Lucus Advisors LLC Purchases Shares of 13,734 Aaron’s, Inc. (AAN)

Lucus Advisors LLC acquired a new position in shares of Aaron’s, Inc. (NYSE:AAN) during the first quarter, Holdings Channel reports. The institutional investor acquired 13,734 shares of the company’s stock, valued at approximately $408,000.

A number of other large investors also recently modified their holdings of AAN. BlackRock Inc. increased its stake in shares of Aaron’s, by 14,081.2% in the first quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock worth $206,356,000 after buying an additional 6,889,771 shares during the period. Vanguard Group Inc. increased its stake in shares of Aaron’s, by 6.1% in the first quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock worth $187,313,000 after buying an additional 361,856 shares during the period. LSV Asset Management increased its stake in shares of Aaron’s, by 49.0% in the first quarter. LSV Asset Management now owns 2,020,086 shares of the company’s stock worth $60,077,000 after buying an additional 664,286 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Aaron’s, by 70.6% in the first quarter. Bank of New York Mellon Corp now owns 1,399,062 shares of the company’s stock worth $41,607,000 after buying an additional 578,774 shares during the period. Finally, Norges Bank bought a new stake in shares of Aaron’s, during the fourth quarter worth about $40,324,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

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

Shares of Aaron’s, Inc. (NYSE:AAN) traded up 1.39% during midday trading on Friday, reaching $39.42. The company’s stock had a trading volume of 908,969 shares. The stock’s 50 day moving average price is $36.69 and its 200 day moving average price is $31.89. Aaron’s, Inc. has a one year low of $20.50 and a one year high of $40.33. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 20.04 and a beta of 0.18.

Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, April 28th. The company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.14. The business had revenue of $844.60 million for the quarter, compared to analysts’ expectations of $830.44 million. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. Analysts predict that Aaron’s, Inc. will post $2.40 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Tuesday, June 27th will be given a dividend of $0.0275 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, June 23rd. Aaron’s, ‘s payout ratio is presently 5.58%.

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AAN has been the topic of a number of recent research reports. Jefferies Group LLC upped their price objective on Aaron’s, from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, May 1st. TheStreet downgraded Aaron’s, from a “b” rating to a “c+” rating in a research report on Friday, February 17th. Loop Capital restated a “hold” rating and set a $28.00 price objective on shares of Aaron’s, in a research report on Sunday, April 23rd. Finally, Zacks Investment Research upgraded Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, May 2nd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Aaron’s, currently has a consensus rating of “Buy” and an average target price of $38.00.

In other news, CEO John W. Robinson sold 13,750 shares of Aaron’s, stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $28.65, for a total transaction of $393,937.50. Following the sale, the chief executive officer now owns 378,440 shares of the company’s stock, valued at approximately $10,842,306. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven A. Michaels sold 10,000 shares of Aaron’s, stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $28.81, for a total transaction of $288,100.00. Following the sale, the chief financial officer now directly owns 67,704 shares in the company, valued at approximately $1,950,552.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,750 shares of company stock worth $1,542,268. Corporate insiders own 1.93% 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.

Want to see what other hedge funds are holding AAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aaron’s, Inc. (NYSE:AAN).

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