Oregon Public Employees Retirement Fund raised its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,664 shares of the company’s stock after buying an additional 300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Aaron’s, were worth $674,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of Aaron’s, by 29.5% in the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock valued at $126,000 after buying an additional 961 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Aaron’s, by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,318 shares of the company’s stock valued at $128,000 after buying an additional 204 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Aaron’s, during the fourth quarter valued at about $212,000. Cullen Capital Management LLC bought a new stake in shares of Aaron’s, during the third quarter valued at about $218,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Aaron’s, during the fourth quarter valued at about $246,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
Aaron’s, Inc. (NYSE:AAN) traded up 1.39% during mid-day trading on Friday, hitting $39.42. 910,335 shares of the stock were exchanged. The stock’s 50-day moving average is $36.90 and its 200 day moving average is $31.96. Aaron’s, Inc. has a 52 week low of $20.51 and a 52 week high of $40.33. The company has a market capitalization of $2.79 billion, a PE ratio of 20.04 and a beta of 0.18.
Aaron’s, (NYSE:AAN) last released its quarterly earnings data on Friday, April 28th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.66 by $0.14. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The company had revenue of $844.60 million during the quarter, compared to the consensus estimate of $830.44 million. During the same period last year, the company earned $0.71 EPS. Aaron’s, ‘s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts anticipate that Aaron’s, Inc. will post $2.40 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Tuesday, June 27th will be paid a dividend of $0.0275 per share. The ex-dividend date of this dividend is Friday, June 23rd. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.28%. Aaron’s, ‘s dividend payout ratio is currently 5.58%.
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Several brokerages have recently issued reports on AAN. Jefferies Group LLC set a $34.00 price objective on shares of Aaron’s, and gave the stock a “buy” rating in a research report on Saturday, February 18th. TheStreet raised shares of Aaron’s, from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Zacks Investment Research downgraded shares of Aaron’s, from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 22nd. Finally, Loop Capital reaffirmed a “hold” rating and issued a $28.00 target price on shares of Aaron’s, in a research report on Sunday, April 23rd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Aaron’s, has an average rating of “Buy” and an average price target of $38.00.
In other news, CAO Robert W. Kamerschen sold 4,000 shares of Aaron’s, stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $30.32, for a total transaction of $121,280.00. Following the transaction, the chief accounting officer now directly owns 36,999 shares of the company’s stock, valued at approximately $1,121,809.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven A. Michaels sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $28.81, for a total value of $288,100.00. Following the completion of the transaction, the chief financial officer now directly owns 67,704 shares in the company, valued at $1,950,552.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,750 shares of company stock valued at $1,542,268. Corporate insiders own 1.93% of the company’s stock.
Aaron’s, Company 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.
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