Verity Asset Management Inc. purchased a new stake in Aaron’s, Inc. (NYSE:AAN) during the fourth quarter, Holdings Channel reports. The fund purchased 4,945 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAN. Stephens Investment Management Group LLC increased its holdings in Aaron’s by 114.1% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,075,022 shares of the company’s stock valued at $42,840,000 after acquiring an additional 572,801 shares during the last quarter. Dividend Assets Capital LLC increased its holdings in shares of Aaron’s by 191.7% in the 4th quarter. Dividend Assets Capital LLC now owns 625,665 shares of the company’s stock worth $24,932,000 after buying an additional 411,162 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Aaron’s by 206.0% in the 3rd quarter. American Century Companies Inc. now owns 434,161 shares of the company’s stock worth $18,942,000 after buying an additional 292,286 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Aaron’s by 74.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 434,346 shares of the company’s stock worth $18,949,000 after buying an additional 185,958 shares during the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of Aaron’s in the 3rd quarter worth about $7,120,000. Institutional investors own 99.23% of the company’s stock.

Aaron’s, Inc. (NYSE:AAN) opened at $39.44 on Tuesday. Aaron’s, Inc. has a 52 week low of $26.12 and a 52 week high of $48.22. 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 company has a market cap of $2,792.23, a PE ratio of 20.76 and a beta of 0.20.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Loop Capital downgraded shares of Aaron’s from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Aaron’s from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, January 10th. Stephens restated a “buy” rating and issued a $61.00 target price on shares of Aaron’s in a report on Wednesday, January 3rd. Finally, Jefferies Group restated a “buy” rating and issued a $54.00 target price on shares of Aaron’s in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $46.10.

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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.

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

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