Rice Hall James & Associates LLC Has $22.23 Million Stock Position in Aaron’s, Inc. (NYSE:AAN)

Rice Hall James & Associates LLC boosted its stake in Aaron’s, Inc. (NYSE:AAN) by 6.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 361,944 shares of the company’s stock after buying an additional 21,478 shares during the period. Rice Hall James & Associates LLC owned approximately 0.53% of Aaron’s worth $22,227,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAN. Wedge Capital Management L L P NC lifted its holdings in shares of Aaron’s by 1.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 2,115,364 shares of the company’s stock worth $111,268,000 after acquiring an additional 21,178 shares during the period. Northern Trust Corp lifted its holdings in shares of Aaron’s by 0.7% during the 1st quarter. Northern Trust Corp now owns 1,655,383 shares of the company’s stock worth $87,074,000 after acquiring an additional 10,766 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Aaron’s by 2.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,287,788 shares of the company’s stock worth $67,738,000 after acquiring an additional 28,134 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Aaron’s by 3.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 944,935 shares of the company’s stock worth $49,704,000 after acquiring an additional 30,925 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Aaron’s by 16.2% during the 4th quarter. Geode Capital Management LLC now owns 877,428 shares of the company’s stock worth $36,894,000 after acquiring an additional 122,334 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

In other news, EVP Robert W. Kamerschen sold 1,258 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $62.00, for a total transaction of $77,996.00. Following the completion of the sale, the executive vice president now directly owns 32,844 shares in the company, valued at $2,036,328. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John W. Robinson sold 15,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $62.09, for a total transaction of $931,350.00. Following the sale, the chief executive officer now owns 295,933 shares of the company’s stock, valued at $18,374,479.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,758 shares of company stock valued at $2,111,246. 2.78% of the stock is currently owned by corporate insiders.



NYSE AAN traded down $0.15 on Wednesday, hitting $64.48. The company’s stock had a trading volume of 29,836 shares, compared to its average volume of 584,039. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 2.77. Aaron’s, Inc. has a 1-year low of $39.28 and a 1-year high of $68.44. The stock’s 50-day simple moving average is $63.22. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.09 and a beta of 0.48.

Aaron’s (NYSE:AAN) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.05. Aaron’s had a net margin of 5.20% and a return on equity of 14.48%. The firm had revenue of $968.14 million during the quarter, compared to analysts’ expectations of $966.50 million. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts expect that Aaron’s, Inc. will post 3.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, September 18th. Aaron’s’s dividend payout ratio (DPR) is presently 4.17%.

A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Loop Capital upped their price objective on shares of Aaron’s to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Zacks Investment Research upgraded shares of Aaron’s from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. KeyCorp upped their price target on shares of Aaron’s from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Stephens set a $67.00 price target on shares of Aaron’s and gave the company a “buy” rating in a research report on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $68.50.

Aaron’s Profile

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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

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