Zebra Capital Management LLC decreased its position in Aaron’s, Inc. (NYSE:AAN) by 42.9% during the 2nd quarter, Holdings Channel reports. The firm owned 12,386 shares of the company’s stock after selling 9,324 shares during the period. Zebra Capital Management LLC’s holdings in Aaron’s were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of AAN. Wedge Capital Management L L P NC grew its position in shares of Aaron’s by 88.2% in the second quarter. Wedge Capital Management L L P NC now owns 2,601,402 shares of the company’s stock valued at $113,031,000 after purchasing an additional 1,219,143 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Aaron’s in the second quarter valued at approximately $28,126,000. Nuveen Asset Management LLC grew its position in shares of Aaron’s by 107.4% in the first quarter. Nuveen Asset Management LLC now owns 1,097,198 shares of the company’s stock valued at $51,129,000 after purchasing an additional 568,252 shares during the last quarter. BlackRock Inc. grew its position in shares of Aaron’s by 6.7% in the second quarter. BlackRock Inc. now owns 7,434,486 shares of the company’s stock valued at $323,026,000 after purchasing an additional 469,427 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Aaron’s by 117.4% in the second quarter. Wells Fargo & Company MN now owns 850,585 shares of the company’s stock valued at $36,959,000 after purchasing an additional 459,401 shares during the last quarter.
Several equities analysts have recently commented on the company. ValuEngine raised Aaron’s from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Stifel Nicolaus increased their price target on Aaron’s from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Zacks Investment Research downgraded Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Northcoast Research reissued a “buy” rating on shares of Aaron’s in a research report on Tuesday, July 24th. Finally, Raymond James reissued a “buy” rating and set a $57.00 price target on shares of Aaron’s in a research report on Sunday, August 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.73.
In other Aaron’s news, CEO Ryan K. Woodley sold 12,500 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $43.01, for a total value of $537,625.00. Following the sale, the chief executive officer now owns 146,550 shares of the company’s stock, valued at approximately $6,303,115.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Curtis Linn Doman sold 35,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $50.00, for a total value of $1,750,000.00. Following the completion of the sale, the insider now directly owns 67,523 shares in the company, valued at approximately $3,376,150. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,404 shares of company stock worth $2,664,743. Company insiders own 2.28% of the company’s stock.
Shares of NYSE:AAN opened at $52.36 on Monday. The company has a market cap of $3.58 billion, a P/E ratio of 20.34 and a beta of 0.04. Aaron’s, Inc. has a 1 year low of $34.29 and a 1 year high of $52.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.70 and a current ratio of 2.60.
Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Thursday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.08. The business had revenue of $927.90 million for the quarter, compared to the consensus estimate of $924.86 million. Aaron’s had a return on equity of 11.54% and a net margin of 8.14%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. analysts anticipate that Aaron’s, Inc. will post 3.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, September 20th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Wednesday, September 19th. Aaron’s’s dividend payout ratio is presently 4.69%.
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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