Nationwide Fund Advisors grew its holdings in Aaron’s, Inc. (NYSE:AAN) by 32.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 204,188 shares of the company’s stock after purchasing an additional 50,561 shares during the quarter. Nationwide Fund Advisors owned approximately 0.29% of Aaron’s worth $8,909,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of Aaron’s by 34.5% in the 2nd quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after acquiring an additional 682 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Aaron’s by 13.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after acquiring an additional 312 shares during the period. Riverhead Capital Management LLC raised its position in shares of Aaron’s by 70.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after acquiring an additional 1,630 shares during the period. Victory Capital Management Inc. raised its position in shares of Aaron’s by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $183,000 after acquiring an additional 705 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Aaron’s in the 2nd quarter valued at approximately $201,000. 99.85% of the stock is currently owned by institutional investors.

Aaron’s, Inc. (NYSE:AAN) opened at $38.43 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 2.35. The company has a market capitalization of $2,669.10, a PE ratio of 15.65 and a beta of 0.23. Aaron’s, Inc. has a 52 week low of $26.12 and a 52 week high of $48.22.

Aaron’s (NYSE:AAN) last released its quarterly 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 firm had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. Aaron’s had a return on equity of 11.41% and a net margin of 4.15%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. sell-side analysts forecast that Aaron’s, Inc. will post 2.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 13th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This is a positive change from Aaron’s’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.31%. Aaron’s’s payout ratio is 5.79%.

AAN has been the topic of a number of analyst reports. Jefferies Group reiterated a “buy” rating and issued a $54.00 price target on shares of Aaron’s in a research report on Thursday, August 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 price target on shares of Aaron’s in a research report on Friday, September 1st. Off Wall Street initiated coverage on shares of Aaron’s in a research report on Monday, September 18th. They issued a “sell” rating on the stock. KeyCorp upgraded shares of Aaron’s from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research report on Thursday, September 28th. Finally, Zacks Investment Research downgraded shares of Aaron’s from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Aaron’s currently has a consensus rating of “Buy” and a consensus price target of $43.30.

In other Aaron’s news, CFO Steven A. Michaels sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $37.15, for a total value of $148,600.00. Following the completion of the transaction, the chief financial officer now owns 56,769 shares in the company, valued at approximately $2,108,968.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total value of $543,600.00. Following the completion of the transaction, the chief executive officer now owns 337,340 shares of the company’s stock, valued at approximately $12,225,201.60. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,361,000 shares of company stock worth $62,450 and sold 19,003 shares worth $692,308. 1.93% of the stock is currently owned by insiders.

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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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