Dupont Capital Management Corp lessened its position in shares of Aaron’s, Inc. (NYSE:AAN) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,100 shares of the company’s stock after selling 17,663 shares during the quarter. Dupont Capital Management Corp owned about 0.13% of Aaron’s, worth $3,931,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Aaron’s, by 14,081.2% during the 1st quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock worth $206,356,000 after acquiring an additional 6,889,771 shares during the last quarter. AJO LP raised its position in Aaron’s, by 267.0% during the 2nd quarter. AJO LP now owns 1,468,601 shares of the company’s stock valued at $57,129,000 after purchasing an additional 1,068,399 shares in the last quarter. Principal Financial Group Inc. raised its position in Aaron’s, by 223.7% during the 2nd quarter. Principal Financial Group Inc. now owns 906,077 shares of the company’s stock valued at $35,246,000 after purchasing an additional 626,128 shares in the last quarter. Balyasny Asset Management LLC raised its position in shares of Aaron’s, by 5,204.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 468,257 shares of the company’s stock worth $18,215,000 after acquiring an additional 459,430 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Aaron’s, by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock worth $187,313,000 after acquiring an additional 361,856 shares in the last quarter.
Shares of Aaron’s, Inc. (NYSE AAN) traded up $0.23 during trading on Wednesday, reaching $35.76. The company had a trading volume of 752,900 shares, compared to its average volume of 835,033. The stock has a market capitalization of $2,514.14, a price-to-earnings ratio of 14.74 and a beta of 0.23. Aaron’s, Inc. has a 52 week low of $26.12 and a 52 week high of $48.22. The company has a quick ratio of 0.74, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.
Aaron’s, (NYSE:AAN) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.11). Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The business had revenue of $838.80 million during the quarter, compared to analysts’ expectations of $827.20 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. equities research analysts predict that Aaron’s, Inc. will post 2.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.03 per share. This is a positive change from Aaron’s, ‘s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 12th. This represents a $0.12 annualized dividend and a dividend yield of 0.34%. Aaron’s, ‘s dividend payout ratio (DPR) is presently 5.79%.
Several brokerages recently weighed in on AAN. Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th. Stifel Nicolaus restated a “buy” rating and set a $55.00 target price (up from $40.00) on shares of Aaron’s, in a research note on Sunday, July 30th. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Northcoast Research reiterated a “buy” rating and set a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. Finally, Off Wall Street initiated coverage on Aaron’s, in a report on Monday, September 18th. They issued a “sell” rating for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $43.06.
In related news, insider Curtis Linn Doman sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the transaction, the insider now owns 101,775 shares of the company’s stock, valued at $4,411,946.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan K. Woodley sold 6,776 shares of Aaron’s, stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $44.30, for a total value of $300,176.80. Following the completion of the sale, the chief executive officer now directly owns 145,849 shares in the company, valued at approximately $6,461,110.70. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 2,913,000 shares of company stock worth $118,730 and have sold 60,779 shares worth $2,511,865. Company insiders own 1.93% of the company’s stock.
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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