ClariVest Asset Management LLC reduced its holdings in Aaron’s, Inc. (NYSE:AAN) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,700 shares of the company’s stock after selling 1,600 shares during the quarter. ClariVest Asset Management LLC’s holdings in Aaron’s were worth $5,298,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of AAN. Signaturefd LLC acquired a new stake in shares of Aaron’s in the 1st quarter valued at approximately $103,000. Verity Asset Management Inc. acquired a new stake in shares of Aaron’s in the 4th quarter valued at approximately $202,000. Zeke Capital Advisors LLC acquired a new stake in shares of Aaron’s in the 1st quarter valued at approximately $205,000. Jefferies Group LLC acquired a new stake in shares of Aaron’s in the 4th quarter valued at approximately $211,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Aaron’s in the 4th quarter valued at approximately $239,000.
NYSE AAN opened at $41.00 on Friday. Aaron’s, Inc. has a 1-year low of $40.26 and a 1-year high of $40.99. The company has a market capitalization of $2.85 billion, a P/E ratio of 15.79 and a beta of 0.07. The company has a quick ratio of 0.86, a current ratio of 2.74 and a debt-to-equity ratio of 0.20.
Aaron’s (NYSE:AAN) last released its quarterly earnings data on Thursday, April 26th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.14). Aaron’s had a net margin of 8.34% and a return on equity of 11.22%. The firm had revenue of $954.81 million during the quarter, compared to analysts’ expectations of $926.74 million. During the same period in the previous year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. equities research analysts expect that Aaron’s, Inc. will post 3.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Tuesday, June 19th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Monday, June 18th. Aaron’s’s payout ratio is currently 4.69%.
Aaron’s declared that its board has authorized a stock repurchase program on Thursday, February 15th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Several analysts have recently commented on AAN shares. Loop Capital raised Aaron’s from a “hold” rating to a “buy” rating in a report on Monday, April 30th. ValuEngine raised Aaron’s from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. SunTrust Banks reaffirmed a “buy” rating on shares of Aaron’s in a research note on Friday, February 16th. Piper Jaffray raised their price objective on Aaron’s from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research downgraded Aaron’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Aaron’s presently has a consensus rating of “Buy” and an average target price of $46.36.
In other Aaron’s news, CAO Robert W. Kamerschen sold 2,000 shares of the firm’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $42.38, for a total transaction of $84,760.00. Following the completion of the transaction, the chief accounting officer now owns 38,929 shares of the company’s stock, valued at $1,649,811.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan K. Woodley sold 12,500 shares of the firm’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $42.35, for a total value of $529,375.00. Following the transaction, the chief executive officer now directly owns 157,950 shares of the company’s stock, valued at approximately $6,689,182.50. The disclosure for this sale can be found here. Insiders have sold 82,147 shares of company stock valued at $3,706,833 in the last three months. 2.28% of the stock is currently owned by company insiders.
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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