Aaron’s, Inc. (AAN) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 7.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 676,672 shares of the company’s stock after selling 52,390 shares during the quarter. Gamco Investors INC. ET AL owned about 0.96% of Aaron’s worth $31,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AAN. Wedge Capital Management L L P NC increased its stake in shares of Aaron’s by 243.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 1,382,259 shares of the company’s stock valued at $64,413,000 after acquiring an additional 979,749 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in shares of 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 during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Aaron’s by 100.6% during the 4th quarter. Glenmede Trust Co. NA now owns 843,810 shares of the company’s stock valued at $33,624,000 after acquiring an additional 423,209 shares during the last quarter. Dividend Assets Capital LLC increased its stake in shares of 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 during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of Aaron’s during the 4th quarter valued at about $10,102,000.

AAN has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Aaron’s from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Loop Capital downgraded shares of Aaron’s from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research report on Wednesday, January 24th. SunTrust Banks reissued a “buy” rating on shares of Aaron’s in a research report on Friday, February 16th. Piper Jaffray Companies increased their target price on shares of Aaron’s from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research downgraded shares of Aaron’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Aaron’s currently has a consensus rating of “Buy” and a consensus target price of $46.36.

In other Aaron’s news, CEO Ryan K. Woodley sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $42.35, for a total value of $529,375.00. Following the completion of the transaction, the chief executive officer now owns 157,950 shares in the company, valued at approximately $6,689,182.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $46.00, for a total value of $46,000.00. Following the completion of the transaction, the insider now owns 10,021 shares of the company’s stock, valued at approximately $460,966. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,147 shares of company stock valued at $3,706,833. 2.28% of the stock is owned by company insiders.

AAN opened at $40.69 on Thursday. The company has a market cap of $2.83 billion, a P/E ratio of 15.89 and a beta of 0.07. Aaron’s, Inc. has a 1 year low of $34.03 and a 1 year high of $49.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.74 and a quick ratio of 0.86.

Aaron’s (NYSE:AAN) last released its quarterly earnings results on Thursday, April 26th. The company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.14). The company had revenue of $954.81 million during the quarter, compared to analysts’ expectations of $926.74 million. Aaron’s had a return on equity of 11.22% and a net margin of 8.34%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 EPS. analysts expect that Aaron’s, Inc. will post 3.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Tuesday, June 19th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Monday, June 18th. Aaron’s’s dividend payout ratio is presently 4.69%.

Aaron’s declared that its board has authorized a share buyback program on Thursday, February 15th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About Aaron’s

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

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

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