EAM Investors LLC bought a new position in Aaron’s, Inc. (NYSE:AAN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,570 shares of the company’s stock, valued at approximately $2,032,000. EAM Investors LLC owned 0.07% of Aaron’s, as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AAN. Great West Life Assurance Co. Can boosted its holdings in shares of Aaron’s, by 0.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 38,370 shares of the company’s stock valued at $1,492,000 after purchasing an additional 307 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Aaron’s, by 10.3% in the 2nd quarter. Legal & General Group Plc now owns 80,025 shares of the company’s stock valued at $3,112,000 after purchasing an additional 7,493 shares during the last quarter. Numeric Investors LLC acquired a new position in shares of Aaron’s, in the 2nd quarter valued at $576,000. Principal Financial Group Inc. boosted its holdings in shares of Aaron’s, by 223.7% in the 2nd quarter. Principal Financial Group Inc. now owns 906,077 shares of the company’s stock valued at $35,246,000 after purchasing an additional 626,128 shares during the last quarter. Finally, Sterling Capital Management LLC acquired a new position in shares of Aaron’s, in the 2nd quarter valued at $1,293,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Steven A. Michaels sold 4,000 shares of Aaron’s, stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the transaction, the chief financial officer now owns 56,769 shares in the company, valued at approximately $2,108,968.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of Aaron’s, stock in a transaction on Monday, August 28th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the insider now owns 11,469 shares in the company, valued at approximately $516,105. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 2,333,000 shares of company stock worth $101,330 and have sold 26,779 shares worth $1,037,485. Insiders own 1.93% of the company’s stock.

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Aaron’s, Inc. (NYSE:AAN) opened at $35.60 on Friday. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2,519.09, a price-to-earnings ratio of 14.77 and a beta of 0.23. Aaron’s, Inc. has a 1-year low of $26.12 and a 1-year high of $48.22.

Aaron’s, (NYSE:AAN) last posted its earnings results on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). The business had revenue of $838.80 million for the quarter, compared to analyst estimates of $827.20 million. Aaron’s, had a net margin of 4.15% and a return on equity of 11.41%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. research analysts forecast that Aaron’s, Inc. will post 2.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.03 per share. This is a positive change from Aaron’s, ‘s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.12 annualized dividend and a dividend yield of 0.34%. Aaron’s, ‘s payout ratio is presently 5.79%.

A number of brokerages have weighed in on AAN. Northcoast Research reiterated a “buy” rating and issued 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. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 price target on shares of Aaron’s, in a report on Friday, September 1st. Off Wall Street began coverage on shares of Aaron’s, in a report on Monday, September 18th. They issued a “sell” rating on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.06.

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

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