Nisa Investment Advisors LLC held its stake in Aaron’s, Inc. (NYSE:AAN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,673 shares of the company’s stock at the end of the first quarter. Nisa Investment Advisors LLC’s holdings in Aaron’s, were worth $704,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AAN. Dimensional Fund Advisors LP increased its stake in Aaron’s, by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,115,590 shares of the company’s stock valued at $195,638,000 after buying an additional 122,162 shares during the last quarter. Northern Trust Corp increased its stake in shares of Aaron’s, by 1.4% in the third quarter. Northern Trust Corp now owns 1,448,735 shares of the company’s stock worth $36,827,000 after buying an additional 20,499 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Aaron’s, by 23.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 1,387,052 shares of the company’s stock worth $35,259,000 after buying an additional 266,800 shares during the last quarter. Norges Bank acquired a new stake in shares of Aaron’s, during the fourth quarter worth $40,324,000. Finally, AQR Capital Management LLC increased its stake in shares of Aaron’s, by 1.4% in the fourth quarter. AQR Capital Management LLC now owns 777,705 shares of the company’s stock worth $24,879,000 after buying an additional 10,387 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

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

Aaron’s, Inc. (NYSE:AAN) opened at 39.42 on Friday. Aaron’s, Inc. has a 12-month low of $20.50 and a 12-month high of $40.33. The firm has a market cap of $2.79 billion, a P/E ratio of 20.04 and a beta of 0.18. The company has a 50-day moving average price of $36.90 and a 200-day moving average price of $31.96.

Aaron’s, (NYSE:AAN) last announced its earnings results on Friday, April 28th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.14. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The business had revenue of $844.60 million for the quarter, compared to analyst estimates of $830.44 million. During the same quarter last year, the firm earned $0.71 EPS. Aaron’s, ‘s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts predict that Aaron’s, Inc. will post $2.40 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders 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 is Friday, June 23rd. Aaron’s, ‘s dividend payout ratio (DPR) is 5.58%.

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A number of analysts have commented on AAN shares. Zacks Investment Research raised shares of Aaron’s, from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Jefferies Group LLC set a $34.00 price objective on shares of Aaron’s, and gave the company a “buy” rating in a research note on Saturday, February 18th. TheStreet raised shares of Aaron’s, from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Finally, Loop Capital reiterated a “hold” rating and issued a $28.00 target price on shares of Aaron’s, in a report on Sunday, April 23rd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $38.00.

In other Aaron’s, news, CAO Robert W. Kamerschen sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $37.39, for a total transaction of $186,950.00. Following the transaction, the chief accounting officer now owns 31,999 shares of the company’s stock, valued at approximately $1,196,442.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert W. Kamerschen sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $30.32, for a total value of $121,280.00. Following the transaction, the chief accounting officer now directly owns 36,999 shares in the company, valued at approximately $1,121,809.68. The disclosure for this sale can be found here. Insiders have sold a total of 47,750 shares of company stock worth $1,542,268 in the last ninety days. Insiders own 1.93% of the company’s stock.

About Aaron’s,

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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