s payout ratio is 5.76%.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Aaron's from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, May 2nd. Jefferies Group LLC boosted their target price on Aaron's from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Raymond James Financial, Inc. cut Aaron's from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, January 19th. TheStreet raised Aaron's from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Finally, Loop Capital reissued a “hold” rating and issued a $28.00 target price on shares of Aaron's in a research note on Sunday, April 23rd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $36.67.
In related news, CFO Steven A. Michaels sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $28.81, for a total value of $288,100.00. Following the transaction, the chief financial officer now owns 67,704 shares of the company’s stock, valued at approximately $1,950,552.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Robert W. Kamerschen sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $30.32, for a total transaction of $121,280.00. Following the completion of the transaction, the chief accounting officer now directly owns 36,999 shares in the company, valued at approximately $1,121,809.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,750 shares of company stock worth $1,542,268. 1.12% of the stock is owned by insiders.
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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