Systematic Financial Management LP lowered its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 36.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,510 shares of the company’s stock after selling 20,190 shares during the quarter. Systematic Financial Management LP owned 0.05% of Aaron’s, worth $1,381,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AAN. LS Investment Advisors LLC grew its holdings in Aaron’s, by 34.5% during the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock worth $103,000 after buying an additional 682 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Aaron’s, by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock worth $103,000 after buying an additional 312 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in Aaron’s, by 5.0% during the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock worth $106,000 after buying an additional 168 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Aaron’s, by 24.1% during the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock worth $119,000 after buying an additional 778 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Aaron’s, by 29.5% during the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock worth $126,000 after buying an additional 961 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Several brokerages recently issued reports on AAN. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price target on shares of Aaron’s, in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Northcoast Research reiterated a “buy” rating and set a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Finally, BidaskClub downgraded Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $44.21.

Aaron’s, Inc. (NYSE AAN) opened at 38.41 on Tuesday. The company has a market cap of $2.72 billion, a P/E ratio of 19.74 and a beta of 0.18. The firm has a 50-day moving average price of $44.05 and a 200-day moving average price of $37.12. Aaron’s, Inc. has a 52 week low of $22.37 and a 52 week high of $48.22.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, September 14th. Aaron’s, ‘s payout ratio is 5.64%.

In other news, CEO John W. Robinson sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was 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 $16,066,568.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the insider now owns 11,469 shares of the company’s stock, valued at approximately $516,105. The disclosure for this sale can be found here. Insiders have sold 61,776 shares of company stock valued at $2,742,507 in the last quarter. 1.93% of the stock is owned by company insiders.

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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.

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

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