Oxford Asset Management LLP purchased a new position in shares of Aaron’s, Inc. (NYSE:AAN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,065 shares of the company’s stock, valued at approximately $860,000.
Other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC raised its position in shares of Aaron’s by 55.9% in the fourth quarter. Advisory Services Network LLC now owns 530 shares of the company’s stock valued at $31,000 after buying an additional 190 shares in the last quarter. Emerald Advisers LLC acquired a new position in Aaron’s during the fourth quarter valued at approximately $36,000. Banque Cantonale Vaudoise acquired a new position in Aaron’s during the fourth quarter valued at approximately $43,000. Chevy Chase Trust Holdings Inc. acquired a new position in Aaron’s during the fourth quarter valued at approximately $43,000. Finally, Penserra Capital Management LLC raised its position in Aaron’s by 25.0% during the third quarter. Penserra Capital Management LLC now owns 920 shares of the company’s stock valued at $59,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 97.85% of the company’s stock.
Several research analysts have commented on the stock. Raymond James lowered their price objective on shares of Aaron’s from $80.00 to $60.00 and set a “strong-buy” rating for the company in a research report on Friday, February 21st. SunTrust Banks cut their price target on shares of Aaron’s from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. ValuEngine cut shares of Aaron’s from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Stifel Nicolaus cut their price target on shares of Aaron’s from $67.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Loop Capital cut their price target on shares of Aaron’s from to in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Aaron’s presently has an average rating of “Buy” and an average price target of $61.90.
Shares of NYSE AAN traded up $2.95 during trading on Wednesday, hitting $23.76. 1,754,076 shares of the company traded hands, compared to its average volume of 1,170,444. The business’s fifty day moving average is $40.95 and its 200 day moving average is $56.79. Aaron’s, Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $78.65. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 56.57, a P/E/G ratio of 0.41 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 2.12.
Aaron’s (NYSE:AAN) last posted its earnings results on Thursday, February 20th. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.09. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.01 billion. Aaron’s had a net margin of 0.80% and a return on equity of 14.70%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.02 EPS. On average, analysts predict that Aaron’s, Inc. will post 3.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, March 19th. Aaron’s’s dividend payout ratio is currently 4.11%.
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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