Thrivent Financial For Lutherans lowered its stake in Aaron’s, Inc. (NYSE:AAN) by 55.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,397 shares of the company’s stock after selling 267,101 shares during the period. Thrivent Financial For Lutherans’ holdings in Aaron’s, were worth $6,286,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Meadow Creek Investment Management LLC raised its stake in shares of Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock valued at $106,000 after buying an additional 168 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Aaron’s, by 24.1% in the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after buying an additional 778 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Aaron’s, by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,048 shares of the company’s stock valued at $120,000 after buying an additional 1,904 shares during the last quarter. Bank of Montreal Can raised 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. Finally, Glen Harbor Capital Management LLC raised 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. 99.83% of the stock is currently owned by institutional investors.
Aaron’s, Inc. (NYSE AAN) traded down 1.30% during trading on Tuesday, hitting $38.80. The company had a trading volume of 100,864 shares. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.73 and a beta of 0.18. The stock has a 50-day moving average of $36.99 and a 200 day moving average of $32.08. Aaron’s, Inc. has a one year low of $20.50 and a one year high of $40.33.
Aaron’s, (NYSE:AAN) last issued its quarterly earnings results on Friday, April 28th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.14. The business had revenue of $844.60 million for the quarter, compared to the consensus estimate of $830.44 million. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. Equities analysts forecast that Aaron’s, Inc. will post $2.40 EPS for the current fiscal year.
The business 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 dividend of $0.0275 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, June 23rd. Aaron’s, ‘s dividend payout ratio is currently 5.58%.
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Several analysts have recently weighed in on AAN shares. TheStreet raised Aaron’s, from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Jefferies Group LLC lifted their price objective on Aaron’s, from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Zacks Investment Research raised Aaron’s, from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Loop Capital reissued a “hold” rating and set a $28.00 price objective on shares of Aaron’s, in a report on Sunday, April 23rd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $38.00.
In related news, CAO Robert W. Kamerschen sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $37.39, for a total transaction of $186,950.00. Following the sale, the chief accounting officer now owns 31,999 shares of the company’s stock, valued at $1,196,442.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Robinson sold 13,750 shares of the firm’s stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $28.65, for a total value of $393,937.50. Following the completion of the sale, the chief executive officer now directly owns 378,440 shares in the company, valued at approximately $10,842,306. The disclosure for this sale can be found here. Insiders have sold 37,750 shares of company stock worth $1,254,168 in the last three months. 1.93% of the stock is currently owned by company insiders.
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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