Aaron's, Inc. (AAN) Stake Increased by Alpha Windward LLC

Alpha Windward LLC boosted its stake in Aaron's, Inc. (NYSE:AAN) by 12.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 17,880 shares of the company’s stock after buying an additional 1,980 shares during the period. Alpha Windward LLC’s holdings in Aaron's were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its position 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. PNC Financial Services Group Inc. boosted its position in shares of Aaron's by 352.3% in the third quarter. PNC Financial Services Group Inc. now owns 6,111 shares of the company’s stock valued at $155,000 after buying an additional 4,760 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Aaron's by 93.8% in the third quarter. Tower Research Capital LLC TRC now owns 7,215 shares of the company’s stock valued at $183,000 after buying an additional 3,493 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Aaron's during the fourth quarter valued at approximately $246,000. Finally, Acrospire Investment Management LLC boosted its position in shares of Aaron's by 471.4% in the third quarter. Acrospire Investment Management LLC now owns 8,000 shares of the company’s stock valued at $203,000 after buying an additional 6,600 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

Institutional Ownership by Quarter for Aaron's (NYSE:AAN)

Aaron's, Inc. (NYSE:AAN) traded down 1.14% during mid-day trading on Thursday, hitting $30.41. 439,665 shares of the company traded hands. The company’s 50-day moving average price is $28.72 and its 200 day moving average price is $28.67. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 15.92 and a beta of 0.27. Aaron's, Inc. has a one year low of $20.51 and a one year high of $34.22.

Aaron's (NYSE:AAN) last announced its quarterly earnings data on Friday, February 17th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The firm earned $794.95 million during the quarter, compared to analysts’ expectations of $815.40 million. Aaron's had a return on equity of 11.36% and a net margin of 4.31%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. On average, analysts anticipate that Aaron's, Inc. will post $2.30 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th were issued a dividend of $0.0275 per share. The ex-dividend date of this dividend was Monday, March 13th. This represents a $0.11 annualized dividend and a yield of 0.36%. Aaron's’s dividend payout ratio is currently 5.76%.

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Several brokerages have commented on AAN. Jefferies Group LLC set a $34.00 target price on shares of Aaron's and gave the stock a “buy” rating in a report on Saturday, February 18th. Stephens initiated coverage on shares of Aaron's in a report on Thursday, January 12th. They set an “overweight” rating and a $41.00 price target for the company. Zacks Investment Research cut shares of Aaron's from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 22nd. TheStreet cut shares of Aaron's from a “b” rating to a “c+” rating in a report on Friday, February 17th. Finally, SunTrust Banks, Inc. upgraded shares of Aaron's from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, January 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Aaron's currently has an average rating of “Hold” and an average target price of $33.57.

In other Aaron's news, CEO John W. Robinson sold 13,750 shares of the business’s stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $28.65, for a total transaction of $393,937.50. Following the completion of the sale, the chief executive officer now directly owns 378,440 shares of the company’s stock, valued at approximately $10,842,306. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven A. Michaels sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $28.81, for a total value of $288,100.00. Following the sale, the chief financial officer now directly owns 67,704 shares of the company’s stock, valued at $1,950,552.24. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

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.

5 Day Chart for NYSE:AAN

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