Aaron's, Inc. (AAN) Shares Sold by QS Investors LLC

QS Investors LLC lessened its holdings in shares of Aaron's, Inc. (NYSE:AAN) by 33.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,154 shares of the company’s stock after selling 4,023 shares during the quarter. QS Investors LLC’s holdings in Aaron's were worth $325,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in Aaron's by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,337,860 shares of the company’s stock valued at $58,371,000 after acquiring an additional 49,360 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in Aaron's by 114.1% during 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 in the last quarter. JPMorgan Chase & Co. grew its stake in Aaron's by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 929,135 shares of the company’s stock valued at $40,453,000 after acquiring an additional 59,129 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Aaron's by 39.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 891,459 shares of the company’s stock valued at $35,525,000 after acquiring an additional 251,687 shares in the last quarter. Finally, Dividend Assets Capital LLC grew its stake in Aaron's by 191.7% during the 4th quarter. Dividend Assets Capital LLC now owns 625,665 shares of the company’s stock valued at $24,932,000 after acquiring an additional 411,162 shares in the last quarter.

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Shares of Aaron's, Inc. (NYSE:AAN) opened at $45.30 on Monday. Aaron's, Inc. has a 1-year low of $28.12 and a 1-year high of $49.77. The company has a quick ratio of 0.80, a current ratio of 2.73 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3,174.49, a P/E ratio of 11.16 and a beta of 0.07.

Aaron's (NYSE:AAN) last posted its earnings results on Thursday, February 15th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.10. Aaron's had a return on equity of 11.64% and a net margin of 8.65%. The firm had revenue of $884.60 million during the quarter, compared to analyst estimates of $871.07 million. During the same period in the previous year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. analysts predict that Aaron's, Inc. will post 3.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 23rd will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.12 annualized dividend and a yield of 0.26%. Aaron's’s dividend payout ratio (DPR) is currently 2.96%.

Aaron's declared that its Board of Directors has approved a stock buyback program on Thursday, February 15th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several research firms have weighed in on AAN. Zacks Investment Research cut Aaron's from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. SunTrust Banks reaffirmed a “buy” rating on shares of Aaron's in a research note on Friday, February 16th. KeyCorp lifted their price target on Aaron's from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Piper Jaffray lifted their price target on Aaron's from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, ValuEngine upgraded Aaron's from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $46.36.

In other Aaron's news, Director Robert H. Yanker sold 40,195 shares of Aaron's stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $47.69, for a total value of $1,916,899.55. Following the transaction, the director now directly owns 8,038 shares of the company’s stock, valued at approximately $383,332.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of Aaron's stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $48.00, for a total value of $48,000.00. Following the completion of the transaction, the insider now directly owns 13,163 shares in the company, valued at $631,824. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,647 shares of company stock valued at $2,033,048. Corporate insiders own 1.93% of the company’s stock.

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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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