Dimensional Fund Advisors LP boosted its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,115,590 shares of the company’s stock after buying an additional 122,162 shares during the period. Dimensional Fund Advisors LP owned approximately 0.09% of Aaron’s, worth $195,638,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. Comerica Bank raised its stake in shares of Aaron’s, by 63.4% in the fourth quarter. Comerica Bank now owns 102,417 shares of the company’s stock worth $3,282,000 after buying an additional 39,756 shares during the period. Burney Co. raised its stake in shares of Aaron’s, by 6.0% in the fourth quarter. Burney Co. now owns 351,106 shares of the company’s stock worth $11,232,000 after buying an additional 19,891 shares during the period. Bessemer Group Inc. raised its stake in shares of Aaron’s, by 10.0% in the fourth quarter. Bessemer Group Inc. now owns 308,778 shares of the company’s stock worth $9,878,000 after buying an additional 28,093 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Aaron’s, during the fourth quarter worth about $10,669,000. Finally, Cornercap Investment Counsel Inc. raised its stake in shares of Aaron’s, by 0.6% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 56,545 shares of the company’s stock worth $1,809,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.
Shares of Aaron’s, Inc. (NYSE:AAN) traded down 1.80% on Monday, reaching $29.51. The company’s stock had a trading volume of 583,695 shares. The stock has a market cap of $2.11 billion, a PE ratio of 15.44 and a beta of 0.27. The company’s 50 day moving average is $31.18 and its 200-day moving average is $27.41. Aaron’s, Inc. has a 1-year low of $20.26 and a 1-year high of $34.22.
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A number of equities research analysts have recently issued reports on AAN shares. Raymond James Financial, Inc. lowered Aaron’s, from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, January 19th. Zacks Investment Research lowered Aaron’s, from a “hold” rating to a “sell” rating in a research report on Thursday, October 27th. Stephens initiated coverage on Aaron’s, in a research report on Thursday, January 12th. They set an “overweight” rating and a $41.00 target price on the stock. TheStreet raised Aaron’s, from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. Finally, SunTrust Banks, Inc. raised Aaron’s, from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, January 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Aaron’s, presently has an average rating of “Buy” and an average target price of $34.00.
Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.
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