Schwab Charles Investment Management Inc. increased its position in shares of Aaron’s, Inc. (NYSE:AAN) by 9.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 515,987 shares of the company’s stock after buying an additional 42,829 shares during the period. Schwab Charles Investment Management Inc. owned 0.73% of Aaron’s, worth $15,346,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAN. ProShare Advisors LLC boosted its position in Aaron’s, by 15.0% in the first quarter. ProShare Advisors LLC now owns 239,415 shares of the company’s stock valued at $7,120,000 after buying an additional 31,309 shares during the period. Palisade Capital Management LLC NJ boosted its position in Aaron’s, by 7.1% in the first quarter. Palisade Capital Management LLC NJ now owns 384,098 shares of the company’s stock valued at $11,423,000 after buying an additional 25,595 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Aaron’s, by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the company’s stock valued at $479,000 after buying an additional 400 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Aaron’s, by 12.5% in the first quarter. Alpha Windward LLC now owns 17,880 shares of the company’s stock valued at $532,000 after buying an additional 1,980 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Aaron’s, by 0.3% in the first quarter. Capstone Asset Management Co. now owns 10,684 shares of the company’s stock valued at $318,000 after buying an additional 30 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Shares of Aaron’s, Inc. (NYSE:AAN) traded down 0.48% during mid-day trading on Tuesday, hitting $45.76. The stock had a trading volume of 652,747 shares. Aaron’s, Inc. has a 52 week low of $22.37 and a 52 week high of $48.22. The stock has a 50 day moving average price of $40.17 and a 200 day moving average price of $33.98. The firm has a market cap of $3.23 billion, a PE ratio of 23.51 and a beta of 0.17.

Aaron’s, (NYSE:AAN) last issued its quarterly earnings data on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The company had revenue of $815.60 million for the quarter, compared to the consensus estimate of $786.12 million. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect that Aaron’s, Inc. will post $2.56 EPS for the current fiscal year.

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Several brokerages recently commented on AAN. Northcoast Research reissued a “buy” rating and issued a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price target (up from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. Jefferies Group LLC reiterated a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Finally, BidaskClub lowered Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $42.50.

In other Aaron’s, news, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $46.11, for a total transaction of $691,650.00. Following the sale, the chief executive officer now owns 348,440 shares in the company, valued at $16,066,568.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven A. Michaels sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $46.26, for a total value of $231,300.00. Following the sale, the chief financial officer now owns 61,095 shares in the company, valued at approximately $2,826,254.70. The disclosure for this sale can be found here. Company 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.

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

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