Aaron’s, Inc. (AAN) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P reduced its stake in Aaron’s, Inc. (NYSE:AAN) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 228,677 shares of the company’s stock after selling 703 shares during the quarter. Martingale Asset Management L P owned about 0.32% of Aaron’s, worth $8,896,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Aaron’s, by 14,081.2% during the first quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock worth $206,356,000 after purchasing an additional 6,889,771 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Aaron’s, by 140.7% during the first quarter. Ameriprise Financial Inc. now owns 1,100,484 shares of the company’s stock worth $32,729,000 after purchasing an additional 643,365 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Aaron’s, by 223.7% during the second quarter. Principal Financial Group Inc. now owns 906,077 shares of the company’s stock worth $35,246,000 after purchasing an additional 626,128 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Aaron’s, by 70.6% during the first quarter. Bank of New York Mellon Corp now owns 1,399,062 shares of the company’s stock worth $41,607,000 after purchasing an additional 578,774 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Aaron’s, by 6.1% during the first quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock worth $187,313,000 after purchasing an additional 361,856 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the stock. Northcoast Research reaffirmed a “buy” rating and set a $52.50 target price (up from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 target price on shares of Aaron’s, in a report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 target price on shares of Aaron’s, in a report on Thursday, September 7th. Finally, BidaskClub cut shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.21.

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Shares of Aaron’s, Inc. (NYSE AAN) opened at 41.75 on Tuesday. Aaron’s, Inc. has a 12 month low of $22.37 and a 12 month high of $48.22. The firm has a 50-day moving average of $44.06 and a 200-day moving average of $36.56. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 21.45 and a beta of 0.18.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.027 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.26%. Aaron’s, ‘s dividend payout ratio (DPR) is 5.64%.

In other news, CFO Steven A. Michaels sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $46.26, for a total value of $231,300.00. Following the completion of the sale, the chief financial officer now owns 61,095 shares of the company’s stock, valued at approximately $2,826,254.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of the company’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 completion of the sale, the insider now directly owns 11,469 shares of the company’s stock, valued at approximately $516,105. The disclosure for this sale can be found here. Insiders sold a total of 61,776 shares of company stock valued at $2,742,507 in the last ninety days. 1.93% of the stock is owned by corporate insiders.

Aaron’s, 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.

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

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