Dupont Capital Management Corp increased its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 21.4% during the second quarter, Holdings Channel reports. The fund owned 107,763 shares of the company’s stock after buying an additional 18,990 shares during the period. Dupont Capital Management Corp’s holdings in Aaron’s, were worth $4,192,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Aaron’s, by 14,081.2% in the first quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock valued at $206,356,000 after buying an additional 6,889,771 shares during the last quarter. Vanguard Group Inc. boosted its stake in Aaron’s, by 6.1% in the first quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock valued at $187,313,000 after buying an additional 361,856 shares during the last quarter. LSV Asset Management boosted its stake in Aaron’s, by 49.0% in the first quarter. LSV Asset Management now owns 2,020,086 shares of the company’s stock valued at $60,077,000 after buying an additional 664,286 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in 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 valued at $41,607,000 after buying an additional 578,774 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Aaron’s, by 140.7% in the first quarter. Ameriprise Financial Inc. now owns 1,100,484 shares of the company’s stock valued at $32,729,000 after buying an additional 643,365 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Shares of Aaron’s, Inc. (NYSE AAN) opened at 45.00 on Thursday. Aaron’s, Inc. has a 12 month low of $22.37 and a 12 month high of $48.22. The company has a market cap of $3.18 billion, a PE ratio of 23.12 and a beta of 0.17. The company has a 50-day moving average of $41.67 and a 200 day moving average of $34.83.

Aaron’s, (NYSE:AAN) last announced its quarterly earnings data on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $815.60 million for the quarter, compared to analyst estimates of $786.12 million. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, analysts anticipate that Aaron’s, Inc. will post $2.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.027 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.11 dividend on an annualized basis and a yield of 0.24%. Aaron’s, ‘s payout ratio is currently 5.64%.

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Several equities research analysts recently weighed in on AAN shares. Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a research report on Sunday, July 30th. BidaskClub cut shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Northcoast Research restated a “buy” rating and issued a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a research report on Monday, July 31st. Loop Capital restated a “hold” rating and issued a $28.00 price target on shares of Aaron’s, in a research report on Sunday, April 23rd. Finally, Zacks Investment Research upgraded shares of Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, May 2nd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Aaron’s, currently has an average rating of “Buy” and an average price target of $42.50.

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

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

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